Category: Business

The earthquake that struck Morocco on the evening of Friday 8th September 2023 was devastating. With over two thousand people dead and thousands more injured, it has brought much sorrow and untold hardship to many families that lost their loved ones. It has thrown the nation and the people of Morocco into grief. African Development Bank Group Read More

The 2023 Africa Food Systems Summit held recently in Dar es Salam has called on African leaders to build better food systems and promote food sovereignty, with youth and women at the centre. African Development Bank Group Read More

African Development Bank Group president Dr. Akinwumi A. Adesina will lead a delegation to the 7th KOAFEC Ministerial Conference in Busan, Republic of Korea.   African Development Bank Group Read More

African leaders ended the three-day Africa Climate Summit with a call to the global community to act with urgency in reducing emissions, honour a commitment to provide $100 billion in annual climate finance to developing countries, and swiftly operationalize the Loss and Damage facility agreed at last year’s COP27 in… African Development Bank Group Read More

Today, the Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to the goal of net zero by 2050, announces a new partnership with the African Development Bank to support climate action by financial institutions across the continent. African Development Bank Group Read More

The African Development Bank has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. African Development Bank Group Read More

Funding Approval date: 6 September 2023. Project name: Support Programme for Reconstruction of Grassroots Communities, phase 2 (PARCB-2). Amount: donation of €12.62 million from the Transition Support Facility. African Development Bank Group Read More

 Administrative authorities in the Central African Republic will benefit from financial support from the African Development Fund to improve their employees’ working methods. African Development Bank Group Read More

 World leaders gathered in Nairobi at the invitation of Kenya President William Ruto (centre) voiced strong support for making Africa integral to global action efforts. African Development Bank Group Read More

 In Nairobi, African Development Bank president Adesina announced a new $1 billion fund to accelerate climate financing for Africa’s youth businesses. African Development Bank Group Read More