African Development Bank Group (AfDB) / Press Release

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- The African Development Bank is providing significant financial support to Angola to strengthen agricultural policy and the business environment to improve food production and contribute to economic diversification
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Source: African Development Bank Group (AfDB) | Dec 13, 2023

Angola: African Development Bank approves $105-million loan to improve the productivity of smallholdings and reduce food imports

The programme is intended to strengthen agriculture policy and the business environment to improve food production and contribute to economic diversification

Meeting in Abidjan on 13 December 2023, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $105.19 million to Angola to implement the Agriculture Sector Reform Programme. The programme is intended to strengthen agriculture policy and the business environment to improve food production and…

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- African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme
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Source: African Development Bank Group (AfDB) | Oct 27, 2023

African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme

The MoU, signed Thursday 27 October, outlines the partners' intentions to collaborate across multiple sectors to realise the full economic potential of the corridor

The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host…

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- Angola: African Development Bank Group, Angola sign two loan agreements worth $124.4 million to finance sanitation project for coastal towns
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Source: African Development Bank Group (AfDB) | Oct 05, 2023

Angola: African Development Bank Group, Angola sign two loan agreements worth $124.4 million to finance sanitation project for coastal towns

The Coastal Towns Inclusive Sanitation Project is part of the Angolan government’s efforts to improve water and sanitation service delivery in the country

The African Development Bank Group (www.AfDB.org) on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million. The agreements - for a $75 million loan from the African Development Bank and…

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- Improving access to sanitation services is crucial to meeting the health demands of the rising population in Angola
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Source: African Development Bank Group (AfDB) | Jun 02, 2023

African Development Bank and Africa Growing Together Fund commit $124.4 million to improve sanitation in Angola’s coastal towns

The funds will help Angola to improve access to climate-resilient and sustainable sanitation services in the coastal towns of Benguela, Baía Farta, Catumbela, and Lobito

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $75 million loan to Angola to finance the first phase of the country’s Coastal Towns Inclusive Sanitation Project. The Africa Growing Together Fund (AGTF), sponsored by China and administered by the Bank, has also approved $49.4…

Source: African Development Bank Group (AfDB) | Dec 19, 2022

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…

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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) | Dec 01, 2022

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…

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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) | Nov 10, 2022

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) | Oct 20, 2021

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…

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- CORRECTION - Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity
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Source: African Development Bank Group (AfDB) | Mar 18, 2021

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) | Mar 16, 2021

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