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Ethiopia

Revenue collection increases significantly in Ethiopia – AfDB reveals

Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources. These findings were revealed at a workshop hosted...
African Development Bank

We-Fi: Heads of state brainstorm over ways of supporting women entrepreneurs ...

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi)...
B Af D E F Bb B

AfDB okays $150m investment package for Infrastructure Credit Guarantee Company

The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through...
Canada

AfDB applauds Canada’s US$1.1 bn pledge in callable capital support

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African...
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AfDB and Microsoft outdoors All-female Coding training in Nigeria

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

AfDB okays US$20 million investment in Uhuru Growth Fund

The African Development Bank has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited,...
The African Development Bank

AfDB & ATI’s support to South Sudan leads to US$ 27.62m in commercial risk...

South Sudan has this month realised a record $27.62 million in commercial risk insurance cover through the efforts of the South Sudan government, the...

AfDB unveils pilot phase of Adaptation Benefits Mechanism

African Development Bank has taken another giant step by launching pilot phase of Adaptation Benefits Mechanism. The Adaptation Benefits Mechanism (ABM) is an...
Afdb African Development Bank X

AfDB launches €1 billion 10-year Global Benchmark due 21 March 2029

The African Development Bank, rated Aaa/AAA/AAA by Moody’s/S&P/Fitch, has successfully priced a EUR 1 billion 10-year Global Benchmark, due 21 March 2029, its first...
AfDB

AfDB Pledges to Provide continuing Funding for Climate from 2020

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

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

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...
afdb

Governors Hail AfDB’s Transformative Plan for Africa

About 370 transformative bank projects worth $11.3bn were undertaken by the African Development Bank Group (AfDB) in the African region between 2010-2017. In 2018 alone,...

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

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...
AfDB

AfDB begins study to link Cameroon, Chad by railway

Officials of African Development Bank (AfDB) said Friday studies were under way to construct a railway to link Cameroon and Chad. "There are three major...
Mothers-and-malnutrition

AUC, AfDB design special ways to trace nutritional growth

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

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 & Entreprenarium to support 200 women entrepreneurs in Kenya

A third round of two-week masterclasses on entrepreneurship, business development and financial management for women entrepreneurs organized by the African Development Bank in partnership...

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

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

African road safety leadership program: To help reduce rampant road-crashes.

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank), in collaboration...
Senegambia Bridgevideo

The Gambia opens bridge to connect north and south Senegal

The Gambia inaugurated on Monday Senegambia Bridge which links the northern and southern parts of Senegal at a ceremony attended by Gambian President Adama...

Akufo- Addo masks AfDB Plaque to Mahama school at Antieku

President Akufo-Addo has provoked yet another backlash after he allegedly plagiarized another infrastructural project which was completed by his predecessor, as his personal brainchild. Last...

AfDB Eager To Fight Against Climate Change In Africa

The curtain has fallen on COP24, this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement...

AWF Commended For Delivering Its Mandate Since Its Inception

The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The...
The World Bank

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

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 Introduces Maiden SOFR-linked Transaction In Green Bond Market

The African Development Bank has been rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million three-year and US$ 100 million...
AfDB

AU, AfDB Loud African Countries for Openness

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...

AFAWA signs agreement with We-Fi to unlock Financial opportunities to women

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women...

AfDB Moves To Boost Climate Risk Financing & Insurance for African Countries

The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and...

Africa spends an estimated US$35 billion per year on importing food

The African Development Bank is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle...