Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Group approves $10million Trade Finance Transaction Guarantee to Banco Fomento de Angola S.A. (BFA)

Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses. The move will…

African Development Bank Group (AfDB)
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    • Participants in a group photograph at the end of the RASME Project launch in Angola
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Source: African Development Bank Group (AfDB) |

Angola launches Information and Communications Technology (ICT) initiative for remote monitoring and evaluation of development projects

RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects

The African Development Bank (www.AfDB.org) has rolled out the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project in Angola, following a three-day training session in the capital, Luanda. RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better…

African Development Bank Group (AfDB)
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    • H.E. Vera Daves de Sousa, Minister of Finance and Governor of the African Development Bank for Angola and Leila Mokaddem, Director General for Southern Africa of the African Development Bank
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Group notes country’s outstanding economic and fiscal reforms

Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key portfolios

At the end of a three-day official visit to Angola, African Development Bank Group’s (www.AfDB.org) Director General for Southern Africa Leila Mokaddem has commended the Lusophone nation for its ongoing economic reforms. Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key…

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) |

CORRECTION - Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity

The funding follows two other recent Bank contributions to Angola’s energy sector strategy

The African Development Bank (www.AfDB.org) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has…

Source: African Development Bank Group (AfDB) |

Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity

The project, once operational in 2023, will avert the consumption of 46.8 billion litres of diesel per year in the south, cutting 80 megatons of CO2 emissions

The African Development Bank (www.AfDB.org) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has…

Source: African Development Bank Group (AfDB) |

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries

The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in…

Source: African Development Bank Group (AfDB) |

African Development Bank commits $1.04 million towards two COVID-19 research projects in Angola

The Angolan Government intends to promote research and enhance capacity in the health sector, against the backdrop of the COVID-19 pandemic

Funds from the African Development Bank’s (www.AfDB.org) ongoing Science and Technology Development Project have been committed towards two research projects to mitigate the novel coronavirus (COVID-19) in Angola. The Science and Technology Development Project which is being executed by the Ministry of Higher Education, Science, Technology and Innovation, aims to…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Founding Partners unveil Unified COVID-19 Response to support Africa’s private sector

15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts

Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises. “Africa will come out of this pandemic, tough as it is, and…

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

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report was published during a virtual launch

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information…