Category: Investments

The Board of Directors of the African Development Bank on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security. The proposed assistance will be channeled to the Intergovernmental Authority on Development (IGAD), which has been… Read More

The Board of Directors of the African Development Bank on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts. The grant, which is in response to an international appeal by the WHO, will be used by the world body to… Read More

Un coup d’œil dans le four, un petit réglage du feu, Alune Mbodj contemple ses baguettes de pain en train de dorer. « Ce métier me plaît », lance-t-il en se retournant. « Avant de venir ici, je travaillais dans un village qui s’appelle Naima. C’est très dur de faire du pain là-bas parce qu’il n’y a pas d’électricité. Et ce n’est… Read More

The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities. Mozambican Finance Minister Adriano Maleiane and Bank Country Representative, Pietro Toigo signed for their respective sides on 24 February. The works form part… Read More

Lancé en 2005, grâce à la Banque africaine de développement, le Projet d’aménagement hydro-agricole du Brakna ouest (PAHABO) a permis de surmonter les aléas climatiques dans l’ouest de la Mauritanie, de créer une dynamique socio-économique locale et de retenir l’attention des groupes cibles. Au final, un phénomène d’exode inverse a même été observé avec le retour de plus de 1500 familles… Read More

The African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.   The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset managers including Socially Responsible Investors,… Read More

The Board of Directors of the African Development Bank Group has approved a $8.25 million corporate loan to Olivine Industries Limited to support the company’s food production expansion plan in Zimbabwe. The Bank’s loan, approved on Wednesday, will enable the company to construct new processing plants for margarine and tomato sauce and install upgraded machinery with advanced technologies. Olivine plans… Read More

In a single day last July, Ethiopians turned out in huge numbers to plant more than 350 million trees in what was thought to be the largest tree-planting event in history. It was part of an ambitious national reforestation program to plant 4 billion trees across 1.5 million hectares nationwide over three months. Ethiopia’s “Green Legacy” tree planting blitz gave… Read More

Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions and the resumption of full re-engagement between the Bank Group and the East African nation.  The long road to resolution of… Read More

The theme of this year’s World Water Day, observed on 22 March, is water and climate change. The issue has taken on greater urgency, given the global spread of coronavirus, also known as COVID-19, responsible for over 13,000 deaths worldwide to date. Hand washing with soap and water is the first line of protection against coronavirus. Scientists say soap renders… Read More