Category: Business

The Board of Directors of the African Development Bank Group has approved a €28.88 million loan for improvements to the road and transport network linking six Senegalese municipalities.  The loan was approved on 20 September 2022. The financing will be sourced from savings from the Senegal Cities Modernisation Programme. The funds will support the construction of 28 kilometers of urban… Read More

WHAT:       Connecting Africa conference WHO:        African Development Bank, TRANSNET WHEN:      Friday, 23 December 2022; 09:00– 17:00 ( CAT)/ 07:00-15:00 GMT WHERE:   Johannesburg, South Africa The African Development Bank and Transnet will jointly hold a one-day conference on 23 December 2022 to highlight the financing gap for African infrastructure projects and explore available financing opportunities. The conference will brainstorm solutions to… Read More

The battle to stop global warming from rising above the catastrophic 1.5 degree Celsius received a boost on Wednesday as the newly launched Global Leadership Council got down to business during the 77th session of the UN General Assembly in New York. The Council is made up of a diverse and growing coalition of global leaders including the President of the… Read More

The Board of Directors of the African Development Bank Group has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing access to clean electricity and ensuring… Read More

The New Partnership for Africa’s Development-Infrastructure Project Preparation Facility (NEPAD-IPPF) holds its 35th oversight committee meeting today 22 September 2022. NEPAD-IPPF is a multi-donor special fund, hosted by the African Development Bank. Its mandate is to spur sustainable infrastructure development on the African continent through the preparation of bankable, investment-ready projects. It does this by providing grants and expertise to… Read More

With barely two months to go before the UN Climate Change Conference (COP27) in Egypt, Africa and other developing parts of the world that bear the severest brunt of climate change are warning against turning it into a mere talking shop of promises. African Development Bank Group President Dr. Akinwumi Adesina and speakers at the 2nd ministerial meeting on climate… Read More

The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The listing, on 15 September 2022, follows the Fund’s primary US dollar listing on the Mauritius Stock Exchange in 2018. The Pula-denominated listing will offer investors an innovative tool to gain exposure to African local currency fixed… Read More

On the sidelines of the 2022 edition of Africa Climate Week, a session titled Limiting Loss and Damage through Enhanced Adaptation Action in Africa featured vibrant and timely discussion of an aspect of climate change that typically receives little attention: capturing and assessing the costs and damages associated with climate change.    The African Development Bank and Germany’s Konrad Adenauer… Read More