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AfDB supports Ghana’s COVID-19 response with US$69 million grant

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The African Development Fund (ADF) approved on Friday, a 69 million U.S. dollars financing support for Ghana's response to the outbreak of the new...
AfDB

Fitch Affirms Triple A Rating of the African Development Bank

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Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with stable outlook. According...
AfDB

Africa’s growth stands to rebound to 3 percent in 2021-AfDB

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Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African Development...
Afdb

African Development Bank gets S&P Global’s AAA rating, with stable outlook

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Rating agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook The...

Let’s invest in Africa’s future and prepare its workforce – AfDB President

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African Development Bank (AfDB) Group President Dr Akinwumi Adesina says collective action involving governments, households, international donors and the private sector will be required...
Afdb

AfDB approves US$288.5 million to support Nigeria’s COVID-19 response

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The African Development Bank (AfDB) on Saturday said it has approved 288.5 million U.S. dollar loan to help Nigeria tackle the COVID-19 pandemic and...
AfDB

AfDB mobilizes €264 million to support Morocco

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The Board of Directors of the African Development Bank (AfDB) approved Wednesday in Abidjan, financing of €264 million (more than 172 billion CFA francs)...
Afdb

AfDB loans Morocco US$290 million for COVID-19 response

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The African Development Bank (AfDB) said on Wednesday it has approved a loan of 264 million euros (290 million U.S. dollars) to help Morocco...
Covid

Africans must work together to deal with COVID-19 challenges

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African political leaders, entrepreneurs and civil society organizations have been asked to pull together to beat the flu-like coronavirus. Participants...
AfDB

Ireland’s membership of AfDB, AfDF marks enhanced partnership with Africa

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The Irish government said on Tuesday that its membership of African Development Bank (AfDB) and African Development Fund (AfDF) marks its enhanced partnership with...
Akinwumi Adesina

AfDB announces US$10 billion financing package to boost Africa’s fight against COVID-19

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Regional multilateral lender the African Development Bank (AfDB) Group announced on Wednesday the creation of a 10 billion U.S.dollars facility to aid Africa's...
Afdb

AfDB secures US$3 billion in bonds for Africa’s COVID-19 response

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The continental lending institution Africa Development Bank (AfDB) said it had secured a total of 3.0 billion U.S. dollars through a three-year bond to...
AfDB

AfDB announces bold measures to deal with coronavirus

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The African Development Bank has announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a...
Afdb

AfDB approves US$122 million framework to clear Somalia arrears

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The African Development Bank (AfDB) and the African Development Fund on Wednesday approved a framework for 122.55 million U.S. dollars to clear Somalia's arrears. ...
AfDB

AfDB blueprint on addressing human capital gap lauded at AU event

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Speakers at a side event of the 33rd African Union (AU) summit in Ethiopia's capital Addis Ababa have lauded the latest report of the...
President of African Development Bank Akinwumi Adesina (R) shakes hands with Bank of Industry of Nigeria Chief Executive Officer Olukayode Pitan during the launch of the Global Gender Summit in Kigali, capital of Rwanda, Nov. 25, 2019. The AfDB launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. (Xinhua/Cyril Ndegeya)

58.5 million children in Africa suffering from stunting – Akinwumi Adesina

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Around 58.5 million children in Africa are suffering from stunting, creating an adverse impact on the continent's economic potential, the Africa Development Bank (AfDB)...

Finance Ministry, AfDB sign loan agreement for Eastern Corridor roads

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The Ministry of Finance, on Wednesday, signed a loan agreement of $81.67 million with the African Development Bank (AfDB) to roll out...
AfDB

AfDB sponsored Off-Grid Energy Access Fund reaches final equity close

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The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital...
Afdb African Development Bank X

AfDB urges Zimbabwe to continue with economic reforms

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The African Development Bank (AfDB) on Thursday urged Zimbabwe to continue implementing reforms to ensure macro-economic stability in the country. "We urge...
Regus Offers Ghana Workers Free Flexible Workspace to Lessen the Environmental Impact of Long Commutes

Why African investors need to venture into the fast-growing flexible workspace industry

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Francis Kariuki, recently a former Head of Operations at a flexible workspace (also known as a coworking space) in Kenya sits across from me...
Africa-China

Africa benefits from Chinese engagement in replicating China’s socioeconomic successes

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Ethiopia and fellow African countries have benefited a lot from Chinese engagement amid their crucial need to replicate China's success across socioeconomic development arenas,...
AfDB

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...
Afdb African Development Bank X

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...

Investing in Portuguese-Speaking Africa: The moment is now

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Economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area - are making...
Afdb African Development Bank X

Burkina Faso obtains multimillion-dollar loan from AfDB for agricultural project

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Burkina Faso on Wednesday obtained a mixed loan and grant financing up to a total amount of 21 billion CFA francs (about 35.15 million...
AfDB

UK reviews support for AfDB

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The UK government is reviewing the effectiveness of the Department for International Development’s (DFID) financial support to the African Development Bank (AfDB) to reassess...

UN,AfDB High-Level Meeting Calls for Speed and Action on SDGs

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An estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on...

AfDB President calls for de-risking of loans to youth businesses

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President Adesina of the African Development Bank has made a clarion call to global investors, political leaders and the business community “to put...
AfDB

AfDB supports Senegal Gov’t with €60 million

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The Board of Directors of the African Development Bank has approved a loan of €87 million to the government of Senegal, to implement...

AfDB supports Mozambique with $50million for post-cyclone relief

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An international pledging conference to finance the reconstruction of parts of cyclone-hit Mozambique took place in the city of Beira on 31 May and...