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 […]
AfDB
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 […]
AfDB, Dutch ILX sign partnership to mobilize European institutional capital for sustainable projects across Africa
The African Development Bank and ILX Management B.V. (ILX) signed Sunday a partnership agreement to scale up investments and spur institutional investor capital mobilization for […]
Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders
Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome, ahead of the African Food Summit (Dakar 2), to be hosted […]
AfDB’s Development Fund mobilizes record $8.9bn for Africa’s low-income countries
The African Development Fund (ADF) has raised $8.9bn, its highest replenishment in its 50-year history, from international donors to lend and grant funds to low-income […]
Morocco/AfDB: 16th ADF Replenishment Meeting Kicks Off in Tangier
The fourth and final meeting of the sixteenth replenishment of the African Development Fund (ADF-16), the concessional funding window of the African Development Bank (AfDB) […]