Tag: African Development Bank

The African Development Bank and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The loan agreement, which carries an eight-year tenor and includes a six-month… Read More

The African Development Bank joins the global community in celebrating 50 years of Earth Day on the theme “Climate Action”, notwithstanding the disruptions by the current COVID-19 pandemic. The combination of COVID-19 pandemic and enhanced climatic threats exacerbates Africa’s vulnerabilities and developmental challenges. The COVID-19 pandemic has also shown what a unified global community can do. Responding to the crisis,… Read More

For centuries, African farmers across the continent have grown cassava. The woody shrub was introduced to Africa from South America by Portuguese traders in the 16th Century and grows well in the continent’s drylands and produces nutritious, calorie-rich meals. But Zambia’s cassava growers were not deriving as much out of the crop as was possible. Farmers in the southern African… Read More

As the COVID-19 pandemic continues to have a devastating impact globally, the African continent, while less affected, is preparing to undergo its own severe social and economic crisis. As of April 7, over 10,000 cases have been reported across 52 countries in Africa (less than 1% of cases globally). Yet despite the slow onset, Africa’s fragile health systems will be overwhelmed if the… Read More

The African Development Bank and partners are set to host an online #AfricaVsVirus Challenge from 16 to 19 April 2020. The 72-hour competition is a global hackathon – or “ideathon” – to develop effective solutions to the coronavirus pandemic.  The Challenge is open to entrepreneurs, companies, civil society organizations and governments with bankable solutions or ventures to address the pandemic.… Read More

The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up to $10 billion to… Read More

During World Health Worker Week 2020 (5-11 April), the African Development Bank joins the global community to celebrate and recognise the contributions of health workers, including nurses and midwives, on the frontlines of the ongoing international response to the COVID-19 pandemic.  The week’s theme Leaders on the Front Line recognizes that health workers often put themselves and their families at… Read More

Where she comes from, people like her rarely find opportunities to pursue their ambitions. For a while, Nasike Robai thought she would suffer the same fate. But now, she is far more optimistic about her future after she found an opening to nurture her dreams. “I am taking a course in fashion design…I want to own a fashion shop and… Read More

The African Development Bank Group is pleased to announce the appointment of Mr. Nourredine Lafhel as Acting Chief Risk Officer, effective 6th April 2020. Lafhel, a Canadian national, is currently the Sovereign Credit and Market Risk Division Manager (PGRF3), in the Directorate of the Group Risk Management Function of the African Development Bank Group. An experienced risk management professional, Nourredine has more than twenty (20) years… Read More