Category: Business

On Thursday 7 and Friday 8 July 2022, partners and donors of the African Development Bank’s Urban and Municipal Development Fund (UMDF) met in Brussels at a meeting hosted by the Wallonia Export and Investment Agency. At this annual meeting, the oversight committee examined the UMDF’s results and strategy and how to mobilize new funding to support African cities. The… Read More

In Njombe and other Southern highland regions in Tanzania, one of the difficulties faced by farmers and agro-dealers is having enough fertilizers to adequately meet their farming needs. Agro-dealer Sady Mwang’onda knows far too well these challenges. As much as he and other agro-dealers would want to supply farmers with more fertilizers, they are challenged by various constraints. “We reached… Read More

The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. The deal will enable African banks and their small and medium-sized enterprise (SME) clients to participate more in regional and international trade. It aims to support a cumulative trade transaction volume of $450 million… Read More

The Board of Directors of the African Development Bank Group has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility as additional financing for a rice value chain transformation project in the Gambia. The Rice Value Chain Transformation Program was started in December 2018, with total grant financing of $7 million from the African Development… Read More

The President of the African Development Bank Group Dr. Akinwumi Adesina has given strong assurance to U.S. investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the U.S.-Africa Business Summit in Marrakech where he told American investors to see Africa as a logical investment destination and to engage with the continent… Read More

The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS) and will specifically deploy certified quality seeds of climate-adapted fodder varieties and enable the establishment of… Read More

The Board of Directors of the African Development Fund has approved a grant of around $25.65 million to help Zimbabwe enhance domestic food production and supply. The funds were drawn from the Transition Support Facility (TSF), although the Board provided a waiver, to assist  Zimbabwe to mitigate  against a possible food crisis. Zimbabwe is in debt and in arrears and… Read More

African Development Bank Group President and Chairman of the Africa50 Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap. Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday. He told delegates that Africa50 had invested $5 billion in 16 private-sector… Read More

What:             Atlantic Council panel discussion on African Economic Outlook 2022 Who:              African Development Bank, Atlantic Council, policymakers, and experts When:            Wednesday, 27 July, 9:30 am Washington DC Time. Where:           Atlantic Council, Washington D.C., and online The United States-based Atlantic Council will host a panel discussion on the African Development Bank’s African Economic Outlook (AEO) 2022 report on… Read More