Category: Business

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank, paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country. A $122.55 million grant agreement signed in March, between Bank Vice… Read More

The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan. This grant from the African Development Fund, the Group’s concessional-rate lending arm, covers 35% of the total cost of the study, estimated at $3.4 million. The remaining funding will… Read More

With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed water supply and sanitation project came in handy as a critical control intervention, although COVID-19 was not anticipated in 2016 when the project was launched. Through its implementing agency,… Read More

Webinar What: Webinar on Natural Capital and Development Finance Who: The Africa Forum, the Economics for Nature programme When: 10 June 2020 14:00 WAT / 16:00 EAT Where: Virtual The African Forum on Green Economy will host a webinar on Natural Capital and Development Finance on Wednesday, 10 June 2020 at 14:00 WAT / 16:00 EAT. The session will bring… Read More

Le Conseil d’administration de la Banque africaine de développement a approuvé, lundi 8 juin à Abidjan, un prêt de 75 millions d’euros (soit environ 49,12 milliards FCFA) sous forme d’appui budgétaire, en faveur de la Côte d’Ivoire afin de financer le programme d’appui à la riposte contre le COVID-19 (PARC).  L’aide financière de la Banque, accordée dans le cadre de… Read More

La Banque africaine de développement a dévoilé, vendredi 05 juin à Abidjan, une feuille de route stratégique pour aider les pays africains à faire face aux effets de la crise du Covid-19 en matière de nutrition et de sécurité alimentaire. Cette réponse, appelée FAREC (« Feed Africa Response to Covid-19 »), vise à soutenir les gouvernements africains dans leurs efforts pour atténuer… Read More

The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures. The Feed Africa Response to COVID-19 (FAREC) paves the way for a comprehensive intervention to build resilience, sustainability and regional self-sufficiency in Africa’s… Read More

The Board of Directors of the African Development Bank on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan will bolster the government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on workers and businesses and strengthen the social protection system. Nigeria,… Read More

L’Unité de vérification de la conformité et de médiation (BCRM) de la Banque africaine de développement, qui abrite le secrétariat du Mécanisme indépendant d’inspection (MII), organise une session d’information et d’échange en ligne sous le thème : « Gestion des plaintes émanant de personnes ayant subi un quelconque préjudice des projets financés par le Groupe de la Banque africaine de développement ».… Read More