African Development Bank Group (AfDB) / Press Release

Source: African Development Bank Group (AfDB) | Feb 09, 2024

African Development Bank, United Nations High Commissioner for Refugees (UNHCR) explore pathways to support forcibly displaced people in South Sudan

Since the start of the war in Sudan 300 days ago, more than half a million people have arrived in South Sudan, most of them South Sudanese who had been in Sudan for decades

During a joint visit to South Sudan, the African Development Bank (www.AfDB.org) and UNHCR, the UN Refugee Agency, committed to deepening their collaboration for displaced people and host communities in the country. Since the start of the war in Sudan 300 days ago, more than half a million people have…

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- Hydropower plants like Kinguélé Aval in Gabon can, with refurbishment, play a key role in Africa's energy transition by reducing reliance on fossil fuel-derived electricity
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Source: African Development Bank Group (AfDB) | Dec 18, 2023

Multinational: African Development Bank’s Sustainable Energy Fund for Africa (SEFA) to provide $9.72 million to modernise the African Hydropower Fleet

The project fully aligns with the Bank's New Deal on Energy for Africa, which aims to provide universal access to energy for Africans, prioritising low-carbon technologies that harness the continent's hydro, solar, geothermal, and wind resources

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) (www.AfDB.org/SEFA) has approved a $9.72 million grant to scale up the Africa Hydropower Modernisation Programme (AHMP), a one-stop shop that overhauls African hydropower systems to enhance their reliability and flexibility. With this new funding, AHMP will expand the modernisation of a…

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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) | May 30, 2023

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…

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- Daf'Allah Mohamed Ahmed is one of more than 1,400 farmers and stakeholders taking part in the TAAT program, set to expand under the African Emergency Food Production Facility program for Sudan approved by the African Development Bank Board
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Source: African Development Bank Group (AfDB) | Dec 13, 2022

Sudan: African Development Bank Group commits nearly $74 million to boost wheat production

Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national…

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Source: African Development Bank Group (AfDB) | May 20, 2022

Radio News Release (Soundbite): The African Development Bank helped Sudan reduce its wheat imports by 50% thanks to drought-tolerant seeds, says African Development Bank President Akinwumi Adesina

The soundbite below is copyright free and can be used at will, without asking for authorization

The recording is an excerpt of African Development Bank (www.AfDB.org) President Akinwumi Adesina’s opening statement at the meeting of African Ministers of Finance and Ministers of Agriculture jointly organized by the African Union Commission and the African Development Bank Group on 19 May 2022. Its objective was to discuss the…

Source: African Development Bank Group (AfDB) | Apr 23, 2021

Sudan: African Development Bank Group approves proposal to clear $413 million arrears

The proposal enables the Bank to proceed with clearing Sudan’s arrears with the African Development Bank Group, with the support of the United Kingdom and Sweden

The Boards of Directors of the African Development Bank (www.AfDB.org) Group on Friday approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan to the institution, marking a major milestone in the country’s re-engagement with international financial institutions and the global economy. The…

Source: African Development Bank Group (AfDB) | Feb 15, 2021

The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region

The Sahel Alliance has invited the African Development Bank to lead a working group on agriculture, rural development and food security

The Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active…

Source: African Development Bank Group (AfDB) | Dec 21, 2020

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility

The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to…

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Source: African Development Bank Group (AfDB) | Nov 19, 2020

Sudan: $28.233 million in African Development Fund Grants to bolster response to COVID-19

The grants are being provided under the African Development Bank’s COVID-19 Response Facility

The Board of the African Development Fund on Wednesday approved grants worth $28.233 million to Sudan to shore up the country’s health system to effectively respond and contain the COVID-19 pandemic, mitigate its social and economic impacts and build resilience to future pandemics, including climate-induced outbreaks. The funding will take…

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Source: African Development Bank Group (AfDB) | Nov 12, 2020

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…