April 10, 2019
Africa: African Development Bank Board Approves $4.8 Million Grant to Accelerate African Free Trade
On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the… Read more »
April 01, 2019
Africa: African Development Bank Helps to Break Down the Barriers to Free Trade in Africa
A year after the signing of the African Continental Free Trade Agreement ( AfCFTA)in Kigali by 49 African states, and following the ratification of the agreement by Ethiopia on the… Read more »
January 08, 2019
Africa: African Development Bank Approves U.S.$14.12 Million to Support Nigeria's Membership in African Trade Insurance (Ati) Agency
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria's membership in the… Read more »
December 04, 2018
Africa: AEC 2018 - Moving the Africa Free Trade Area Agreement Ahead With Quick Win Solutions
A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord,… Read more »
December 11, 2018
Africa: African Development Bank Team to Showcase Bank's Operations At Intra-African Trade Fair in Cairo, Egypt
A delegation from the African development Bank will participate in the Intra-African Trade Fair (IATF), which will hold in Cairo, 11-18 December 2018, as co-sponsor of the event. Read more »
November 29, 2018
Africa: African Development Bank Approves $100 Million Facility to Enhance Trade Financing Across Africa
The Board of Directors of the African Development Bank Group (the Bank), on Thursday, 29 November, 2018, approved a second unfunded $100-million Risk Participation Agreement (RPA… Read more »
December 03, 2018
Southern Africa: Trade Finance - U.S.$20 Million Facility for Meridian's Soft Commodity Value-Chain Operations in Southern Africa
The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian's operations in Malawi, Mozambique and Zimbabwe. Read more »
November 28, 2018
Africa: African Countries Are Becoming More Open to Each Other, 2018 Africa Visa Openness Report Shows
The year 2018 is a landmark chapter in Africa's regional integration efforts. The launch of the African Continental Free Trade Area and the Single African Air Transport Market are… Read more »
November 27, 2018
Africa: African Development Bank Supports Entrepreneurship in Transition States Through Equity Investment in Trade and Development Bank
The Board of Directors of the African Development Bank has approved an additional equity investment of US$ 25 million in Trade and Development Bank (TDB) to enhance the latter's… Read more »
November 09, 2018
Africa: Africa Investment Forum Exceeds Expectations, Participants Unanimously Agree
The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. Read more »
Africa: Africa Investment Forum - Arab Bank for Economic Development in Africa (BADEA) Acquires Stake in Eastern and Southern African Trade and Development Bank (TDB)
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA. Read more »
November 08, 2018
Africa: The Trade and Development Bank and USAID Sign MOU to Power Africa
The Eastern and Southern African Trade and Development Bank (TDB) and USAID's Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power… Read more »
October 22, 2018
Africa: African Development Bank Launches Landmark U.S. $500 Million Credit Insurance Deal With African Trade Insurance Agency and UK Reinsurers
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a… Read more »
July 20, 2018
Africa: Trade Finance - African Development Bank Approves U.S.$ 250-Million Risk Participation Agreement With Absa
The Board of Directors of the African Development Bank on Wednesday, 18 July 2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. Read more »
July 16, 2018
Africa: African Development Bank Commends Afreximbank's Efforts to Advance Intra-African Trade
"Africa is in a hurry because it is hungry for economic transformation. We must move quickly from old methods of intervention in dealing with emerging challenges and taking… Read more »
July 02, 2018
Africa: U.S. Trade and Development Agency and African Development Bank Expand Procurement Partnerships in Africa
The African Development Bank has signed a memorandum of understanding with the U.S. Trade and Development Agency to partner under USTDA's Global Procurement Initiative:… Read more »
May 24, 2018
Africa: With a Strong Financial Profile, the African Development Bank is Spearheading Africa's Economic Transformation
The African Development Bank has a very strong financial profile and remains focused on optimizing and strengthening its balance sheet to more effectively accompany African… Read more »
May 23, 2018
Africa: Regional Cooperation, Structural Reforms Key to Economic Transformation
Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said… Read more »
May 17, 2018
Africa: African Development Bank Approves U.S.$100 Million for Expansion of Fertilizer Production
The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company's plans to double… Read more »
May 09, 2018
Africa: "Africa Business Day" Equips Southern African Companies Seeking to Expand Beyond Regional Markets
The African Development Bank, Johannesburg Stock Exchange (JSE) and the Industrial Development Corporation of South Africa (IDC) jointly organized the first "Africa Business Day"… Read more »
May 08, 2018
Africa: Africa Investment Forum Endorsed as a Game Changer for Financing Africa's Infrastructure Development
By 2050, just 32 short years from now, Africa’s growing population will tip the scales at a whopping 2 billion, with a youth of 840 million. In the process, the continent… Read more »
Africa: Speech By Dr. Akinwumi A. Adesina, President of the African Development Group, At the Media Launch of the Africa Investment Forum, Johannesburg, May 8, 2018
Your Excellencies Read more »
April 12, 2018
Africa: African Development Bank's Trade Finance Operation Signs U.S. $100-Million Soft Commodity Finance Facility Agreement With the Export Trading Group
(from left) Mahesh Patel, Executive Chairman, Export Trading Group; Temple Uchegbune and Bleming Nekati of the African Development Bank (Senior Legal Counsel and Chief Trade… Read more »
April 05, 2018
Africa: African Development Bank Approves a U.S. $50-Million Risk Participation Agreement for Commerzbank AG to Address Africa's Trade Finance Market Demand
The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation… Read more »
March 23, 2018
Africa: African Development Bank Pledges Full Support Towards Success of Continental Free Trade Area
The African Development Bank celebrates with Africa and pledges its full support to achieve the success of the recently launched Continental Free Trade Area, as part of its… Read more »
