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

Nigeria: African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services

The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s use of mobile money services

The African Development Bank (AfDB.org) has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria. The research, which includes a…

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

African Development Bank holds second virtual Business Opportunities Seminar for 2021, with a country special on Angola

The event took place over three days to accommodate participants in different time zones, and included a special session on business opportunities in Angola at the request of the Bank’s Angola country office

The African Development Bank (AfDB.org) held its second virtual business opportunities  (BOS) for 2021  from 12-14 October, to provide an overview of its policies, operations, procurement rules and country activities. The event took place over three days to accommodate participants in different time zones, and included a special session on…

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

African Development Bank Group President Akinwumi Adesina assures Nigeria of Bank’s strong support to achieve food security

Dr. Adesina and the Nigerian minister discussed means of tackling growing concerns about the country’s food security

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, received a high-level Nigerian delegation led by the country's Minister of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar on Monday. The meeting follows on the heels of an address by Dr. Adesina last week at a mid-term…

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

Cabo Verde: African Development Bank Group extends $350,000 grant for technical assistance to deepen national capital markets

The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank

The African Development Bank Group (www.AfDB.org) has approved $350,000 in grant funding for technical assistance to consolidate the country’s capital markets strategy and increase the liquidity of its fixed income markets.    The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the…

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

World Food Day: Time for global leaders to invest in Africa's agriculture (By Beth Dunford)

The continent has immense potential to feed itself and to become a breadbasket to the world: about 65 percent of Earth's remaining uncultivated, arable land is in Africa

By Beth Dunford More than six out of every 10 people in Sub-Saharan Africa work in the continent's agriculture sector. We may not realize that what grows from African soil may be connected to some of the world's most popular foods. Africa produces the world's largest supply of cocoa, used…

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

African Development Bank debars Sino-Kenya Engineering Group Company Limited and Mr. Yuehua Bai for 36 months for fraudulent practices

During the debarment period, Sino-Kenya Engineering Group Company Limited and its affiliates as well as Mr. Yuehua Bai will be ineligible to participate in Bank Group-financed projects

The African Development Bank Group (AfDB.org), on 11 October 2021, announces the 36-month debarment of Sino-Kenya Engineering Group Company Limited and Mr. Yuehua Bai, its Managing Director, with effect from 19 August 2021. Sino-Kenya Engineering Group Company Limited is a limited liability company registered under the laws of the Republic…

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

Multinational: African Development Bank approves $86.72 million loan to boost water security and socio-economic development in South Africa and Lesotho

The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho

The African Development Bank Group’s (AfDB.org) Board of Directors has approved a loan of $86.72 million to co-finance the second phase of the Lesotho Highlands Water Project. The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho. The project entails harnessing the…

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

São Tomé and Príncipe: African Development Fund extends a USD 10.7 Million Grant to Support SMEs in Agriculture and Tourism

The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth

The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of the Zuntámon Initiative, within the framework of the Lusophone Compact. The project aims to improve the…

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

Africa Investment Forum roundtable event showcases agribusiness investment opportunities ahead of 2021 Market Days

During the roundtable, members of the AIF team presented an outline of the deals to investors

The  Africa Investment Forum held a roundtable event to preview two agribusiness deals worth nearly $400 million as part of the lead-in to its upcoming 2021 Market Days. The investment opportunities, drawn from the Africa Investment Forum’s pipeline, will be presented in full during the Market Days, to be held…

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

Desert to Power G5 Sahel Financing Facility receives $150 million from Green Climate Fund

The initiative is expected to lead to substantial CO2 emission reductions – projected at over 14.4 million tCO2equ

The African Development Bank (www.AfDB.org) has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its 30th Board meeting this week. Desert-to-Power is a flagship renewable energy and economic development initiative led by the African…