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African Development Bank Group (AfDB)

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    • Support for the Congolese economy from the African Development Bank will contribute to diversification by reducing its dependence on the oil sector, among other things
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Source: African Development Bank Group (AfDB) |

Congo: African Development Bank grants a loan of 92 million euros to support economic diversification

The aim of the program is to strengthen the resilience of the Congolese economy and reduce its dependence on the oil sector with the aim of reconciling the need for growth with combating climate change

The Board of Directors of the African Development Bank Group (www.AfDB.org) granted a loan of 92 million euros to the Republic of Congo in Abidjan on 17 November 2023 to implement the first phase of the Economic Diversification Support Program. The aim of the program is to strengthen the resilience…

African Development Bank Group (AfDB)

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    • CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa
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Source: African Development Bank Group (AfDB) |

CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa

Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the…

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

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

African leaders on Tuesday reaffirmed their support for the African Development Bank Group (https://www.AfDB.org/) and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term (1)
    • Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term (2)
    • Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term (3)
    • Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term (4)
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Source: African Development Bank Group (AfDB) |

Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term

Adesina – “Let us move forward, driven by the power of our mission, inspired by the primacy of our vision and emboldened by the strength of our togetherness”

“Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa...The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank.” With these powerful words President of the African Development Bank Group (www.AfDB.org),…

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

The one-stop border post between Tanzania and Kenya, a symbol of East-African integration

The African Development Bank in 2007 approved $185 million in funding

Naftali Elude Mzota, a driver for the Impala Shuttle Company in Tanzania, has been driving between Tanzania and Kenya for over 23 years. Asked about the difficulties of crossing the border, Mzota sighs. "Customs clearance used to be a real challenge here, because there were two borders. You had to…

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

African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response

In Cameroon, the pandemic has revealed the structural weaknesses of the country’s health system and economy

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s…

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

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the…

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

African Development Bank appoints Mrs. Nafissatou N’diaye Diouf Acting Director for Communications and External Relations

Nafissatou, a Senegalese national, is currently a Division Manager in the Communications and External Relations Department of the African Development Bank Group

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mrs. Nafissatou N’diaye DIOUF as the Acting Director for Communications and External Relations Department (PCER), effective 1 April 2020. Nafissatou, a Senegalese national, is currently a Division Manager in the Communications and External Relations Department of the African Development…

African Development Bank Group (AfDB)

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    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…

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

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

The total amount of co-financing is expected to be more than $ 1.2 billion when subsequent phases of the project are concluded

Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (https://www.AfDB.org/) board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African…