African Development Bank
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News
DRC: AfDB to lend over US$110mln to support agricultural transformation
ABIDJAN – Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group [AfDB] approved a loan of US$ 117.9 million to the Democratic Republic of…
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News
AfDB approves US$ 150mln for Trade & Development Bank
ABIDJAN, February 29, 2024 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 150 million Trade Finance Unfunded Risk Participation Agreement [RPA] facility between the AfDB,…
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Africa
Malnutrition affecting over 80mln children in Africa, experts warn
ADDIS ABABA, February 19, 2024 – Africa’s children are paying a huge price for malnutrition, a high-level round table convened by the African Union and African Leaders for Nutrition Champion heard Friday…
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National
Uganda takes first step to embedding circular economy model into national strategy
KAMPALA, February 7, 2024 – Uganda has taken a major step towards creating a circular economy to drive sustainable growth and green industrialisation in line with its Vision 2040 national agenda. With…
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Cooperatives & Communities
ICA-Africa to hold midterm review of 13th Africa Ministerial Conference in Lesotho
KAMPALA, January 24, 2024 – The International Cooperative Alliance- Africa [ICA-Africa] in collaboration with the Ministry of Trade, Industry, and Business Development of Lesotho is organising the Midterm Review of the 13th…
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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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