Tag: African Development Bank

The Board of Directors of the African Development Bank has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy. The loan comprises a $130 million line of credit from the Bank and an additional $30 million in funds from the Africa Growing Together Fund (AGTF). The financing will… Read More

The African Development Bank and the Eastern and Southern African Trade and Development Bank (TDB) have united to launch a unique financial instrument to catalyze financing for sustainable development on the continent. At the ongoing global climate summit, COP27, the African Development Bank on Wednesday announced an investment commitment of $ 15 million in TDB’s Class C Green+ Shares. This… Read More

At the end of a three-day official visit to Angola, African Development Bank Group’s Director General for Southern Africa Leila Mokaddem has commended the Lusophone nation for its ongoing economic reforms. Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key portfolios. Her visit focused on the preparation of a new… Read More

The African Development Bank has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across Africa. The University of Oxford’s Public and Third Sector Academy for Sustainable Finance (P3SA) is a global center of learning and capacity building. It focuses on how the public and third sectors… Read More

La Banque africaine de développement va financer la construction du corridor routier Bissau-Dakar. Son Conseil d’administration en a donné le feu vert, mercredi 9 novembre 2022, à Abidjan, pour un financement de 100,73 millions de dollars américains, destinés à la réalisation de la première phase du projet Farim-Tanaff-Sandinieri. L’appui financier de la Banque va ainsi servir à réaliser un pan… Read More

The OPEC Fund for International Development and the African Development Bank Group have signed a memorandum of understanding to expand their partnership to support sustainable economic and social development in Africa. The agreement, signed at the 27th United Nations Climate Conference (COP27) in Sharm El-Sheikh, Egypt on 8 November, sets the scope for further strategic and operational cooperation through co-financing of… Read More

In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives. Launched at the end of 2018, the Agrifood Processing Project of Togo… Read More

Global leaders on Tuesday rallied around climate adaptation for Africa. They attended the Africa Adaptation Leaders’ Event, convened by African Union Chair President Macky Sall of Senegal, Global Center on Adaptation CEO Patrick Verkooijen, and African Development Bank Group President Akinwumi Adesina. The event took place at the global climate summit (COP27) in Sharm El-Sheikh, Egypt. It underscored the critical… Read More

African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change. The event, dubbed ‘Africa Day,’ provided countries and development partners, including the African Development Bank, the opportunity to highlight measures to tap the continent’s unique… Read More

The African Union (AU) welcomed the Netherlands’ contribution of EUR 110 million in support of the Africa Adaptation Acceleration Program (AAAP) ahead of the COP27 Leaders’ Event on Accelerating Adaptation in Africa. The Prime Minister of Netherlands Mark Rutte announced the financial commitment during a high-level meeting with Senegal’s President Macky Sall who is also the Chairperson of the African… Read More