July 20, 2023
Africa: Mauritania - African Development Bank to Provide $767,000 to Boost Livestock Farming, the Second-Largest Source of Livelihood
From left to right: African Development Bank Group's Deputy Director General for North Africa Malinne Blomberg and Mauritanian Minister of Economy and Sustainable Development… Read more »
Mali: Development Partners Express Support for $900 Million Mauritania-Mali Power Line
Development partners have committed to mobilize funding for a $900 million multinational power transmission line between Mauritania and Mali, connecting 620,000 people to… Read more »
July 18, 2023
Benin: Benin - African Development Bank Group Extends Ꞓ80 Million Loan for Port of Cotonou Upgrading
Support from the African Development Bank for the Port of Cotonou will enable the construction of a new container terminal called "T5", among other things. (© PROSPER… Read more »
July 17, 2023
Liberia: African Development Bank and Government of Liberia Discuss Major Road Project
A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia's request for financing of a major… Read more »
July 14, 2023
Cameroon: Cameroon - African Development Bank Provides Ꞓ63 Million Loan to Improve Entrepreneurship and Industrial Skills
The Bank's financing will enable us to equip people with skills to meet industry needs and spur economic growth in Cameroon. Read more »
July 13, 2023
Nigeria: To Roar Again, Nigeria Must Unleash an Industrial Revolution, Says African Development Bank Chief
"The day Nigeria wakes up and becomes a Lion King, everything will change for its people and Africa." Read more »
July 05, 2023
Benin: Benin - African Development Bank Provides Ꞓ164 Million Loan to Tackle Urban Flooding Caused By Climate Change
African Development Bank financing will enable the Beninese authorities to improve rainwater drainage in the cities of Porto-Novo, Ouidah, Bohicon and Abomey. Read more »
June 30, 2023
Africa: Nigeria - African Development Bank Approves $115m Loan to Abia State for Road Rehabilitation, Erosion Control and Solid Waste Management
The Board of Directors of the African Development Bank Group has approved a loan of $115 million to support a major road rehabilitation project in Nigeria's Abia State. The project… Read more »
June 20, 2023
Ghana: Ghana - African Development Bank Approves $23.04 Million for Modern Floating Dock Facility
The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the… Read more »
June 09, 2023
Africa: World Environment Day - Host Cote d'Ivoire, Africa Development Bank Urge Collective Action to End Plastic Pollution
Cote d'Ivoire hosted the 50th anniversary of World Environment Day on the 5th of June 2023, with the African Development Bank as a core partner for the annual event. Read more »
June 03, 2023
Africa: Sahel Region - African Development Bank to Extend Nearly $1m in Gender-Based Grants to Boost Opportunities for Women-Led Businesses
The African Development Bank's Gender Equality Trust Fund will provide a $950,000 grant to the Africa Small and Medium Enterprise Business Linkages Program in Burkina Faso, Chad,… Read more »
May 26, 2023
Senegal: United Kingdom Announces First Water Infrastructure Resilience Projects in Egypt and Senegal Under Its Room2run Guarantee Program
Andrew Mitchell, UK Minister of State for Development and Africa (left); Rania Al-Mashat, Egypt's Minister of International Cooperation; Oulimata Sarr, Senegal's Minister of… Read more »
Nigeria: Letshego Microfinance Bank Nigeria Named Affirmative Finance Action for Women in Africa Initiative's First 'Afawa Bank of the Year' At African Business Awards
Giles Aijukweb, representing Leshego Microfinance Bank Nigeria accepts the AFAWA Bank of the Year award from Malado Kabba, African Development Bank's Director for Gender, Women and… Read more »
May 18, 2023
Africa: African Development Bank Approves $15 Million Loan for Infrastructure Credit Guarantee Company Limited to Support Infrastructure Financing in Nigeria
The Board of Directors of the African Development Bank has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen… Read more »
May 10, 2023
Cote d'Ivoire: Côte d'Ivoire - Arlette Ophélia Koffi Dreams of Becoming Africa's Top Producer of Ganoderma Mushrooms
Arlette Ophélia Koffi has the aspiration to be the top producer of Ganoderma mushrooms in Africa. She plans to launch her business following a period of incubation in the… Read more »
April 26, 2023
Africa: Nigeria - African Development Bank and Africa Fintech Network Sign $525,000 Grant to Strengthen Development of Fintech in Africa
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a… Read more »
April 24, 2023
São Tomé and Príncipe: Sao Tome and Principe - African Development Bank Holds Civil Society Open Day
The African Development Bank Country Office in Sao Tome and Principe held its maiden Open Day on 23 March 2023 to discuss its country strategy and portfolio, opportunities, and… Read more »
April 20, 2023
West Africa: Côte d'Ivoire - Singrobo-Ahouaty, West Africa's First Private Sector-Financed Hydropower Plant to Supply Electricity to 100,000 Households and Reduce Greenhouse Gas Emissions.
Three years after construction began, the Singrobo-Ahouaty hydropower plant project, located some 150 km north of Abidjan, achieved a completion rate of 78.93% as of end-March… Read more »
April 14, 2023
Mauritania: Mauritanian Waste Collection Company Transforms Into a Profitable Venture From Nothing
Growing up in a humble neighborhood outside Nouakchott, the capital of Mauritania, Lehbib Mohamed El Kory was like many youth in town wasn't expecting much from life. But he… Read more »
April 07, 2023
West Africa: West African Monetary Institute to Receive $8 Million From African Development Fund to Support Enhanced Banking Identification and Financial Sector Efficiency in the West African Monetary Zone
The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system… 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 »
Ghana: Ghana - African Development Bank and Cif Enhance Gender-Responsive Monitoring, Evaluation and Reporting Capacity in Forestry Sector
The African Development Bank and Climate Investment Funds (CIF) held a three-day workshop to enhance in-country gender-responsive monitoring, evaluation and reporting capacity in… Read more »
Senegal: Gender in Focus - African Development Bank's Digital Ambassadors Program Training Boosts Senegalese Entrepreneur Business Performance, Service to Community
Senegalese entrepreneur Fatou Diouf is one of 1,000 youth selected from 21,000 applicants for the African Development Bank's Digital Ambassadors program. Read more »
March 27, 2023
Ghana: African Development Bank Approves $28.49 Million Grant to Enhance Ghana's Universal Electrification Goal
The Board of Directors of the African Development Bank has approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its… Read more »
March 23, 2023
Africa: Mauritania - African Development Bank and BCI Group Sign U.S.$ 485,000 Afawa Technical Assistance Agreement to Promote Financial Inclusion of African Women's Enterprises
The African Development Bank and the Bank for Trade and Industry (BCI) of Mauritania have signed a $485,000 technical assistance agreement for the Affirmative Finance Action for… Read more »
