African Development Bank Group (AfDB) / Press Release

Source: African Development Bank Group (AfDB) | Oct 30, 2024

Zambia: African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant

Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia's Sesheke District

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved an $8 million concessional loan to support the construction of a 25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed…

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- The African Development Fund and the European Union will allow almost half a million people to benefit from improved, climate-resilient, sustainable water supply services
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Source: African Development Bank Group (AfDB) | Aug 06, 2024

Zambia: More than 460,000 people will soon have access to improved water and sanitation due to a loan of $13.2 million from the African Development Fund

The project is being supported by the European Union, the Bank Group’s strategic partner, with a grant of $6.05 million through their Nexus Energy and Water Programme for Zambia

The Board of Directors of the African Development Fund granted a loan of $13.2 million to Zambia in Abidjan on 17 July 2024 to implement innovative measures and improve access to drinking water, sanitation and hygiene for 460,000 people in Kabwe and Bauleni. The project also aims to strengthen the…

Source: African Development Bank Group (AfDB) | May 29, 2024

REISSUE: 2024 Annual Meetings: African Development Bank President Outlines Gains of Historic 2023 Dakar 2 Summit

Bank will invest $2.9 billion to support the Country Food and Agriculture Delivery Compacts; appoints Special Envoys to fast-track implementation

Since the Dakar 2 Summit (https://apo-opa.co/4bBfGm1), six African countries have set up Presidential-level Councils to drive implementation of the Country Food and Agriculture Delivery Compacts agreed at the summit, while another twelve countries are at various stages of establishing their councils. Presidential Councils have taken off in Tanzania, Democratic Republic of…

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- African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) | Apr 09, 2024

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

Source: African Development Bank Group (AfDB) | Dec 08, 2023

Conference of the Parties (COP28): African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) grants $1.8 million to boost entrepreneurship skills for thousands of women in partnership with Export Trading Group

The project aims to impact up to 3,600 women and women-led or owned businesses by placing them in Export Trading Group’s global supply chain over four years

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) and Export Trading Group have signed a technical assistance agreement of $1.8 million to strengthen women’s skills in entrepreneurship in four countries. Leadership from both organizations took part in a signing ceremony held Tuesday December 5th…

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- The African Development Bank will contribute through the implementation of this project to improve access to electricity for people in Central and Northern Mozambique
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Source: African Development Bank Group (AfDB) | Dec 05, 2023

Mozambique: African Development Bank grants $33 million to improve the electrical grid near borders with Malawi, Zambia and Zimbabwe

The grant is from the Transition Support Facility, a financial instrument of the Bank specifically for states undergoing transition

Meeting in Abidjan on 5 December 2023, the Board of Directors of the African Development Bank Group (www.AfDB.org/en) approved a grant of $33.25 million to Mozambique to implement the Songo-Matambo electricity transport line project. The grant is from the Transition Support Facility, a financial instrument of the Bank specifically for…

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- Smallholder livestock farmers in Zambia are now better equipped to adapt to climate change
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Source: African Development Bank Group (AfDB) | Nov 17, 2023

African Development Bank supports small livestock farmers in Zambia to adapt to climate change

With 96.7% of households adopting new production practices for milk, the nutritional benefits for adults and children have also improved

The Climate Resilient Livestock Management Project, implemented by the African Development Bank (www.AfDB.org) in Zambia between 2017 and 2022, has helped to equip small livestock farmers to adapt to climate change. In particular, the percentage of targeted households with enough water for their animals to drink all year round has…

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- Zambian Vice President Mutale-Nalumango (l)and Amb. Minata Samate Cessouma (r), African Union Commissioner for Health, Humanitarian Affairs and Social Development, during the opening ceremony of the African Day for Food and Nutrition Security
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Source: African Development Bank Group (AfDB) | Nov 07, 2023

Africa Day for Food and Nutrition Security: Zambian Vice President underscores role of grey matter infrastructure development

Zambian Vice-President Mutale Nalumango called for urgent action to address hunger and malnutrition in Africa to help advance the continent’s socio-economic transformation

African Leaders for Nutrition (ALN), a platform for high-level political engagement to advance nutrition in Africa, has joined two crucial forums for advancing policy dialogue on agriculture and nutrition in Africa. ALN representatives attended the commemoration the 14th Africa Day for Food and Nutrition Security (ADFNS) and 19th Comprehensive Africa Agriculture Development Programme…

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- African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme
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Source: African Development Bank Group (AfDB) | Oct 27, 2023

African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme

The MoU, signed Thursday 27 October, outlines the partners' intentions to collaborate across multiple sectors to realise the full economic potential of the corridor

The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host…

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- African Development Bank President meets with Zambia’s Minister for Science and Technology and acting Finance Minister Felix Mutati
- African Development Bank President Meets with Zambian CEOs (1)
- African Development Bank President Meets with Zambian CEOs (2)
- African Development Bank President Meets with Zambian CEOs (3)
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Source: African Development Bank Group (AfDB) | Jul 20, 2023

African Development Bank Group rallies behind Zambia and plans up to $150 million in budget support as country succeeds with debt restructuring

Adesina congratulated the government of Zambia for reaching an agreement with its bilateral creditors under the G20 Common Framework on debt treatment

African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has completed a two-day official visit to Zambia where he met with President Hakainde Hichilema to discuss further support for the country as it emerges from a successful $6.3 billion debt restructuring for bilateral debtors, concluded with bilateral debtors under the G20 Common…