AfDB Archive

AfDB Discusses Sub-national Financing at 2nd Kaduna State Investment Summit

The African Development Bank on Thursday 6th April, participated in the 2nd Kaduna Investment Forum (Kadinvest 2.0) in Nigeria’s northern State of Kaduna. Kadinvest 2.0 is an avenue for investors and donors to interact with top government officials and executives in the state, with the view to ensuring that investor/donor funds are targeted to the

AfDB engages stakeholders on suitable regulatory environment for investment in power sector

  Abidjan, Côte d’Ivoire, March 6, 2017 – Officials of the African Development Bank Group (AfDB) and the African Forum for Utility Regulators (AFUR) held discussions with some 50 power regulators from across Africa during the 13th Annual AFUR and Annual General Assembly (AGA) Conference, which took place from February 27 to March 2, 2017

AfDB takes agricultural transformation discourse to India, cradle of Green Revolution

Abidjan, Côte d’Ivoire, February 28, 2017 – Agriculture, agri-business and agro-industries will dominate the knowledge events of the 2017 Annual Meeting of the African Development Bank Group scheduled to take place from May 22-26 in Ahmedabad, in India’s Gujarat State. The central theme of the Annual Meetings, “Transforming Agriculture for Wealth Creation in Africa,” underscores

AfDB launches three projects worth US $26 million in Zimbabwe

Harare, Zimbabwe, February 23, 2017 – The African Development Bank and the Government of Zimbabwe officially launched three projects worth US $26 million that were recently approved by the Bank’s Board of Directors. The three ventures are Alaska Karoi Transmission Reinforcement Project (US $18 million); the Youth and Women Empowerment Project (US $4 million) and

AfDB commits US $3.50 million to IGAD Regional Infrastructure Master Plan

Abidjan, Côte d’Ivoire, February 15, 2017 – The eight-nation Intergovernmental Agency on Development (IGAD) has secured a US $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the agency’s Infrastructure Master Plan (IRIMP). The project, to be completed in 38 months, seeks to establish regional

AfDB and the Alliance for Financial Inclusion sign MoU to enhance access to financial services on the continent

Abidjan, Côte d’Ivoire, February 1, 2017 – The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services on the continent on Tuesday, January 31, 2017, in Abidjan, Côte d’Ivoire. The agreement aims to create a collaboration framework to promote financial

AfDB scaling up support for Africa’s development at AU Summit

Addis Ababa, Ethiopia, January 30, 2017 – The African Development Bank President, Akinwumi Adesina, attended the official opening ceremony of the 28th Ordinary Session of the Assembly of the African Union, which kicked off Monday in Addis Ababa. The meeting featured the announcement of the election of President Alpha Condé of Guinea as the new

AfDB supports Drought Resilience and Sustainable Livelihood Program in Eritrea

Abidjan, Côte d’Ivoire, January 27, 2017 – The African Development Bank has approved a loan and a grant amounting to US $7.14 million to finance the fourth Drought Resilience and Sustainable Livelihoods Program in Eritrea. This Program is an expansion of the ongoing Eritrea Component of the Multinational Drought Resilience and Sustainable Livelihoods Program in

AfDB supports road infrastructure upgrade for economic diversification in the Comoros

 Abidjan, Côte d’Ivoire, January 26, 2017 – The African Development Bank Group will help the Union of Comoros Government to diversify its economy with a US $20.4-million road network rehabilitation project grant approved by the Board of Directors on Monday, January 23, 2017. The project will be implemented in four years to 2020 in the

AfDB approves US $20 million for Meridian’s soft commodity value chain operations in Southern Africa

Abidjan, Côte d’Ivoire, January 20, 2017 – The African Development Bank has approved US $20 million to finance Meridian’s soft commodity value chain operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value chain operations in the three