AfDB grants $260 million loan to strengthen agricultural sector in DRC
The Board of Directors of the African Development Bank Group approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help […]
AfDB
AfDB’s economic outlook: Africa’s resilient economies set for stronger growth in 2024
African economies remain resilient and its growth potential in 2024 is “remarkable,” despite challenges that are testing the global economy, says the latest African Development […]
AfDB Rallies African Leaders on Global Finance Reform
At the African Development Bank’s 2024 Annual Meetings in Nairobi, Kenya, the institution showcased its role as a “Solutions Bank” driving Africa’s transformation agenda through […]
AfDB Chief Urges Revamping African Media to Reshape Continent’s Global Story
The President of the African Development Bank Group, Dr. Akinwumi Adesina, passionately called for more balanced media coverage of Africa’s development, stating it is critical […]
Africa dominates list of world’s 20 Fastly growing economies
Eleven African countries will dominate the list of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said. Overall, real gross domestic […]
With 33 million dollars, AfBD finances high-voltage connection in Mozambique
The African Development Bank will finance the construction of a 118-kilometer high-voltage electricity transmission line with 33.25 million dollars through a grant, reinforcing the supply […]
Angola plans to invest 16.3 billion euros to electrify half the country by 2027
Angola plans to reach an installed capacity of 8,000 megawatts and an electrification rate of 50% by 2027, which will require an investment of 17.2 […]
AfDB approves 20 million dollars for business environment and smart agriculture in Mozambique
The African Development Fund, an entity of the African Development Bank (AfDB), has approved funding of 20 million dollars to improve the business environment and […]
AfDB announces $1 Billion to Boost Access to Climate Finance
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will […]
AfDB provides €10 million to Cape Verde to support school canteens programme
The African Development Bank (AfDB) has approved €10 million aid to Cape Verde to support the country’s school canteen program and food security, the Cape […]