Category: Business

The African Development Bank has rolled out the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project in Angola, following a three-day training session in the capital, Luanda. RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects, report on progress and evaluate impact openly and transparently.… Read More

African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization, Economic Diversification, and the AfCFTA in Niamey. “Not so long… Read More

The Sustainable Energy Fund for Africa (SEFA) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring. NewAfrica Impact… Read More

The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands. The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient, gender-sensitive integrated and sustainable water and sanitation services. Phase one… Read More

African Development Bank President Dr. Akinwumi Adesina and European Bank for Reconstruction and Development (EBRD) President Odile Reinaud-Basso have agreed that their organizations would step up cooperation to enhance resilience among African businesses. The two development bank heads held talks earlier this month at this year’s global climate summit (COP27) in Sharm El Sheikh, Egypt. Adesina highlighted that “climate adaptation… Read More

The Board of Directors of the African Development Bank, has approved a loan of  €166.36 million to Senegal for construction of the Dakar-Tivaouane-Saint Louis highway, which will enhance access to the north of the country. The financing comprises €119.69 million from the African Development Bank and €46.67 million from the Africa Growing Together Fund, a facility sponsored by the People’s… Read More

Abdou Aziz Diedhiou, head of studies and strategy, La Banque Agricole Sénégal; Kossivi Domegni, Expert in Energy Efficiency & Renewable Energy, Togo; Audrey-Cynthia Yamadjako, Coordinator, African Green Finance Facility Initiative, African Development Bank; Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth at the African Development Bank; Doug Sims, senior advisor for green finance and co-founder of the… Read More