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AfDB blueprint on addressing human capital gap lauded at AU event

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Speakers at a side event of the 33rd African Union (AU) summit in Ethiopia's capital Addis Ababa have lauded the latest report of the...
President of African Development Bank Akinwumi Adesina (R) shakes hands with Bank of Industry of Nigeria Chief Executive Officer Olukayode Pitan during the launch of the Global Gender Summit in Kigali, capital of Rwanda, Nov. 25, 2019. The AfDB launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. (Xinhua/Cyril Ndegeya)

58.5 million children in Africa suffering from stunting – Akinwumi Adesina

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Around 58.5 million children in Africa are suffering from stunting, creating an adverse impact on the continent's economic potential, the Africa Development Bank (AfDB)...

Finance Ministry, AfDB sign loan agreement for Eastern Corridor roads

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The Ministry of Finance, on Wednesday, signed a loan agreement of $81.67 million with the African Development Bank (AfDB) to roll out...
AfDB

AfDB sponsored Off-Grid Energy Access Fund reaches final equity close

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The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital...
Afdb African Development Bank X

AfDB urges Zimbabwe to continue with economic reforms

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The African Development Bank (AfDB) on Thursday urged Zimbabwe to continue implementing reforms to ensure macro-economic stability in the country. "We urge...
Regus Offers Ghana Workers Free Flexible Workspace to Lessen the Environmental Impact of Long Commutes

Why African investors need to venture into the fast-growing flexible workspace industry

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Francis Kariuki, recently a former Head of Operations at a flexible workspace (also known as a coworking space) in Kenya sits across from me...
Africa-China

Africa benefits from Chinese engagement in replicating China’s socioeconomic successes

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Ethiopia and fellow African countries have benefited a lot from Chinese engagement amid their crucial need to replicate China's success across socioeconomic development arenas,...
AfDB

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...
Afdb African Development Bank X

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...

Investing in Portuguese-Speaking Africa: The moment is now

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Economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area - are making...
Afdb African Development Bank X

Burkina Faso obtains multimillion-dollar loan from AfDB for agricultural project

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Burkina Faso on Wednesday obtained a mixed loan and grant financing up to a total amount of 21 billion CFA francs (about 35.15 million...
AfDB

UK reviews support for AfDB

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The UK government is reviewing the effectiveness of the Department for International Development’s (DFID) financial support to the African Development Bank (AfDB) to reassess...

UN,AfDB High-Level Meeting Calls for Speed and Action on SDGs

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An estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on...

AfDB President calls for de-risking of loans to youth businesses

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President Adesina of the African Development Bank has made a clarion call to global investors, political leaders and the business community “to put...
AfDB

AfDB supports Senegal Gov’t with €60 million

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The Board of Directors of the African Development Bank has approved a loan of €87 million to the government of Senegal, to implement...

AfDB supports Mozambique with $50million for post-cyclone relief

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An international pledging conference to finance the reconstruction of parts of cyclone-hit Mozambique took place in the city of Beira on 31 May and...
AfDB

AfDB debars Nigerian construction firm for 3 years over fraudulent practices

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The African Development Bank Group on 3 June 2019, announced the debarment of Qualitrends Global Solutions Nigeria Limited, a construction company registered in Nigeria,...
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AfDB and Microsoft outdoors All-female Coding training in Nigeria

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One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African...
Afdb

Nigeria’s slow economy drags West African countries down – AfDB

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Although West Africa economy is forecast to improve in the near term, with regional growth projected to average about 3.6 percent in 2019 and...
AfDB

AfDB Pledges to Provide continuing Funding for Climate from 2020

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The African Development Bank will double its climate finance commitments for the period 2020-2025. Dr Akinwumi A. Adesina, the Bank's President announced Thursday at...
AfDB

AfDB earmarks 25 Billion Dollars for Climate Change Fight

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The African Development Bank (AfDB) announced on Thursday it would provide 2.5 trillion shillings (25 billion U.S. dollars) over the next five years to...
AfDB

AfDB AGM to be Hosted by Equatorial Guinea

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Equatorial Guinea will host the African Development Bank’s next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the...

Equatorial Guinea : Ready to host AfDB’s 2019 Annual Meetings in Malabo

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Equatorial Guinea will host the African Development Bank’s next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the...
Mothers-and-malnutrition

AUC, AfDB design special ways to trace nutritional growth

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The African Union Commission (AUC), the African Development Bank Group (AfDB) and global partners have launched the Continental Nutrition Accountability Scorecard to raise awareness...

By 2020 Africa Would Have Its Working-Age Population At 1 Billion

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Africa's working-age population is expected to rise from 705 million in 2018 to nearly 1 billion by 2030, leading to higher unemployment in the...

AfDB approves US$12.6m to finance study on Abidjan-Lagos Corridor Highway

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The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study...
Nigerian Economy

AfDB Okays US$14.12 million to support Nigeria’s membership in ATI

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The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership...
global energy

Energy experts to unlock energy & business opportunities across African continent

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The Africa Energy Indaba is the continent’s premier energy conference and exhibition: bringing together leading African and global energy players to unlock energy and...
The World Bank

Zimbabwe hopes to settle World Bank, AfDB debt by Close of 2019

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Zimbabwe hopes to have cleared its US$1.8 billion arrears to the World Bank and the African Development Bank (AfDB) by end of next year,...
AfDB

AU, AfDB Loud African Countries for Openness

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The African Development Bank (AfDB) and the African Union (AU) on Wednesday commended African countries as they are becoming more open to each other. Reiterating...