June 26, 2020
Ghana: Ghana Cocoa Board, African Development Bank and Financial Partners Celebrate First $200 Million Disbursement of Loan to Boost Cocoa Productivity in Ghana
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world's second-largest… Read more »
June 25, 2020
Africa: African Development Fund Approves COVID-19 Response Grants for Six Southern African Countries and São Tomé & Príncipe
The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African… Read more »
June 23, 2020
Togo: African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response
- The Board of Directors of the African Development Bank have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food… Read more »
Cameroon: African Development Bank Approves Eur 88 Million Loan to Cameroon to Finance COVID-19 Response
The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country's COVID-19 crisis… Read more »
September 28, 2019
Burkina Faso: TAAT Deploys Climate Smart Technologies to Boost Sorghum Production in the Sahel
Sorghum is the fifth most produced grain globally. Read more »
Benin: TAAT Excites Beninese Farmers with Pro Vitamin A Cassava Varieties
A staple to about 350 million people in sub Saharan Africa, cassava, had been declared in 2003 by African Heads of State as a poverty fighter. However, the crop is yet to prove its… Read more »
June 10, 2020
West Africa: African Development Bank Approves $20 Million to Contain Spread of COVID-19 in G5 Sahel Nations
The Board of Directors of the African Development Bank on 9 June 2020 approved $20 million in grant funding from the African Development Fund, to build capacity to curb and stop… Read more »
June 05, 2020
Nigeria: African Development Bank Approves New Five-Year Strategy for Nigeria
The Board of Directors of the African Development Bank has approved Nigeria's Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019… Read more »
Nigeria: African Development Bank Approves $288.5 Million for Nigeria COVID-19 Response Support Program
The Board of Directors of the African Development Bank on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and… Read more »
Africa: African Development Bank Approves New Five-Year Strategy for Nigeria Amidst COVID-19 Concerns
The Board of Directors of the African Development Bank has approved Nigeria's Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019… Read more »
May 29, 2020
West Africa: COVID-19 - African Development Bank Mobilizes $22 Million for Low-Income Ecowas Countries
The African Development Bank's Board of Directors has approved an emergency project in support of three, low-income ECOWAS nations - Gambia, Mali and Niger - to bolster their… Read more »
June 03, 2020
Africa: African Equity Capital Markets Activity See Downward Turn, but Increase in Domestic Investors
Data presented from the PricewaterhouseCoopers (PwC) Nigeria 2019 African Capital Market Watch, which reviewed the performance of Africa's capital markets between 2010 and the… Read more »
May 30, 2020
Senegal: AfDB Approves 88 Million Euros Emergency Budget Support for COVID-19 Response
The Board of Directors of the African Development Bank on Friday approved a loan of 88 million euros to Senegal, hit hard by the novel coronavirus pandemic, in support of the costs… Read more »
May 28, 2020
Cape Verde: African Development Bank Group Approves 30 Million Euros Loan to Fight COVID-19
The Board of Directors of the African Development Bank has extended a loan of €30 million to Cabo Verde to help the West African island nation fight the COVID-19 outbreak and… Read more »
May 15, 2020
West Africa: As COVID-19 Takes Jobs Overnight, African Development Bank Partners With Ecowas Commission to Share Employment Plan
The African Development Bank, in partnership with the Economic Community of West African States (ECOWAS), held a virtual stakeholder forum to outline the regional bloc's human… Read more »
May 06, 2020
Chad: African Development Bank Approves €40 Million in Grants for Bridge Linking Cameroon and Chad
The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the… Read more »
April 20, 2020
Africa: African Development Bank Debars China Zhonghao Nigeria Limited for 18 Months for Fraudulent Practices
The African Development Bank Group on 14 April 2020, announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months,… Read more »
April 06, 2020
Ghana: African Development Bank-Facilitated $600 Million Cocobod Loan Gives Cocoa Farmers Hope for Future
Agnes Korkor Ababio climbs onto the back of a pick-up truck and begins counting a stack of 64-kg cocoa bags heaped in the vehicle. Read more »
March 17, 2020
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
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
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 »
March 11, 2020
Cameroon: African Development Bank Launches Project to Tackle Electricity Metering Challenges
The African Development Bank and the multi-donor Fund for African Private Sector Assistance (FAPA) have joined the government of Cameroon to launch an initiative to bolster the… Read more »
Ghana: Ghana Seeks African Development Bank Support for Domestic Development Bank
Ghana is seeking support from the African Development Bank Group to establish a national development bank, the country's Finance Minister Kenneth Ofori-Atta told a delegation of… Read more »
March 09, 2020
Africa: African Development Bank Executive Directors Visit Pioneer Member Country With $3 Billion Project Portfolio
A five-member delegation of African Development Bank Executive Directors has concluded a week-long fact-finding mission to Cameroon during which they met with the country's Prime… Read more »
