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African Development Bank Group (AfDB)

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    • African leaders of government and institutions at the AU Industrialization Summit in Niamey, Niger
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Source: African Development Bank Group (AfDB) |

African leaders call for faster industrialization during African Union Summit

Bazoum called on African countries to entrench the rule of law to catalyze the emergence of the African private sector

African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization,…

African Development Bank Group (AfDB)

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    • The African Development Bank is supporting rural dwellers’ enhanced access to financial services through decentralized financial systems.
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Source: African Development Bank Group (AfDB) |

Niger: African Development Fund Provides $16 Million to Support Financial Sector Deepening and Inclusion

The project will strengthen mobilization of long-term resources for financial service providers and improve financial inclusion of vulnerable populations

The Board of Directors of the African Development Fund (http://bit.ly/3gEDVZp), the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. The project will strengthen mobilization of long-term resources for…

African Development Bank Group (AfDB)

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    • Mr. Kalidou Diallo, Country Economist at the African Development Bank in Niger; Dr. John Andrianarisata, Country Manager of the Bank, Mr. Saadou Bakoye, Secretary General of the Ministry of Planning and Mr. Iro Souléye, Advisor to the Ministry of Planning
    • In addition to representatives of the Government of Niger and the Bank, several stakeholders are participating in the completion review of the 2018-2022 CSP combined with the 2022 portfolio review and dialogue on the next CSP 2023-2027 of the Bank for Niger
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Source: African Development Bank Group (AfDB) |

Niger: African Development Bank, government hold multistakeholder dialogue on Country Strategy Paper for 2023-2027

Some 60 senior officials from government agencies, experts from the African Development Bank Group and representatives of the private sector and civil society are participating in the review

The government of Niger, the African Development Bank (www.AfDB.org) and several other stakeholders have begun a review of the country’s 2018-2022 Country Strategy Paper (CSP) and 2022 portfolio performance review, which are both completed. The parties also started discussions on the new country programming for the next five years (2023-2027).…

African Development Bank Group (AfDB)

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    • Through appropriate capacity building programmes, Sahel countries will increase their own capabilities to accelerate their energy transition
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Source: African Development Bank Group (AfDB) |

African Development Bank, MASEN and RES4africa to co-organise training programme for Sahel countries

The planned sessions are relevant to all aspects of the solar energy value chain and landscape – from utility scale to decentralized uses

The African Development Bank (www.AfDB.org), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy…

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

Niger: African Development Bank Group approves $127 million package to open up eastern agricultural areas

The approved package comprises a loan of $71 million and a grant of $56.8 million

On Wednesday in Abidjan, the African Development Bank Group (www.AfDB.org) approved funding of $127.8 million to Niger. The funds approved by the Board of Directors of the African Development Fund, the Group's concessional arm, will be used for a project to open up access to farming and pastoral lands in the…

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

African Development Bank Group approves $379.6 million Desert to Power financing facility for the G5 Sahel countries

The facility is expected to result in 500 MW of additional solar generation capacity and facilitate electricity access to some 695,000 households

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven…

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

Desert to Power G5 Sahel Financing Facility receives $150 million from Green Climate Fund

The initiative is expected to lead to substantial CO2 emission reductions – projected at over 14.4 million tCO2equ

The African Development Bank (www.AfDB.org) has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its 30th Board meeting this week. Desert-to-Power is a flagship renewable energy and economic development initiative led by the African…

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

African Development Bank Group’s $6 million grant kicks off Desert-to-Power West Africa Regional Energy Program

Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the region’s abundant solar potential

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the…

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

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

African Development Bank Group (AfDB)
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…