June 26, 2020
Africa: International Community Shows Strong Support for Sudan With $1.8 Billion Pledge
Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African… Read more »
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 »
Gabon: African Development Bank Approves 100.5 Million Euros Budget Support for COVID-19
The Board of Directors of the African Development Bank has approved a 100.5 million euros loan to the government of Gabon as budget support to mitigate against the effects of the… Read more »
Africa: African Countries Making Headway in Tackling Tax Evasion and Money Laundering, 2020 Tax Transparency Report Says
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax… 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 »
Rwanda: African Development Bank Awards $1.1 Million Grant to Expand Meat Production
The Board of Directors of the African Development Bank have approved a grant of $1.1 million to Rwanda for the implementation of the country's Meat Value Chain Trade… Read more »
June 24, 2020
Africa: African Development Bank Ranks 4th On Global Index of Transparency
Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent… Read more »
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 »
South Africa: Infrastructure Symposium "Is Laying a Path for South Africa After Coronavirus, but Also Way Into the Future." - President Ramaphosa
South African President and African Union Chairperson, Cyril Ramaphosa today hosted a historic conference to spur infrastructure investment in his country and inspire similar… Read more »
Africa: Building the Momentum to Enhance Private Sector Participation in Climate Change and Green Investment in Africa
What: Consultation workshop to showcase options for private sector investments in climate change 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 »
June 22, 2020
Africa: African Development Bank's Rating Affirmed by S&P
The rating agency positively assessed the Bank's very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder… Read more »
Africa: Africa's Agriculture Value Chains Must Go Digital to Transform Production - Webinar
Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted… Read more »
Africa: How Rwanda Is Spurring a Generation of Women in Technology
Rwanda is renowned as a pioneer for gender equality. Read more »
Africa: A Launch of Africa Initiative's Tax Transparency in Africa 2020 Report
What: Live event for the Launch of the Tax Transparency in Africa 2020 Report Read more »
June 19, 2020
Africa: Video - An Unprecedented Pandemic Requires Unprecedented Support, AfDB VP Says
The Covid-19 pandemic is poised to have widespread impacts on African economies, with experts estimating that the continent could see an average 1 to 3 percent drop in GDP. Read more »
June 18, 2020
Egypt: Infrastructure Fund Africa50 Helps Egypt's Solar Power Sector Take Off
Aerial view of the Benban solar power plant (credit: Scatec Solar) Read more »
June 17, 2020
Africa: The Independent Review Mechanism Hosted a Virtual Outreach With Civil Society Organizations
The Compliance Review and Mediation Unit (BCRM), the Secretariat of the Bank's Independent Review Mechanism (IRM), organized an information webinar for civil society organizations… Read more »
Africa: The Relevance of Digital Skills in the COVID-19 Era
The COVID-19 global pandemic has changed how the world functions, illustrating the limitations of many existing systems and highlighting the need to reimagine the role of… Read more »
South Sudan: African Development Bank Approves $4 Million Grant to Bolster South Sudan's COVID-19 Response
The Board of Directors of the African Development Bank on Wednesday approved a UA 3 million ($4.16 million) grant to South Sudan to support the emergency response to COVID-19 and… Read more »
Egypt: African Development Bank Approves 225 Million Euros Budget Support Loan for Electricity Sector to Bolster Economic Resilience and Sustainability Amid COVID-19
The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt's Electricity and Green Growth Support Program (EGGSP). The… Read more »
June 16, 2020
Africa: Integrity in Development Projects - The African Development Bank Debars Sieyuan Electric and Subsidiaries for Fraud
Pursuant to a settlement agreement between the African Development Bank and Sieyuan Electric, the company will be debarred for 12 months. Jiangsu Rugao, a Sieyuan subsidiary, will… Read more »
June 13, 2020
Africa: African Development Bank COVID-19 response - Moving from commitment to action
The African Development Bank has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. Read more »
June 12, 2020
Egypt: Egyptian Refining Company Unlocks Industrial Potential and Uplifts Communities
Eyes glued to screens and flashing lights in the control room, Mohamed Said Amer, a 32-year-old operations field engineer at the Egyptian Refining Company (ERC), a greenfield… Read more »
