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African Development Bank

Nigeria Secures $200 Million Deal to Power Rural Areas with Renewable Energy

March 11, 2025 Geraldine Boechat 0

Nigeria has signed on March 10 a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids […]

African Development Bank’s New Refinancing Facility Set to Support Struggling Nations

January 30, 2025 Steven Addamah 0

The African Development Bank (AfDB) is poised to launch a regional refinancing facility aimed at assisting African nations burdened with maturing international bonds, according to […]

Tanzania achieves 128% food security, allowing it to ‘feed’ other African states

November 7, 2024 Steven Addamah 0

Tanzania is emerging as a leader in food security in Africa, after it has achieved 128% food self-sufficiency, allowing it to export surplus produce to […]

The African Development Bank celebrates 60 years of commitment to development and resilience in Africa

September 11, 2024 Geraldine Boechat 0

On Tuesday in Abidjan, the African Development Bank (AfDB) Group marked its 60th anniversary, celebrating six decades of dedication to Africa’s development, prosperity, and resilience. […]

Cape Verde Bank foresees growth path in the country

September 11, 2024 Geraldine Boechat 0

Forecasts from the Bank of Cape Verde align with those of other international financial and development institutions, indicating positive economic growth driven by tourism and […]

AfDB Rallies African Leaders on Global Finance Reform

May 31, 2024 Steven Addamah 0

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

May 20, 2024 Steven Addamah 0

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 […]

With 33 million dollars, AfBD finances high-voltage connection in Mozambique

December 6, 2023 Geraldine Boechat 0

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 […]

Cape Verde will organize Youth Investment Summit in 2024

December 5, 2023 Geraldine Boechat 0

Cape Verde will organize an investment summit next year, focusing on young people, in partnership with Portugal, Luxembourg, the World Bank, the African Development Bank, […]

Angola plans to invest 16.3 billion euros to electrify half the country by 2027

October 27, 2023 Geraldine Boechat 0

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 […]

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News

  • Nigeria considers crude supply reforms to support Dangote, other refiners

    August 13, 2026 0
  • Guinea set to secure $425m IMF financing package

    August 13, 2026 0
  • Ethiopia targets $13.4bn in export earnings for 2026/27

    August 13, 2026 0
  • WHO warns DRC Ebola outbreak could surpass West Africa epidemic

    August 13, 2026 0
  • RSF launches coordinated drone attacks on major Sudanese cities

    August 13, 2026 0

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  • Nigeria considers crude supply reforms to support Dangote, other refiners
  • Guinea set to secure $425m IMF financing package
  • Ethiopia targets $13.4bn in export earnings for 2026/27
  • WHO warns DRC Ebola outbreak could surpass West Africa epidemic
  • Namibia keeps benchmark interest rate at 6.75% amid economic pressures
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