August 02, 2022
Africa: Investing in the Youth Is Key to Africa's Digital Transformation and Financial Inclusion - African Development Bank East Africa Director General
The youth will drive Africa's digital economy; hence the need to invest in their skills development to accelerate innovations and growth on the continent, African Development Bank… Read more »
July 28, 2022
Tanzania: African Development Bank and African Guarantee Fund Launch Afawa Finance Series in Collaboration With Tanzania Bankers' Association
The African Development Bank's Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African… Read more »
East Africa: East Africa Heads of State Officially Launch the Arusha Bypass Road
On 22 July 2022, Heads of State of the East Africa Community (EAC) launched the Arusha Bypass Road, during the EAC Heads of State summit, which took place in Arusha, Tanzania. The… Read more »
Africa: African Development Bank and African Guarantee Fund Sign $110 Million Agreement With Tanzania's Crdb Bank to Boost Access to Finance By Women's SMEs
The African Development Bank today signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank's regional expansion efforts and a senior… Read more »
July 27, 2022
Ethiopia: Ethiopia - African Development Fund Approves $4.3 Million Grant to Fund Capacity Building, Boost Economic Resilience
The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia's finance ministry and related government… Read more »
July 26, 2022
East Africa: Nepad-Infrastructure Project Preparation Facility and Comesa Secretariat Launch Market Analysis for the Africa Cloud Ecosystem Project
The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank have launched phase one of the Africa Cloud Ecosystem Project, to be… Read more »
July 19, 2022
Burundi: Burundi - The Government and the African Development Bank Pleased With Project Implementation
African Development Bank Group projects in Burundi are producing good results overall. A discussion took place in Bujumbura on 27-30 June 2022 between the Burundian government and… Read more »
July 20, 2022
Somalia: Somalia - African Development Fund Approves $5.4 Million Grant to Build Food Security, As Millions Face Crisis
The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. Read more »
July 18, 2022
Zambia: African Development Bank Grants $1.4 Million to Export Trading Group to Strengthen Entrepreneurship Skills of Women-Owned & Led Businesses in Mozambique, Tanzania and Zambia
The Board of Directors of the African Development Bank Group has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned… Read more »
July 15, 2022
Tanzania: African Development Bank Group Approves $73.5 Million to Boost Food Production in Tanzania
The Board of Directors of the African Development Bank Group today approved $73.5 million to finance a program that will boost Tanzania's food production by a million tonnes in… Read more »
Kenya: Kenya - African Development Bank Approves $150 Million for Nairobi-Nakuru-Mau Summit Highway Project
The Board of Directors of the African Development Bank Group today approved financing of $150 million to Kenya to support a major highway development project under the government's… Read more »
Africa: South Sudan - African Development Bank Grants $8.1 Million to Support Food Production
The Board of Directors of the African Development Bank Group today approved a grant of $8.1 million to South Sudan to fund its Emergency Food Production Programme. Read more »
Rwanda: Rwanda Joins African Development Bank-Supported Remote Data Collection Initiative
Rwanda has embraced the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) initiative, a tool that enhances project-related data collection in remote areas. It is the… Read more »
July 14, 2022
Kenya: Kenya - African Development Bank Approves a €63 Million Loan to Increase Cereals and Oil Seed Production
The Board of Directors of the African Development Bank Group has approved a €63 million loan to Kenya to significantly boost cereals and oil seeds production by over 1.5… Read more »
July 13, 2022
East Africa: African Development Bank Approves $175 Million Regional Trade Finance Funded Risk Participation Agreement Facility for Eastern and Southern African Trade & Development Bank
The Board of Directors of the African Development Bank Group has approved a $175 million Trade Finance Funded Risk Participation Agreement facility between the African Development… Read more »
July 08, 2022
Kenya: President Kenyatta Endorsed As Global Champion for Africa Adaptation Acceleration Program
Global leaders on Thursday tasked Kenya's President Uhuru Kenyatta to spearhead Africa's effort to address climate change under the Africa Adaptation Acceleration Program (AAAP). Read more »
July 07, 2022
Comoros: The African Development Bank Is Supporting Improvements to the Power Grid in the Comoros
The Comoros Energy Sector Support Project has helped improve the country's power grid. Read more »
July 05, 2022
Kenya: Kenya - African Development Bank Approves €89 Million Loan to Bolster Economic Recovery
The Board of Directors of the African Development Bank Group has approved an €89 million loan to boost the Kenyan government's economic recovery efforts. Read more »
July 01, 2022
Tanzania: In Tanzania, a Special Training Center Provides a Second Chance for Out-of-School Youth
Hadia Baruti Wimbi was only six years old when she left her parents' home, eventually leading to her spending much of her childhood without any schooling. "An elderly member of my… Read more »
June 30, 2022
Rwanda: Rwanda, African Development Bank Launch Industrial Policy Project, Targeting 200,000 Jobs Per Year
The Government of Rwanda, in partnership with the African Development Bank's Fund for African Private Sector Assistance, has launched a two-year project to boost industrial… Read more »
June 27, 2022
Tanzania: African Development Bank, Tanzania Sign $125.2 Million Loan Agreement to Address Water Shortages in Dodoma Region
The African Development Bank and the Tanzanian government have signed a $125.2 million loan agreement for a project that will help address water shortages in three districts in the… Read more »
June 21, 2022
Sudan: Sudan - Bank-Funded Programme Yields a Pioneering Batch of Graduates in the Education Sector
When the African Development Bank launched a project to enhance institutional and human capacity in Sudan's education sector, Ahmed Mutiagin was a student with ambitions of getting… Read more »
June 22, 2022
Africa: Rwanda to Host 2022 World Circular Economy Forum in December, a First for Africa
The World Circular Economy Forum will, for the first time, take place on African soil in 2022, bringing together participants from around the world to absorb lessons from the… Read more »
June 16, 2022
Africa: President Adesina to Attend 2022 Commonwealth Business Forum in Kigali
What: Commonwealth Business Forum (part of the Commonwealth Heads of Government Meeting) Read more »
June 06, 2022
Africa: Djibouti Strategically Placed to Become Global ICT Center, Says Adesina
African Development Bank Group President Dr. Akinwumi Adesina met with President Ismail Omar Guelleh of Djibouti Guelleh and senior government officials at the weekend to discuss… Read more »