Africa Investments 

Ethiopia: African Development Fund approves $13.95 million grant for Borana Resilient Water Development for Improved livelihoods program

The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands. The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient, gender-sensitive integrated and sustainable water and sanitation services. Phase one… Read More
Africa Investments 

COP 27: African Development Bank Group and EBRD affirm commitment to climate adaptation and to helping African businesses become more resilient

African Development Bank President Dr. Akinwumi Adesina and European Bank for Reconstruction and Development (EBRD) President Odile Reinaud-Basso have agreed that their organizations would step up cooperation to enhance resilience among African businesses. The two development bank heads held talks earlier this month at this year’s global climate summit (COP27) in Sharm El Sheikh, Egypt. Adesina highlighted that “climate adaptation… Read More
Africa Investments 

Senegal: African Development Bank to invest over €166 million in construction of highway to open up the country’s north

The Board of Directors of the African Development Bank, has approved a loan of  €166.36 million to Senegal for construction of the Dakar-Tivaouane-Saint Louis highway, which will enhance access to the north of the country. The financing comprises €119.69 million from the African Development Bank and €46.67 million from the Africa Growing Together Fund, a facility sponsored by the People’s… Read More
Development Health Advice 

Proven solutions must be put in place to end AIDS by 2030: Guterres

“The world has promised to end AIDS by 2030”, said Secretary-General António Guterres in his official message, but “we are off track.” “Today, we risk millions more new infections and millions more deaths”, he added, calling on governments everywhere to make the “Equalize” slogan a reality. He said the “proven practical solutions” exist that can help end AIDS, such as more… Read More
Africa Investments 

African Development Bank launches model for deploying green financing across the continent

Abdou Aziz Diedhiou, head of studies and strategy, La Banque Agricole Sénégal; Kossivi Domegni, Expert in Energy Efficiency & Renewable Energy, Togo; Audrey-Cynthia Yamadjako, Coordinator, African Green Finance Facility Initiative, African Development Bank; Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth at the African Development Bank; Doug Sims, senior advisor for green finance and co-founder of the… Read More
Development Health Advice 

Accelerated action needed to save 12,000 lives a day due to injury, violence

“People living in poverty are significantly more likely to suffer an injury than the wealthy”, said the head of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus.  “The health sector has a major role in addressing these health inequities and in preventing injuries and violence, through collecting data, developing policies, providing services and programming for prevention and care, building capacities,… Read More
Africa Investments 

Mozambique: African Development Bank approves €125 million loan for hydroelectric power producer to modernize production system

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
Africa Investments 

AFAC unveils new strategic vision to catalyze private financing for climate action across Africa

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
Africa Investments 

Niger: African Development Fund Provides $16 Million to Support Financial Sector Deepening and Inclusion

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