Tag: African Development Bank

The Board of Directors of the African Development Bank Group has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses. The move will facilitate the import and export trade finance requirements of SMEs… Read More

African leaders and the United States government have underlined the the need for increased investment and prioritization of nutrition across the African continent. The African Development  Bank through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission convened a high-level discussion on 12 December, on the sidelines of the U.S.-African Leaders Summit. The leaders called… Read More

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, on Thursday approved grants worth $20.56 million to finance the fourth expansion of Banjul Port in The Gambia. The funding comprises an ADF grant of $13.71 million and another $6.85 million grant from the Transition Support Facility window. The project will… Read More

The Board of Directors of the African Development Bank Group on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the Bank plans to focus its development efforts on sustainable infrastructure and… Read More

Over 2000 delegates, including Africans from across the continent, attended the World Circular Economy Forum 2022 in Kigali, Rwanda held from 6-8 December. The event positioned Africa as a potential global leader in driving adoption of the circular economy paradigm owing to its youthful population, immense resources and entrepreneurial dynamism. It also showcased circular solutions from Africa and the global… Read More

The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in extreme poverty with at least 350 million still in that… Read More

The third ministerial meeting of the 5 Sahel countries of the Desert to Power initiative has taken place under the theme “Strengthening Public-Private Partnerships in the implementation of the Desert to Power Initiative.” Representatives of Burkina Faso, Chad, Mali, Mauritania and Niger attended the meeting held on 8 December 2022 in the Mauritanian capital. The African Development Bank Group, in collaboration… Read More

What:      Policy Dialogue on Natural Resource-based Development focusing on the Equitable Framework and Finance for Extractive-Based Countries in Transition (EFFECT) tool Who:        The Africa Natural Resources Management and Investment Centre of the African Development Bank and the OECD Development Centre Where:     Virtual (click here to register) When:      15-16 December 2022 The Africa Natural Resources Management and Investment… Read More

The  African  Development  Bank and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020. The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building, market research, and linkages with other relevant partners. The… Read More

The Board of Directors of the African Development Bank Group on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product. It… Read More