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African Development Bank Group (AfDB)

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    • The African Development Bank is supporting rural dwellers’ enhanced access to financial services through decentralized financial systems.
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Source: African Development Bank Group (AfDB) |

Niger: African Development Fund Provides $16 Million to Support Financial Sector Deepening and Inclusion

The project will strengthen mobilization of long-term resources for financial service providers and improve financial inclusion of vulnerable populations

The Board of Directors of the African Development Fund (http://bit.ly/3gEDVZp), the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. The project will strengthen mobilization of long-term resources for…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund invests more than $6 million to strengthen public finance governance in African countries

This project is a follow-on to a first phase approved by the African Development Bank in 2016

The Board of Directors of the African Development Fund (www.AfDB.org) have approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG) (https://bit.ly/3Ufqehd) which will be implemented by two…

African Development Bank Group (AfDB)

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    • Abdu Mukhtar, African Development Bank Director of Trade and Industrial Development, during the launch of the Africa Industrialization Index in Niamey
    • Africa Industrialization Index Top Ten Countries by Score 2022
    • Africa Industrialization Index Top 10 countries by sub-index
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Source: African Development Bank Group (AfDB) |

New report by African Development Bank, partners finds that 37 African countries have industrialized in last decade

Top performers not necessarily those with the biggest economies, but countries that generate high manufacturing value-added per capita

Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank (www.AfDB.org), the African Union and the United Nations Industrial Development Organization (UNIDO). The Africa Industrialization Index (AII) report provides a country-level assessment of 52 African countries’…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Liberia: African Development Bank Group approves $5.12 million financing for Emergency Food Production Program

The funding includes a grant of $2.28 million and a loan of $2.84 million from the Bank Group’s Transition Support Facility

The Board of directors of the African Development Bank Group (www.AfDB.org) has approved financing for the Emergency Food Production Program in Liberia (http://bit.ly/3gu1AM3). This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. The funding…

African Development Bank Group (AfDB)

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    • Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)

The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth

The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women…

African Development Bank Group (AfDB)

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    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (1)
    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (2)
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Source: African Development Bank Group (AfDB) |

Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place

The virtual event was held from 25-27 October 2022 and brought together approximately 111 participants from governments, the private sector and development partners

The African Development Bank Group’s (www.AfDB.org) sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia under the theme: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade. The virtual event was held from 25-27 October 2022 and brought together…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

European Bank for Reconstruction and Development (EBRD), African Development Bank Group (AfDB) and French Development Agency (AFD) launch tool to support private businesses and public sector improve gender responsiveness

Gender Equality in Climate Action Accelerator will support users in assessing their climate strategies

The European Bank for Reconstruction and Development (EBRD), the African Development Bank Group (www.AfDB.org) and the French development agency AFD, in partnership with the Egyptian government, have launched the Gender Equality in Climate Action Accelerator (https://bit.ly/3TS57Bh). The Accelerator will support private sector companies improve the gender responsiveness of their corporate…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

On Global Women’s Entrepreneurship Day, Lionesses of Africa’s Business Confidence Report celebrates African women entrepreneurs’ optimism about business

The report is funded by the African Development Bank Group, through the Affirmative Finance Action for Women in Africa (AFAWA) Initiative

Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report (https://bit.ly/3EeO9au) and Index (https://bit.ly/3UPZdSm) launched on Global Women’s Entrepreneurship Day. The report, prepared by Lionesses of Africa Public Benefit Corporation and New York University finds that…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Development Bank and African Union Commission Sign $9.73 Million Grant Agreement to Drive Digital Market Development in Africa

The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia

The African Union Commission (AUC) and the African Development Bank (www.AfDB.org) have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia. The AUC Commissioner for Economic…

African Development Bank Group (AfDB)

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    • L-R: Sierra Leone’s Minister of Agriculture and Forestry, Abu Bakarr Karim; Senegal’s Minister of Agriculture, Ali Ngouille; Norwegian Minister of International Development, Anne Beathe Tvinnereim; African Development Bank Group President Akinwumi Adesina; Ghana’s Minister of Food and Agriculture, Owusu Afriyie Akoto; World Bank Regional Director for Sustainable Development for Africa, Simeon Ehui; and IFAD Vice-President for Knowledge and Strategy, Jo Puri.
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP27): African Ministers Explore Ways to Scale up Food Production to Feed the Continent, Bolster Resilience

During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost agriculture productivity

African agriculture ministers attending the United Nations climate summit in Egypt reiterated a commitment to work with development partners to unlock the continent’s agriculture potential. During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost…