African Development Bank
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News
African Development Bank Group Unveils New Ten-Year Strategy 2024–2033
NAIROBI, June 1, 2024 – The African Development Bank Group has unveiled its new Ten-Year Strategy 2024–2033, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back…
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AfDB’s Adesina presents Africa as world’s best investment destination
RIYADH, May 21, 2024 – Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the world’s most promising investment destination, now and well into the future, African Development…
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Zimbabwe’s First Capital Bank gets US$ 15mln loan to support local SMEs
ABIDJAN, May 16, 2024 – The Board of Directors of the African Development Bank Group has approved a US$ 15 million trade finance package for First Capital Bank [FCB] in Zimbabwe to…
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AfDB proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements
NAIROBI, May 11, 2024 – Akinwumi Adesina, the President of the African Development Bank [AfDB], announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents, and…
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Africa
UDB, MD Ojangole on list of nominees for African Banker Awards 2024
KAMPALA, May 8, 2024 – African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals…
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Rwanda: ADF to provide a partial credit guarantee to support the financing of green and sustainable initiatives
ABIDJAN, April 25, 2024 – The Board of Directors of the African Development Fund [ADF], the concessional lending arm of the African Development Bank Group [AfDB], has approved a partial credit guarantee…
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Africa’s US$ 824bln debt burden and opaque resource-backed loans hinder its potential, AfDB boss warns
WASHINGTON, D.C, April 24, 2024 – Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank President Dr Akinwumi…
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Partners combat money laundering and terrorism financing in Africa through new project
DAKAR, April 19, 2024 – The African Development Bank [AfDB] and the Inter-Governmental Action Group against Money Laundering in West Africa [GIABA] on Thursday officially launched a three-year support project to combat…
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Africa
New partnership aims to connect 300mln to electricity by 2030
KAMPALA, April 18, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by…
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News
AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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