AfDB to help Nigeria develop eight agro-industrial zones
The African Development Bank (AfDB) Group has reached an agreement with participating Nigerian state governments to speed up…
AfDB
African Development Bank invests in Kenyan company
The African Development Bank (AfDB) has made a strategic equity investment of $10 million in Dhamana Guarantee Company,…
Equatorial Guinea enterprises to receive technical assistance
The African Development Bank Group has approved a project to boost local content for micro, small, and medium…
AfDB launches $2 billion 5-year social benchmark transaction
The African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) / AAA (Japan Credit…
African Development Bank provides $8.6 million to South Sudan
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a grant funding of $8.6…
Congo Brazzaville set to realize digital sovereignty
Jolting hammer blows, the sounds of iron bars under a workman’s blowtorch, the odor of fresh cement: at…
AfDB inaugurates regional office building in Cameroon
The African Development Bank (AfDB) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon in a move…
African Development Bank to boost fertilizer production in Nigeria
The African Development Bank (AfDB) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and…
AfDB appointed new private sector development department head
The African Development Bank (AfDB) on Sunday appointed Aida Ngir Ngom as the new Director of its Private…
European Union carbon tax costs Africa $25 billion
Africa could lose $25 billion per year as new European Union (EU) carbon tax comes into effect, warns…
Africa told to protect its interest before engaging with outside world
By Andualem Sisay Gessesse – African countries are told to protect their own interest as a continent by…
Mauritania’s quest for green hydrogen financing
The Mauritanian government has placed green hydrogen as a strategic development opportunity under efforts to position the country…
Cameroon secures €63 million loan for skills improvement
The Board of Directors of the African Development Bank Group has approved a €63.09 million loan to Cameroon…
Africa presents opportunities for Asian investors
Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin…
AfDB to make $11 million investment in BluePeak Private Capital Fund
The Board of Directors of the African Development Bank Group has approved an $11 million equity investment in…
AfDB to boost electricity, transport infrastructure in Africa
The African Development Bank (AfDB) has committed to supporting East African countries to accelerate structural transformation, reinforce resilience,…
Japan provides $350 million private sector loan to AfDB
The African Development Bank (AfDB) and Japan have signed an exchange of notes for an eighth private sector…
AfDB provided $1 billion to African women entrepreneurs
The African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark…
AfDB to make Africa breadbasket investing $10 billion
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts…
Food production in Africa summit to open in Dakar
African heads of state and government together with development partners are set to gather in Dakar, Senegal at…
Accra set to host next African Development Bank annual meeting
Ghana is set to host the African Development Bank Group’s 2022 Annual Meetings from 23-27 May in its…
AfDB set to promote decentralized renewable energy in Africa
African Development Bank (AfDB) joins the $800 million program will help spur commercial and local currency investments to…
AfDB launches Climate Change, Green Growth framework
The African Development Bank Group has launched its Climate Change and Green Growth Framework at the COP26 climate…
Africa suffers $190Bln in loss due to COVID-19 – AfDB
The COVID-19 pandemic has caused $190 billion in losses to the African economy, the president of the African…
African Development Bank launches $463.9 million social bond
The African Development Bank (www.AfDB.org) launched a A$600 million (US$463.9 million) 5.5-year Kangaroo bond, marking its return to…
African Development Bank provides $31 million grant to Ethiopia
The African Development Bank and the Government of Ethiopia have signed an agreement for a $31 million grant…
AfDB named world’s best multilateral financial institution
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development…
African fashion creators get digital marketplace
The African Development Bank’s flagship initiative, Fashionomics Africa, launches launches “game changing” digital marketplace for the continent’s fashion…
Africa renewable energy projects secure $25 million equity investment
The Board of Directors of the African Development Bank (AfDB) Group has approved an equity investment of up…
AfDB, ICRC agree to build resilience of Africa’s transition countries
The African Development Bank Group (AfDB) and the International Committee of the Red Cross (ICRC) agree to accelerate…