The Board of Directors of the African Development Bank Group has approved a loan package not exceeding €125 million to Hidroeléctrica de Cahora Bassa (HCB) in Mozambique to support its Vital Capex program aimed at modernizing the company’s electricity production system. HCB, the largest Independent Power Producer (IPP) in Southern Africa, provides hydroelectric power to Mozambique and the Southern African… Read More

The African Financial Alliance on Climate Change (AFAC) unveiled a new vision for 2030 during the global climate summit (COP27), prioritizing mobilizing capital and tools to meet the Paris Agreement goal. AFAC, a pan-African alliance of Africa’s key financial institutions and commercial and development banks, mobilizes private capital to support continent-wide low-carbon and climate-resilient development. The new blueprint mainly focused… Read More

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. The project will strengthen mobilization of long-term resources for financial service providers and improve financial inclusion of vulnerable populations, particularly women,… Read More

The Board of Directors of the African Development Fund have approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG) which will be implemented by two pan-African institutions: the African Tax Administration  Forum (ATAF) and the Collaborative… Read More

Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO). The Africa Industrialization Index (AII) report provides a country-level assessment of 52 African countries’ progress across 19 key indicators. The report will enable African governments… Read More

Who:           The African Development Bank’s Independent Recourse Mechanism (IRM) When:          8 December 2022, 3:00pm to 4:30pm GMT Where:         Virtual,   REGISTER HERE We are pleased to invite you to the IRM’s panel discussions on “Addressing Sexual Exploitation Abuse and Harassment (SEAH) in Development Bank Operations, Recommendations and Lessons learned.” The event will take place virtually on 8 December 2022, from… Read More

The Board of directors of the African Development Bank Group has approved financing for the Emergency Food Production Program in Liberia. This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. The funding includes a grant of $2.28 million and a loan of $2.84 million… Read More