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

Mauritania: African Development Bank and Bank for Trade and Industry (BCI) Group Sign US$ 485,000 Affirmative Finance Action for Women in Africa (AFAWA) Technical Assistance Agreement to Promote Financial Inclusion of African Women's Enterprises

The project aims to strengthen BCI’s financing capacity for trade and industry and to better support women small and medium enterprises in Mauritania, Mali, Senegal and Guinea

The African Development Bank (www.AfDB.org) and the Bank for Trade and Industry (BCI) of Mauritania have signed a $485,000 technical assistance agreement for the Affirmative Finance Action for Women in Africa (AFAWA) program which aims at promoting women's access to finance in Africa. The agreement was signed by Mohamed El…

African Development Bank Group (AfDB)

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    • (L-R): Director General, African Development Bank Group,Nigeria Country Department, Mr. Lamin Barrow, and Executive Secretary, Hadejia Jama’are Komadugu Yobe Trust Fund, Dr.Hassan Bdliya, during the official signing of the EUR 362,000 Grant Agreement for Preparation of a Strategic Action Plan for Water Resources Development for Komadugu-Yobe Basin Phase II, in Abuja
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Source: African Development Bank Group (AfDB) |

African Development Bank signs €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to support water resources development in northern Nigeria

Lamin Barrow, Director General of the African Development Bank’s Nigeria Country Department, underscored the program's importance, saying it would ensure long-term water security for the local people

The African Development Bank (www.AfDB.org) has signed a €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in northern Nigeria. Specifically, the grant will support the preparation of…

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

World Water Day 2023: Accelerating Change in solving Africa’s Water and Sanitation Crises

Vice President Dr Beth Dunford’s Statement

Water is an essential resource with direct impact on Africa’s economic potential: inadequate access to safe water, sanitation and hygiene services reduces economic opportunities. One in three Africans are affected by water scarcity. According to the 2022 WHO/UNICEF JMP report [1], 411 million people in Africa still lack basic drinking…

African Development Bank Group (AfDB)

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    • World Water Day: African Development Bank makes a splash at United Nations (UN) 2023 Water Conference
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Source: African Development Bank Group (AfDB) |

World Water Day: African Development Bank makes a splash at United Nations (UN) 2023 Water Conference

Bank delegation to participate in more than a dozen events in New York

On World Water Day, the African Development Bank (www.AfDB.org) will join leading global stakeholders in calling for universal water security for Africans during the UN 2023 Water Conference which opens today in New York. The three-day conference will assess progress and evaluate additional steps to achieve UN Sustainable Development Goal 6…

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

Liberia: African Development Fund grant to modernise payments infrastructure and systems

The project’s primary objective is to strengthen the payments ecosystem in Liberia for increased efficiency and to foster growth and innovation

The African Development Fund’s Board of Directors has approved $3.9 million grant to finance upgrade of Liberia's payments infrastructure and systems project. The approval of the grant from the Bank’s concessional lending window, was made on 17 March. The project’s primary objective is to strengthen the payments ecosystem in Liberia…

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

Kenya: African Development Bank approves $30 million Trade & Small and Medium Enterprises (SME) Finance Facility for Family Bank Limited

The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance gap in the East African nation

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $30 million Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya. The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance…

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

Africa Centres for Disease Control and Prevention (CDC) hosts lead partners of Partnerships for African Vaccine Manufacturing (PAVM) for review of vaccine manufacturing ecosystem in Africa

The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives and deliverables for the Partnership for African Vaccine Manufacturing (PAVM) in 2023

The Africa Centres for Disease Control and Prevention (Africa CDC) hosted its lead partners at a meeting on the sidelines of the Africa Health Agenda International Conference 2023 held in Kigali, Rwanda. The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Senior Director Chinelo Anohu ( 5th from left, poses with US Ambassador to Cote d'Ivoire Jessica Davis ( fourth from left) and women businesses leaders, March 8 2023 Abidjan
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Source: African Development Bank Group (AfDB) |

International Women’s Month 2023: Abidjan-based women Investment Champions share their journeys with Africa Investment Forum

They also opened up about their expectations of AIF as a catalyst and facilitator of financing for women

The Africa Investment Forum (https://www.AfricaInvestmentForum.com/) marked International Women’s Day by hosting a special evening session for African women business leaders and innovators under its “Women as investment Champions pillar”. Founded in 2019 by the African Development Bank and seven other founding partners, the Forum is a fully transactional, multi-stakeholder, multi-disciplinary…

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

African Development Bank debars Ogon-Asu Company Limited and Mr. William Tuku Ogon for 15 months for fraudulent and obstructive practices

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Ltd. engaged in fraudulent practices

The African Development Bank Group (http://www.AfDB.org), on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with effect from 24 February 2023. Ogon-Asu Company Ltd. is a construction company registered in the Federal Republic of Nigeria. An investigation conducted…

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    • Robert Masumbuko, African Development Bank Benin Country Manager, explained that the workshop aimed to help Beninese small and medium textile enterprises enhance their structure
    • Actors in Benin's textile value chain attended the workshop to explore alternative strategies to boost the sector
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank, government and stakeholders explore strategies to boost the textile sector

The aim was to understand the needs and expectations of the textile manufacturing ecosystem and to incorporate local actors into value chains for mass-production of textiles

The African Development Bank Group's (www.AfDB.org) country office in Benin held a workshop on the challenges facing the country’s textile industry and how to build the capacity of stakeholders to develop value chains. The workshop drew fabric producers, dyers, stylists, designers, embroiderers, seamstresses, consumers, support function professionals, and value chain…