July 25, 2018
Africa: The Facility for Agricultural Finance in Africa Receives Fapa Donors' Approval Seal
Despite this potential, the sector substantially lacks financial investment. The share of commercial bank lending to agriculture remains very low, ranging from 3% in Sierra Leone,… Read more »
Africa: Africa Investment Forum - African Development Bank and Partners to Discuss Key Roles in Accelerating Africa's Investment Opportunities
The African Development Bank will on 25 July 2018, host a discussion on "Attracting Private Sector Investment into Africa" along BRICS Business Forum, and in collaborating with the… Read more »
July 24, 2018
Uganda: Consortium Delivers Bujagali Refinancing to Reduce Ugandan Electricity Costs
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than USUS$400 million loans of Bujagali Energy Limited… Read more »
July 23, 2018
Africa: In Kenya, African Development Bank Marks a Milestone in Financing Clean Energy On the Continent
Excited by the success of the Menengai geothermal power projects in Kenya, African development Bank plans to increase the share of its clean energy-financing portfolio to 100%. The… Read more »
Africa: Development in Action - Expansion of Nairobi's Outer Ring Road Reduces Traffic Congestion, Public Commute Times
Commuting time reduced from 2 hours to 10 minutes Read more »
Cape Verde: Water Project in Cabo Verde Saves Communities, Transforms Livelihoods of Women
A water irrigation and supply system funded by the African Development Bank has transformed the lives of rural farming communities in Cabo Verde's Santiago Island, sparing farmers… Read more »
North Africa: Africa Investment Forum Road Show in North Africa
the African Development Bank will present the Africa Investment Forum (AIF), the largest investment market in Africa, in North Africa. The Bank is championing the continent's… Read more »
July 20, 2018
Uganda: SME's Will Benefit From a Us$20-Million African Development Bank Loan to Uganda Development Bank
The African Development Bank has approved a US$20 million loan to the Uganda Development Bank Limited (UDBL), the first development finance institution established by the… Read more »
Africa: Trade Finance - African Development Bank Approves U.S.$ 250-Million Risk Participation Agreement With Absa
The Board of Directors of the African Development Bank on Wednesday, 18 July 2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. Read more »
Africa: Tanzania to Receive U.S.$ 123 Million African Development Bank Loan to Finance Power Transmission Line Project
The African Development Bank approved on Friday 20 July 2018, a loan of US$ 123.39 million to the United Republic of Tanzania to finance part of the country's North- West Grid 400… Read more »
July 19, 2018
Africa: Africa50 Meeting - Kenyatta and Adesina Call for Accelerated Private Sector Investment in Infrastructure
President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa's growth agenda. Read more »
Africa: President Adesina in Kenya to Support Africa's Investment Agenda
The President of the African Development Bank, Dr Akinwumi Adesina is in Kenya on a state visit from -19-21 July 2018 to participate in high-level activities aimed at strengthening… Read more »
July 18, 2018
Namibia: Namibia Secures Zar 3 Billion Budget Support Loan From African Development Bank
The Board of Directors of the African Development Bank has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia's Economic Governance and… Read more »
South Africa: African Development Bank Approves South Africa Country Strategy Paper
The African Development Bank has approved a string of measures aimed at supporting South Africa's economic development ambitions as an upper Middle-Income Country. Read more »
Africa: African Development Bank and Portuguese-Speaking Countries Sign Declaration to Spur Economic Development in Lusophone Africa
"Compact" seeks to attract increased private investment opportunities Read more »
Cape Verde: Cabo Verde - African Development Bank Approves €20 Million for Private Sector Competitiveness & Local Economic Development Program
The Board of Directors of the African Development Bank has agreed to award to the Republic of Cabo Verde, a €20-million loan to finance the first phase of the country's… Read more »
Africa: Remembering Nelson Mandela At 100
Nelson Rolihlahla Mandela, fondly known as Madiba which in Xhosa means "Father of the Nation", would have been 100 years old today. The African Development Bank recalls the life,… Read more »
July 17, 2018
Africa: African Development Bank Development Evaluation Week 2018
Africa's ambitious transformation agenda cannot be achieved without effective monitoring and evaluation at the national, regional and continental levels. Monitoring and evaluation… Read more »
Africa: African Development Bank Convenes Pre-Ticad Energy Sector and Africa Investment Forum Seminar in Japan
The African Development Bank will on 2 August, 2018 organize a seminar on Africa's energy and investment potentials in Tokyo, Japan. Read more »
July 16, 2018
Africa: African Development Bank Commends Afreximbank's Efforts to Advance Intra-African Trade
"Africa is in a hurry because it is hungry for economic transformation. We must move quickly from old methods of intervention in dealing with emerging challenges and taking… Read more »
July 13, 2018
Africa: African Development Bank and Afreximbank Sign Strategic Factoring Project to Support African SMEs
The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance… Read more »
Africa: African Legal Support Facility and African Natural Resources Centre Strengthen Capacity in Negotiating Fisheries Agreements and Licences
The African Legal Support Facility (ALSF), in partnership with the African Natural Resources Centre of the African Development Bank, recently held a capacity development workshop… Read more »
July 12, 2018
Africa: Transforming Power Utilities By Mainstreaming Smart Grids
The 2018 edition of African Power Utilities CEO Leadership Forum took place in Cairo, Egypt, 9-10 July 2018, focusing on "Deployment of Smart Grids, Opportunities, Challenges and… Read more »
July 11, 2018
Tanzania: Tanzania's Economic Reform Program Receives African Development Bank's Support
Tanzania's ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African… Read more »
Africa: Deepening Africa's Financial Systems - African Development Bank Promotes SMEs Access to Funds
The African Development Bank has approved an additional US$10 million equity investment in the African Guarantee Fund for SMEs. This support will enable the Fund to continue… Read more »