Category: Business

An African Development Bank report released Thursday shows that the institution was pivotal in 2021, delivering timely investments that are helping millions of Africans overcome the unprecedented challenges caused by the Covid-19 pandemic. Published annually for the past 12 years, the Annual Development Effectiveness Review analyses the Bank’s role in Africa’s development. It monitors the Bank’s contribution to the High… Read More

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the development of 35 mini-grids and stand-alone solar PV systems, were… Read More

The United Kingdom may channel some of its International Monetary Fund Special Drawing Rights (SDRs) to Africa through the African Development Bank, revealed UK Minister for Africa, Latin America and the Caribbean Vicky Ford yesterday.  “Let me be very clear, the UK would like to channel some of our SDRs to Africa through the African Development Bank,” Ford said on… Read More

African governments and international development institutions have voiced support for the African Development Bank Group’s $1.5 billion emergency food production facility to help avert a looming food crisis across Africa. The Bank Group’s board approved the facility on Friday. At a virtual meeting convened by the African Union Commission on Thursday, government ministers and development partners commended the initiative, which… Read More

The African Development Bank, MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy professionals and policy makers from the target countries, and proposes a… Read More

Africa’s gross domestic product has recovered strongly in the last year, but the lingering effects of the Covid-19 pandemic, Russia’s invasion of Ukraine and the ensuing war could pose considerable challenges in the medium term. This is according to the 2022 African Economic Outlook, released by the African Development Bank on Wednesday. Africa’s gross domestic product grew by an estimated… Read More

La présidente tanzanienne Samia Suluhu Hassan a reçu mercredi à Accra, lors des Assemblées annuelles du Groupe de la Banque africaine de développement, le Super prix de grand bâtisseur – Trophée Babacar N’Diaye pour son investissement personnel dans l’élaboration et la réalisation de projets routiers, ferroviaires et aéroportuaires en Tanzanie. Le prix a été attribué à Mme Hassan à l’occasion de… Read More

Ghana’s President Nana Akufo-Addo, Filipe Nyusi of Mozambique, President Samia Suluhu Hassan of Tanzania, and Azali Assoumani of Comoros have voiced strong support for the the African Development Bank Group to lead in financing the continent’s development.  The leaders shared a stage during a presidential dialogue session on the opening day of the African Development Bank Group’s 2022 Annual Meetings;… Read More

Un panel sur la mobilisation des ressources internes pour le financement du développement en Afrique a été réuni, en marge de l’ouverture des Assemblées annuelles du Groupe de la Banque africaine de développement qui se tiennent à Accra, au Ghana, du 23 au 27 mai. Le panel sur le thème, « Dialogue sur l’efficacité fiscale pour la mobilisation des ressources intérieures en… Read More

The African Development Bank Group and Sweden’s Development Finance Institution, Swedfund International AB (Swedfund), have formalized an agreement to enhance private sector participation in independent power transmission line projects in Africa. Under the agreement, the Bank Group and Swedfund will collaborate to promote private sector participation in transmission, mainly through public-private partnerships. This will be achieved through project preparation and… Read More