Category: Business

The African Development Bank has awarded Benin a total loan of €164.25 to improve urban service delivery and build resilience to flooding caused by climate change. The loan for the implementation of the Secondary Cities Stormwater Drainage Project (PAPVS), was approved by the Bank’s Board of Directors on Wednesday, 5 July 2023, in Abidjan. It comprises € 118.75 million from… Read More

Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund – a move described as an unprecedented milestone for Africa. The fund is the first private vehicle infrastructure platform launched by Africa50. The collaboration brings together a diverse group of influential stakeholders from Africa and outside the region. It comprises 17 African… Read More

The African Development Bank has restated its support for the Libyan Government’s agenda to boost food security and build resilience in the North African country. Malinne Blomberg, the Bank’s Deputy Director General for Northern Africa, gave the assurance during a coordination meeting on the Food Security Agenda in Libya. “Food security is a prerequisite for economic development, social stability, and the overall… Read More

The African Development Bank and KfW, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), today announced the replenishment of the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, which aims to boost regional infrastructure in Africa. The German Government will provide €10 million to replenish the Special Fund. The agreement was signed in Berlin… Read More

WHAT:          Launch of Tax Transparency in Africa 2023 report WHEN:          Thursday, 6 July 2023 TIME:            09:00-13:00 South African Time (07:00-11:00 GMT) WHERE:       Cape Town International Convention Center (CTICC), Cape Town, South Africa. Register here to attend online The Global Forum on Transparency and Exchange of Information for Tax Purposes, the African Union Commission and the African Tax Administration Forum will jointly launch the… Read More

The African Development Bank Group’s Board of Directors has approved a $7.88 million grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst Programme, which aims to increase renewable energy generation across the continent. The Africa Energy Transition Catalyst Programme or AETC, consolidates the Bank’s support for the acceleration of a Just Energy transition (JET) for… Read More

Opening Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group Chairman, Africa50 Boards of Directors – Africa50 Infra Forum and General Shareholders Meeting Lomé, Togo – 3 July 2023 | African Development Bank Group – Making a Difference <!–> https://cdn.jsdelivr.net/html5shiv/3.7.3/html5shiv-printshiv.min.js <!–> /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– African Development Bank Group Read More

In just six years of operation, Africa50 has invested more than $6.6 billion in critical infrastructure, African Development Bank Group President Dr. Akinwumi Adesina said Monday during the Africa50 Infra Forum and General Shareholders Meeting in Lomé.  It was attended by Togolese President Faure Gnassingbé. Africa50 is an investment platform established by African governments and the African Development Bank to… Read More