Category: Business

The sudden shortage of wheat, maize and other grains imported from Russia and Ukraine could spark civil unrest in Africa as food supply chains are tested again on the heels of a global pandemic, the president of the African Development Bank (AfDB) has said. In an exclusive interview with The National, Dr Akinwumi Adesina said there is a yawning gap… Read More

A senior leadership team from the African Development Bank Group has arrived in the southern African capital Gaborone, on the first leg of an official visit to Botswana and Zimbabwe. The delegation is led by Acting Vice President, Regional Development, Integration and Business Delivery Yacine D. Fal. It includes Prof. Kevin Chika Urama, Acting Chief Economist and Vice President for… Read More

Sénégal : De hauts responsables de la Banque africaine de développement saluent les programmes d’entrepreneuriat des jeunes et des femmes qui transforment les conditions de vie | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group Read More

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African Development Bank Group, and $7.5 million from the Transition Support… Read More

The African Development Fund, the concessional financing window of the African Development Bank Group, is turning 50! Five decades after its establishment, the African Development Fund continues to play a key role in improving the lives of millions of people across Africa. Established in 1972 and operational in 1974, the Fund provides low-income African countries, including those in fragile situations,… Read More

The Board of Directors of the African Development Bank Group has approved a $7.5 million trade finance guarantee facility for the Central Africa Building Society (CABS) of Zimbabwe. This approval is the first for the Bank under its new transaction guarantee instrument, which was formally launched in July 2021. The three-year tenor facility will provide guarantees of up to 100%… Read More

African Development Bank Group President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit covered engagements in Dubai and Abu Dhabi. The visit—which took place alongside the World Government Summit and the closing days of Expo 2020 Dubai—explored potential partnerships for strategic investment in Africa between the African Development Bank… Read More