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African Development Bank Group (AfDB)

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    • Benin's Minister of Economy and Finance, Romuald Wadagni, announces $ 2 million for the African Development Fund at the opening session of the Mid-Term Review of the 16th Replenishment of the Fund. Cotonou, October, 2024
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Source: African Development Bank Group (AfDB) |

ADF-16: Benin to contribute $2 million to the African Development Fund

Benin becomes the seventh African country to contribute, joining Algeria, Angola, the Democratic Republic of Congo, Egypt, Morocco and South Africa

Benin joins six other African countries that contribute to ADF; 74 million people in Africa have benefitted from improvements in agriculture for food security through the Fund. Benin has pledged $2 million to the next replenishment of the African Development Fund, the concessional window of the African Development Bank Group.…

African Development Bank Group (AfDB)

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    • Justine Gantekpin’s thriving market garden in Djeffa, expanded thanks to the support of project
    • A PAIAVO project beneficiary tending to his plot
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Source: African Development Bank Group (AfDB) |

Modernizing Agriculture: African Development Fund Project Changes Lives in Benin’s Ouémé Valley

Launched in 2014 with €63.63 million in funding from the African Development Bank Group’s concessional window, the African Development Fund, the project has supported 14 localities across Benin’s Ouémé, Zou, and Atlantique districts

The sun rises early over Djeffa, a locality in southeastern Benin’s Sèmè-Podji district where Justine Gantekpin is already tending to her flourishing vegetable farm. Thanks to the African Development Fund Project for Support of Agricultural Infrastructure in the Ouémé Valley (http://apo-opa.co/3Ydp5vP), Gantekpin has expanded her farm from a small plot…

African Development Bank Group (AfDB)

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    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet
    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet (FR)
    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet (PT)
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Source: African Development Bank Group (AfDB) |

African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet

In his new role, Moreira will focus on the initiative in the Bank’s Ten-Year Strategy to revalue Africa’s green wealth, working closely with the Economic Governance and Knowledge Management Vice Presidency, and other stakeholders

The African Development Bank Group (www.AfDB.org) has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective 1 July 2024. Dr. Pinto Moreira, a Beninise economist, brings to the role over three decades of experience in macro-fiscal, growth, poverty, economic governance, trade, and competitiveness-related…

African Development Bank Group (AfDB)

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    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (1)
    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Climate Investment Funds Deliver Just Transition Planning Masterclass for African Decision-Makers

The initiative brought together 25 policymakers, civil society organizations, and technical experts from pilot countries to collaborate on practical solutions for inclusive climate action

As Africa transitions toward a climate-resilient, low-carbon economy, the African Development Bank (www.AfDB.org), with support from the Climate Investment Funds (CIF) (http://apo-opa.co/3NaTp3W), is reinforcing its commitment to a just transition across the continent. In line with this commitment, key decision-makers from Ghana, Kenya, Uganda, and Namibia recently gathered in Nairobi…

African Development Bank Group (AfDB)

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    • On-site production of oxygen is saving the lives of newborn babies at Gitego general hospital
    • Franck Arnaud Ndorukwigira, doctor and deputy director of Gitega regional hospital, leads a tour of the wards
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Source: African Development Bank Group (AfDB) |

Burundi: Electricity from the Rusumo Falls power station, built with support from the African Development Bank, is saving the lives of hospital patients and premature babies

Cheap and reliable hydroelectric supplies mean that the Gitega hospital can spend more money on medical equipment and hospital teams can focus on saving lives

“One day, in the operating theatre, there was a power cut́ in the middle of a laparotomy [opening of the abdomen] for a case of pelvic peritonitis. We had to finish the operation using a torch. It was very hard.” Dr Franck Arnaud Ndorukwigira, doctor and deputy director at Gitega…

African Development Bank Group (AfDB)

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    • Joseph Ribeiro, the African Development Bank’s Deputy Director General for West Africa (middle), during his visit to the Singrobo-Ahouaty hydroelectric power plant
    • In Yamoussoukro, the Bank delegation visited numerous facilities currently under construction, under the auspices of the Bélier Region Agro-Industrial Cluster Project (2PAI-Bélier)
    • In Toumodi, the 2PAI-Bélier team made a point of immortalising the Bank Group delegation’s visit
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Source: African Development Bank Group (AfDB) |

African Development Bank’s High Impact Projects Transform Côte d'Ivoire’s Energy and Agriculture Sectors

The project, 80 percent financed by the African Development Bank with a $121 million investment, is 85.7 percent complete since its launch in 2018

During a recent three-day field visit to central Côte d'Ivoire, Joseph Ribeiro, the African Development Bank’s (www.AfDB.org) Deputy Director General for West Africa, expressed his satisfaction with the progress of two high-impact projects funded by the Bank Group that are set to revolutionize the country’s energy and agricultural landscapes.  Ribeiro’s…

African Development Bank Group (AfDB)

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    • African Development Fund crucial in development and modernisation of Benin sheep industry (1)
    • African Development Fund crucial in development and modernisation of Benin sheep industry (2)
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Source: African Development Bank Group (AfDB) |

African Development Fund crucial in development and modernisation of Benin sheep industry

The project, completed in 2017, recorded satisfactory results between 2012 and 2017: the annual mortality rate fell from 12 percent to 3 percent for cattle

In the early 2000s, Benin reformed its sheep industry, largely because meat and milk production was insufficient to meet local demand. The objective was to r0educe imports, then estimated at an average of 60,000 tonnes of meat and 40,000 tonnes of milk annually. The African Development Fund, the African Development…

African Development Bank Group (AfDB)

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    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (1)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (2)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (3)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (4)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel

Through this parallel co-financing agreement, support will be provided to key sectors over the next five years

The African Development Bank Group (www.AfDB.org) and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremony was held at the U.S. Embassy in Dakar, Senegal. The agreement, valued at $600…

African Development Bank Group (AfDB)

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    • African Development Bank VP Solomon Quaynor with executives of Dhamana's founding shareholders at a signing ceremony held in Nairobi
    • Attendees at the Nairobi signing ceremony for investments in Dhamana Guarantee Company held on 30 September
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Source: African Development Bank Group (AfDB) |

African Development Bank takes $10 million equity stake in Kenya’s Dhamana following anchor investment from Private Infrastructure Development Group

Dhamana will support access to financing for key sectors including transport, water, renewable energy, and waste management

The African Development Bank (www.AfDB.org) has made a strategic equity investment of $10 million in Dhamana Guarantee Company, a Nairobi-based provider of guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa. Dhamana will also receive equity…

African Development Bank Group (AfDB)

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    • The African Development Bank will provide the tools that are needed to digitize the Comorian economy
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Source: African Development Bank Group (AfDB) |

Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy

The Bank’s financing consists of 4.02 million euros provided by the African Development Fund, the Bank’s concessional loan agency, and a further 5.49 million euros provided by the Bank’s Transition Support Facility

The Board of Directors of the African Development Bank (AfDB) Group (www.AfDB.org) has approved financing of 9.51 million euros to the Comoros for implementation of the Project to Support the Digitization of the Comorian Economy. With a total cost of 22.53 million euros, the Bank’s financing consists of 4.02 million…