We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank supports BIASHARA Africa 2024 Business Forum
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank supports BIASHARA Africa 2024 Business Forum

The meeting, organized by the African Continental Free Trade Area (AfCFTA), brought together industry leaders, policymakers and government representatives to promote African trade and foster economic growth on the continent

The African Development Bank (www.AfDB.org) has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held from 9-11 October 2024 in Kigali, Rwanda.  The meeting, organized by the African Continental Free Trade Area (AfCFTA) (https://apo-opa.co/4h90Ciq), brought together industry leaders, policymakers and government representatives to promote African…

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

South Africa: African Development Bank and Absa unveil multi-billion rand financial package to expand sustainable capital markets, boost economic growth for women and youth

Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners

The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs,…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa
  • All (1)
Source: African Development Bank Group (AfDB) |

The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa

The aim of the cooperation is to strengthen countries’ diversification of production and competitiveness, raise additional tax revenues and create new job opportunities

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA). “The African Development Bank, which is rated AAA by the largest  rating agencies, is joining forces with the Bank of Africa Morocco to…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank approves $40 million Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia. The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements. It…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank Group supports the Union of the Comoros in extending and modernizing Moroni and Boingoma ports to boost trade and economic development
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Fund grants the Union of the Comoros $135 million to develop its ports and facilitate regional trade

The project will improve the Union of the Comoros' national and international connectivity by upgrading port infrastructure, promoting regional integration and creating an ecosystem conducive to the development of value chains

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $135 million package to the Union of the Comoros – its largest ever to the Indian Ocean archipelago – to finance a major maritime and regional trade project. The support for the Maritime Corridor and Regional…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (4)
    • Papo Delphine a cocoa farmer in her plantation in Watte village San Pedro Cote d'Ivoire
    • A training on cocoa fertilization with farmers in Watte village San Pedro Cote dIvoire
    • Papo Delphine a cocoa farmer completes tree pruning prior to fertilization prior to fertilization
    • Bardo Etienne a cocoa farmer in his plantation
  • All (4)
Source: African Development Bank Group (AfDB) |

Cultivating Hope: Ivorian Cocoa Farmers' Path to Empowerment

The learners closely follow the instructors as they demonstrate the appropriate fertilizer doses and application techniques for cocoa trees

On a misty morning in rural Cote d’Ivoire, Delphine Papo deviates from her usual routine. Instead of trekking 4 kilometers through the fog to her cocoa plantation, she’s headed to a special class. The Watté United Brothers Cooperative (SCUW) is hosting a demonstration of cocoa tree fertilization, and Delphine is…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Completion of the Trans-Gambia Bridge will facilitate efficient movement of goods and people
  • All (1)
Source: African Development Bank Group (AfDB) |

Bridging Progress: African Development Bank powers The Gambia’s leap into the future

The Trans-Gambia Bridge and its ancillary road network link major routes and destinations, promoting the efficient movement of goods and people, supporting trade, raising incomes and improving livelihoods throughout West Africa

The African Development Bank’s (www.AfDB.org) investments in The Gambia’s energy sector have significantly improved access to affordable and reliable electricity, with at least 70% of Gambians projected to have power by the end of 2024 (50% in rural areas), according to a recent Bank country progress report. Notable projects include…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (7)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (1)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (2)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (3)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (4)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (5)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (6)
    • African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings (7)
  • All (7)
Source: African Development Bank Group (AfDB) |

African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings

The Annual Meetings bring together the Bank Group’s governors representing 54 African countries and 27 non-African shareholders

Host country, Kenya contributes $20 million to Bank’s concessional financing window; pledges increased equity contribution; The African Development Bank: a Solutions Bank, at the heart of Africa’s transformation agenda. With $200 billion invested in development projects across the continent since its establishment in 1964, the African Development Bank Group is leading the charge in…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Minister of Industry, Trade and Investment, Dr. Doris Nkiruka Uzoka-Anite,(far right) and Nasarawa State Governor, Abdullahi Sule, welcome Director General, African Development Bank, Nigeria DG Lamin Barrow to the Nasarawa Investment Summit 2024
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank invests $1.44 billion to support infrastructure development in Nigeria

The energy sector alone will require $759 billion, while the transport sector needs $575 billion

The African Development Bank (www.AfDB.org) has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria. The Bank’s Nigeria Country Department, Director General Lamin Barrow disclosed this at the Nasarawa Investment Summit 2024, held from 15 – 16 May in Lafia, the…

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

Zimbabwe: African Development Bank’s $15 million Trade Finance Package for First Capital Bank to support Small and Medium sized Enterprises (SMEs) and local enterprises

The line of credit will provide the much-needed hard currency financing to support FCB to close its trade finance gap and expand its trade finance support for SMEs and local corporates in Zimbabwe, a transition country

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area. The package, comprising a $7.5 million trade…