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…

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

African Development Bank and Canada share commitment to women’s empowerment on the continent

Canada is the fourth largest contributor to the Bank among non-regional members, and the sixth largest donor to the African Development Fund (ADF)

On her first visit to the West African nation of Cote d’Ivoire, Canada’s Minister of International Development, Marie-Claude Bibeau and the President of the African Development Bank Akinwumi Adesina (www.AfDB.org), shared a common vision and commitment to the advancement of women and girls on the continent. Both officials met at…

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

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

This partnership reinforces the work of the Africa NDC Hub hosted by the African Development Bank, in accelerating climate action to transition Africa towards a low carbon and climate resilient development pathway

The African Development Bank  (www.AfDB.org) and the Global Green Growth Institute (GGGI) (www.GGGI.org) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, (https://am.AfDB.org/en) to promote programs, projects, joint studies and research activities to accelerate green growth options for African…

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

African Development Bank at the centre of “a great Africa moment”: North African Governors

“Africa is the continent of the future.” – Tunisian Finance Minister Zied Ladhari

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina (www.AfDB.org), said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers…