African Development Bank
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Gov’t considers issuing corporate bonds to fund state-owned enterprises
KAMPALA, May 13, 2025 –– Government is exploring plans to issue corporate bonds in the upcoming financial year as a strategy to raise capital for state-owned enterprises, and to rejuvenate the country’s…
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Amadou Hott, AfDB presidential candidate, unveils a vision for Africa’s self-reliance
WASHINGTON D.C., May 7, 2025 — Amadou Hott, former Vice President of the African Development Bank [AfDB] and former Minister of Economy, Planning and Cooperation of Senegal has laid out his bold…
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AfDB appoints Ugandan as Director General for Eastern Africa
KAMPALA, May 3, 2025 — The African Development Bank Group [AfDB] has appointed Dr. Alex Mubiru as Director General for the East Africa Regional Development, Integration and Business Delivery Office and Country Manager…
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Mbarara Central Market vendors petition city authorities over leadership disputes and other concerns
MBARARA CITY, May 2, 2025 – Vendors at Mbarara Central Market on Tuesday morning staged a peaceful gathering at the City Hall, seeking clarification on several administrative inconsistencies affecting the market’s operations.…
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From Aid to Investment: Africa Investment Forum Builds US$ 225B Momentum in Making Continent Bankable
WASHINGTON D.C., April 24, 2025 — Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated US$ 29.2 billion of investment interest, its nine founding partners are bracing for an…
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ShafDB signs MOU with CPF Group to scale up development of affordable housing in Kenya
NAIROBI, April 22, 2024 — Shelter Afrique Development Bank [ShafDB], a leading Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development, has signed a Memorandum of Understating [MOU]…
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Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone
CALABAR, April 18, 2025 — Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone [SAPZ] after the country’s Vice President Kashim Shettima and African Development…
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AfDB Mulls US$ 500 Million Facility to Mobilise Financing for Smallholder Farmers
NAIROBI, March 22, 2025 — African Development Bank Group [AfDB] President Dr. Akinwumi Adesina has announced plans to launch a US$ 500 million facility designed to unlock US$ 10 billion in financing…
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AfDB, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa
ABIDJAN, March 18, 2025 — The African Development Bank Group, African Water Facility, and the Association of European Development Finance Institutions will host a high-level event to generate investment for water and…
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EAC Partner States urged to adopt modern technologies in oil and gas sector to facilitate transition to clean energy
ARUSHA, March 13, 2025: East African Community [EAC] Partner States have been challenged to leverage the latest technological advances to align the oil and gas sector in the region to the global goal…
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