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African Development Bank Group (AfDB)

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    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (1)
    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference

The conference was a roadmap for sustainable blue and green financing for São Tomé and Príncipe and other small island developing states

The UNESCO biosphere reserve of Príncipe island was the site of the first international conference dedicated to biodiversity financing hosted by the Government of São Tomé and Príncipe, the Regional Government of Príncipe, in partnership with the United Nations and the African Development Bank (www.AfDB.org). Raising awareness of the challenges…

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

São Tomé and Príncipe: African Development Bank Group extends $17.4 million to support public finance and energy sector reforms

The government will receive $10.7 million divided evenly over fiscal year 2023 and fiscal year 2024 under the Fiscal Sustainability and Economic Resilience Program (FSERP)

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $17.4 million in grants for Sao Tome and Príncipe to shore up the national budget and enhance public service delivery as part of the economic response to support public finance and energy sector reforms following several external…

African Development Bank Group (AfDB)

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    • Ceitonia Lima Neto, Operations Assistant, AfDB Country office, Sao Tome and Principe, speaking during the session
    • (L-R) Mr. Pietro Toigo, AfDB Country Manager for Angola and Sao Tomé and Principe; Mr. Lindley de Jesus, Director of Planning and Economic Studies at the Ministry of Planning, Finance and Blue Economy; and Mrs. Zeneb Toure, Manager, Civil Society and Community Engagement Division, AfDB
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Source: African Development Bank Group (AfDB) |

Sao Tome and Principe: African Development Bank holds Civil Society Open Day

Some 31 representatives of civil society organizations (CSOs) joined the discussions, particularly on issues relating to youth employment, energy transition and support for agriculture and the marine economy

The African Development Bank (www.AfDB.org) Country Office in Sao Tome and Principe held its maiden Open Day on 23 March 2023 to discuss its country strategy and portfolio, opportunities, and interventions for the island nation’s sustainable and inclusive development. Some 31 representatives of civil society organizations (CSOs) joined the discussions,…

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

Sao Tome and Principe: African Development Bank signs $3.2 million loan agreement for upgrade of National Switch payment system

The upgrade will allow for automatic Real Time Gross Settlement (RTGS) modules and Automated Clearing House functionalities which strengthen the clearing and settlement of payments

The African Development Bank Group (www.AfDB.org) and the government of Sao Tome and Principe have signed a $3.2 million loan agreement to upgrade the country’s National Switch payment system that supports the clearing and settlement of country wide high-value and retail payments. The upgrade will allow for automatic Real Time…

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

São Tomé and Príncipe: African Development Fund extends a USD 10.7 Million Grant to Support SMEs in Agriculture and Tourism

The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth

The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of the Zuntámon Initiative, within the framework of the Lusophone Compact. The project aims to improve the…

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) |

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…