Source: African Development Bank Group (AfDB) |

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries

The African Development Bank (www.AfDB.org) and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place on Sal Island on 1 July,…

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

The Remarkable Story of Anthony, President Akinwumi Adesina’s Adoptive Son from Madagascar

For President Adesina, Anthony’s story is one of hope

Three years ago, Anthony, then 11, showed signs of stunted growth as observed by African Development Bank (www.AfDB.org) President Akinwumi Adesina during a visit to Madagascar’s Bas Mangoky region. To the Bank chief, the boy looked no more than 5 years of age. “I was transfixed by one of the…

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

The African Development Fund improving and impacting lives of millions in Africa

In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security

Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid rollout of development projects, but its investments continue to transform and sustain lives, beneficiaries say. In 38 of the continent’s neediest countries, the Fund is creating linkages to promote…

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

African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan

The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works

The Board of Directors of the African Development Bank (www.AfDB.org) on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the…

Source: African Development Bank Group (AfDB) |

Côte d’Ivoire: Government seeks Bank’s support for $5.8 bln tourism plan

The document entitled "Sublime Côte d’Ivoire", was presented to the Bank’s Vice-President responsible for Private sector, Infrastructure and Industrialization, Pierre Guislain, at the headquarters in Abidjan

Ivorian Minister of Tourism Siandou Fofana on 25 April 2019 presented a strategy document aimed at making Côte d’Ivoire Africa’s fifth biggest tourism destination from 2025 to the African Development Bank (www.AfDB.org) , and sought its support to implement the plan. The document entitled "Sublime Côte d’Ivoire", was presented to…

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

Country Results Brief 2007-2018: The African Development Bank: a decade of key partnership with Guinea

Access to energy and development of agricultural and industrial value chains represent the two pillars of the Bank’s new strategy in Guinea

The African Development Bank (www.AfDB.org) on Wednesday released its most recent Country Report Brief for Guinea (http://bit.ly/2Wa3LVk). The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.…

Source: African Development Bank Group (AfDB) |

South Sudan: Thousands receive food, thanks to Emergency Response project supported by the African Development Bank, World Food Programme (WFP)

The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African Development Bank

Thousands of people in South Sudan have received relief from a food security project which is addressing the nation’s severe food and nutrition needs. The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African…

Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

This intervention will promote local currency infrastructure financing, and further development of the domestic capital market

The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing…

Source: African Development Bank Group (AfDB) |

World Health Day 2019: African Development Bank joins the global call for universal health coverage for all

World Health Day 2019 is a timely opportunity to focus on the inclusion of Africa’s health work force in the development agenda

On the occasion of World Health Day 2019 (https://bit.ly/2TV1ImS), the African Development Bank Group (www.AfDB.org) is renewing its call for firmer commitment to pledges made by countries for universal health coverage for all individuals and communities. In a statement issued Sunday 7 April 2019, Oley Dibba-Wadda, Director of Human Capital,…

Source: African Development Bank Group (AfDB) |

AfricaSan5: African Development Bank calls for scale up in implementation of sanitation targets, honours Piers Cross

The conference was co-convened by the African Ministers Council on Water (AMCOW)

The African Development Bank (www.AfDB.org) has called on development partners to scale up support for implementation of sanitation programs to fast track Africa’s progress and deliver on its promise to the continent. “Achieving the Ngor Commitments and the ambitious targets for sanitation and hygiene within the Global Development Agenda can…