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

Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives

This is in line with Rwanda’s National Strategy for Transformation (NST-1) for 2017-2024 and Vision 2050

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project…

African Development Bank Group (AfDB)

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    • (L-R) Stanley George, Director, International Economic Relations Department, Federal Ministry of Finance; Sale Samanja, Yobe State Attorney General and Commissioner of Justice; Mohammed Abacha, Yobe State Commissioner for Finance; Sidi Yakubu, Yobe State Commissioner for Environment and Lamin Barrow, Director General, African Development Bank Nigeria Country Department, during ECCAP loan negotiation agreement meeting at the Bank’s Office in Abuja, Nigeria
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $50 million loan to support climate change resilience, improve livelihoods and boost food security in Nigeria’s Yobe State

Yobe State Government will contribute $4.52 million in counterpart funding, and project beneficiaries are contributing $16.82m

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project (ECCAP) to enhance climate change resilience, boost food security, and improve livelihoods for over 3.5 million people in northeast Nigeria. The project cost is…

African Development Bank Group (AfDB)

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    • African Development Bank, International Organization for Migration (IOM) launch report on harnessing migration for development in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank, International Organization for Migration (IOM) launch report on harnessing migration for development in Africa

It provides insights to leverage the potential of the African diaspora, build climate resilience, and harness skills mobility to drive Africa's development trajectory

The African Development Bank (www.AfDB.org) and the International Organization for Migration (IOM) released a joint report designed to support practitioners and decision makers to turn migration into a force for development in Africa. The report, Diaspora Engagement, Climate-Induced Migration and Skills Mobility: A Focus on Africa (https://apo-opa.co/3VE4Zd0) examines the impact…

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    • Tens of thousands of farmers and low-income households in southern Ethiopia will benefit from a program financed by an African Development Fund donation
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund grants $46 million to improve access to water and sanitation for pastoral communities in the Borana region

It will also be used to build 9 reservoirs, distribution systems (142.6 kilometres) and connections to give 36,000 new users access to drinking water

The Board of Directors of the African Development Fund in Abidjan on 28 February 2024, donated $46.02 million to Ethiopia to implement Phase 2 of the Borana Resilient Water Development for Improved Livelihoods Program in the country’s south. Financial support from the African Development Bank Group’s concessional rate loans window…

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    • Ambassador Mamman Nuhu, Executive Secretary of the Lake Chad Basin Commission (seated, left) and African Development Bank VP for Regional Development, Integration and Business Delivery, Marie-Laure Akin-Olugbade (seated, right) sign MOU framework to restore the Lake Chad Basin
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Lake Chad Basin Commission sign Memorandum of Understanding (MoU) to restore Lake Chad Basin

The Bank is also developing a multi-year institutional capacity building program to strengthen the Lake Chad Basin Commission to carry out in-depth environmental, technical and economic studies that will inform solutions

The African Development Bank Group (www.AfDB.org) and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in Ethiopia, will mobilise financial and technical resources to improve the…

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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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    • In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA)
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves up to $10 million stake in the Alliance for Green Infrastructure in Africa Project Development fund

The AGIA-PD fund will run for 15 years and should reach its capitalization target in three years

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD) fund in Abidjan on 24 January 2024. Part of the Alliance for Green Infrastructure…

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

African Development Bank and Trade and Development Bank (TDB) join forces to deploy clean technologies to cut carbon emissions in Africa

The new capital, to be sourced from the Clean Technology Fund (CTF), will also support the establishment of a project preparation facility to boost investment in clean technologies

The African Development Bank Group (www.AfDB.org) has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group’s (TDB Group) pioneering Class C Green+ shares to support clean technology and low carbon projects in its member states. The new capital, to be sourced from the Clean…

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    • US and African Development Bank forge stronger ties to boost food production (1)
    • US and African Development Bank forge stronger ties to boost food production (2)
    • US Secretary of State Antony Blinken (left) visited AfricaRice HQ in Abidjan, where he praised the African Development Bank Group’s work to improve Africa’s food security. He is welcomed by African Development Bank Group President Akinwumi Adesina (second left) and AfricaRice DG Baboucarr Manneh
    • Speaking to the press, Secretary Blinken said the Biden administration was convinced that there is tremendous potential in investing in the production of crops that are climate-resilient and highly nutritious
    • Bumper harvest: A local rice farmer (right) shows African Development Bank Group President Akinwumi Adesina rice varieties grown from climate-resilient seeds from the Bank’s TAAT initiative during a visit to AfricaRice’s headquarters in Abidjan
    • African Development Bank Group President Akinwumi Adesina shows US Secretary of State Antony Blinken a variety of rice grown from climate-resilient seeds from the Bank’s TAAT programme during a visit to AfricaRice’s HQ in Abidjan
    • L-R: African Development Bank Group President Akinwumi Adesina and US Secretary of State Antony Blinken listen attentively as a local rice farmer explains how climate-resilient seeds from the Bank’s TAAT programme have increased her yield, during a visit to AfricaRice’s HQ in Abidjan
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Source: African Development Bank Group (AfDB) |

United States and African Development Bank forge stronger ties to boost food production

The United States will work with the African Development Bank to identify opportunities to partner with the US State Department’s Vision for Adapted Crops and Soils (VACS) activities and develop an investment strategy

Secretary of State Blinken and Bank President Adesina Highlight Africa’s Efforts to Feed Itself and Rest of World; Welcome Increased Support and Investment in African Initiatives. United States Secretary of State Antony Blinken has praised the African Development Bank Group for the exceptional efforts it is undertaking to help Africa…

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

African Development Bank and United Kingdom (UK) select Tunisian cereals project as prime climate finance transaction under landmark Room to Run Sovereign Programme

The project will benefit up to 250,000 cereal farmers in the country, boosting their food security and self-sufficiency

The African Development Bank (www.AfDB.org) and the United Kingdom have announced the selection of the Inclusive and Sustainable Development of the Cereal Sector Project in Tunisia, as a standard-setting project under the Room to Run Sovereign transaction (R2RS) (https://apo-opa.co/3U3D0CP).   Approved in July 2023, this cereal sector project in Tunisia will strengthen…