April 01, 2020
Africa: African Development Bank Wins Industry Gong for Pioneering 2019 Social Bond Issue
The African Development Bank received on 30 March 2020 an award for its successful one billion Norwegian krone (NOK) social bond issued in 2019. This Environmental Finance 2020… Read more »
April 02, 2020
East Africa: African Development Bank Approves $1.5 Million Emergency Grant to Curb Desert Locusts Ravaging East and Horn of Africa
The Board of Directors of the African Development Bank on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the… Read more »
April 01, 2020
Africa: African Development Bank Approves $2 Million Emergency Assistance for Who-Led Measures to Curb Covid-19 in Africa
The Board of Directors of the African Development Bank on Tuesday approved $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to… Read more »
March 31, 2020
Mozambique: Government and African Development Bank Sign Financing for Mueda-Negomano Road Phase II
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to… Read more »
March 27, 2020
Africa: African Development Bank Approves $8.25 Million Loan to Food Producer Olivine Industries
The Board of Directors of the African Development Bank Group has approved a $8.25 million corporate loan to Olivine Industries Limited to support the company's food production… Read more »
Africa: African Development Bank Launches Record Breaking $3 Billion "Fight Covid-19" Social Bond
Landmark transaction, largest Social bond transaction to date in capital markets Read more »
March 26, 2020
Ethiopia: African Development Bank-Funded Water Project Spurs Youth Entrepreneurship, Transforms "One Life At a Time."
In a single day last July, Ethiopians turned out in huge numbers to plant more than 350 million trees in what was thought to be the largest tree-planting event in history. Read more »
March 24, 2020
Somalia: New Dawn for Somalia - Arrears Owed to the African Development Bank Group Cleared
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom… Read more »
March 23, 2020
Africa: Coronavirus and Climate Change - Observing World Water Day
A message from Dr. Jennifer Blanke Vice-President, Agriculture, Human and Social Development African Development Bank Read more »
March 20, 2020
Egypt: The Furniture Industry Generates Jobs and Wealth in Damiette
As the early morning sun lights the roofs of Damiette, the Egyptian city's streets begin to come alive. Children are off to school, motorbikes fill the avenues, and shop doors… Read more »
March 19, 2020
Africa: African Development Bank Renews Risk Participation Agreement for Trade Finance With Sumitomo Subsidiary
The Board of Directors of the African Development Bank on Wednesday approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking… Read more »
Seychelles: African Development Bank Supports Blue Economy With $800k Fapa Grant
The African Development Bank has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy… Read more »
March 18, 2020
Africa: African Development Bank Announces Bold Measures to Curb Coronavirus
The African Development Bank on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its… Read more »
March 17, 2020
Africa: Mfw4a - Call for Essays On Financial Sector Development
The Making Finance Work for Africa Partnership (MFW4A) invites researchers and students enrolled in an academic institution to submit an essay on the African financial sector. Read more »
Africa: African Development Bank Debars Beulah Universal Link Resources Limited and Bluestream Systems and Device Limited for Fraudulent Practices
The African Development Bank Group on 17 March 2020, announces the debarment of Beulah Universal Link Resources Limited for 36 months and Bluestream Systems and Device Limited for… Read more »
Nigeria: African Development Bank to Provide Underserved Communities in Nigeria With Sustainable Energy Solutions
The African Development Bank and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling… Read more »
March 13, 2020
Africa: The African Development Bank Revives Key Aquaculture Project in Western Cote d'Ivoire
The African Development Bank has revived an important aquaculture project in the Mountain District of western Cote d'Ivoire, and last week launched the women and youth component of… Read more »
March 16, 2020
Africa: A Chat With Dr. Awuese Oku, Chief Learning and Development Officer About Edge Certification and What It Means for the African Development Bank
1 - What is Edge Certification and why should we be excited about it? Read more »
March 12, 2020
Africa: Tunisia's High-Tech Pharma Business Creates Skilled Jobs
Take the case of Sabra Gmati. Read more »
March 16, 2020
Africa: The African Development Bank's Facility for Energy Inclusion Attracts $160m in Commitments for Small-Scale Renewable Energy
The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the… Read more »
March 13, 2020
Nigeria: Africa Fertilizer Financing Mechanism Launches $2.2 Mill Project in Nigeria to Boost Fertilizer Supply to 200,000 Farmers
The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for… Read more »
Africa: Sierra Leone to Count On African Development Bank to Help Build Resilient Economy, Restore Self-Sufficiency in Rice Production
Sierra Leone will look to the African Development Bank to stimulate agribusiness development in the country with a focus on rice production, its president Maada Bio told a visiting… Read more »
March 12, 2020
Namibia: African Development Bank Approves $121.7 Million Loan, Euro 3 Million Grant to Support Water and Sanitation Sector
The Board of Directors of the African Development Bank on Wednesday approved a $121.7 million loan (ZAR 1.893 billion) and Euro 3 million grant from the Rural Water Supply… Read more »
Africa: African Development Bank Supports Economic Diversification Project Through Fapa
An economic diversification project supported by the Africa Development Bank was launched in Botswana last month to strengthen the small stock, tourism and horticulture industries… Read more »
Africa: African Development Bank's Road Project in Sierra Leone Cuts Travel Times and Transforms Lives
For truck driver Joseph Turay, navigating the 120 km Matotoka-Sefadu road in northeastern Sierra Leone used to be a nightmare. On average, he spent between five hours to one day on… Read more »