Twelve international organizations are set to assist developing countries to build resilience against the impact of natural disasters caused by…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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