Source: African Development Bank Group (AfDB) |

South Korea ready to partner with Africa on technology

"A win-win proposition" - Akinwumi A. Adesina, President of the African Development Bank

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there…

Source: African Development Bank Group (AfDB) |

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

The programme’s initial phase is expected to run from 2019 to 2023

The African Development Bank (www.AfDB.org) has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries. The comprehensive programme, open to regional member countries, will enhance their ability to evaluate climate-related risks and…

Source: African Development Bank Group (AfDB) |

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future

Responds to G20 Action Plan for MDB Balance Sheet Optimization; Creates additional headroom that will be chanelled to support further development across Africa; Supported by Insurance Broker - RFIB Group Ltd and leading UK reinsurers. The African Development Bank (AfDB) (www.AfDB.org) and African Trade Insurance Agency (ATI) announce the successful completion…

Source: African Development Bank Group (AfDB) |

South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans

The financing will support the Company’s growth plans and initiatives to support Small and Medium Enterprises (SMEs) in the country’s mass transit segment

The African Development Bank (www.AfDB.org) has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators.  The minibus taxi system…