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

African Development Bank and Niger sign financing agreement to support Kandadji project

The implementation of the "Kandadji" project will take six years (2019-2025) and involves the completion of a multi-purpose dam that will create a real development hub

The Republic of Niger and the African Development Bank (www.AfDB.org) on Tuesday signed a $128.8 million financing agreement to support the "Kandadji" project for the regeneration of ecosystems and the development of the Niger Valley (PA-KRESMIN). Nigerien Minister of Planning Aïchatou Kane Boulama, who signed on behalf of Niger’s Government,…

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

Country Results Brief 2007-2018: The African Development Bank: a decade of key partnership with Guinea

Access to energy and development of agricultural and industrial value chains represent the two pillars of the Bank’s new strategy in Guinea

The African Development Bank (www.AfDB.org) on Wednesday released its most recent Country Report Brief for Guinea (http://bit.ly/2Wa3LVk). The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.…

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

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…

Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

This intervention will promote local currency infrastructure financing, and further development of the domestic capital market

The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing…

Source: African Development Bank Group (AfDB) |

AfricaSan5: African Development Bank calls for scale up in implementation of sanitation targets, honours Piers Cross

The conference was co-convened by the African Ministers Council on Water (AMCOW)

The African Development Bank (www.AfDB.org) has called on development partners to scale up support for implementation of sanitation programs to fast track Africa’s progress and deliver on its promise to the continent. “Achieving the Ngor Commitments and the ambitious targets for sanitation and hygiene within the Global Development Agenda can…

Source: African Development Bank Group (AfDB) |

South Korea ready to partner with Africa on technology

"A win-win proposition" - Akinwumi A. Adesina, President of the African Development Bank

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water

The new financing is to scale up the country’s largest water and sanitation sector investment program

The African Development Bank’s (www.AfDB.org) Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services.   The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate…

Source: African Development Bank Group (AfDB) |

Africa agribusiness, a US$1 trillion business by 2030

Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said

As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum (www.AfricaInvestmentForum.com) to make deals on investment opportunities, leaders of the continent’s  top agribusiness companies shared their thoughts on the future of the industry. With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by…

Source: African Development Bank Group (AfDB) |

African Development Bank, World Food Programme join hands to help South Sudan fight hunger and malnutrition

The project is designed to enable the Government meet the country’s growing food and nutrition needs, while building community resilience

The Government of the Republic of South Sudan today welcomed a contribution of US$ 43.57 million from the African Development Bank (www.AfDB.org) for the implementation of the country’s Short-Term Regional Emergency Response Project (STRERP). The project is designed to enable the Government meet the country’s growing food and nutrition needs,…

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

African Development Bank seeks partnerships to lift 1 billion people out of hunger globally

“We must not get carried away: we are not winning the war against global hunger”

The African Development Bank (www.AfDB.org) called on global partners to join hands to lift one billion people worldwide out of hunger and said it was leading the way by investing US$24 billion in African agriculture over the next 10 years in the largest such effort ever. “We are not winning…