Tag: African Development Bank

The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience. The program includes two major components: Support for the Food Security Response and… Read More

Cyriaque Ndagijimana was a modest Rwandan farmer in Bugesera, a district in Eastern Province, Rwanda, known for its many marshes. While he managed TO provide for his family, he was tired of struggling to make ends meet. I wasn’t especially poor,” he says modestly. “But I couldn’t afford to send my three children to school.”  Then he heard about the… Read More

The Board of Directors of the African Development Bank Group on Friday approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and boost livelihood resilience. The program will support fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture. This… Read More

On July 13, the global credit rating agency Fitch Ratings affirmed the African Development Bank’s long-term credit rating: AAA with a Stable Outlook. This is a very strong endorsement of the African Development Bank’s financial strength and profile, as well as the extraordinary support of its shareholders. The importance of the Bank’s public mandate, its governance, and the excellent quality… Read More

The Board of Directors of the African Development Bank Group has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa. The project will enable 600 women-led businesses… Read More

The organizers of the African Economic Conference have issued a call for research and policy papers that focus on the event’s theme: Supporting Climate-Smart Development in Africa. This year’s conference will be held from December 9–11 in Port Louis, Mauritius. As has been the practice over the years, it will be hosted by the African Development Bank, the Economic Commission… Read More

Le Conseil d’administration de la Banque africaine de développement a approuvé, le 15 juillet 2022, à Abidjan, l’octroi d’un prêt de 62,99 millions d’euros au Cameroun. Le financement va permettre au pays d’augmenter la production des principales cultures agricoles (riz, maïs, sorgho, mil, soja, pomme de terre, huile de palme et cultures maraichères), afin d’atténuer l’impact de la crise alimentaire… Read More

The African Development Bank, the Green Growth Knowledge Partnership and the World Wide Fund for Nature (WWF), have hosted a dialogue to revalidate Mozambique’s commitment to mainstreaming its natural capital to spur the transition to a green economy. Mozambique, alongside Tanzania, was selected as a pilot country, for applying a natural capital approach in investment processes. The national dialogue titled… Read More

The Board of Directors of the African Development Bank Group today approved a grant of $8.1 million to South Sudan to fund its Emergency Food Production  Programme. Allocated through the Transition Support Facility, the grant constitutes additional financing to  the ongoing Agricultural Markets, Value Addition and Trade Development Project (AMVAT). AMVAT seeks  to contribute to reduced food insecurity, poverty reduction,… Read More

The Board of Directors of the African Development Bank Group today approved financing of $150 million to Kenya to support a major highway development project under the government’s First Mover Public-Private Partnership (PPP) programme. The project will see the development of the A8 and A8 South highways. The existing 175km A8 road from Rironi to Mau Summit will be transformed… Read More