The Board of Directors of the African Development Bank has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery. The funds for phase II of the program will build on the successes of the first phase by supporting policy measures designed to boost economic recovery, further ease private sector participation in… Read More

The island nation of Mauritius is set to host the 2022 African Economic Conference (AEC) from 9 to 11 December. The African Economic Conference is Africa’s leading forum for discussing the continent’s emerging challenges and opportunities. It is jointly hosted by the African Development Bank, the Economic Commission for Africa, and… African Development Bank Group Read More

The African Development Bank and Global Center on Adaptation today launched a new initiative under the Technical Assistant Programme of the Africa Adaptation Acceleration Program to help African countries access more climate adaptation funding. A  climate rationale is the scientific basis of a project and describes the climate change scenario, outlining the climate problem in a particular country (e.g., flooding, droughts… Read More

The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional lending window, has approved a grant of 6.4 million USD  to Gambia to implement the Incentive-Based Risk-Sharing System for Agricultural Lending Establishment Project (GAMIRSAL). The project will increase access to loans from financial institutions for agricultural value chain stakeholders. It will mobilize resources to promote… Read More

What:        United Nations Biodiversity Conference (COP 15) Who:         African Development Bank, United Nations Biodiversity, World Wildlife Fund, United Nations Environment Programme and other partners          When:       7-19 December 2022                             Where:      Montreal, Palais des Congrès The African Development Bank will attend major negotiation sessions of this Fifteenth meeting of the Conference of the Parties (COP15) to the Convention on… Read More

After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. It is the largest replenishment in the history of the Fund. ADF is the concessional window of the African Development Bank Group, providing grants… Read More

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African countries’ Nationally Determined Contributions. YouthADAPT is a flagship program under… Read More

On 17 November 2022, the African Development Bank Group Board of Directors approved the  2023-2027 Country Strategy Paper for Ethiopia. The key objective of the Strategy is to support Ethiopia in expanding inclusive and sustainable growth through agro-industrialization, improved connectivity and competitiveness and reduced vulnerability to shocks. The blueprint focuses on two priority areas: i. improving economic and financial governance… Read More