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…
African Development Bank
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…
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…
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…
Egypt expresses support to regional integration
Egypt has affirmed its strong support for the African Development Bank as a development partner and is committed…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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:…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
South Sudan secures $44 funding
The Government of South Sudan today welcomed a contribution of $43.57 million from the African Development Bank for…
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…
Women owned enterprises in Nigeria secure $50 million
The African Development Bank has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to…
African Development Bank, Room2Run securitization model for global lenders
Room2Run, the African Development Bank and partners’ innovative $1 billion synthetic securitization of a portfolio of seasoned African…
Eastern Africa gets strategy to accelerate economic transformation
The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap…
Bank urges Canadian companies to invest in Africa
African Development Bank (AfDB), one of the major development financiers of the continent, urges Canadian business leaders to…