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African Development Bank Group (AfDB)

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    • Financial support from the African Development Bank will help to improve the road network and open up two major regions of the country
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank approves a loan of over $140 million to open up two major regions with road infrastructure project

The new road surfaces will be adapted to climate change, enabling all-weather transportation locally and the wider area

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility at national and regional level in both urban and rural areas and create at least 200 jobs.…

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

Eswatini: a new Eco-green City planned with the support of the African Development Bank’s Urban and Municipal Development Fund (UMDF)

The project includes the setting up of a special agro-processing zone, to be undertaken by the Eswatini Water and Agriculture Development Enterprise (ESWADE), as a public-private partnership

The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (https://apo-opa.info/43CHYIN) is partnering with the Eswatini Water and Agriculture Development Enterprise on a new urban planning project, closely linked with the development of a transformative agro-industrial hub which will boost  economic activities and to attract tens of thousands of workers. The…

African Development Bank Group (AfDB)

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    • Construction of the Manzini Golf Course interchange in Eswatini
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank satisfied with portfolio implementation progress at mid-term of Country Strategy Paper

The Country Strategy Paper cites 11 projects that are to be approved during the remainder of the CSP period, 2022-2024

Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank Group (https://www.AfDB.org/) approved the mid-term report of the implementation of the Bank’s 2020-2024 Country Strategy Paper (CSP) for Eswatini and the 2022 country portfolio performance.   The review assessed the extent to which the objectives…

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

CORRECTION: Africa is the place to invest, visiting US congressional delegation acknowledges to African Development Bank chief

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday

United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on…

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

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

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

African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa

The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020

The African Development Bank (AfDB) (www.AfDB.org) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow…

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

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate…

African Development Bank Group (AfDB)
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…

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

African Development Bank ranks 4th on global index of transparency

Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency

Publish What You Fund has ranked the African Development Bank (www.AfDB.org) fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of transparency…

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

African Development Bank Group unveils $10 billion Response Facility to curb COVID-19

The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution's primary channel for its efforts to address the crisis

The African Development Bank Group (www.AfDB.org) on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution's primary channel for its efforts…