Hadia Baruti Wimbi was only six years old when she left her parents’ home, eventually leading to her spending much of her childhood without any schooling. “An elderly member of my family came to see my parents, asking if she could take me away. She promised my parents that she would enrol me at school. When she became my guardian,… Read More

The United States has announced support for the African Development Bank’s initiative to significantly increase food production in Africa to avert the looming food crisis caused by the Russia-Ukraine war. The Bank Group’s $1.5 billion African Emergency Food Production Facility, approved by its Board of Directors in May, will provide 20 million smallholder farmers with climate-smart, certified wheat, maize, soy… Read More

The African Development Bank on 14 June 2022 launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution. The bond, due June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was issued under the African Development Bank Group’s… Read More

The Board of Directors of the African Development Fund today approved a $27.19 million grant to Ghana for infrastructure for skills development and job creation for youth and women in its post-Covid-19 recovery efforts. The grant will enhance higher-level skills delivery in the health system in the West African nation and create jobs for youth and women. The Post-Covid-19 Skills… Read More