African Development Bank Group (AfDB)
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    • AfDB is providing a $30 million loan that is expected to fund manufacturing enterprises in the SADC region like this cloth factory in Lesotho
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Source: African Development Bank Group (AfDB) |

Botswana: Private sector development in Southern Africa region gets boost with approval of $30 million loan to Norsad Capital from African Development Bank Group

The project is aligned with a number of African Development Bank priorities, including its High-5 strategic priorities

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $30 million loan to Norsad Capital Limited (https://NorsadCapital.com) financing for businesses and to promote private sector development in the Southern Africa Development Community region. Norsad will channel a portion of the funding to enterprises operating in transition states…

African Development Bank Group (AfDB)
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    • African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe

Visits highlight Bank’s commitment to SADC, regional integration efforts

A senior leadership team from the African Development Bank Group (www.AfDB.org) has arrived in the southern African capital Gaborone, on the first leg of an official visit to Botswana and Zimbabwe. The delegation is led by Acting Vice President, Regional Development, Integration and Business Delivery Yacine D. Fal. It includes…

Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA to provide $1 million in support of Botswana’s energy transition

Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative

The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has approved a $1 million grant to facilitate Botswana’s transition to clean energy. The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified…

Source: African Development Bank Group (AfDB) |

Botswana: African Development Bank approves $137 million loan for post-pandemic economic recovery

The funds will be used to enact multi-sector reforms that will increase spending efficiency, create jobs and drive inclusive growth

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic. The funds, extended under the Bank Group’s Botswana Economic Recovery Support Program, will be used to enact multi-sector reforms that will increase spending efficiency,…

Source: African Development Bank Group (AfDB) |

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…

Source: African Development Bank Group (AfDB) |

African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region

Impact of COVID-19 in South Africa projected to affect rest of Southern African economies

Report recommends inclusive, broad-based and pro-poor policies to address inequality and reduce poverty rates; Impact of COVID-19 in South Africa projected to affect rest of Southern African economies. A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for…

Source: African Development Bank Group (AfDB) |

Launch of publication on land reform

Rethinking land reform in Africa: new ideas, opportunities and challenges

What: Launch of publication and policy platform on land reform Who: African Natural Resources Centre (ANRC) When: Tuesday 26 May 2020 at 10.00 am Where: Digital on www.afdb.org The African Natural Resources Center (ANRC) of the African Development Bank Group (www.AfDB.org) will launch  a publication containing a series of articles…

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

African Union (AU) Summit: First continental report on implementation of Agenda 2063 unveiled

The report provides an assessment of the progress and performance of Africa’s development between 2013 and 2019

The African Development Bank (http://www.AfDB.org/), the United Nations, and the African Union on Saturday acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation. The call was made on Saturday at the launch of the first report on the implementation…

Source: African Development Bank Group (AfDB) |

2019 conference on land policy in Africa: why it matters for the continent, by Cosmas Milton Ochieng

The theme of this year’s Conference on Land Policy in Africa is “Winning the fight against corruption in the land sector in Africa

Cosmas Milton Ochieng, an expert in natural resource governance and economic development in Africa, is the Director of the African Natural Resource Centre at the African Development Bank (https://www.AfDB.org). In collaboration with the African Union Commission and the United Nations Economic Commission for Africa, the African Development Bank will host…

Source: African Development Bank Group (AfDB) |

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…