Tag: African Development Bank

The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional lending window, has approved a grant of 6.4 million USD  to Gambia to implement the Incentive-Based Risk-Sharing System for Agricultural Lending Establishment Project (GAMIRSAL). The project will increase access to loans from financial institutions for agricultural value chain stakeholders. It will mobilize resources to promote… Read More

What:        United Nations Biodiversity Conference (COP 15) Who:         African Development Bank, United Nations Biodiversity, World Wildlife Fund, United Nations Environment Programme and other partners          When:       7-19 December 2022                             Where:      Montreal, Palais des Congrès The African Development Bank will attend major negotiation sessions of this Fifteenth meeting of the Conference of the Parties (COP15) to the Convention on… Read More

After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. It is the largest replenishment in the history of the Fund. ADF is the concessional window of the African Development Bank Group, providing grants… Read More

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African countries’ Nationally Determined Contributions. YouthADAPT is a flagship program under… Read More

On 17 November 2022, the African Development Bank Group Board of Directors approved the  2023-2027 Country Strategy Paper for Ethiopia. The key objective of the Strategy is to support Ethiopia in expanding inclusive and sustainable growth through agro-industrialization, improved connectivity and competitiveness and reduced vulnerability to shocks. The blueprint focuses on two priority areas: i. improving economic and financial governance… Read More

Who:      African Development Bank Group, African Leaders for Nutrition, the African Union Commission, and the Government of Côte d’Ivoire      When:    8th of December  2022 Where:   Abidjan, Côte d’Ivoire The African Development Bank Group’s African Leaders for Nutrition initiative, the African Union Commission, and the government of Côte d’Ivoire will co-organize a high-level meeting on the theme of the African Year… Read More

Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025. The meeting will be attended by representatives from the Fund’s donor countries and the senior management of the African Development Bank Group,… Read More

What:      World Circular Economy Forum 2022 Who:       Sitra, African Circular Economy Network, African Circular Economy Alliance; and the government of  Rwanda        When:      5 December (pre-event media briefing);  6-8 December 2022 (Forum)      Where:     Kigali, Rwanda and online The 6th World Circular Economy Forum, WCEF2022, will take place from 6 to 8 December in Kigali, Rwanda. Under the… Read More

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora to its growth and development. The hybrid event took place against the difficult geopolitical backdrop of high global economic imbalances slowing direct investment into the continent as… Read More

The African Development Bank Group is providing  $301 million to overhaul  the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project will bolster rail services and lower transportation costs in a region… Read More