AfDB Archive

Africa Investment Forum: All Set to Tilt the Tide of Investments into Africa

Forum to advance projects to bankable stages, raise capital, and accelerate financial closure of deals   JOHANNESBURG, South Africa, 05 November, 2018 – The Africa Investment Forum kicked off on Monday with a media briefing in the South African capital. The game changing event, aimed at attracting multi-billion-dollar deals across the continent, is set to

AfDB, Nordic Development Fund, Global Environment Facility and Calvert Impact Capital partner in US $55-million investment into Off-Grid Energy Access Fund

Abidjan, Côte d’Ivoire, January 4, 2018 – On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (“FEI OGEF”). This follows the approval of additional investments of US $10 million from Calvert Impact Capital (CIC), US $8.5 million from the Global Environment

AfDB and WWF agree to focus on conservation, energy and agriculture

Abidjan, Côte d’Ivoire, 30 November 2017 – The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement. The agreement comes on the heels of a three-year Memorandum of Understanding (2014-2017) in which the two organizations committed to deliver major eco-conservation programmes for Africa. Commenting on

AfDB and OpenOil Launch Report on How African Governments Manage Extractive Resources.

Geneva, Switzerland, 19 October 2017 – The African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining projects. The report was launched at the 13th Annual General Meeting of the Intergovernmental Forum on Mining, Minerals,

AfDB issues its first Light Up and Power Africa theme Bond

  Abidjan, Côte d’Ivoire, 5 October 2017 – The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction.   The “Light Up and Power Africa” Bond supports AfDB’s

AfDB approves US$200 million to IDC to support industrialisation projects in Africa.

Abidjan, Côte d’Ivoire 29 September 2017 – The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and   1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South

AfDB joins international community in supporting sustainable tourism development in Africa

Abidjan, Côte d’Ivoire, September 27, 2017 – This World Tourism Day, September 27, 2017, the African Development Bank has called for collaborative actions from all stakeholders for sustainable tourism development in Africa. The Bank recognizes that Africa’s tourism and travel industry can serve as an engine of progress for socioeconomic transformation. The United Nations’ World

AfDB, AU, UN agencies pledge more action for Africa’s industrial transformation

Implementation to be anchored on AfDB’s Industrialize Africa Strategy Abidjan, Côte d’Ivoire, September 22, 2017 – The African Development Bank (AfDB) on Thursday, September 21, 2017, joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization. The partners also agreed to

AfDB and Korea launch preparations for 2018 Annual Meetings in Busan.

Seoul, Korea, September 22, 2017 – The African Development Bank Group (AfDB) and the Government of Korea have officially launched preparations for the Bank’s 2018 Annual Meetings, to be held in Korea. The 53rd Annual Meetings of the Board of Governors of the AfDB and 44th Meetings of the Board of Governors of the African

2017 World Water Week: AfDB joins global community to address water challenges

  Abidjan, Côte d’Ivoire,  29 August 2017 – As a leading financing partner on water and sanitation services in Africa, the African Development Bank (AfDB), and two of its flagship water initiatives: the African Water Facility (AWF) and the Rural Water Supply and Sanitation Initiative (RWSSI), are participating in the 2017 World Water Week in