Tag: African Development Bank

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African Development Bank Group, and $7.5 million from the Transition Support… Read More

The African Development Fund, the concessional financing window of the African Development Bank Group, is turning 50! Five decades after its establishment, the African Development Fund continues to play a key role in improving the lives of millions of people across Africa. Established in 1972 and operational in 1974, the Fund provides low-income African countries, including those in fragile situations,… Read More

The Board of Directors of the African Development Bank Group has approved a $7.5 million trade finance guarantee facility for the Central Africa Building Society (CABS) of Zimbabwe. This approval is the first for the Bank under its new transaction guarantee instrument, which was formally launched in July 2021. The three-year tenor facility will provide guarantees of up to 100%… Read More

African Development Bank Group President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit covered engagements in Dubai and Abu Dhabi. The visit—which took place alongside the World Government Summit and the closing days of Expo 2020 Dubai—explored potential partnerships for strategic investment in Africa between the African Development Bank… Read More

Institutional members of the Africa Fertilizer Financing Mechanism’s Governing Council endorsed plans to attract more private sector financing to the continent’s fertilizer sector. The move came during a meeting of the 13-member council, during which participants also validated the Africa Fertilizer Financing Mechanism’s 2021 Annual Report and endorsed its proposed 2021 work program. The Africa Fertilizer Financing Mechanism works with… Read More

« L’inclusion financière est à prendre à bras le corps. Y parvenir, passe par une approche écosystème, incluant l’ensemble des acteurs : fournisseurs, distributeurs, utilisateurs des services financiers et régulateurs. Il faut aussi et surtout bâtir des infrastructures solides et fiables qui donnent confiance et l’accès à moindre coût pour stimuler le développement », affirme Bruno Aka, chargé principal des Systèmes de… Read More

Dr. Akinwumi A. Adesina, President of the African Development Bank (left) and Gwede Mantashe, South Africa’s Minister of Minerals and Energy, held a bilateral meeting on 25 March 2022. African Development Bank Group President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy. Adesina told Minister for… Read More

Déficit de financement des entreprises féminines, manque d’engouement des femmes au journalisme financier et économique, le Forum de la presse économique et financière récence des pistes pour briser le plafond de verre | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group Read More

Africa’s food systems are failing to deliver diets that are healthy, affordable, secure and safe for vast swathes of its population. For many in Africa, persistent food shortages mean that they struggle to put food on the table — hunger has become a way of life. Almost 250 million men, women and children across the continent go on an empty… Read More

The African Development Bank Group has over 50 years invested $12 billion to finance more than 170 operations in Morocco. « Dans un contexte de relance post-Covid-19 et de sécheresse de grande ampleur, nous nous tenons aux côtés de notre premier partenaire, le Maroc. Plus d’un milliard de dollars seront mobilisés sur les deux prochaines années pour appuyer les secteurs… Read More