January 16, 2020
Togo: Trading Thrives As New Highway Financed By the African Development Bank Opens Up Northern Togo
Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling… Read more »
São Tomé and Príncipe: The African Development Bank Signs €6 Million Grant for São Tomé and Principe
The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe. Read more »
January 15, 2020
Africa: African Development Bank Allocates €1.2 Million to Train Policymakers in Boosting Mining Revenues
First beneficiaries: Guinea, Liberia, Niger, Mali, Madagascar, South Sudan, Sierra Leone and Zimbabwe Read more »
Senegal: African Development Fund Board Approves $37.2 Million in Credit Risk Participations By the Private Sector Credit Enhancement Facility for Non-Sovereign Operations in Kenya, Sudan and Senegal
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on January 15, 2020, credit risk… Read more »
Africa: African Development Bank, UN and World Bank Launch 2019 Needs Assessment Report to Spur Economic Recovery
The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. Read more »
January 13, 2020
Africa: African Development Bank Signs Five-Year Agreement to Use International Federation of Consulting Engineer (Fidic) Standard Contracts
The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation… Read more »
Africa: African Development Bank Unveils Policy On Non-Sovereign Operations
The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). Read more »
Africa: African Development Bank Approves €8 Million Technical Assistance Grant to Support Preparation of Ruzizi Iv Hydro Power Project in the Great Lakes Region
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union's Africa Investment Platform (EU-AIP) to support the… Read more »
January 10, 2020
Africa: African Development Bank Sponsored Off-Grid Energy Access Fund Reaches Final Equity Close With Partner Contributions
The Facility for Energy Inclusion's Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt… Read more »
January 07, 2020
Africa: African Development Bank Approves $20 Million Investment in Metier Fund to Support Renewable Energy in Sub-Saharan Africa
The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to… Read more »
December 23, 2019
Africa: Funding Options for African Countries Hit By Climate Change - Africa Climate Change Fund Shows Results
The debate around climate change often focuses on the targets that need to be achieved. Read more »
Tanzania: African Development Bank's $55 Million Facility to Jumpstart Private Sector-Led Economic Growth
The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania's economic competitiveness and private sector… Read more »
Africa: Ecowas Endorses Adesina for Second Term As President of the African Development Bank
The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the… Read more »
Africa: 'Let West Africa's Success Echo Throughout the World.' Ecowas Hails the Success of African Development Bank Investments in the Region
The African Development Bank's investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude… Read more »
Africa: Global Gender Summit 2019 - Climate Investment Funds Can Cushion Women From Adverse Effects of Climate Change
Gender-sensitive climate action can help reduce women's vulnerability to climate change, according to experts. Read more »
Africa: Sudan - African Development Bank Approves $21.783 Million Grant for Roll Out of Solar-Powered Irrigation
The African Development Bank's Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country's West… Read more »
December 20, 2019
Africa: Looking Back At 2019 - Key Moments
The year 2019 was a year of exciting firsts for the African Development Bank Group. The year was marked by innovation and several new milestones that brought us closer to the… Read more »
Africa: Getting Onboard - A New Highway Along the Nigeria-Cameroon Border Is Helping Women Commuters and Villagers All Around
Women commuters along the Nigeria-Cameroon border are breathing a sigh of relief. Read more »
December 19, 2019
Tunisia: African Development Bank Briefs Staff and Stakeholders On Independent Review Mechanism At Anti-Corruption Day
An outreach session on the African Development Bank's Independent Review Mechanism (IRM) took place in Tunis on 11 December 2019. Read more »
Africa: African Development Bank Lends $272 Million for Construction of Msalato International Airport
The Board of Directors of the African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. Read more »
Sudan: African Development Bank Approves $60 Million Loan to Support Elnefeidi Group's Agricultural Expansion
The African Development Bank's Board of Directors has approved a $60m loan to Elnefeidi Group Holding Company to help finance its long-term agriculture and food expansion… Read more »
December 18, 2019
Africa: Multilateral Development Banks Pledge to Step Up Support for Forcibly Displaced Populations At Global Refugee Forum
Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of… Read more »
Africa: Cop 25 - After Renewable Energy, What Else Can Salvage Climate Change? African Development Bank Presents Update On Adaptation Benefits Mechanism
Three decades ago, renewable energy was considered too futuristic. The idea of plugging a car into a wall socket was unthinkable. Read more »
December 17, 2019
Madagascar: African Development Bank Approves Guarantee of $100 Million to Hydro-Power Project, to Benefit Over 2 Million People
The Board of Directors of the African Development Bank has approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar, which… Read more »
Burundi: African Development Bank's Sefa Grants $1 Million to Support Innovative Solar-Hydro Hybrid Project
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a $990,000 grant to support the preparation of a 9-MW solar-hydro hybrid project in… Read more »