Category: Business

Nasdaq (Nasdaq: NDAQ) on Wednesday announced the inclusion of the African Development Bank, one of the world’s  largest issuers of social bonds, in the Nasdaq Sustainable Bond Network (NSBN). The NSBN is a global and publicly available platform designed to improve transparency in the market for green, social and sustainability bonds. Ten Bank bonds were added to the platform, including… Read More

The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base, a key… Read More

The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base, a key… Read More

The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base, a key… Read More

The Compliance Review and Mediation Unit (BCRM), the Secretariat of the Bank’s Independent Review Mechanism (IRM), organized an information webinar for civil society organizations (CSOs) on “Handling Complaints from People Affected by Projects Financed by the African Development Bank Group (AfDB)” on Wednesday, 10 June 2020.  The session brought together 61 participants from civil society organizations representing 8 countries in… Read More

The African Development Bank has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the curve. The COVID-19 pandemic is forecast to cause Africa’s GDP to… Read More

Eyes glued to screens and flashing lights in the control room, Mohamed Said Amer, a 32-year-old operations field engineer at the Egyptian Refining Company (ERC), a greenfield petroleum refinery, reflects on the path that led him to achieve his professional and personal goals. “I have witnessed this impressive industrial project being built from the ground up. I have seen ERC… Read More

The Board of Directors of the African Development Bank on 9 June 2020 approved $20 million in grant funding from the African Development Fund, to build capacity to curb and stop the spread of the COVID-19 pandemic in Mauritania, Mali, Burkina Faso, Niger, and Chad. The operation will provide funding for the project which will also boost resilience of vulnerable… Read More