African Development Bank
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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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PS irked as Mbarara City officials fail to collect market dues
MBARARA CITY, January 17, 2025 – The Permanent Secretary [PS]in the Ministry of Local Government, Ben Kumumanya, has called on Mbarara City officials to expedite the recovery of Shs 100 million in…
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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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MDBs sign US$ 1bln exchange exposure agreement to increase development lending capacity to African nations
WASHINGTON, DC., October 28, 2024 — The African Development Bank (AfDB] and the Asian Development Bank [ADB] have signed a US$ 1 billion exchange exposure agreement [EEA] aimed at enhancing the African…
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Ninth Africa Energy Market Place held in Dar es Salaam ahead of key Africa Heads of State Energy Summit
DAR ES SALAAM, October 25, 2024 — Further to an April 2024 pledge by the Presidents of the African Development Bank and the World Bank to bring electricity access to 300 million…
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AfDB supports Biashara Africa 2024 Business Forum
KIGALI, October 16, 2024 — The African Development Bank has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held recently in Kigali, Rwanda. The meeting, organised by…
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