The Board of Directors of the African Development Bank has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.  This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window… Read More

Fifty years ago, the African Development Fund was founded on one fundamental principle: To promote economic and social development in the lives of people in low-income and fragile African countries. Today, the Fund remains a staunch partner of these countries, touching the lives of millions of people across the continent. A people-first approach remains at the core of the Fund’s… Read More

African Development Bank Group President Dr Akinwumi Adesina concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust 16th replenishment of the African Development Fund, the Bank Group’s concessionary… Read More

African Development Bank Group President Dr Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” He was speaking about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center on Friday. Fielding questions from the Council’s Africa Center Chair, Ambassador Rama Yade; Senior Fellow Aubrey Hruby; and Washington/UN correspondent for Jeune Afrique and The… Read More