November 10, 2021
Africa: African Development Bank's Africa Disaster Risk Financing Program Receives $2.5 Million Pledge From United States
The United States Agency for International Development and the U.S. State Department pledged financial support to African Development Bank's Africa Disaster Risk Financing Program,… Read more »
October 27, 2021
East Africa: African Development Bank Approves $10 Million Equity Investment to Boost Cold Storage and Distribution of Food, Pharmaceuticals, in East Africa
The Board of Directors of the African Development Bank has approved an equity investment of $10 million in the ARCH Cold Chain Solutions East Africa Fund (CCSEAF) to support the… Read more »
October 07, 2021
Zimbabwe: African Development Bank Donates Vehicles to Strengthen Disaster Preparedness in Zimbabwe
The African Development Bank handed over a consignment of vehicles, tools and equipment to Zimbabwe officials this week. The vehicles will strengthen the country's capacity in… 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 »
June 29, 2021
Africa: Korea to Channel $600 Million Into Energy Investments Alongside the African Development Bank
The African Development Bank, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million… Read more »
June 04, 2021
Madagascar: Madagascar - WFP to Distribute More Than 800 Tons of Food Funded By the African Development Bank
The African Development Bank Group has provided a grant of $686,000 to the United Nations World Food Program (WFP) which will provide food relief to thousands of people in southern… Read more »
May 12, 2021
Sudan: Sudan - African Development Bank Group Completes Clearance of Sudan's $413 Million Arrears
5th May 2021, Dr. Gibril Ibrahim Mohammed, Sudan's Minister of Finance and Economic Planning, Nnenna Nwabufo,African Development Bank Director-General, East Africa Region, sign… Read more »
February 12, 2021
Africa: African Development Bank's Afawa, African Guarantee Fund, Partner to Unlock $1.3 - $2 Billion in Loans to Women Entrepreneurs
Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program Read more »
January 12, 2021
Africa: Guterres Calls for $100 Billion in Climate Finance to Support Developing Nations
African Development Bank President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions… Read more »
December 16, 2020
Africa: The African Development Bank Secures Nearly $90 Million in New Donor Funds to Transform the Sustainable Energy Fund for Africa
The African Development Bank announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA) during a virtual launch event held on Monday, in which… Read more »
December 01, 2020
Africa: Ten Years After the Inaugural Development Effectiveness Review, the African Development Bank Is Once More Shepherding African Economies Through a Global Crisis
We should be in no doubt that Africa faces its gravest threat in many years, and that national health and social protection systems will be severely tested." Akinwumi Adesina Read more »
November 19, 2020
Sudan: Sudan - $28.233 Million in African Development Fund Grants to Bolster Response to Covid-19
The Board of the African Development Fund on Wednesday approved grants worth $28.233 million to Sudan to shore up the country's health system to effectively respond and contain the… Read more »
October 31, 2020
South Sudan: African Development Bank Group Approves $440,000 Emergency Relief Assistance for Flood Victims in South Sudan and Sudan
The African Development Bank Group has approved an emergency assistance relief package of $440,000 to fund ongoing humanitarian and emergency relief efforts in areas recently hit… Read more »
August 13, 2020
Sierra Leone: $13.5 million project to assist Ebola-hit communities kicks off
The African Development Bank and the government of Sierra Leone have launched a project to support 3,000 Ebola Virus Disease (EVD) survivors and orphans, and other vulnerable… Read more »
July 23, 2020
Malawi: African Development Fund Approves Ua100.4 Million Multi-Country Covid-19 Response Support for Malawi, Madagascar, Mozambique and Sao Tome
The Board of Directors of the African Development Fund (ADF) on Wednesday approved a UA100.4 million (about $138 million) crisis budget support package to four southern African… Read more »
July 04, 2020
Madagascar: African Development Bank Provides $2.13 Million for Farmers to Cover Drought-Related Economic Losses
The African Risk Capacity Insurance Company presented a cheque for $2,126,803 to the Republic of Madagascar to cover anticipated livelihood losses for 600,000 vulnerable Malagasy… Read more »
July 09, 2020
Libya: African Development Bank Grants $0.5 Million Emergency Relief Assistance for Ppe Protection Against COVID-19
The Board of Directors of the African Development Bank have approved a grant of $480,000 to Libya under the Special Relief Fund (SRF) for the procurement of much-needed personal… Read more »
July 06, 2020
Gabon: Covid-19 - « La Banque africaine de développement est la première à répondre positivement à l'appel du Gabon »
Le directeur du Bureau-pays de la Banque africaine de développement au Gabon, Robert Masumbuko répond aux questions sur l’intervention de la Banque africaine de… Read more »
June 30, 2020
Sudan: Development Finance Institutions Commit to Support Sudan's Transformation
Three leading international financial institutions, the African Development Bank, the World Bank, and the International Monetary Fund (IMF), on Thursday pledged multi-pronged… Read more »
June 26, 2020
Africa: Video - AfDB Private Sector VP On Country Needs for Better Economic Stabilization Strategies
Solomon Quaynor, the Vice President of Private Sector, Infrastructure and Industrialization at the African Development Bank, says during the ongoing COVID-19 pandemic, private… 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 24, 2020
Africa: Women At the Forefront of Aid to Countries During COVID-19
Across the development and medical community, experts have acknowledged the disproportionate impact COVID-19 has had on women. Many in Africa work in agriculture and the informal… 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 »
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 $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 »