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African Development Bank, Asian Infrastructure Investment Bank (AIIB)

African Development Bank, & Asian Infrastructure Investment Bank (AIIB) Renew Partnership For Africa’s Sustainable Growth

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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Burkina Faso: The African Development Bank Supports Training For Design Engineers At The Higher Institute Of Electrical Engineering (ISGE)

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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African Development Bank Launches Country-By-Country Reports On Africa’s Climate Change, Green Growth Financing Needs Ahead Of COP28

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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African Development Bank Embraces ‘Risky’ Entrepreneurs: Young Fishers In Senegal Increase Their Incomes Threefold And Turn Their Backs On Illegal Immigration

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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Cote d’Ivoire: African Development Bank Extends €400 Million In Partial Credit Guarantees To Mobilize Funds

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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Namibia: Urban Areas To Receive Boost As African Development Bank Fund Approves Grant For Solar Electricity In Informal Settlements

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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Kenya: African Development Bank Group Board Okays Funds To Support Women And Youth In Agribusiness

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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African Development Bank, European Investment Bank, Islamic Development Bank And World Health Organization (WHO) Launch New Investment Platform To Strengthen Primary Health Care Services

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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African Hidden Champions Hosts First Regional Reception For 2023 In Nairobi

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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United Nations (UN) Cites African Development Bank As A World Model In Climate-Adaptation Finance

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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