December 21, 2023
Africa: Across 2023 the African Development Bank Group Spearheaded a Range of Exciting and Innovative Initiatives to Grow Africa's Economies.
Billions of dollars were provided by the Bank Group and its development partners to battle food insecurity, address climate change, promote renewable energies, and improve… Read more »
Africa: COP28 - Four African Journalists Look Back At Their First World Climate Event
Thanks to financial support from the African Development Bank and the United Nations Economic Commission for Africa, the Africa 21 Association was able to invite a delegation of… Read more »
Africa: Circular Economy - Connecting the Dots Between Climate Change, Resilience, and Opportunities in Africa
When it comes to climate change and Africa, the usual narrative revolves around the increasing vulnerability of the continent to the negative effects of climate change. Read more »
Burkina Faso: Burkina Faso - The African Development Bank Supports Training for Design Engineers at the ISGE
Twenty-four-year-old Josias Idani is looking forward to his career with confidence. Following his studies, which led to a design engineer diploma in June 2023, he now nurtures his… Read more »
Africa: African Development Bank President Wins Obafemi Awolowo Leadership Prize
The President of the African Development Bank Group, Akinwumi Adesina, has been awarded the prestigious Obafemi Awolowo Prize for Leadership. Read more »
Africa: COP28 - 'Climate Justice Needs Language Justice!' Says OIF
French-speaking countries in Africa face two injustices in climate negotiation bodies. On the one hand, they are on the continent that is most vulnerable to climate change while… Read more »
December 20, 2023
Ethiopia: African Development Bank Group's International Staff to Leave Ethiopia Over Serious Diplomatic Incident
The African Development Bank has decided to withdraw all its international staff from Ethiopia immediately. The office will remain open under an Officer-in-Charge. Read more »
December 19, 2023
Africa: Egyptian Officials Extol African Development Bank Financing Instrument's High Impact
The African Development Bank has received praise for financing a multi-million-dollar life-changing sanitation project in Upper Egypt that will provide potable water to thousands… Read more »
Central Africa: Zimbabwe - African Development Bank Approves $25 Million Trade Finance Line of Credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to… Read more »
Africa: Africa Union Ready to Support Member States to Advance Land Policies Aligned With the African Continental Free Trade Area's Objectives
At the conference convened in Addis Ababa, Ethiopia from 21-24 November 2023 under the theme, "Promoting Sustainable Land Governance in Africa for Accelerating Implementation of… Read more »
December 18, 2023
Mali: Desert to Power Initiative - African Development Fund Approves Nearly $303 Million for Mauritania-Mali Electricity Interconnection Project
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $302.9 million loan co-financing for a… Read more »
West Africa: African Development Bank and West African Civil Society Institute Sign Landmark Agreement to Strengthen Capacity of Civil Society Organizations
The African Development Bank and the West African Civil Society Institute (WACSI) today signed a Memorandum of Understanding (MoU) marking a significant step in their commitment to… Read more »
Africa: Multinational - African Development Bank's Sefa to Provide $9.72 Million to Modernise the African Hydropower Fleet
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a $9.72 million grant to scale up the Africa Hydropower Modernisation Programme (AHMP),… Read more »
Africa: African Development Bank Urges Inaugural Graduates of Public Finance Management Academy for Africa to Champion Accountability and Transparency
"Africans must unite to mobilise and effectively manage the resources needed to increase productivity and create wealth in Africa for Africans," says Vice President Urama Read more »
Africa: Africa Gets Shot in the Arm As African Pharmaceutical Technology Foundation Gets Underway
Africa's efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation… Read more »
Morocco: The African Development Bank Mobilizes €246 Million for the Construction of the Guercif-Nador Highway
Financing Read more »
Malawi: Malawi - African Development Bank Approves Usd 7 Million Trade Finance Transaction Guarantee Facility for NBS Bank to Support SMEs and Local Corporates
The Board of Directors of the African Development Bank Group on Monday, 4 December 2023 approved a USD 7 million Trade Finance Transaction Guarantee facility for NBS bank in Malawi… Read more »
December 15, 2023
Africa: African Development Bank Appoints Richard Kwaku Ofori-Mante As Director of the Agricultural Finance and Rural Development Department
The African Development Bank has appointed Richard Kwaku Ofori-Mante, a Ghanaian national, as Director of the Agricultural Finance and Rural Development Department. Read more »
Africa: Atidi Becomes Partner of the Lusophone Compact
The African Development Bank Group and ATIDI, the pan African multilateral insurer, have signed an agreement making the insurer a strategic partner of the Lusophone Development… Read more »
Africa: The African Development Bank Appoints Armand Nzeyimana Director of the Development Impact and Results Department
The African Development Bank Group has appointed Armand Nzeyimana as Director of the Development Impact and Results Department, effective 16th November 2023. Read more »
Africa: African Development Bank Approves a U.S.$ 175 Million Facility for United Bank for Africa (UBA) to Support Private Sector and Infrastructure Development.
The Board of Directors of the African Development Bank Group today approved a $175 million financial package for United Bank for Africa (UBA), comprising $100 million in long-term… Read more »
Africa: African Development Bank Appoints Ramzi Mohammed Ali As Director of Staff Welfare Services, Compensation and Employment Policy Department
The African Development Bank has appointed Ramzi Ali, a national of Saudi Arabia, as Director of the Staff Welfare Services, Compensation and Employment Policy Department. Read more »
Africa: COP28 - African Development Bank Food and Climate Initiatives Align With Global Declaration On Food-Related Emissions and Food Systems Transformation
The first global declaration on curbing emissions from food production was signed by 134 countries, including 25 African countries, at the COP28 climate summit in Dubai, putting… Read more »
Cameroon: Cameroon - African Development Bank Grants a Loan of Eur 74 Million for Electricity Sector Reforms to Facilitate Universal Access to Power
The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the… Read more »
December 14, 2023
Africa: COP28 - Norway Bolsters Africa's Climate Defenses With $6.5 Million Disaster Financing Pledge to African Development Bank
Norway becomes the fifth donor country to Africa Disaster Risk Financing Programme Multi-Donor Trust Fund Read more »
