Egypt’s largest wind energy project secures $170 million
The Board of Directors of the African Development Bank has approved a loan of up to $170 million…
African Development Bank
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…
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…
African Development Bank grants $67 million to Madagascar
The Board of Directors of the African Development Bank Group this week approved a loan of $67.3 million…
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…
Togo secures funding for agro-food processing zone
The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a loan of US $26.55…
Africa sustainable development report launched in New York
The United Nations Development Program (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development…
African Development Bank applauds Cabo Verde’s tech park
A high-level donor delegation that included the African Development Bank has expressed strong admiration for the Cabo Verde…
How Ethiopia’s electric vehicle revolution paves sustainable future
By Henok Tadele HAILE – In the heart of East Africa, a green revolution is quietly unfolding. Ethiopia,…
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…
Most African economies set to experience stronger growth
African economies remain resilient, despite challenges that are testing economies worldwide with of the economies set to experience…
African Development Bank outlines 2023 Dakar 2 Summit
Since the Dakar 2 Summit, six African countries have set up Presidential-level Councils to drive implementation of the…
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…
African Development Bank chief calls for balanced media coverage of Africa
The President of the African Development Bank Group, Dr Akinwumi Adesina, delivered an impassioned plea for more balanced…
Africa’s $824 billion debt burden hinders its economic potential
Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’…
Partnership to connect 300 million to electricity by 2030
The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide 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 conducts agribusiness meeting In Nairobi
The African Development Bank concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led…
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…
EC, African Development Bank unlock funding for infrastructure
On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group…
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…
Uganda secures $253 million funding for road construction
The Board of Directors of the African Development Bank (AfDB) Group approved a loan of $252.83 million to…
Africa has no excuse to remain poor, AfDB
With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant…
Kenya secures €101 million to boost electricity access
The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved a €101.10 million loan…
AfDB urges Ethiopia to release its ‘illegally arrested’ staff
The African Development Bank (AfDB) urges the Government of Ethiopia to release its two illegally detained staff members.
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…
Marrakech to host major African investment marketplace
The tourist city of Morocco, Marrakech, is set to host the major African investment marketplace, Africa Investment Forum,…
Why Ethiopia’s reliance on Djibouti Port is unsustainable
In this article the contributor argues that Ethiopia’s reliance on Djibouti Port is unsustainable due to “outrageous costs…