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The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic […]
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The African Development Bank’s support is helping to forge a stronger reputation for the ISGE, which can now welcome students from several African countries Twenty-four-year-old Josias Idani is looking forward to his career with confidence. Following his studies, which led to a design engineer diploma in June 2023, he now nurtures his goal of expanding […]
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The new Country Focus Reports (CFRs) provide analysis and policy recommendations to strengthen countries’ active participation at COP 28 Ahead of the 28th United Nations Conference on Climate Change (COP 28), the African Development Bank Group (https://www.AfDB.org) has launched country-by-country economic reports to guide African policymakers in their discussions at the global event. The new […]
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The Project to Support and Enhance the Entrepreneurial Initiatives of Women and Young People focuses on training, support for formalising businesses, funding and post-funding follow-up with the beneficiaries to ensure that interventions are sustainable Launched in 2020, the Project to Support and Enhance the Entrepreneurial Initiatives of Women and Young People (PAVIE) (https://apo-opa.info/44tUHxa) implemented in Senegal, […]
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For Strategic Environmental, Social And Governance (ESG) Projects The partial credit guarantee will enable Côte d’Ivoire to raise long-term financing from commercial banks, in line with its ESG Framework The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €400 million partial credit guarantee for Côte d’Ivoire, to support the mobilization […]
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The “Informal Settlement Renewable Electrification and Upgrading Program” will directly benefit around 200,000 people in Windhoek, where around 20% of the population does not have electricity The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN) has approved a grant of $485,000 for a solar electricity project in Namibia that will power some […]
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The funding, approved on June 6, 2023, was provided by the European Union (EU) under its partnership with the African Development Bank Group The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth […]
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The Platform will make an initial €1.5 billion available to low- and low-and-middle income countries in concessional loans and grants to expand the reach and scope of their primary health care services In a landmark development aimed at investing in and strengthening essential, climate and crisis-resilient primary health care services in low- and low-and-middle income […]
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The Nairobi reception marked the African Development Bank’s first official engagement with AHC, as new co-partner in the initiative with Africa Foresight Group (AFG) and DEG, Germany’s Investment and Development Corporation African Hidden Champions (AHC), an initiative that promotes dynamic African companies and helps them on their path to global leadership, held its first regional […]
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During the 76th session of the UN General Assembly held in September 2021, Secretary-General António Guterres lauded the African Development Bank’s leadership on climate adaptation As Africa’s foremost development finance institution, the African Development Bank Group (www.AfDB.org) has significantly increased its commitments to climate finance since the 2015 United Nations Climate Change Conference (COP 21) […]
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