AfDB
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News
EAC central banks urged to embrace technology to facilitate cross-border financial transactions
ARUSHA, September 12, 2024 — East African Community [EAC] Partner States central banks have been called upon to embrace technology as part of efforts to facilitate cross-border payments within the EAC Common…
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News
AfDB top official tours major roads rehabilitation project in Kampala City
KAMPALA, September 3, 2024 – The Director for Climate Change and Green Growth at the African Development Bank [AfDB], Prof. Anthony Nyong, recently led the continent’s lender team to inspect the 69.2-kilometre …
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News
Nigeria’s food importation policy could destroy country’s agriculture, warns AfDB boss
ABUJA, July 16, 2024 – The President of the African Development Bank Group [AfDB] Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the…
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News
AfDB, WFP project boosts wheat production in war-torn Sudan amid soaring hunger
PORT SUDAN, June 22, 2024 – An emergency wheat production project in Sudan financed by the African Development Bank and executed by the United Nations World Food Programme [ WFP] has increased…
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News
AfDB, partners launch US$ 5.2mln project to help catalyse diaspora investment in eight African countries
ADDIS ABABA, June 14, 2024 – The African Development Bank [AfDB], the African Union Commission [AUC], and the International Organization for Migration [IOM] have signed a protocol agreement for US$ 5.2 million…
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Agriculture
Fort Portal: Stinking garbage irks Mpanga Market vendors
FORT PORTAL, January 12, 2024 – Mpanga Market vendors in Fort Portal City are worried about the stinking garbage which they fear could pose health risks to them. Talking to this reporter,…
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Africa
North Africa 2023: Over US$ 2bln released from AfDB for inclusive sustainable growth
CAIRO, January 11, 2024 – In 2023, the African Development Bank [AfDB] provided more than US$ 2 billion to countries in North Africa to finance a series of key operations in a…
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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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