April 20
Africa: Multilateral Development Banks Deepen Collaboration to Deliver As a System
The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle… Read more »
April 12
Africa: African Development Bank Publishes Report On Callable Capital
The African Development Bank has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Read more »
April 04
Africa: Largest US Bank Jpmorgan Chase to Deepen Partnerships With the African Development Bank Group
African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential… Read more »
March 15
Zimbabwe: African Development Bank Signs $15 Million Transaction Guarantee Facility With NMB Bank Zimbabwe
The African Development Bank and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million Trade Finance Transaction Guarantee Facility to unlock trade finance opportunities for… Read more »
February 02
Mozambique: Mozambique - African Development Bank Lends $40 Million to the Mozambique Rail and Port Authority to Buy Rolling Stock for the Ressano Garcia Railway Line
Finance Read more »
January 26
Africa: African Development Bank, Attijariwafa Bank Europe Sign €100 Million Risk-Sharing Agreement to Unlock Private Sector Potential to Drive African Trade
The African Development Bank and Attijariwafa bank Europe, European subsidiary of the Attijariwafa bank group, have signed a €100 million risk-sharing agreement to strengthen… Read more »
January 19
Africa: African Development Bank Appoints Aida Ndir Ngom As Director of the Private Sector Development Department
The African Development Bank has appointed Aida Ngir Ngom as Director, Private Sector Development Department. Her appointment takes effect from February 1, 2024. Read more »
December 15, 2023
Africa: African Development Bank Approves a U.S.$ 175 Million Facility for United Bank for Africa (UBA) to Support Private Sector and Infrastructure Development.
The Board of Directors of the African Development Bank Group today approved a $175 million financial package for United Bank for Africa (UBA), comprising $100 million in long-term… Read more »
December 04, 2023
Africa: Six Regional Technical Consultations to Improve the Bank's Public Service Delivery Index
To help improve the quality and coverage of public services delivered to African citizens, the African Development Bank Group held six regional technical consultative meetings on… Read more »
December 02, 2023
Africa: COP28 Multilateral Development Banks (Mdb) Joint Statement
The climate crisis is rapidly worsening with increasingly severe and visible social, environmental, and economic impacts across the world. The window of opportunity to secure a… Read more »
Africa: Mdbs Join Forces At COP28 for Global Climate Resilience
Multilateral development banks (MDBs) have a key role to play in combating climate change, said development experts at this year's Conference of the Parties, COP28, convened as… Read more »
November 22, 2023
Senegal: Senegal - African Development Bank Agrees Loan of Nearly €87 Million for Agropole Nord
Planned for construction and implementation over 5 years, Senegal's Agropole Nord will help to sustainably increase household incomes and food security. Read more »
November 23, 2023
Tanzania: Tanzania - Bank Operations Produce Results Beyond Expectations, According to the Tanzania Country Strategy Paper 2021-2025 Mid-Term Review
Mid-term implementation of the African Development Bank's Country Strategy Paper 2021-2025 for Tanzania shows a significant improvement in access to drinking water and the state of… Read more »
November 16, 2023
Africa: AfDB Issues Statement on Illegal Arrest of Staffers In Ethiopia
On 31 October 2023, two staff members of the African Development Bank Group based in Addis Ababa were unlawfully arrested, physically assaulted, and detained for… Read more »
November 03, 2023
Africa: African Development Bank Approves €100-Million Risk Participation Agreement With Attijariwafa Bank to Promote African Trade
Finance Read more »
October 17, 2023
Africa: African Development Bank Appoints Dr Akinsola Babalola As Special Assistant to the President
The African Development Bank Group has appointed Dr Akinsola Babalola, a banking and finance management professional, Special Assistant to the Bank Group President. Read more »
Africa: Joint Statement On Sustainable Procurement Initiatives By the Heads of Procurement At Multilateral Development Banks
The Heads of Procurement (HoP) of the twelve Multilateral Development Banks (MDBs) in their recent meeting held in Manila have pledged their commitment to promote sustainable… Read more »
October 13, 2023
Africa: Statement of the Heads of Multilateral Development Banks Group - Strengthening Our Collaboration for Greater Impact
The world faces a global "polycrisis" affecting human and economic development at an unprecedented scale. Progress towards the Sustainable Development Goals (SDGs) has been… Read more »
Africa: International Day for Disaster Risk Reduction - Why Climate Insurance Matters!
Climate change is one of the most significant challenges facing Africa today, with severe implications for the continent's food security, livelihoods, and economic growth.… Read more »
August 16, 2023
Ethiopia: Ethiopia and African Development Bank Group Ink $84.3 Million Grant Agreement to Enhance Wheat Production
The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers' incomes. Read more »
May 26, 2023
Nigeria: Letshego Microfinance Bank Nigeria Named Affirmative Finance Action for Women in Africa Initiative's First 'Afawa Bank of the Year' At African Business Awards
Giles Aijukweb, representing Leshego Microfinance Bank Nigeria accepts the AFAWA Bank of the Year award from Malado Kabba, African Development Bank's Director for Gender, Women and… Read more »
May 24, 2023
Africa: Bolster Africa to Resist Financial Shocks, Build Climate-Resilient Economies, Say African Leaders At African Development Bank's Annual Meetings
African Development Bank head, continent's leaders call for overhaul of global financial architecture. Read more »
May 05, 2023
Africa: Inclusive Growth and Sustainable Development in Africa - A Major Task for Regional Development Banks
The average annual GDP (Gross Domestic Product) growth in Africa was 3.4% between 2010 and 2021, according to African Development Bank data. This is well below the targeted yearly… Read more »
April 28, 2023
Africa: African Development Bank Advocates for Strengthening the Role of Multilateral Development Banks Beyond Financing
On the occasion of its Annual Meetings, to be held from 22 to 26 May 2023 in Sharm el Sheikh, Egypt, the African Development Bank Group plans to highlight the role that… Read more »
April 07, 2023
West Africa: West African Monetary Institute to Receive $8 Million From African Development Fund to Support Enhanced Banking Identification and Financial Sector Efficiency in the West African Monetary Zone
The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system… Read more »