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African Development Bank Group (AfDB)

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    • The project supported by the African Development Fund through its Climate Action Window will help strengthen protection, conservation and sustainable use systems for natural capital and ecosystems in Madagascar
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems

The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities

The Board of Directors of the African Development Fund (https://apo-opa.co/4iITWIP) – the African Development Bank Group’s (www.AfDB.org) concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in…

African Development Bank Group (AfDB)

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    • The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit
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Source: African Development Bank Group (AfDB) |

Chad: New EUR 28 million African Development Bank-funded solar project to boost Chad's energy access

The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank's Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million…

African Development Bank Group (AfDB)

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    • The project, supported by the African Development Bank Group, will increase the rate of socio-professional integration among young people in Côte d'Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank Group approves €139 million loan to boost youth employment in Côte d'Ivoire

The initiative targets training more than 8,700 young people, with 50 percent being women, in five strategic sectors – renewable energy, digital economy, agribusiness, blue economy, and the textile and clothing industry

The African Development Bank Group (www.AfDB.org) has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d'Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional…

African Development Bank Group (AfDB)

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    • Group photo of the delegation of the Pan-African Farmers' Organization (PAFO), led by its president, Ibrahima Coulibaly (seated, third from the right), with Martin Fregene, Director of the Agriculture and Agro-Industry Department at the African Development Bank (seated, third from the left)
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Source: African Development Bank Group (AfDB) |

The Pan African Farmers' Organization (PAFO) and African Development Bank Strengthen Partnership to Support Small-Scale Farmers

The meeting culminated in plans to jointly host a High-Level Conference on Financing Small-Scale Farmers in the second quarter of 2025

The Pan African Farmers' Organization (PAFO) and the African Development Bank (www.AfDB.org) are strengthening their collaboration to enhance support for small-scale farmers across Africa. A PAFO delegation led by its President, Ibrahima Coulibaly, visited the Bank’s headquarters on December 13, 2024, to advance the implementation of the Memorandum of Understanding…

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    • African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa

This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures

The African Development Bank (www.AfDB.org) has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused…

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    • The African Development Bank's loan to SNIM will facilitate the acquisition of up to 36 locomotives and 1,743 wagons to transport iron production to the Nouadhibou ore port
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Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank grants $150 million loan to Boost mining sector

The approval, granted on November 29, is part of SNIM’s $467 million logistics expansion program, which aims to double the transport capacity of its iron ore railway by 2030

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country’s mining sector.  The approval, granted on November 29, is part of…

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    • Almost one million additional people in Benin should benefit from access to drinking water thanks to the project supported by the African Development Bank
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Source: African Development Bank Group (AfDB) |

Benin: some one million people to benefit from loan of EUR 118 million from the African Development Bank and Africa Growing Together Fund to supply more drinking water

The African Development Bank is contributing EUR 75.63 million in financial support

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of EUR 118.63 million to Benin to implement the Drinking Water Supply for Resilience in Rural Areas Programme in Abidjan with the aim of supplying drinking water to an additional 965,000 people in the West African…

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    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
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Source: African Development Bank Group (AfDB) |

West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

African Development Bank Group (AfDB)
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African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

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    • Visiting the IPD in January 2024, the President of the African Development Bank Group, Akinwumi Adesina ((1st right), announced its support for this important biomedical research centre in Africa
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Source: African Development Bank Group (AfDB) |

Global Partners Invest $45 Million to Boost African Vaccine Production

This collaboration will focus on expanding IPD’s state-of-the-art MADIBA facility, a hub for vaccine manufacturing, while driving job creation and economic growth

In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank (www.AfDB.org), and the International Finance Corporation (IFC) have jointly announced a $45 million financing package for VaxSen, a subsidiary of Senegal’s Institut Pasteur de Dakar (IPD). The…