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    • Representatives of the African Development Bank and the FEC at the signing of the financing agreement
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Source: African Development Bank Group (AfDB) |

Morocco: The African Development Bank and the Fonds d’équipement communal sign a loan agreement of EUR 100 million to fund sustainable development projects and strengthen the attractiveness of various territories

The aim of the operation is to improve public services, particularly in rural areas, and support the emergence of new economic activities, investment opportunities and employment opportunities

The African Development Bank (https://www.AfDB.org/) signed a loan agreement of EUR 100 million with the Fonds d’équipement communal (FEC) in Rabat, on Friday, March 15, to fund new investment and sustainable infrastructure projects backed by territorial communities. The aim of the operation is to improve public services, particularly in rural…

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    • AfDB Country Manager for Zimbabwe Moono Mupotola and Gerald Gore, NMB Bank CEO at the signing of an agreement for a $15 m trade facility in Harare
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $15 million Transaction Guarantee Facility with NMB Bank Zimbabwe

The facility offers up to 100% coverage to confirming Banks, effectively mitigating non-payment risks linked to NMB Bank's trade transactions on a per-transaction basis

The African Development Bank (https://www.AfDB.org/) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million Trade Finance Transaction Guarantee Facility to unlock trade finance opportunities for Zimbabwean small and medium-sized enterprises and those in agri-business and trade distribution value chains. The signing took place on 7 March at NMB…

Source: African Development Bank Group (AfDB) |

#IWD2024: Impactful investment: African Development Bank support shapes scholarship graduate career in drone-enabled public health

The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa, which is to increase innovation connected to industrialization and development needs

The African Development Bank’s (www.AfDB.org) Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies. The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa,…

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    • To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina (1)
    • To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina (2)
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Source: African Development Bank Group (AfDB) |

To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina

Governments should not transfer their responsibility to citizens; African and global leaders fete Adesina as he receives the Obafemi Awolowo Leadership Prize for his visionary, inspiring, and transformative leadership

President of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina has appealed to leaders in Nigeria and across Africa to make poverty history as he outlined a compelling case for welfarist policies and people-centred development. “Given the high levels of poverty in Africa, and Nigeria, what is needed are welfarist…

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    • Click here for a video of Egyptian Vice Minister of Finance Ahmed Kouchouk's reaction to receiving an award for the Panda Bond issue
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    • AfDB staff joined representatives of the Ivorian government and lending institutions in Cape Town to collect an award for a Bank Group-supported project in Cote D’Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank-Supported Projects in Egypt and Côte d'Ivoire Win Top Honors at 2024 Bonds, Loans & ESG Capital Markets Africa Awards

The conference recognises the most innovative, ground-breaking deals from across Africa based on their high-quality execution, effectiveness in tapping new pools of liquidity, and innovative structuring

Two African Development Bank-supported (www.AfDB.org) projects have been recognized at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/48Ob1Lf) conference. A RMB3.5bn ($478.7 million) Sustainability Panda Bond issue by Egypt was awarded Sovereign, Supra & Agency Bond Deal of the Year and a €533m Sustainable Loan to Côte d'Ivoire…

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    • Adjoa Agbomassi, in front of her fresh produce in Aného
    • A seamstress in Cinkassé is pursuing her business thanks to the loan granted by the National Inclusive Finance Fund (FNFI), supported by the Project to Support the Financial Inclusion of Vulnerable Women
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Source: African Development Bank Group (AfDB) |

Empowering vulnerable women: African Development Bank financing bolsters economic inclusion in Togo

The project aims to empower vulnerable women and enhance their role in economic activities by prioritizing small producers, recognizing their indispensable contributions to agro-pastoral production

Some 45 kilometres from Lomé, in the village of Aného, a transformative initiative is reshaping the lives of vulnerable women like Adjoa Agbomassi. Following her successful treatment from obstetrical fistula, Adjoa now stands proudly by her vegetable stalls, a testament to the success of the Project to Support the Financial…

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    • The African Development Bank provides The Gambia with additional funding to bolster agricultural production and food security
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The Gambia: African Development Bank approves supplemental $16 million to boost agriculture and food security

With the funding providing additional support for inputs, productivity is expected to rise, with rice yields increasing from 2.0 to 2.5 tonnes per hectare (t/ha) and maize harvests reaching 2.0 t/ha from 1.8

The Board of Directors of the African Development Bank Group (www.AfDB.org), granted an additional $16.08 million on March 4, to The Gambia to bolster its ongoing Agriculture and Food Security Project (https://apo-opa.co/3wDCO3w), launched in 2021. GASFP (Global Agriculture and Food Security Project) (https://apo-opa.co/4a0uBFc), a multilateral financing platform dedicated to enhancing the…

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    • The African Development Bank will support the construction of skills development infrastructure in the agricultural sector, build the capacities of agricultural trainers and support the establishment of agricultural cadastres to enable the Democratic Republic of the Congo to develop value chains in its rich agricultural sector
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Democratic Republic of Congo: African Development Bank to lend $117 million to support agricultural transformation

The financial support comes from the African Development Fund, the Bank Group's concessional lending window, and includes $78.6 million from the Transition Support Facility

Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA). The financial support…

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    • The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…

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    • Authorities and key players in renewable energies sector participate in the 3rd Renewable Energies Week
    • Bintou Camara, Malian Minister of Energy and Water, speaks at the opening of Renewable Energies Week
    • Adalbert Nshimyumuremyi, head of the African Development Bank’s country office in Mali, reiterated the Bank’s support for developing renewable energies in Mali
    • Government authorities and partners visit stands showing renewable energies technologies
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Source: African Development Bank Group (AfDB) |

Mali: Partners and key players commit to developing renewables sector at opening of 3rd Renewable Energies Week

Some 50 exhibitors are presenting opportunities available in Mali for renewable energy, so that people can explore the advances in the sector

On Thursday 29 February 2024, the Malian Minister of Young People and Sports, Civic Education and Citizenship, Abdoul Kassim Fomba presided – in the name of the Prime Minister of Mali, Choquel Kokalla Maïga – the opening of the 3rd Renewable Energies Week. He renewed the commitment made by the…