Category: Investments

Nadège Biwong est institutrice à l’école publique de Mpologwe 2 à Kribi, ville balnéaire au sud du Cameroun. Depuis deux ans, elle dispense des cours aux élèves du cours moyen du cycle primaire. « Avant la construction de l’école par la Kribi Power Development Company – KPDC, les enfants parcouraient près de 5 kilomètres pour être scolarisés. Et pour ceux… Read More

Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank President, Akinwumi Adesina, and the World Bank and the International Monetary Fund chiefs attended the Conference, which was co-hosted by the Republic… Read More

The Board of Directors of the African Development Bank has approved a 100.5 million euros loan to the government of Gabon as budget support to mitigate against the effects of the COVID-19 outbreak. The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19 Crisis or PABURC, which aims to strengthen the health system and… Read More

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 – produced by the Global Forum for Transparency and Exchange of Information for Tax Purposes, the African Union and African Tax Administration Forum (ATAF), in… Read More

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the pandemic and its impacts. The grant funding comes under the… Read More

Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of transparency along with other world class institutions such as the World Bank,… Read More

South African President and African Union Chairperson, Cyril Ramaphosa today hosted a historic conference to spur infrastructure investment in his country and inspire similar efforts in the rest of the continent. “South Africa, within the AU family, has been given responsibility for championing infrastructure development. It is through these objectives we will be able to attain the objectives and aspirations… Read More

The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s COVID-19 Rapid Response Facility (CRF) of up to $10 billion, the… Read More