Category: Business

To help mitigate the impacts of soaring food prices and grains, worsened by Russia’s war in Ukraine, the African Development Bank in May launched the African Emergency Food Production Facility to enable production of 38 million tonnes of food over the next two years. The $1.5 billion facility stepped into action, with the Bank approving initial programs in 26 African… Read More

U.S.-based Foundation for Democracy in Africa, an advocacy and research think tank, has conferred its topmost Medal of Glory Award on African Development Bank President Akinwumi Adesina for his exemplary leadership. The Medal of Glory Award is the Foundation’s highest honor, given annually for extraordinary contributions to democracy, good governance, and the advancement of trade, investment and cultural ties in… Read More

The African Development Bank will host an online seminar to encourage African young entrepreneurs in the agriculture sector – or “agripreneurs” – to enter the Bank’s AgriPitch competition. AgriPitch is a platform where the continent’s top agripreneurs vie for a share of $140,000 in seed funding prizes, a slot in the competition’s business development boot camp, as well as receive… Read More

The Board of Directors of the African Development Bank Group has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank. The agreement will enable Natixis to support African banks and their small and medium-sized enterprise (SME) clients to undertake more regional and international trade.  The agreement is expected to help achievement of a cumulative trade volume… Read More

What:       European Union-African Development Bank Group High-Level Conference on Water Investment Who:         African Development Bank Group – European Union      When:       16 – 19 october 2022 Where:      Hybrid: Cairo, Egypt and online Online Registration: click here to register. The African Development Bank and the European Union are co- organizing the second European Union-African Development Bank Water Investment Forum on… Read More

The Board of Directors of the African Development Bank (AfDB) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA), administered by the Bank, will be used to implement the Mozambique Renewable Energy Integration Program (MREP). “With the support of the… Read More

What:            The 6thAfrica Energy Market Place (AEMP) Who:             The African Development Bank Group When:           25 to 27 October, 2022, 8:00 GMT/ /11:00 EAT Where:          Online (via Zoom) The African Development Bank Group is organizing the sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia. The theme of the event is Delivering Desert to… Read More

The Board of Directors of the African Development Bank Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing, approved on 12 October 2022, comprises a loan of $2.92 million and an $80,000 grant sourced from the African Development Fund, the Bank Group’s concessional lending arm for the continent’s… Read More

What:         Knowledge Sharing Webinar Series on Natural Gas and Energy Transition Who:          The African Development Bank When:        19 October 2022, 14:00 GMT Where:       Virtual, Via Zoom –  Please register in advance here The African Natural Resources Management and investment Centre of the African Development Bank Group in partnership with the New Petroleum Producers Group (NPG), cordially invites… Read More