Category: Business

The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA) to help it enhance effective implementation. The AfCFTA Secretariat opened its doors in Accra on 17 August 2020, with initial support of $5 million to set up the secretariat, the programs, and the tools and… Read More

Rwanda has embraced the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) initiative, a tool that enhances project-related data collection in remote areas. It is the first East African country to do so and the seventh overall in the continent. The initiative is a partnership of the African Development Bank’s IT Department (CHIS), the World Bank’s Geo-Enabling initiative for Monitoring and… Read More

The African Development Bank’s Coding for Employment program has selected 500 changemakers, 45% of whom are women, from four countries for the pilot Digital Ambassadors Program. The selected Digital Ambassadors will embark on a three-month course during which they will be equipped with in-demand digital skills, such as software development, as well as soft skills, such as problem solving, project… Read More

Just a few years ago, Benina Bint Yahya was barely making ends meet in Nouakchott, the capital of Mauritania. Back then, Yahya and her eight children relied mostly on her husband’s modest income. Today, Benina is a different woman:  an independent entrepreneur full of hope. It all began in 2018, when, with nine other women, Benina decided to launch a… Read More

The Board of Directors of the African Development Bank Group today approved a grant of $5.39 million to the Central African Republic. The grant will assist the production of an additional 32,000 tonnes of foodstuffs and enhance food security for 100,000 people. It will also help the Central African Republic to implement an emergency food programme to tackle the surge in… Read More

On 14 July 2022 in Abidjan, the Board of Directors of the African Development Bank Group approved a $66.39 million support package for Guinea. The funding is intended to help it increase access to electricity. It consists of a $4.17 million grant and a $9.37 million loan from the African Development Fund (the concessional arm of the African Development Bank… Read More

The Board of Directors of the African Development Bank Group has approved a €63 million loan to Kenya to significantly boost cereals and oil seeds production by over 1.5 million metric tonnes over the next two years. The production increase will help bolster national food security and economic resilience. The loan is part of the African Development Bank’s $1.5 billion African… Read More

The African Development Bank Group and the Gabonese government held national consultations from 20-23 June, on the Country Diagnostic Note and the 2016-2022 Country Strategy Paper. Discussions were held between a delegation led by Bank Country Manager for Gabon, Nouridine Kane Dia, and a government delegation headed by the Minister of Economy and Recovery and Governor of the Bank for… Read More