We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Madagascar's President Andry Rajoelina has won the 2023 Babacar Ndiaye Super Prize
  • All (1)
Source: African Development Bank Group (AfDB) |

Madagascar's President Andry Rajoelina named winner of 2023 Babacar Ndiaye Super Prize

The award was created in honor of Babacar Ndiaye, president of the African Development Bank Group, from 1985 to 1995

The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022 (https://apo-opa.info/3B0mAAl). According to a press release by the…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • From left: Mamy Razakanaivo, Executive Secretary of the CPGU; World Food Program Madagascar Country Director Pasqualina Di Sirio; Madagascar Minister of Agriculture and Livestock Harifidy Ramilison; UK Ambassador to Madagascar David Ashley; AfDB Madagascar Country Manager Ada Amoumoun; UN Assistant Secretary General and ARC Group Director General Ibrahima Cheikh Diong; ARC Ltd Head of Government Services for East and Southern Africa Koffi Konin; Madagascar Minister of Economy and Finance Rindra Hasimbelo Rabarinirinarison; AfDB Programme Officer Fatoumata Camara; and General Secretary of the Malagasy Government Indriamanga Rakotoarisoa at the handover ceremony.
  • All (1)
Source: African Development Bank Group (AfDB) |

Madagascar: African Risk Capacity Group-African Development Bank partnership issues $1.5 million insurance pay-out for Tropical Cyclone Freddy recovery efforts

The funds, comprising $1.2 million to the government of Madagascar and $300,000 to the World Food Programme, were paid under the ARC Replica initiative

Representatives of the African Risk Capacity (ARC) Group and the African Development Bank (www.AfDB.org) presented two cheques worth $1.5 million in insurance payouts to the Government of Madagascar and the World Food Programme (WFP) to support the country’s recovery from Tropical Cyclone (TC) Freddy. The funds, comprising $1.2 million to…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • Young entrepreneurs who participated in a capacity building session received certificates
    • A woman entrepreneur receives her certificate after participating in an entrepreneurial capacity building session
  • All (2)
Source: African Development Bank Group (AfDB) |

Madagascar: Notice to Small and Medium-Sized Enterprises of second call for applications for the “Business Linkage Program"

By mid-October 2022, 150 small and medium-sized enterprises will be selected to participate

It has been three years since the African Development Bank (www.AfDB.org) launched a programme in Madagascar to support the growth of small and medium-sized enterprises in the country. Objectives: To enable them to achieve economies of scale and create better employment opportunities for women and young people in key sectors…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Madagascar: Yields increase for youth enterprises, thanks to an African Development Fund Project
  • All (1)
Source: African Development Bank Group (AfDB) |

Madagascar: Yields increase for youth enterprises, thanks to an African Development Fund Project

The project has enabled the development of 13,086 hectares of land, including 2,064 hectares in the lowlands

Launched in 2016, the Young Rural Enterprises Project in the Central West of Madagascar has helped improve agricultural yields. Yields of rice and maize doubled, according to a project progress report released by the African Development Bank (www.AfDB.org) on 30 August 2022. The African Development Fund, the Bank Group's concessional…

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

Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project

The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission and interconnection project in Madagascar. The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of…

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

Financial modelling in the extractive sector: Harness Africa’s natural resources for sustainable development - African Development Bank

Natural resources play a critical role in economies, as they contribute to the well-being of the people, as a source of livelihood and contribute to GDP

Africa should harness its natural resources to accelerate sustainable development, the African Development Bank’s (www.AfDB.org) Chief Economist and Vice President for Economic Governance and Knowledge Management has said. Rabah Arezki was speaking to policymakers and stakeholders during a two-day inception workshop which began Monday on the Bank’s Financial Modelling for…

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

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

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

Malawi to receive $45.07 million for national COVID-19 emergency response from the African Development Bank

The budget support intervention, will help boost the Malawi National COVID-19 Preparedness and Response Plan

Malawi will receive $45.07 million to finance the government’s response to the health, social and economic impacts of the COVID-19 pandemic, following a decision by the Board of Directors of the African Development Fund (ADF) held Wednesday. The package comprises a loan of $24.48 million, and a grant of $20.59…

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

African Development Fund approves UA100.4 million multi-country Covid-19 Response Support for Malawi, Madagascar, Mozambique and Sao Tome

The package will support the national actions of the four countries in mitigating the impact of COVID-19, with the overall objective of protecting lives and livelihoods

The Board of Directors of the African Development Fund (ADF) on Wednesday approved a UA100.4 million (about $138 million) crisis budget support package to four southern African countries – Malawi, Madagascar, Mozambique and São Tomé & Príncipe, in the wake of the COVID-19 pandemic. Under the package, known as the…

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

African Development Fund approves COVID-19 Response grants for six Southern African countries and São Tomé & Príncipe

The funds will facilitate the procurement of laboratory and medical supplies

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the…