August 02, 2021
Africa: African Development Bank Highlights the Need for Strategic Partnerships and Innovative Financing Mechanisms to Promote Quality Education and Skills Development
The African Development Bank joined the Global Partnership for Education and other multilateral development banks during the Global Education Summit: Financing GPE 2021-2025, to… Read more »
July 31, 2021
Africa: African Development Bank Launches New Transaction Guarantee to Support SMEs and Trade in Africa
The African Development Bank, through its Financial Sector Development's Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100%… Read more »
Africa: African Development Bank Affirms Commitment to "Closing the Gap" in Financing for Women At United Nations Food Systems Pre-Summit
The African Development Bank has reiterated its commitment to "closing the financing gap" for women and warned of the impact of gender inequality on food systems in Africa. Read more »
July 29, 2021
Africa: African Development Bank Supports Development of Satellite Observations for African Early Warning Systems
The recently released Hydromet Gap Report highlighted weaknesses in Africa's weather and climate observation systems that contribute to a lack of climate data and inadequate early… Read more »
July 23, 2021
Africa: Hundreds Gather for Third Japan-Africa Business Forum, Prelude to Ticad 8
Around 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the… Read more »
Tanzania: Tanzania - Fapa Launches Franchising Project to Bolster Small Enterprises
The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania. The project will promote and model franchising as part of a national… Read more »
July 22, 2021
Seychelles: Seychelles - African Development Bank Approves $20 Million Loan to Support Covid-19 Recovery
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles' Governance and Economic Reforms Support Program,… Read more »
Ethiopia: African Development Bank Group, Ethiopia, Sign $118 Million in Grant Agreements to Support Agro Industrial Park, Youth Employment and Ethiopia-Djibouti Power Interconnection
The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between… Read more »
Africa: African Development Bank Launches $2.75 Billion 0.875 Percent Global Benchmark Due 22 July 2026
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.75 billion 5-year Global Benchmark bond… Read more »
Africa: Fitch Affirms Triple a-Rating of the African Development Bank. Outlook Stable
Global credit rating agency Fitch Ratings has affirmed the African Development Bank's credit rating at 'AAA', with a stable outlook. Read more »
July 21, 2021
Africa: African Development Bank's Extractives Sector Project to Stimulate Domestic Resource Mobilization in Africa's Transitional Countries
The African Natural Resources Centre of the African Development Bank has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at… Read more »
July 19, 2021
Lesotho: Lesotho - African Development Fund Extends $4.25 Million Loan to Modernize Tax Collection, Boost Revenue
The Board of Directors of the African Development Bank Group has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including… Read more »
Africa: Call for Papers--Deadline Extension - 2021 African Economic Conference
The 2021 African Economic Conference (AEC), jointly organized by the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the Economic Commission… Read more »
July 17, 2021
Africa: Close Partnership Between India and Africa Could Improve the Welfare of 2.5 Billion People Post Covid-19, Participants At 2021 Indo-Africa Business Conclave Say
The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis,… Read more »
July 16, 2021
Africa: Fashionomics Africa, Google Train African Fashion Entrepreneurs in Digital Marketing Strategies
The African Development Bank's Fashionomics Africa initiative and Google held a 2-hour virtual masterclass on using digital tools and social media for African fashion… Read more »
July 14, 2021
Africa: Technical and Vocational Institutions Must Build Stem Skills in Africa's Youth - Adea Webinar
The Covid-19 pandemic has accelerated digitization in the workplace, sharpening the need for technical and vocational training aligned with Africa's development needs and youthful… Read more »
Ghana: Ghana - African Development Bank, Koafec Fund Database System to Improve Utility Regulation for the Public Utilities Regulatory Commission
The African Development Bank and the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund have funded a Database Management System (DBMS) to improve the operations and functions… Read more »
Africa: African Development Bank, Partners, Renew Commitment to End Child Stunting in Africa
Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank, the Aliko Dangote Foundation and Big Win… Read more »
July 13, 2021
Africa: Africa's Potential in the Blue Economy Highlighted in the World Water Congress
Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The… Read more »
Africa: The Sustainable Energy Fund for Africa Reports Record Number of Transactions in 2020, Secures $90 Million in New Funding
The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to… Read more »
Ghana: Benin, Cameroon, Ghana and Congo Republic Underline Importance of Regional Integration to Intra-Africa Trade in Wood Products
Regional economic integration can boost trade in wood products among African countries, according to the findings of a new report produced by the African Natural Resources Centre… Read more »
July 12, 2021
Africa: Ghana - African Development Bank Group-Financed Road Interchange Opens, Trade and Incomes Expected Up
A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road… Read more »
July 09, 2021
Africa: First Hydromet Gap Report Calls for Scaled-Up Investments in Weather Forecasts and Early Warning Systems
Hydromet create benefits worth at least ten times their costs and are vital to build resilience to extreme weather Read more »
Sudan: Sudan - African Development Fund $8.56 Million Grant to Boost Resilience to Climate Shocks Boosts, Disaster Risk Management
The Board of Directors of the African Development Bank Group has approved a grant of $8.56 million from the African Development Fund to implement the Africa Disaster Risk Financing… Read more »
West Africa: African Development Bank Group's $6 Million Grant Kicks Off Desert-to-Power West Africa Regional Energy Program
The Board of Directors of the African Development Bank Group has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program.… Read more »
