Trading opens up northern Togo
Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come … Read More
Tag: African Development Bank
Namibia gets $129 loan to boost economy
The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance the Namibia Economic Governance and Competitiveness Support Programme, EGCSP.
Sierra Leone’s new road cuts travel times, transforms lives
For truck driver Joseph Turay, navigating the 120 km Matotoka-Sefadu road in northeastern Sierra Leone used to be a nightmare. On average, he spent between five hours to one day … Read More
Displaced populations secure support at Global Refugee Forum
Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of sectors and policy instruments.
Developing countries set to build extreme weather resilience
Twelve international organizations are set to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather.
IMF to provide seven-fold finance to Ethiopia
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.
Forum to mobilize billions of dollars for Africa’s infrastructure
The biggest forum set to take place next month in Johannesburg, South Africa aims to raise billions of dollars of investments towards 24 African countries infrastructures development.
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
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.