Tag: African Development Bank

In the face of a looming food crisis that could hit Africa and other parts of the world on account of Russia’s war in Ukraine, Norway this week announced that it is providing 100 million Norwegian Kroner (approximately $9.2 million ) to the African Development Bank’s African Emergency Food Production Facility. Norway’s Minister for International Development Anne Beathe Tvinnereim said… Read More

The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings… Read More

Implemented between 2017 and 2021, the Guinea-Bissau Support Project to Build Institutional Capacity in the Justice Sector helped to improve the quality of training in the judicial sector, particularly for lawyers. It also contributed to an increase in the number of women members of the national bar association; there were three before the project and there are now 58. The… Read More

The Board of Directors of the African Development Bank has approved a loan of 2.3 billion South African rands ($134.9 million) in co-financing for the second phase of Namibia’s Governance and Economic Recovery Support Program (GERSP II). The funds will support Namibia’s resilience and post-Covid-19 inclusive economic recovery by strengthening governance and implementing real sector reforms. German development bank Kreditanstalt… Read More

The Board of Directors of the African Development Bank approved on Wednesday, 28 September 2022, in Abidjan a €199 million loan to finance Morocco’s Competitive and Resilient Cereal Development Support Program (PADCRC). This new operation forms part of the African Emergency Food Production Facility to help boost food security, nutrition, and resilience across Africa. The program will help reduce Morocco’s… Read More

Amid rising urgency for  instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.  The partners pledged to extend direct transaction support for specific projects, including infrastructure development and optimizing balance sheets by sharing risk. They will develop new… Read More

Joint network lifetime planning and implementation of regional borderless crossings are key tools for the scaling up of integrated regional freight transport and logistics systems in Africa, participants at a conference to highlight the financing gap for African infrastructure heard. The focus of the one-day conference, organized by the African Development Bank and Transnet on 23 September 2022, was building… Read More

On the north-eastern outskirts of Ouahigouya, the capital of Yatenga Province in northern Burkina Faso, the size of two internally displaced persons (IDP) camps indicates the scale of assistance required to cope with the humanitarian crisis caused by terrorist attacks. Since 2015, Burkina Faso and other Sahelian countries have been grappling with acute insecurity that is causing significant displacement of… Read More

The African Development Bank has signed a grant agreement for $400,000 with the Caisse des dépôts et consignations of Côte d’Ivoire (CDC-CI). The funds will support CDC-CI to accelerate its activities to assist Ivorian small and medium-sized enterprises. The agreement was signed on 27 September 2022 in Abidjan. CDC-CI is  a State bank that handles official deposits. The grant will… Read More

It has been three years since the African Development Bank launched a programme in Madagascar to support the growth of small and medium-sized enterprises in the country. Objectives: To enable them to achieve economies of scale and create better employment opportunities for women and young people in key sectors of the Malagasy economy, in order to reduce inequality and poverty… Read More