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    • AfDB Country Manager for Zimbabwe Moono Mupotola and Gerald Gore, NMB Bank CEO at the signing of an agreement for a $15 m trade facility in Harare
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $15 million Transaction Guarantee Facility with NMB Bank Zimbabwe

The facility offers up to 100% coverage to confirming Banks, effectively mitigating non-payment risks linked to NMB Bank's trade transactions on a per-transaction basis

The African Development Bank (https://www.AfDB.org/) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million Trade Finance Transaction Guarantee Facility to unlock trade finance opportunities for Zimbabwean small and medium-sized enterprises and those in agri-business and trade distribution value chains. The signing took place on 7 March at NMB…

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    • Adjoa Agbomassi, in front of her fresh produce in Aného
    • A seamstress in Cinkassé is pursuing her business thanks to the loan granted by the National Inclusive Finance Fund (FNFI), supported by the Project to Support the Financial Inclusion of Vulnerable Women
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Source: African Development Bank Group (AfDB) |

Empowering vulnerable women: African Development Bank financing bolsters economic inclusion in Togo

The project aims to empower vulnerable women and enhance their role in economic activities by prioritizing small producers, recognizing their indispensable contributions to agro-pastoral production

Some 45 kilometres from Lomé, in the village of Aného, a transformative initiative is reshaping the lives of vulnerable women like Adjoa Agbomassi. Following her successful treatment from obstetrical fistula, Adjoa now stands proudly by her vegetable stalls, a testament to the success of the Project to Support the Financial…

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    • The African Development Bank's trade finance guarantee facility granted to Access Bank DR Congo will support imports of essential goods and various inputs in such key sectors of the Congolese economy as health and agriculture
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Source: African Development Bank Group (AfDB) |

Democratic Republic of the Congo: African Development Bank grants $7 million trade finance guarantee facility to Access Bank DR Congo to support SMEs and local businesses

The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk from the confirmation of letters of credit

On 20 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $7 million trade finance guarantee facility grant to Access Bank DR Congo. The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk…

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    • Teams from SwedFund and the African Development Bank met recently in Abidjan to deepen joint support for the private sector and climate action
    • Unlocking Opportunities: Swedfund, African Development Bank Advance Collaboration on Private Sector Growth, Climate Action
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Source: African Development Bank Group (AfDB) |

Unlocking Opportunities: Swedfund, African Development Bank Advance Collaboration on Private Sector Growth, Climate Action

The meeting built on earlier talks to strengthen collaboration between the two institutions to accelerate private sector development and climate action across Africa

An African Development Bank Group (www.AfDB.org) team, led by Senior Vice President Bajabulile Swazi Tshabalala, on 15 February 2024, met with a delegation from Swedfund – the Swedish state development finance institution – led by its CEO, Maria Hakansson. The meeting built on earlier talks to strengthen collaboration between the…

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    • African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction
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Source: African Development Bank Group (AfDB) |

African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction

Peak orderbook of $6 billion reached

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched and priced its first Sustainable US dollar-denominated 750 million perpetual subordinated hybrid capital notes. On the 30th of January 2024 the African Development Bank launched a hybrid capital transaction with a coupon of 5.75% until…

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    • African Development Bank, Attijariwafa Bank Europe sign €100 million risk-sharing agreement to unlock private sector potential to drive African trade
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Source: African Development Bank Group (AfDB) |

African Development Bank, Attijariwafa Bank Europe sign €100 million risk-sharing agreement to unlock private sector potential to drive African trade

The pact is expected to catalyse nearly €500 million worth of trade for companies operating in more than twenty African countries

The African Development Bank (www.AfDB.org) and Attijariwafa bank Europe, European subsidiary of the Attijariwafa bank group, have signed a €100 million risk-sharing agreement to strengthen businesses and trade across Africa. The pact is expected to catalyse nearly €500 million worth of trade for companies operating in more than twenty African…

Source: African Development Bank Group (AfDB) |

African Development Bank appoints Aida Ndir Ngom as Director of the Private Sector Development Department

Prior to her appointment, Ngom served as Manager for the Energy Financial Solutions Division within the Power, Energy, Climate and Green Growth Complex

The African Development Bank (www.AfDB.org) has appointed Aida Ngir Ngom as Director, Private Sector Development Department. Her appointment takes effect from February 1, 2024. Ngom, a Senegalese national, is a seasoned development finance banker with more than 20 years of experience in private sector origination and development, investment banking, and…

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    • The participation of the African Development Bank allows Seedstars Africa Venture to invest in innovative African companies with high growth potential, including agri-food value chains
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Source: African Development Bank Group (AfDB) |

The African Development Bank plans to invest USD 10.5 million in the capital of Seedstars Africa Ventures to boost investment in innovative businesses

Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa

The Board of Directors of the African Development Bank (AfDB) (www.AfDB.org) agreed on Wednesday that the Bank should take a stake of USD 10.50 million in the capital of Seedstars Africa Ventures S.L.P. venture capital fund to enable it to invest in innovative African businesses with strong growth potential. The…

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    • The African Development Bank's line of credit to Bank of Africa Tanzania Limited will facilitate the import of pharmaceuticals, solar panels, agricultural machinery and fertilizers, as shown here
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Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank unveils Trade Finance Transaction Guarantee Facility to Bank of Africa Tanzania Limited

The facility will also support intra-Africa trade, thus directly contributing to the successful implementation of the African Continental Free Trade Area (AfCFTA) agenda

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a trade finance transaction guarantee facility to Bank of Africa Tanzania Limited (BOAT) to support Tanzania’s Financial Sector. Leveraging BOAT’s strategic footprint in the East African nation, this instrument will provide support to small and medium sized…

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    • The injection of resources into the Central Africa Building Society of Zimbabwe will finance trade
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society

The facility, which would finance approximately $175 million of trade over a three-and-a-half-year period, marks the African Development Bank’s fourth private sector intervention in Zimbabwe

The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to be used to boost local firms and small and medium-sized enterprises. This facility will enhance foreign currency liquidity support…