Africa
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Sierra Leone and AfDB target US$ 90bln in annual illicit financial flows
FREETOWN, July 27, 2025 — A four-day high-level seminar concluded last week with concrete recommendations to combat the estimated US$ 90 billion that Africa loses annually to illicit financial flows, as the…
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Benin: AfDB approves over US$ 30mln to protect farmers from climate shocks and food insecurity
ABIDJAN, July 26, 2025 — The Board of Directors of the African Development Bank Group [AfDB] has approved US$ 30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience…
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Africa: New bank leadership, capital strategies drive African mining investment push
CAPE TOWN, July 23, 2025 — Several African multilateral banks and financial institutions have undergone significant leadership transitions this year aimed at aligning financial strategies with the continent’s evolving development and industrialisation…
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Major African Energy Fund backs electric cooking expansion in Uganda, Kenya, and Zambia
KAMPALA, July 23, 2025 –– The Sustainable Energy Fund for Africa [SEFA], managed by the African Development Bank [AfDB], is supporting efforts to reduce charcoal dependence in Uganda, Kenya, and Zambia through…
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AfDB approves €100mln to empower Morocco’s women and youth entrepreneurs in building inclusive and sustainable agriculture
RABAT, July 22, 2025 — The Board of Directors of the African Development Bank [AfDB] has approved a €100 million loan to support Morocco’s inclusive solidarity-based agriculture programme, focused on empowering women…
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ADF supports climate-resilient rice value chains across West Africa
ABIDJAN, July 20, 2025 — The Board of Directors of the African Development Fund [ADF], the concessional funding window of the African Development Bank Group, on July 17, 2025 approved a US$…
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Africa’s financial sovereignty: Mobilising institutional capital for development and resilience
ABIDJAN, July 19, 2025 — As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On May 28, during the African Development Bank Group’s 2025 Annual…
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AFSA to Host First Pan-African Chefs Gathering to Champion Indigenous Cuisine and Food Sovereignty
KAMPALA, July 18, 2025 –The Alliance for Food Sovereignty in Africa [ AFSA ] is to hold the continent’s first African Chefs Gathering and policy convening on African food systems, taking place…
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Financing Africa’s Minerals: Momentum Builds Ahead of African Mining Week 2025
CAPE TOWN, July 17, 2025 — International finance institutions are playing an increasingly pivotal role in Africa’s mining sector, providing essential capital and technical support to unlock the continent’s vast mineral potential.…
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In Burkina Faso, cashew cultivation is a lever for sustainable and inclusive rural development
ABIDJAN, July 17, 2025 — Launched in 2017 and completed in 2024, the Cashew Development Support Project in the Comoé Basin for REDD+ [PADA/REDD+] exemplified sustainable development. The project combined poverty reduction,…
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