Category: Business

The African Development Bank’s Director General for Central Africa, Serge N’Guessan, led a delegation for a series of talks with stakeholders in the Cameroonian private sector, including women entrepreneurs, between 24 and 30 September 2022 in Douala.  Professional associations and the financial institutions that partner with them under the Bank’s Affirmative Finance Action for Women in Africa” initiative also took… Read More

Country managers of the African Development Bank Group and representatives of the Southern African Development Community (SADC) Secretariat last month held a series of discussions on deepening regional integration across the 16-nation  body, through increased cooperation. The discussions took place during a meeting held on 24 October in Gaborone, Botswana.  The engagement is also expected to lay the groundwork for… Read More

Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. In addition to the grant, each winner benefits from a 12-month accelerator program to help them grow their businesses, deepen their impact and create decent jobs. The annual competition and awards program for youth-led enterprises—which is 50%… Read More

The Board of Directors of the African Development Bank has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy. The loan comprises a $130 million line of credit from the Bank and an additional $30 million in funds from the Africa Growing Together Fund (AGTF). The financing will… Read More

The African Development Bank and the Eastern and Southern African Trade and Development Bank (TDB) have united to launch a unique financial instrument to catalyze financing for sustainable development on the continent. At the ongoing global climate summit, COP27, the African Development Bank on Wednesday announced an investment commitment of $ 15 million in TDB’s Class C Green+ Shares. This… Read More

At the end of a three-day official visit to Angola, African Development Bank Group’s Director General for Southern Africa Leila Mokaddem has commended the Lusophone nation for its ongoing economic reforms. Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key portfolios. Her visit focused on the preparation of a new… Read More

The African Development Bank has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across Africa. The University of Oxford’s Public and Third Sector Academy for Sustainable Finance (P3SA) is a global center of learning and capacity building. It focuses on how the public and third sectors… Read More

La Banque africaine de développement va financer la construction du corridor routier Bissau-Dakar. Son Conseil d’administration en a donné le feu vert, mercredi 9 novembre 2022, à Abidjan, pour un financement de 100,73 millions de dollars américains, destinés à la réalisation de la première phase du projet Farim-Tanaff-Sandinieri. L’appui financier de la Banque va ainsi servir à réaliser un pan… Read More

The OPEC Fund for International Development and the African Development Bank Group have signed a memorandum of understanding to expand their partnership to support sustainable economic and social development in Africa. The agreement, signed at the 27th United Nations Climate Conference (COP27) in Sharm El-Sheikh, Egypt on 8 November, sets the scope for further strategic and operational cooperation through co-financing of… Read More