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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...

French Development Agency supports African SMEs with US$30 million

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The French Development Agency (AFD) is to provide about US$30 Million through the African Guarantee Fund for Small and Medium-Sized Enterprises (AGF), to improve...
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,...

Africa Investment Forum ends with US$40.1 billion deals secured

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The second Africa Investment Forum ended on a high note, Wednesday, with 56 boardroom deals valued at US$67.6 billion tabled - a 44 per...

Ghana and African Development Bank sign $600 million cocoa loan

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Ghana Cocoa Board (Cocobod) and the African Development Bank on Tuesday signed a $600 million receivables-backed term loan facility for the development of the...
President Nana Addo Dankwa Akufo Addo

Ghana signs US$2.6 billion Agreement for Accra Skytrain project

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The Government of Ghana on Monday signed a USD 2.6 billion Concession Agreement with South African firm African Investment (AI) SkyTrain Consortium to construct...

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...
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...

Global Gender Summit slated for 25 – 27 November 2019

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The African Development Bank and the Republic of Rwanda has announced that the next Global Gender Summit will take place 25 – 27...

G5 Sahel heads of State support Desert to power initiative

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G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa...

AfDB unveils US$ 2 billion 1.625% Global Benchmark due 16 September 2022

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The African Development Bank, rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September...
Afdb

International Financial Institutions:To hold 20th annual meeting from 11 to 13 September 2019

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The Corporate Secretaries of International Financial Institutions (IFIs) will hold their 20th annual meeting from 11 to 13 September 2019 at the headquarters of...

AfDB grabs prestigious procurement silver award

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The African Development Bank has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body...

AfDB $13 billion investment in Southern Africa yielding positive results

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The African Development Bank’s $13 billion investment in Southern African region since 2012 is delivering strong results across countries, the Bank’s President, Akinwumi Adesina...

AfDB welcomes Fitch’s affirmation of AAA Rating

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Rating agency, Fitch has affirmed AAA for the African Development Bank (AfDB), with a stable outlook on improved assessments, qualifications and estimates. The...

Gambia grabs $3 million grant from AfDB

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The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable...

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...

AgriPitch Competition:CEO of Goshen farm grabs $25,000

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A veteran exporter of Kenyan fresh fruits and vegetables and a young South African farmer specialising in the design, provision...

Central Africa to benefit African Continental Free Trade Area

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Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank shows. Hanan Morsy, Director...
Afdb African Development Bank X

S. African environment advocates demand zero greenhouse emissions in investment

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Environment advocates on Saturday marched to the African Development Bank (AfDB) office in Johannesburg to demand the bank publicly commit to 100 percent renewable...
Proposed Transaqua Navigable Canal to Refurbish Lake Chad in blue

Nigeria Working to Save Lake Chad

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May 20, 2019 Nigerian Water Minister Adamu’s ‘Battle To Reclaim Lake Chad’ May 16, The {Daily Trust} of Nigeria has published an article on the efforts...
Mapping Africa

Major pan-African institutions crafting guideline on land-ethnicity-conflict nexus in Africa

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The African Union (AU), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB) are jointly crafting guidelines addressing the...
Ethiopia

Revenue collection increases significantly in Ethiopia – AfDB reveals

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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 ...

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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

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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

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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

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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...