Source: African Development Bank Group (AfDB) |

Eighth Tokyo International Conference on African Development (TICAD8): African Development Bank to complement Japan Africa Dream Scholarship with African Science, Technology and Innovation Fund – Dr. Adesina

The Japan Africa Dream Scholarship program awards two-year scholarships to high-achieving African students to pursue post-graduate studies in priority development areas across Africa and in Japan

African Development Bank head Dr. Akinwumi A. Adesina, has commended the Japan Policy and Human Resources Development Grant, established by the Bank and the government of Japan, for its support to the Japan Africa Dream Scholarship program. The Japan Africa Dream Scholarship program awards two-year scholarships to high-achieving African students…

Source: African Development Bank Group (AfDB) |

African Development Bank and African Guarantee Fund Launch Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Collaboration with Tanzania Bankers’ Association

The opening day on Tuesday 26 July 2022 drew over 200 representatives from banks and other financial institutions, governments, policymakers, and entrepreneurs in Tanzania

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African Guarantee Fund (AGF) and the Tanzania Bankers’ Association this week in Dar es Salaam. The opening day on Tuesday 26 July 2022 drew over…

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    • Jules Ngankam, CEO of AGF Group (left), Abdulmajid Nsekela, CEO of CRDB, and Nnenna Nwabufo, African Development Bank’s Director General for East Africa, holding copies of the signed agreements.
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Source: African Development Bank Group (AfDB) |

African Development Bank and African Guarantee Fund Sign $110 Million Agreement with Tanzania’s CRDB Bank to Boost Access to Finance by Women’s SMEs

The African Development Bank’s Nnenna Nwabufo stated that the partnership would, as CRDB expands, enable SMEs to access finance in the region

The African Development Bank (www.AfDB.org) signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a senior loan of $10 million to accelerate access to finance for small businesses managed and owned by women in Tanzania. The facility is coupled with…

African Development Bank Group (AfDB)
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    • Workers carry bags of fertilizer at a warehouse in Njombe, Tanzania
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Source: African Development Bank Group (AfDB) |

African Development Bank Group approves $73.5 million to boost food production in Tanzania

This approval comprises a $2.5 million grant from the resources of the African Development Fund, the Bank Group’s concessional window, and a $71 million loan

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Friday approved $73.5 million to finance a program that will boost Tanzania’s food production by a million tonnes in three years. The Tanzania Agricultural Inputs Support Project, spanning September 2022-June 2025, was designed under the Bank Group’s African…

Source: African Development Bank Group (AfDB) |

African Development Bank Grants $1.4 Million to Export Trading Group to Strengthen Entrepreneurship Skills of Women-owned & Led Businesses in Mozambique, Tanzania and Zambia

ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and…

African Development Bank Group (AfDB)
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    • Samia Suluhu Hassan, President of Tanzania, with President Akinwumi Adesina at her side, during the laying of the foundation stone of the outer ring road of Dodoma, in February
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: Tanzanian President Samia Suluhu Hassan wins the 2022 Babacar Ndiaye Trophy for transport success

The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent

Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent. The selection committee for the award commended Hassan for…

Source: African Development Bank Group (AfDB) |

CORRECTION: Africa is the place to invest, visiting US congressional delegation acknowledges to African Development Bank chief

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday

United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on…

Source: African Development Bank Group (AfDB) |

African Development Bank Group chief pays homage to the late President John Magufuli

The Bank chief was received in Chato by family members of the late president, led by his brother Goldian Joseph Magufuli

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, ended his three-day official visit to Tanzania with a moving tribute to the late President John Magufuli, who died in office last March. Adesina on Thursday travelled to the north-western town of Chato to pay homage to…

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    • Tanzania to expand markets and economic growth, as it launches works on major Dodoma road
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Source: African Development Bank Group (AfDB) |

Tanzania to expand markets and economic growth, as it launches works on major Dodoma road

The road project forms part of a masterplan to transform greater Dodoma into a thriving, sustainable city for its 2.4 million people

The head of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, on Wednesday joined Tanzanian President Samia Suluhu Hassan to formally launch the construction of the landmark Dodoma City Outer Ring Road project. Hundreds of local residents gathered to witness the occasion in the country’s capital, Dodoma. They…

Source: African Development Bank Group (AfDB) |

African Development Bank president begins three-day official visit to Tanzania

The visit signals strong ongoing support by the pan-African lender for transformative infrastructure in the country

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina began a three-day official visit to Tanzania on Monday. The visit signals strong ongoing support by the pan-African lender for transformative infrastructure in the country. The Bank Group chief will meet with President Samia Suluhu Hassan and senior members of…