African Development Bank
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News
Africa delivers first mechanism for international cooperation on climate change adaptation under Paris Agreement
KAMPALA, February 6, 2025 — The African Development Bank’s Adaptation Benefits Mechanism [ABM], piloted across Africa since 2019, has become the first non-market approach registered on the United Nations Framework Convention on…
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Africa
Mission 300: African leaders pledge to advance clean cooking solutions for Africa at milestone Energy Summit
DAR ES SALAAM, February 2, 2025 — African countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking which kills roughly 600,000…
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Tanzania summit declaration vows to connect 300mln Africans with cheap electricity within five years
DAR ES SALAAM, January 29, 2025 — African leaders committed on Tuesday to delivering affordable electricity to 300 million people across the continent within five years. The pledge, known as the Dar es Salaam…
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Africa to connect 300mln to electricity by 2030 in new ambitious and collaborative initiative
DAR ES SALAAM, January 28, 2025 –– Connecting 300 million Africans to electricity within the next five years is within reach through collaborative effort and commitment to implementation, participants at the Africa Energy…
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PAFO and AfDB strengthen partnership to support small-scale farmers
ABIDJAN, December 19, 2024 — The Pan African Farmers’ Organisation [PAFO] and the African Development Bank [AfDB] are strengthening their collaboration to enhance support for small-scale farmers across Africa. A PAFO delegation…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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AfDB approves US$ 170mln for Egypt’s largest wind energy project
ABIDJAN, December 4, 2024 — The Board of Directors of the African Development Bank [AfDB ] has approved a loan of up to US$ 170 million to support the development of the…
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AfDB grants US$ 75mln loan to strengthen skills in prevention and treatment of cardiovascular diseases in Tanzania
DODOMA, December 3, 2024 — The Board of Directors of the African Development Bank approved a loan of US$ 75 million to Tanzania to fund the second stage of the Centre of…
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TZ marks record agricultural achievement as AfDB President Adesina urges investment in Africa
ABUJA, November 4, 2024 — Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is achievable. President Samia Suluhu…
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