African Development Bank
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East Africa
AfDB approves US$ 66mln loan for equity enhancement of Tanzania Agricultural Development Bank
DODOMA, December 11, 2023 – The African Development Bank [AfDB] has approved a US$ 66 million loan to the government of Tanzania for additional equity in Tanzania Agricultural Development Bank [TADB]. According…
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Africa
COP28: Africa could lose US$ 25bln per year as new EU carbon tax comes into effect, warns AfDB President
DUBAI, December 7, 2023 – African Development Bank [AfDB] President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalising…
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Africa
Youth-led African enterprises awarded US$ 800,000 at COP28 for climate solutions
DUBAI, December 5, 2023 – Eight dynamic African young women-led enterprises emerged as winners of the 2023 YouthAdapt challenge. Each enterprise will receive grant funding of up to US$ 100,000 to boost…
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Africa
Simple toilets transform lives and environment in Malawi
BLANTYRE, November 27, 2023 – In the picturesque rural setting of Nkhata Bay on the shores of Lake Malawi, a simple development has changed the lives of villagers in remarkable ways. As…
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Cooperatives & Communities
Senegal: AfDB agrees loan of nearly €87mln for agricultural hub
DAKAAR, November 24, 2023 – The African Development Bank [AfDB] has approved a €86.89 million loan to Senegal to develop an agribusiness processing zone in the north of the country, with the…
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Africa
AfDB approves US$ 10mln investment in Kenyan company Dhamana
NAIROBI, November 21, 2023 – The African Development Bank [AfDB] has approved a US$ 10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an…
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East Africa
AFFM commits more than US$ 2mln to improve farmers’ access to fertilisers
NAIROBI, November 20, 2023 – The Africa Fertilizer Financing Mechanism [AFFM] will provide a US$ 2 million partial trade credit guarantee and a US$ 219,000 grant funding to Nairobi-based Apollo Agriculture Limited…
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East Africa
AfDB approves US$1.4mln for feasibility study of multinational Kenya-Uganda Expressway project
ARUSHA, November 7, 2023 – The African Development Bank [AfDB] through its New Partnership for Africa’s Development and Infrastructure Project Preparation Facility [NEPAD-IPPF] has approved US$1.4 million grant to the East African Community…
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Africa
AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
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Cooperatives & Communities
AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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