Ethiopia, Djibouti secure finance for joint road project
The government of Ethiopia and the African Development Bank Group on Monday have ink a $98 million grant agreement from the African Development Fund (ADF). The funding aims to help … Read More
Tag: African Development Bank
Continental bank launches public, private climate financing for Africa
The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same … Read More
Egypt expresses support to regional integration
Egypt has affirmed its strong support for the African Development Bank as a development partner and is committed to strengthening regional integration, the country’s Prime Minister, Mostafa Madbouly said during a meeting in Cairo with a Bank delegation.
South Korea to partner with Africa on technology
In partnership with the African Development Bank, Korea expressed its readiness to step up technology transfers to Africa, officials said in Seoul today.
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 to $25 million in ARCH Africa Renewable Power Fund (ARPF).
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 gender equality, build resilience, and provide improved economic opportunities in Africa’s transition … Read More
Bankable energy projects in Africa secure funding
The African Development Bank Group (AfDB) has approved a $32.5 million equity investment, which will be directed towards bankable energy projects within Africa.
Meridian gets trade financing for Malawi, Mozambique, Zimbabwe operations
The African Development Bank through its Trade Finance operations has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe.
Kenya secures funding for solar energy development
The African Development Bank Group has approved a $18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project of Kenya.
Burundi, Tanzania secure external finance for road construction
The Boards of Directors of the African Development Bank Group have approved $322.35 million loans and grant to Burundi and Tanzania to finance the Rumonge-Gitaza (45 km) and Kabingo-Kasulu-Manyovu (260 … Read More
African Development Bank announces $500 million sanitation funding
The African Development Bank (AfDB) says putting considerable financial muscle into the global effort to improve toilets, and sanitation in general.
AfDB continues investing in infrastructure private equity
The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3).
African Development Bank launches report on Zimbabwe’s economy
The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal … Read More
African Development Bank launches Africa Energy Portal
The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg, South Africa.
Tokyo to host meeting on Investing in Africa
The African Development Bank is set to organise a seminar focusing on investments in Africa on 29 November 2018 in Tokyo, Japan, in collaboration with Japanese private sector.
African Development Bank to invest $500 million in sanitation
The African Development Bank announces a new initiative to promote innovation and citywide inclusive sanitation services for sub-Saharan Africa’s urban inhabitants.
African Development Bank awards scholarships to students in Mozambique
The African Development Bank and Mozambique’s Lúrio University recently launched the UniLúrio Support to Skills Development for Agriculture and Industry Programme in Pemba, Mozambique.The Bank has also awarded 68 scholarships … Read More
AfDB, Women Entrepreneurs Finance Initiative collaborate
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women Entrepreneurs Finance Initiative (We-Fi).
African countries get climate risk financing, insurance
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional … Read More
Partners to provide E-Learning for African Financial Institutions in Africa
The Trade Finance Division of the African Development Bank and the International Islamic Trade Finance Corporation (ITFC), have teamed up with the International Chamber of Commerce (ICC) to launch a … Read More
Malawi gets 15 million grant for water, sanitation project
The African Development Bank Group, has approved a $15 million grant from the African Development Fund (ADF) for a water supply and sanitation project in Malawi, expected to provide jobs … Read More
Agricultural technology to turn African Savannah into global food basket
The African Development Bank is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution.
South Sudan secures $44 funding
The Government of South Sudan today welcomed a contribution of $43.57 million from the African Development Bank for the implementation of the country’s Short-Term Regional Emergency Response Project (STRERP).
African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a $500 million credit insurance deal structured to cover a portion of the Bank’s … Read More