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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…

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

Opinion: The pandemic is no time for fiscal distancing (By Akinwumi A. Adesina)

The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario

Akinwumi A. Adesina is President of the African Development Bank Group (www.AfDB.org) These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic across financial markets, as…

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

African Development Bank celebrates milestone with first social bond listing on London Stock Exchange

Record-breaking $3 billion Fight Covid-19 social bond launches on LSE: a first for the Bank

The African Development Bank’s (www.AfDB.org) “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now available through its Sustainable Bond Market. The listing marks an important milestone as the Bank…

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

African Development Bank wins industry gong for pioneering 2019 social bond issue

This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors

The African Development Bank (www.AfDB.org) received on 30 March 2020 an award for its successful one billion Norwegian krone (NOK) social bond issued in 2019. This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors. "It…

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

African Development Bank approves $2 million emergency assistance for WHO-led measures to curb COVID-19 in Africa

The grant will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19

The Board of Directors of the African Development Bank (www.AfDB.org) on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts. The grant, which is in response to an international appeal…

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

CORRECTION: African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

Landmark transaction, largest US dollar denominated Social bond transaction to date in capital markets

The African Development Bank (AAA) (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.   The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and…

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

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

Landmark transaction, largest Social bond transaction to date in capital markets

The African Development Bank (AfDB) (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.   The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and…

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

African Development Bank announces bold measures to curb coronavirus

The Bank has already taken several other steps to counter an escalation of the virus, including a 14-day self-quarantine for employees returning from high-risk countries

The African Development Bank (https://www.AfDB.org/) on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in country's where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to Bank buildings,…

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

Namibia: African Development Bank approves $121.7 million loan, Euro 3 million grant to support water and sanitation sector

The program will facilitate sustainable production and transfer of water resources to improve access to potable water and for agricultural and industrial use

The Board of Directors of the African Development Bank (https://www.AfDB.org/en) on Wednesday approved a $121.7 million loan (ZAR 1.893 billion) and Euro 3 million grant from the Rural Water Supply Sanitation Initiative Trust Fund to support Namibia’s “Water Sector Support Program”. The program will facilitate sustainable production and transfer of…

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

Nigeria: Visiting Abia State Governor seeks partnership with African Development Bank to transform state into industrial hub

The State Government’s goal is to transform the region into a manufacturing and industrial powerhouse and create 700,000 jobs over 5 years

A thriving entrepreneurship industry and agricultural base in Nigeria’s Abia State are the foundation for the creation of a potentially viable industrial hub, its governor Okezie Ikpeazu told the African Development Bank (https://www.AfDB.org/) Tuesday. Ikpeazu met with African Development Bank President Akinwumi Adesina at the Bank’s headquarters in Abidjan, Cote…