Tag: African Development Bank

From Mozambique in the south to Morocco in the north, 20 million people in rural and urban areas of Africa have gained access to clean drinking water for the first time, thanks to African Development Bank projects. A report by the Bank’s Independent Development Evaluation (IDEV) unit, which studied projects carried out since 2005, provides key lessons for improving the… Read More

Le Projet d’appui au développement intégré de la filière karité pour l’autonomisation économique des femmes (PADIFK), mis en œuvre entre 2016 et 2019 au Burkina Faso, a stimulé les exportations des produits du karité, selon un rapport de la Banque africaine de développement publié le 16 juillet. Le PADIFK, financé à hauteur de 993 000 dollars par un don du Fonds… Read More

What: Conference on Innovative Financing Mechanisms for Doing Business with Africa Who: Confederation of Indian Industry, Ministry of External Affairs, India, African Development Bank, Absa Group Limited, ECOWAS Bank for Investment and Development, Canara Bank (Tanzania) Limited, Export-Import Bank of India When: Thursday, 30 July 2020, 7 am to 12.30 pm GMT Where: Virtual – Click here to register The… Read More

A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African Development Bank said in its new Southern Africa Regional Economic Outlook. In the worst-case scenario, growth in Southern Africa would fall to -6.6% in 2020… Read More

The African Development Bank on Friday 24 July approved $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize continental response to curb the COVID-19 pandemic. The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020,… Read More

The African Development Bank on Friday approved grants worth about $41.16 million to Djibouti to bolster the national budget in support of government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund grant for $4.12 million and a $37.04 million grant from the Bank’s Regional Operations Envelope.… Read More

The African Development Bank today approved grants worth  $25.1 million to Somalia to bolster the national budget for government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding, comprised a $10.04 million  grant from Pillar 1 of the Bank’s Transition Support Facility and a $15.06 million grant from the Regional Operations Envelope, comes under the umbrella… Read More

The African Development Bank on Thursday approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund loan, which the Bank is providing the under its COVID-19 Response Facility. Rwanda mounted a swift and decisive response… Read More

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. The grant from the ADF, the concessional arm of the African Development Bank, will provide fiscal budget support to finance the government’s national COVID-19 Emergency Preparedness… Read More

What: Webinar on “Efficient Corporate Governance for Financial Sector Development” Who: Making Finance Work for Africa (MFW4A) Partnership & KPMG When: Tuesday, 28 July 2020 at 1pm GMT Where: Online – Zoom, Click. Registration is free The African Development Bank’s Making Finance Work for Africa (MFW4A) Partnership and KPMG, including subject expert Thierry Mbimi, will host a webinar on  corporate governance… Read More