April 14, 2023
Burundi: Burundi - African Development Bank Approves Trade Finance Transaction Guarantee Facility to Banque Commerciale Du Burundi (Bancobu)
The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging… Read more »
March 30, 2023
São Tomé and Príncipe: Sao Tome and Principe - African Development Bank Signs $3.2 Million Loan Agreement for Upgrade of National Switch Payment System
The African Development Bank Group and the government of Sao Tome and Principe have signed a $3.2 million loan agreement to upgrade the country's National Switch payment system… Read more »
March 21, 2023
Kenya: Kenya - African Development Bank Approves $30 Million Trade & SME Finance Facility for Family Bank Limited
The Board of Directors of the African Development Bank Group has approved a $30 million Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya. The facility is… Read more »
February 24, 2023
Africa: African Development Bank Holds First Industrial and Trade Business Opportunity Forum in Egypt
Egyptian businesses keen to increase business and deepen integration with other African countries Read more »
February 20, 2023
Africa: Egypt - Seminar On Industrial and Trade Business Opportunities Organized By the African Development Bank and the Ministry of Industry and Trade in Cairo
What? Seminar on industrial and trade business opportunities in Africa (IT-BOS) Read more »
January 30, 2023
Africa: African Development Bank Approves $50 Million and Eur 50 Million Trade Finance Transaction Line of Credit for Ecowas Bank for Investment and Development (Ebid) to Enhance Food Security and Boost Agricultural Value Chains in the Region
EBID headquarters building in Lome, Togo Read more »
December 22, 2022
Mauritius: African Development Bank Approves $40 Million Trade Finance Package to Bank One Limited Mauritius
The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of Mauritius. The financial package… Read more »
December 17, 2022
Angola: Angola - African Development Bank Group Approves $10million Trade Finance Transaction Guarantee to Banco Fomento De Angola S.a. (Bfa)
The Board of Directors of the African Development Bank Group has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging… Read more »
December 02, 2022
Uganda: Uganda - African Development Bank Group Commits $301 Million to Renovate the Country's Meter Gauge Railway and Bolster Regional Trade
The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda Read more »
November 18, 2022
Africa: For Africa to Prosper, Africans Need to Be Able to Move
Akinwumi Adesina, the president of the African Development Bank, stresses the importance of easy travel within Africa Read more »
November 04, 2022
Africa: Africa Investment Forum 2022 - Before Exporting Its Gas, Africa Should Meet Its Own Needs
Africa should satisfy its own natural gas needs first before considering exports in the wake of the growing interest among European countries, which is linked to the… Read more »
October 31, 2022
Africa: Africa Investment Forum - African Continental Free Trade Area Provides Fresh Impetus for Deeper Railway Networks
Demand for more extensive rail infrastructure in Africa received a boost following the coming into force of the African Continental Free Trade Agreement in early 2021. The… Read more »
October 28, 2022
Africa: Africa Investment Forum Attracts Us Trade and Development Agency Support for Nigerian Telehealth Provider
Abuja-based telemedicine provider Mobihealthcare Limited has received grant funding from the United States Trade and Development Agency. The funding will support the provider of… Read more »
October 13, 2022
Africa: African Development Bank Approves $75 Million Risk Participation Agreement Facility for Firstrand Bank Limited to Enhance Trade Financing On the African Continent
The Board of Directors of the African Development Bank Group on Wednesday, 12 October approved an unfunded $75 million trade finance Risk Participation Agreement facility for… Read more »
October 14, 2022
Africa: African Development Bank Group Approves $50 Million Trade Finance Risk Participation Partnership With Natixis
The Board of Directors of the African Development Bank Group has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank. The agreement will enable… Read more »
October 10, 2022
East Africa: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade in Djibouti, Eritrea and Ethiopia
What: The 6thAfrica Energy Market Place (AEMP) Read more »
October 05, 2022
Africa: Nigeria - African Development Bank Approves $25 Million Trade Finance Facility for Fsdh Merchant Bank for Local SMEs
The Board of Directors of the African Development Bank Group has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in… Read more »
September 28, 2022
Africa: Africa Co-Guarantee Platform Partners Reaffirm Commitment to Catalyzing Trade and Investment
Amid rising urgency for instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform's (CGP) six partners have affirmed commitments to better leverage… Read more »
Africa: Move Africa's Industrialization Goals and Trade Competitiveness With Network Planning and Implementation At a Regional Cross Border Level Now - Transnet-AfDB Conference
Joint network lifetime planning and implementation of regional borderless crossings are key tools for the scaling up of integrated regional freight transport and logistics systems… Read more »
September 08, 2022
Cape Verde: Upgraded Maio Port to Transform Economy, Boost Trade in Cabo Verde
African Development Bank President Dr. Akinwumi A. Adesina on Wednesday inaugurated the upgraded Port of Maio in Cabo Verde, which will help reduce sea travel time to the capital… Read more »
July 26, 2022
Africa: African Development Bank, African Continental Free Trade Area Secretariat, Sign $11 Million Institutional Support Grant Agreement
The African Development Bank Group and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package… Read more »
July 22, 2022
Africa: African Development Bank Approves Risk Participation Agreement With Crédit Agricole Cib to Stimulate Intra-African Trade
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. Read more »
July 15, 2022
Africa: African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat
The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA)… 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 »
Africa: African Development Bank Group Approves Euro 50 Million Trade Finance Risk Participation Partnership With Societe Generale to Support Local Banks and SMEs in Africa
The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to… Read more »