August 02
Africa: Make Domestic Resource Mobilization Work for Africa's Structural Transformation
The implementation of the United Nations' Agenda 2030 for sustainable development and the African Union's Agenda 2063 hinges on Africa's ability to mobilize sufficient and timely… Read more »
Africa: Scaling Up Financing Is Key to Accelerating Africa's Structural Transformation
The calls for structural economic transformation in Africa date back to the 1960s when newly independent nations aimed to eliminate poverty through economic diversification,… Read more »
August 01
Africa: African Development Bank Invests $20 Million in Infrastructure Fund to Catalyze Continental Development
The African Development Bank has signed a $20 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The deal, signed on 31 July 2024, reinforces the… Read more »
Liberia: Propelling Growth - African Development Bank Reaffirms Support for Liberia Under New Government
African Development Bank Executive Director Rufus N. Darkortey has concluded a five-day working visit to Liberia, where he held high-level discussions with major stakeholders,… Read more »
July 31
Nigeria: African Development Bank Group Approves $500 Million Loan to Boost Electricity Access in Nigeria
The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic… Read more »
July 30
Africa: African Development Bank Launches 54 Country Focus Reports
The African Development Bank Group has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to… Read more »
July 29
Africa: Italy's National Promotional Institution Cdp and African Development Bank to Invest €400 Million in Africa's Private Sector Growth
Italy's National Promotional Institution Cassa Depositi e Prestiti (CDP) and the African Development Bank Group plan to jointly invest up to €400 million over five years, to… Read more »
Comoros: Comoros - African Development Bank Provides $400,000 Emergency Aid for Populations Affected By Flooding and Cholera
The Board of Directors of the African Development Bank Group has approved a $400,000 emergency grant to support the Comoros' response to severe flooding and a cholera outbreak that… Read more »
July 26
Madagascar: Madagascar - African Development Bank Group Supports Public Procurement Reform
The Malagasy government has launched a comprehensive reform of its public procurement system, backed by the African Development Bank and the World Bank. Read more »
Angola: African Development Bank Approves $79 Million Loan to Boost Angola's Youth Employment in Agriculture and Transportation
The Board of Directors of the African Development Bank Group has approved a loan of $79.08 million to the Republic of Angola to promote youth entrepreneurship and employment in the… Read more »
July 25
Guinea: African Development Bank Reaffirms Support for Guinea's Economic Strides
The African Development Bank Group has reaffirmed its commitment to supporting Guinea's efforts to diversify its economy and mobilize domestic resources for crucial development… Read more »
July 23
Ethiopia: Ethiopia - African Development Bank Group Supports Development of National Circular Economy Roadmap
Ethiopia has commenced the process of developing a National Circular Economy Roadmap (NCER), with the support of the African Development Bank. The process officially started on… Read more »
Africa: African Development Bank Expresses Strong Support for AU Peace Fund Revitalization
The African Development Bank has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address… Read more »
Africa: Badea's 50th Anniversary - Leaders Unite to Celebrate Success, Urge Increased Africa-Arab Economic Collaboration
Ghana's President Nana Akufo-Addo and African Development Bank Group head Dr. Akinwumi Adesina joined dignitaries from Africa and the Arab world on Sunday for a 'Leaders'… Read more »
Africa: African Development Bank's Akinwumi Adesina Briefs African Leaders On Bank's Progress in Mobilizing Financial Resources for the Continent
The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank's successes in mobilizing financial resources for the continent's development needs… Read more »
July 19
Africa: African Development Bank's Public Finance Management Academy to Launch Second Cohort of Public Finance Management Executive Training
What: Read more »
July 18
Congo-Kinshasa: African Development Bank Group Grants $260 Million Loan to Strengthen Agricultural Sector and Value Chains
The Board of Directors of the African Development Bank Group approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help finance the Project to Support the… Read more »
Africa: New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing
The United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB), presented today the 2024 Africa… Read more »
South Africa: African Development Bank Approves ZAR 18.85 Billion ($1 Billion) Corporate Loan for Transnet's Business Recovery Plan
The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa's major freight transport and logistics company, for its… Read more »
Zimbabwe: Mozambican Farmers Gear Up for Planting Season With Timely $2 Million Fertilizer Financing Boost
With the planting season fast approaching, Mozambican farmers are busy preparing their fields. Fertilizer is crucial for a successful harvest, and many farmers are lining up to… Read more »
July 16
Africa: African Development Bank's Sovereign Portfolio Retains Top Spot in 2024 Aid Transparency Index
Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank's sovereign portfolio as the most transparent.… Read more »
July 15
Africa: African Development Bank President Adesina to Address 6th Mid-Year Coordination Meeting of the African Union (AU)
What: African Development Bank President Adesina to address 6th Mid-Year Coordination Meeting of the African Union (AU) Read more »
Africa: Boosting African Port Efficiency - Stakeholders Conclude Key African Development Bank Workshop On Connectivity Portal
The African Development Bank has successfully concluded a two-day preparatory workshop on implementing the African Ports Connectivity Portal Project (APC-PP) to improve data… Read more »
July 13
Nigeria: Nigeria's Food Importation Policy Could Destroy Country's Agriculture, Warns Akinwumi Adesina
The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria's government to allow massive food importation risks destroying the… Read more »
July 12
South Sudan: African Development Bank Group Approves $46 Million Grant Funding for Agricultural Productivity, Food Security and Resilience
The Board of Directors of the African Development Bank Group has approved a $46.2 million grant to support the first phase of the Climate Resilient Agri-Food System Transformation… Read more »
