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African Development Bank Group (AfDB)

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    • Portuguese Foreign Affairs Minister João Gomes Cravinho (7th from left) with AfDB Senior Vice President Swazi Tshabalala( to his immediate right) and their teams. African Development Bank HQ , Abidjan, 4 July 2023
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Source: African Development Bank Group (AfDB) |

Portugal affirms partnership with African Development Bank and Lusophone Compact

The parties discussed their mutual relationship and the Lusophone Compact agreement signed between the African Development Bank, the government of Portugal and six Portuguese speaking African countries

Portuguese Foreign Affairs Minister João Gomes Cravinho has affirmed his country’s continuing support for the African Development Bank (www.AfDB.org) during a meeting at the Bank’s headquarters in Abidjan. Portugal has been a non-regional member of the Bank since 1983. Cravinho met with African Development Bank Group Senior Vice President Swazi Tshabalala…

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

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries

The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in…

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

African Development Bank commits $1.04 million towards two COVID-19 research projects in Angola

The Angolan Government intends to promote research and enhance capacity in the health sector, against the backdrop of the COVID-19 pandemic

Funds from the African Development Bank’s (www.AfDB.org) ongoing Science and Technology Development Project have been committed towards two research projects to mitigate the novel coronavirus (COVID-19) in Angola. The Science and Technology Development Project which is being executed by the Ministry of Higher Education, Science, Technology and Innovation, aims to…

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

Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum

The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance

The African Development Bank (http://www.AfDB.org) presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products…

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

Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development

The Portuguese Government has allocated Euro 400 million in guarantees and other risk sharing mechanisms in the 2019 national budget to support the implementation of the Compact

The African Development Bank (AfDB.org) and the governments of Equatorial Guinea 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, known as PALOPs. Equatorial Guinea is the sixth and final PALOP country…

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

Angola to Sign Lusophone Country-Specific Compact

On 10 July 2019, The Governments of Angola and Portugal and the African Development Bank, will sign a Country-Specific Compact

WHO: The Government of Angola, the Government of Portugal, and the African Development Bank WHAT: Lusophone Country-Specific Compact Signing Ceremony         WHERE: Luanda International Fair (FILDA), Special Economic Zone    WHEN: 10 July 2019, 10:15-11:25 a.m. On 10 July 2019, The Governments of Angola and Portugal and the African Development Bank, will…

African Development Bank Group (AfDB)
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) |

African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)

The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal

The African Development Bank (www.AfDB.org) announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took…

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

Hello Malabo! Equatorial Guinea

All set for the African Development Bank's 54th Annual Meeting

"When you put your forces together, you can achieve the critical mass to be solid player on the global scene," African Development Bank (https://www.AfDB.org/en/) 's  Chief Economist and Vice President of Economic Governance & Knowledge Management Celestin Monga told journalists at a press conference ahead of the Bank's Annual Meetings.…

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

CHANGE OF VENUE: African Development Bank to present 2019 African Economic Outlook at 32nd AU Summit

The theme for this year’s African Economic Outlook is “Integration for Africa’s Economic Prosperity”

What: Presentation of the 2019 African Economic Outlook report When: 8 February 2019  Location: Small Conference Hall 1, AU Headquarters, Addis Ababa, Ethiopia. Time: 8.30 – 10.30 am The African Development Bank (www.AfDB.org) will present the 2019 edition of its flagship African Economic Outlook (https://bit.ly/2Djcpf8) (AEO) report on the sidelines of the 32nd Ordinary Session of the Assembly…