African Development Bank Press Releases

• Published on November 30, 2023 - 13:56 GMT

  

  Cameroon: African Development Bank Group loans over EUR 73 million for construction of a bridge over the River Ntem between Campo (...

  The Board of Directors of the African Development Bank Group on 29 November 2023 granted financial support of EUR 73.44 million to Cameroon for the construction of a bridge over the River Ntem, which forms a natural boundary with Equatorial Guinea. The …

  Distribution channels: Banking, Finance & Investment Industry
• Published on November 22, 2023 - 18:19 GMT

  

  Chad: the African Development Bank approves a donation of over EUR 34 million to improve water and sanitation

  The Board of Directors of the African Development Bank Group approved a donation of EUR 34.27 million to Chad in Abidjan on 17 November 2023, to implement the second phase of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 of …

  Distribution channels: Banking, Finance & Investment Industry
• Published on October 4, 2023 - 10:06 GMT

  

  Somalia: African Development Bank Group approves $13.3 million grant to help improve domestic revenue mobilisation and public ...

  The Board of Directors of the African Development Bank Group on 2 October 2023 approved a grant of $13.29 million to Somalia to help improve domestic revenue mobilization and public expenditure management under the Institutional Support for Economic …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 8, 2023 - 16:31 GMT

  

  The African Development Bank and the Government of Morocco sign MoU to hold 2023 Africa Investment Forum Market Days in Marrakech

  The 2023 edition of the Africa Investment Forum (AIF) Market Days has officially been launched in Morocco. The continent’s main investment market, the event, which aims to unleash Africa's value chains will be held from 8-10 November in Marrakech. The …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 7, 2023 - 10:18 GMT

  

  Central African Republic: the African Development Bank Group donates €12.62 million to support workplace reintegration for ...

  Funding Approval date: 6 September 2023. Project name: Support Programme for Reconstruction of Grassroots Communities, phase 2 (PARCB-2). Amount: donation of €12.62 million from the Transition Support Facility. Joint funding in parallel with the United …

  Distribution channels: Banking, Finance & Investment Industry
• Published on August 16, 2023 - 11:24 GMT

  

  Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production

  The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General …

  Distribution channels: Banking, Finance & Investment Industry
• Published on August 10, 2023 - 16:26 GMT

  

  Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, ...

  The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country. The Bank’s Country Manager in Guinea, …

  Distribution channels: Banking, Finance & Investment Industry
• Published on August 9, 2023 - 12:27 GMT

  

  Samia Ben Abdallah, the Tunisian entrepreneur who dreams of conquering the world with her AWA leather goods brand

  Methodical, thoughtful and rigorous, Samia Ben Abdallah Ben Khalifa never rushes into anything. In 2017, the graduate of the National School of Architecture and Urban Design in Tunis launched her own business: AWA, for “Architect with Artisan”, a line of …

  Distribution channels: Banking, Finance & Investment Industry
• Published on July 20, 2023 - 13:25 GMT

  

  African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia

  In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country …

  Distribution channels: Banking, Finance & Investment Industry
• Published on June 26, 2023 - 10:10 GMT

  

  Kenya: African Development Bank Group Board okays funds to support women and youth in agribusiness

  The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 30, 2023 - 16:52 GMT

  

  Tanzania: The African Development Bank provides a USD 2 million partial credit guarantee and a USD 528,600 grant to facilitate ...

  Financing Date of approval: 24 May 2023 Project name: AFFM Partial Credit Guarantee Provisioning Project Amount The Africa Fertilizer Financing Mechanism (AFFM), managed by the African Development Bank, will provide the African Fertilizer and Agribusiness …

  Distribution channels: Banking, Finance & Investment Industry
• Published on April 6, 2023 - 11:16 GMT

  

  Eritrea: The African Development Bank Board approves US$49.92 million to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare

  Financing Approval date 1 March 2023 Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea. Amount: US$ 49.92 million grant comprising US$ 19.5 million from the African Development Fund (ADF-15) and US$ 30.42 million from …

  Distribution channels: Banking, Finance & Investment Industry
• Published on March 29, 2023 - 13:45 GMT

  

  African Development Bank approves $147 million in subordinated debt to the Mauritius Commercial Bank to bolster capital base and ...

  The Board of the African Development Bank Group has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, …

  Distribution channels: Banking, Finance & Investment Industry
• Published on March 23, 2023 - 12:28 GMT

  

  African Development Bank signs €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to support water ...

  The African Development Bank has signed a €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu- …

  Distribution channels: Banking, Finance & Investment Industry
• Published on March 23, 2023 - 12:03 GMT

  

  World Water Day: Osward Chanda, Director for Water and Sanitation Development, reflects on the African Development Bank’s ...

  This year's World Water Day theme is “accelerating change to solve the water and sanitation crisis”. What does this theme mean to you? Accelerating change, “to solve the water and sanitation crisis” and “leaving no one behind”, requires bold policy …

  Distribution channels: Banking, Finance & Investment Industry
• Published on February 13, 2023 - 11:59 GMT

  

  Trans-Sahara Highway: “The Niger section is almost complete and offers new economic opportunities for the population”, Alberic ...

  The Trans-Sahara Highway, linking West Africa to North Africa from Lagos to Algiers, has entered its final construction phase. The 9,400-kilometer road is critical to establishing the African Continental Free Trade Area. The African Development Fund, the …

  Distribution channels: Banking, Finance & Investment Industry
• Published on January 23, 2023 - 18:27 GMT

  

  Regular economic performance analysis could bolster investment decisions in Africa, says African Development Bank Chief Economist

  The African Development Bank Group’s Acting Chief Economist and Vice President for Economic Governance and Knowledge Management, Professor Kevin Chika Urama, shares his thoughts on the inaugural Africa’s Macroeconomic Performance and Outlook report, …

  Distribution channels: Banking, Finance & Investment Industry
• Published on January 3, 2023 - 09:46 GMT

  

  Chocs climatiques : la Banque africaine de développement octroie 19,25 millions de dollars à Madagascar pour faire face aux ...

  Le Conseil d’administration de la Banque africaine de développement a approuvé, le 5 décembre dernier, à Abidjan, un financement additionnel de 19,25 millions de dollars américains en faveur de Madagascar pour l’aider à faire face aux chocs climatiques …

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• Published on December 22, 2022 - 14:48 GMT

  

  Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

  The Board of Directors of the African Development Bank Group has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another …

  Distribution channels: Banking, Finance & Investment Industry
• Published on December 22, 2022 - 11:48 GMT

  

  African Development Bank approves $40 million Trade Finance Package to Bank One Limited Mauritius

  The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of Mauritius. The financial package comprises a $25 million Risk Participation Agreement and a $15 million …

  Distribution channels: Banking, Finance & Investment Industry