South Korea calls for Africa’s universal energy access
The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest city, Busan, on Wednesday with a…
African Development Bank
Unlock Africa’s agricultural potential
By Haile Henok – With over 60% of the world’s uncultivated arable land, Africa holds tremendous potential to…
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…
African Development Bank initiative on IMF Special Drawing Rights gets support
World leaders attending this week’s Summit for a New Global Financing Pact in France praised the African Development…
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,…
Zimbabwe vows to end debt burden
Zimbabwe President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation…
African Development Bank rolls out new whistleblowing policy
The African Development Bank Group has launched a six-month campaign to sensitize its internal and external stakeholders on…
Kenya host electricity on public private partnership meeting
The African Development Bank recently hosted a workshop for stakeholders in Kenya’s energy sector to discuss the new…
African Development Bank certified in gender equality
A year after launching the EDGE certification process, the African Development Bank has attained Level 1 Assess, in…
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…
African Development Bank to develop African pharmaceutical industry
The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for…
African Development Bank opens center of excellence for coding
The African Development Bank has opened a second Information and Communications Technology Centre of Excellence at the United…
African Development Bank approves $50 million to Africa food security
The Board of Directors of the African Development Bank Group approved a dual-currency Trade Finance Line of Credit…
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…
Africa’s economic growth to outpace global forecast
Africa is set to outperform the rest of the world in economic growth over the next two years,…
Africa calls for innovative solutions to fight climate change
The 17th African Economic Conference concluded this weekend with a charge to the development community and governments to…
Achieving zero hunger in Africa within reach
Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. 25-27 January 2023.
African Development Bank partners with UK, London market insurers
The African Development Bank, the UK Government and three globally recognised insurance companies have entered into an innovative…
Abidjan set to host global finance summit
Abidjan the capital of Côte d’Ivoire is set to host a global finance summit that focuses on global…
Africa Adaptation Summit outlines Adaptation Delivery Breakthrough
African and global leaders joined the Africa Adaptation Summit at the Global Center on Adaptation, outlining the most…
Ethiopia to commence selling electricity to Kenya in November
The Ethiopian Electric Power (EEC), the state agency in charge of generating electricity, Ethiopia will start selling electricity…
Cabo Verde becomes Africa50’s 32nd shareholder
Africa50, the pan-African infrastructure investment platform, has welcomed the Republic of Cabo Verde as its newest Shareholder country.
African leaders call for financing to protect the world’s biodiversity
At the Africa Nature Finance Forum, held yesterday on the sidelines of the inaugural African Protected Areas Congress…
President Kenyatta becomes Africa Adaptation champion
Global Center on Adaptation CEO Professor Patrick Verkooijen welcomed President Uhuru Kenyatta of Kenya as the Global Champion…
Organizations venture to mobilize finance for Africa’s infrastructure
The African Development Bank, Africa50, and the newly launched Africa Sovereign Investors Forum (ASIF) have signed a letter…
Africa, Caribbean development banks collaborate
Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier…
Africa’s leading financial institution to avert looming food crisis
The African Development Bank Group’s Board of Directors has approved a $1.5 billion Emergency Food Production Facility to…