African Development Bank Group (AfDB)
  • Multimedia content

  • Images (1)
    • Ethiopian President Sahle-Work Zewde greets African Development Bank chief Akinwumi Adesina during a visit to the Bank’s headquarters in Abidjan on 16 December 2021. The Bank Group’s African Development Fund is supporting Ethiopia with a $4.3 million grant to fund capacity building
  • All (1)
Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund approves $4.3 million grant to fund capacity building, boost economic resilience

The African Development Fund is the concessional lending arm of the African Development Bank Group

The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments, to enable the country tackle declining growth and other economic challenges. The Ministry of Finance will implement the project. The African Development Fund is…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (1)
    • State Minister Semereta Sewasew of the Ethiopian government’s Ministry of Finance and Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate & Green Growth, sign an agreement for $830,000 in technical assistance grant funding
  • All (1)
Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Bank signs $830,000 grant agreement to improve climate resilience for communities and ecosystems

The grant will contribute to the development of a climate-aligned water resources development plan and investment strategy for the Ziway-Shalla sub-Basin in Ethiopia’s central rift valley

The African Development Bank (www.AfDB.org) has signed an $830,000 technical assistance grant agreement for Ethiopia. The funds will help mainstream climate risk management, gender and resilience into economic planning and development in the country’s Ziway-Shallah sub-Basin. The signing took place on Thursday 26 May during the African Development Bank Group’s…

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

Radio News Release (Soundbite): Heat-tolerant wheat varieties helped Ethiopia stop wheat imports and become a net wheat exporter, says African Development Bank President Akinwumi Adesina

The soundbite below is copyright free and can be used at will, without asking for authorization

The recording is an excerpt of African Development Bank (www.AfDB.org) President Akinwumi Adesina’s opening statement at the meeting of African Ministers of Finance and Ministers of Agriculture jointly organized by the African Union Commission and the African Development Bank Group on 19 May 2022. Its objective was to discuss the…

Source: African Development Bank Group (AfDB) |

African Union welcomes $11.48 million grant from the African Development Fund to strengthen delivery of Agenda 2063

The grant will contribute to the Institutional Capacity Building for the African Union Project, a program designed to improve the AUC’s capacity to drive Agenda 2063

The African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund to strengthen its governance and provide it with institutional support. Approval for the grant, from the Fund’s regional public goods window, came a few days ahead of the 35th Ordinary Session of…

Source: African Development Bank Group (AfDB) |

African Development Bank President promoting continent’s recovery at 35th Ordinary Session of the African Union Assembly

Adesina will make a presentation on Mobilizing Financing for Africa’s Accelerated Economic Recovery Development and Integration

African Development Bank Group (www.AfDB.org) president, Dr. Akinwumi A. Adesina, is leading his institution’s delegation to the African Union’s Executive Council and Assembly meetings taking place in Addis Ababa this week. Adesina and his team will use the summit as an opportunity to promote key issues on the African Development…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (5)
    • HE Sahle-Work Zewde visit to African Development Bank (1)
    • HE Sahle-Work Zewde visit to African Development Bank (2)
    • HE Sahle-Work Zewde visit to African Development Bank (3)
    • HE Sahle-Work Zewde visit to African Development Bank (4)
    • HE Sahle-Work Zewde visit to African Development Bank (5)
  • All (5)
Source: African Development Bank Group (AfDB) |

Ethiopian President Sahle-Work Zewde and African Development Bank chief Akinwumi Adesina discuss Ethiopia’s development priorities

Dr Adesina cited several Bank-financed initiatives which he said were helping to bring the Bank’s High 5 priorities to fruition in Ethiopia

Ethiopian President Sahle-Work Zewde met with African Development Bank (www.AfDB.org) President Dr Akinwumi A. Adesina while on a working visit to Côte d’Ivoire. Meeting Thursday at the Bank’s headquarters in Abidjan, they discussed Ethiopia’s current and post-Covid-19 development priorities. Describing the African Development Bank as Ethiopia’s development partner of choice,…

Source: African Development Bank Group (AfDB) |

African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection

The grant agreements were signed on 21 July 2021 by Ethiopian Finance Minister Ahmed Shide, and Kamara

The African Development Bank Group (www.AfDB.org) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti. The grants fall under the Bank Group’s concessional lending window, the African Development Fund, and will go towards the…

Source: African Development Bank Group (AfDB) |

African Development Fund extends $83.6 million in grants to boost Ethiopia-Djibouti electricity trade

The funds comprise a $69.65 million grant to Ethiopia and a second grant of $13.93 million to Djibouti, both sourced from the African Development Fund

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved two grants worth $83.6 million to boost cross-border trade in electricity between Ethiopia and Djibouti and to deepen integration in the Horn of Africa sub-region. The funds comprise a $69.65 million grant to Ethiopia and a second…

Source: African Development Bank Group (AfDB) |

The Green Climate Fund approves $170.9m in co-financing for African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) program

LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE) projects in six program countries

The Board of the Green Climate Fund (GCF) (www.GreenClimate.Fund) has approved $170.9 million in financing for the African Development Bank’s (www.AfDB.org) Leveraging Energy Access Finance Framework (LEAF) program. LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE)  projects in six program countries: Ghana, Guinea, Ethiopia, Kenya, Nigeria…

Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…