Tag: African Development Bank Group
COVID-19: African Development Bank unveils $10 billion Response Facility
The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
The Facility...
African Development Bank Group approves Gender Equality Trust Fund
The Board of Directors of the African Development Bank Group have approved a new Gender Equality Trust Fund (GETF) aimed at pushing forward gender...
AU, AfDB sign $4.8million grant earmarked for continental free trade secretariat
The African Development Bank Group has signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African...
AfDB debars Lutoyilex Construct Ltd for fraudulent practices
The African Development Bank Group on 16 July 2019, announces the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and its...
AfDB joins the global call for universal health coverage for all
African Development Bank Group, on the occasion of World Health Day 2019 renewed its call for firmer commitment to pledges made by...
Governors Hail AfDB’s Transformative Plan for Africa
About 370 transformative bank projects worth $11.3bn were undertaken by the African Development Bank Group (AfDB) in the African region between 2010-2017.
In 2018 alone,...
AUC, AfDB design special ways to trace nutritional growth
The African Union Commission (AUC), the African Development Bank Group (AfDB) and global partners have launched the Continental Nutrition Accountability Scorecard to raise awareness...
AfDB Okays US$14.12 million to support Nigeria’s membership in ATI
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership...
AfDB Pumps US$18.17m For Solar Project In Kenya
The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by...
AfDB Urges Power Sector To Capitalize On Women’s Capabilities
The African Development Bank Group, in partnership with the French Development Agency, Association of Power Utilities of Africa and African Network of Centers of...
AfDB Commits US$ 15m Into Nkhata Bay Town Water Supply And Sanitation Project
The African Development Bank Group, has approved a US$15 million grant from the African Development Fund (ADF) for a water supply and sanitation project...
ALSF Outdoors Academy Project
The African Legal Support Facility (ALSF) has launched a flagship initiative, the “ALSF Academy Project." Under this initiative, the ALSF has developed a...
AfDB supports Cameroon livestock, fish farming with €84 million loan
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African...
Alleged fraudulent practices: AfDB debars Cameroon consulting firm.
The African Development Bank Group has announced the debarment of GEO SCIENCES INTERNATIONAL SARL, a consulting firm based in Yaoundé, Cameroon, for a minimum...
6th EU-Africa Business Forum opens in Abidjan
The 6th EU-Africa Business Forum opened in Abidjan, Côte d’Ivoire, on Monday, with an emphasis on job creation and investment in millions of young...
AfDB Commends Nigeria’s Economic Recovery and Diversification Plans
The Nigeria House of Representatives has constituted a Tactical Committee on Economic Recession to guide innovative legislative actions by the House and the National...
AfDB to Offer Assistance in Sudan Resilience Building
The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, 18 October 2017 approved Sudan’s Country Brief 2017-2019, designed to help...
AfDB Fund Board Okays Credit Enhancement Facility for the Private Sector
The Board of Directors of the African Development Fund (ADF), approved on Wednesday, 11 October 2017 in Abidjan credit risk participations in eight loans...
Benin: AfDB Supports Complete Growth Via Agricultural Value Chains
The Board of Directors of the African Development Bank Group (AfDB) has approved the institution’s intervention strategy in Benin for the period 2017-2021.
The strategy...
Bank Group Accepts 2nd Monitoring Report on SA Medupi Power Project
The Boards of Directors of the African Development Bank Group approved on September 6, 2017 the recommendations of the Second Monitoring Report of the...
AfDB and Korea Prepares for 2018 Annual Meetings
The African Development Bank Group (AfDB) and the Government of Korea have officially launched preparations for the Bank’s 2018 Annual Meetings, to be held...
African bank supports US$6.5 million to help South Sudan
A statement from AfDB received in Juba on Saturday said the funds from the Transition Support Facility-Trust Fund will strengthen efficient utility operations, private...
World leaders disagree to agree on Climate deal
As the eyes of the world turned on Paris for the much anticipated Climate Conference (COP 21), US President Barrack Obama agreed with proponents...
AfDB sees a 15.3% increase in its operations turnover
The African Development Bank Group (AfDB) realised a 15.3 per cent increase in its operations turnover in 2014 despite the challenging global and regional...
Nigerian government seeks legislative support to increase foreign investment
The Nigerian government will greatly improve the nation's foreign direct investment if the National Assembly passed its eight reform bills, the Bureau of Public...
Turkey Joins African Development Bank Group
The Republic of Turkey participated in the African Development Bank Group?s Board Meetings for the first time last week in Tunis (http://www.afdb.org), following the...
AfDB Group Approves New Ten-Year Strategy
The economic transformation of the African continent is the cornerstone of the African Development Bank Group?s new Ten-Year (2013-2022) Strategy. The Strategy, which has...