Tag: African Development Bank

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a grant of $2 million to boost food production in Sierra Leone. The program falls under the African Development Bank Group’s $1.5 billion African Emergency Food Production Facility, a response to the global food crisis that resulted from the Russia-Ukraine… Read More

Every day, in Baguinéda, a small rural town in Kati Circle in the Koulikoro region of southern Mali, Tenin Traoré sells her biscuits on a sidewalk corner. Baguinéda  town has 32 villages and nearly 60,000 inhabitants. At 40 years old, married and with 12 children, Tenin describes herself as “a working housewife”. Taking care of twelve children is not an… Read More

Creating fiscal space for development finance and stepping up regional infrastructure projects will be vital to Africa’s road to achieving net zero, African Development Bank Director General for Southern Africa Leila Mokaddem told participants at the OPEC Fund’s inaugural Development Forum. “We need to rethink the way we finance development. We need to put more resources into institutions like the… Read More

Florence Latila remembers the destruction that flooding caused in Yaounde, the Cameroonian capital for over three decades from 1980. “When it rained, the water could reach my waistline. It was not possible to access the area to work on many days,” Latila said. About 2.8 million of the country’s 26 million inhabitants reside in Yaoundé. Over 130 floods struck the capital between 1980… Read More

The African Development Bank Group, on 25 July 2022, announces the nine-month debarment of Entreprise de Commerce et de Construction Immobilière with effect from 27 June 2022. Entreprise de Commerce et de Construction Immobilière is a limited liability company registered under the laws of the Republic of Côte d’Ivoire. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption… Read More

African Development Bank Group President Akinwumi Adesina completed a four-day official visit to Morocco today. Meeting with Prime Minister Aziz Akhannouch in Marrakech on Thursday, Adesina, spoke of the “excellent relationship between Morocco and the African Development Bank.” “The Kingdom of Morocco is an extremely valued partner of the Bank, with a large portfolio of top-tier operations,” Adesina said. Adesina… Read More

The African Development Bank’s Executive Director for Angola, Namibia, Zimbabwe and Mozambique has ended an official visit to Angola, noting  progress in the oil-rich nation’s reforms to stabilise and diversify the economy. During the visit which took place from 20 -21 July 2022, Dr. Judith Kateera engaged with government officials, visited projects and took stock of the African Development Bank’s… Read More

On Thursday 7 and Friday 8 July 2022, partners and donors of the African Development Bank’s Urban and Municipal Development Fund (UMDF) met in Brussels at a meeting hosted by the Wallonia Export and Investment Agency. At this annual meeting, the oversight committee examined the UMDF’s results and strategy and how to mobilize new funding to support African cities. The… Read More

In Njombe and other Southern highland regions in Tanzania, one of the difficulties faced by farmers and agro-dealers is having enough fertilizers to adequately meet their farming needs. Agro-dealer Sady Mwang’onda knows far too well these challenges. As much as he and other agro-dealers would want to supply farmers with more fertilizers, they are challenged by various constraints. “We reached… Read More

The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. The deal will enable African banks and their small and medium-sized enterprise (SME) clients to participate more in regional and international trade. It aims to support a cumulative trade transaction volume of $450 million… Read More