Tag: African Development Bank

The Covid-19 pandemic has forced Africa’s women entrepreneurs to rethink how they run their businesses, organize their workspaces, and manage employees. They have had to innovate and adapt to new, restrictive and challenging market realities. The shift includes remote working and introducing a raft of new technology, tools, and digital platforms to connect effectively with customers and employees. To provide… Read More

The Board of Directors of the African Development Fund, the concessional financing window of the African Development Bank Group has approved $10.53 million in financial support to Côte d’Ivoire. The funds, to be disbursed to the Ivorian government, will be used to connect 739 rural localities to clean, affordable electricity as part of the government’s ” Electricity for All Program.”… Read More

African Development Bank President Dr. Akinwumi Adesina has been named 2022 Man of the Year (Africa) by Exclusive Men of the Year (EMY), for his visionary leadership as the president of the African Development Bank Group and for his outstanding contribution to Africa during his period as agriculture minister of Nigeria. The EMY awards are organized by the EMY Africa… Read More

Drug stock-outs and shortage of medical equipment in health facilities in Rwanda are becoming a thing of the past, thanks to an innovation that is addressing procurement constraints. Viebeg Technologies, a venture capital-backed Health Tech company, is helping to expand access to affordable health care in Central and East Africa by aiding healthcare facilities in procuring supplies in real-time. It… Read More

At the end of a five-day visit to Morocco, Executive Directors of the African Development Bank Group lauded the Moroccan government’s vision for development and the progress the country has achieved. The Bank Group’s Board delegation of about 10 executive directors, accompanied by the Country Manager for Morocco, Achraf Hassan Tarsim, met with government officials, civil authorities and private sector… Read More

The African Development Bank’s Innovation & Entrepreneurship Lab and the Swiss State Secretariat have launched a new report assessing the state of entrepreneurship in Egypt. Dr Ayman Ismail, a professor at the American University in Cairo, presented findings and recommendations of Entrepreneurship in Egypt: an ecosystem overview 2022 to participants from a number of countries during a virtual event held… Read More

The Board of Directors of the African Development Bank Group has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in Nigeria. FSDH will use the line of credit to provide loans to local enterprises in Nigeria. The $25 million package will help to reduce the trade finance gap in Nigeria… Read More

Quoi ?         3e Forum africain de financement des engrais Qui ?           Banque africaine de développement, OCP Africa et le Mécanisme africain de financement du développement des engrais Quand ?      Du 12 au 13 octobre 2022, à partir de 8h (GMT+1) Où ?            En présentiel à l’Hôtel Hyatt Casablanca (Maroc)                     En visioconférence, sur la plateforme de la conférence (lien ci-dessous) Le Groupe… Read More

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets. The partial credit guarantee will enable Benin to raise funds in foreign currency from international investors for expenditures related to… Read More

To address Guinea-Bissau’s development challenges, the African Development Bank’s new strategy will promote economic diversification, structural transformation and lay the foundation for inclusive, resilient, and sustainable growth through support for infrastructure and good governance. The African Development Bank Group and Guinea-Bissau mutually adopted this approach in the Country Strategy Paper 2022-2026, published on 20 September 2022. The objective of the… Read More