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African Development Bank Group (AfDB)

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    • L-R: AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra Leone; and Muhammad Bashar Muhammad, Undersecretary of Economic Planning, Sudan
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Source: African Development Bank Group (AfDB) |

Five African Development Bank (AfDB) regional member countries set to join African Development Fund replenishment

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle

Five African Development Bank (www.AfDB.org) Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the…

African Development Bank Group (AfDB)

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    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (1)
    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (2)
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Source: African Development Bank Group (AfDB) |

West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone

The project is expected to enhance financial sector efficiency within the participating countries, leading to increased access to finance and further regional integration efforts

The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. Implementation of the project will commence in July 2023, led by the…

African Development Bank Group (AfDB)

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    • Project beneficiaries installing a water meter in Freetown
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Source: African Development Bank Group (AfDB) |

An African Development Bank project is creating skills and new jobs for the youth in Sierra Leone

The project has seen the training of young people in plumbing and business management

An African Development Bank-funded (http://www.AfDB.org) project in Sierra Leone is fast building technical and business skills for young people in the country. Approved by the bank’s board four years ago, the Freetown Water, Sanitation, Hygiene and Aquatic Environment Revamping Project has strongly supported training and helped form micro and small…

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

Sierra Leone: African Development Fund extends additional grant funding of $12 million to boost drive for self-sufficiency in rice

The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost of nearly $37 million

The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap…

African Development Bank Group (AfDB)

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    • Government representatives and experts from the Bank and the Mano River Union, joined by women traders to launch the BI-BEST project
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Mano River Union launches scheme to build inclusive business ecosystems (By Charleine MBUYI LUSAMBA & Hoda Tarek)

Sierra Leone’s Minister of Gender and Children's Affairs, Manty Tarawalli, commended the African Development Bank for what she said was a “well-thought” initiative to support women’s economic empowerment

By Charleine MBUYI LUSAMBA, Task Manager & Hoda Tarek, Gender and Development Expert On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown,…

African Development Bank Group (AfDB)

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    • Seedlings under sustainable cultivation in Ghana for use in the production of biomass fuel
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Africa Fund for Africa approves $1 million reimbursable grant to develop bioenergy plants in Ghana and Sierra Leone

The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd (http://www.NewAfricaImpact.com) to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s…

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

Sierra Leone: African Development Fund Approves $2 Million Grant to Boost Food Production

The project will be rolled out through the established e-wallet input distribution system over two cropping seasons, beginning in 2022

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group (www.AfDB.org), has approved a grant of $2 million to boost food production in Sierra Leone. The program falls under the African Development Bank Group’s $1.5 billion African Emergency Food Production Facility (https://bit.ly/3cB1QpX),…

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    • In Sierra Leone, more than half of the population in rural areas now have access to an adequate supply of drinking water, thanks to a project supported by the African Development Bank
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Source: African Development Bank Group (AfDB) |

In Sierra Leone, Improved Access to Safe Drinking Water for More Than 700,000 People in Rural Areas, Thanks to the African Development Bank

The project received UA 25.57 million ($39.38 million) in funding from the African Development Fund

Implemented in Sierra Leone between 2013 and 2021, the Rural Water Supply and Sanitation Project (https://bit.ly/3aQRr9l) has increased access to safe drinking water by 13% and to safe basic sanitation by 3%. Approximately 720,000 people have benefited from rural water supply developments, while 25,371 households have gained access to safe basic…

African Development Bank Group (AfDB)

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    • Map showing the Mano River Union region: Improving road infrastructure and promoting intra-community trade will help boost the post-conflict recovery in the Mano River Union area
    • In the past five years, the African Development Bank Group has provided over 69 million people with improved transport – picture: Moyale-Mombasa Road
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Source: African Development Bank Group (AfDB) |

The Mano River Union: African Development Fund commits $88.2 Million for Road Development and Transport Facilitation in Liberia and Sierra Leone

The Mano River Union is an international association initially established between Liberia and Sierra Leone in 1973 under the Mano River Declaration

The Board of Directors of the African Development Fund,  the concessional window of the African Development Bank Group (www.AfDB.org), on Wednesday approved $88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union (https://bit.ly/3iuTBvh). The Mano River Union is an international…

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

African Development Bank grant to improve governance of natural resource outflows in six African countries

The Transitional Support Facility has awarded a $2.8 million grant for the Governing Natural Resource Outflows for Enhanced Economic Resilience in Fragile and Transitional Countries (GONAT) project in the selected fragile and transitional countries

Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa. The African Development Fund is the concessional lending arm of the African Development Bank Group.…