AfDB
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Africa
AfDB approves US$ 696.41mln of financing for Burundi and Tanzania to build SGR
ABIDJAN, December 13, 2023– The African Development Bank [AfDB] has approved various financing structures valued at US$ 696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo…
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Africa
COP 28: AfDB’s US$1bln insurance facility to protect millions of farmers in Africa
DUBAI, December 4, 2023 – The African Development Bank [AfDB] has presented its planned US$1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts…
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Africa
Resource-rich Africa has no excuse to remain poor, says AfDB boss
ABUJA, November 30, 2023 – With US$ 6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be…
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East Africa
AfDB launches capacity building initiative to enhance trade in East Africa
ARUSHA, October 30, 2023 – The African Development Bank [AfDB] is partnering with the East African Community [EAC] Secretariat and the United Nations Conference on Trade and Development [UNCTD] to launch a…
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Cooperatives & Communities
AfDB supports small horticultural businesses in TZ with US$ 2.5mln grant
DODOMA, October 23, 2013 – The Board of Directors of the African Development Bank [AfDB] has approved a U$ 2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. According…
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Africa
Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
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Africa
Korea and the AfDB strengthen drive towards Africa’s food security
SEOUL, September 13, 2023 – The Government of Korea and the African Development Bank Group [AfDB] are intent on strengthening their partnership to support African countries in achieving food security in five…
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Africa
Ethiopia and AfDB Group ink US$ 84.3mln grant agreement to enhance wheat production
ADDIS ABABA – The African Development Bank Group [AfDB] has awarded grant funding totalling US$ 84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide…
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West Nile
AfDB okays construction of Shs 32bln Nebbi Modern Market
NEBBI – Officials from the African Development Bank [AfDB] were in Nebbi Municipality days ago on an appraisal mission following the completion of the feasibility study for the construction of the Shs…
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East Africa
Kenya: AfDB okays funds to support women and youth in agribusiness
NAIROBI – The African Development Bank [AfDB] has approved an equity investment of €18 million in the Africa Guarantee Fund [AGF] and another €1.2mln to support youth and women entrepreneurs engaged in…
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