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 […]
African Development Bank
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 […]
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 […]
Cape Verde will organize Youth Investment Summit in 2024
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
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 […]
African Development Bank to triple financial aid to Sao Tome and Principe
The African Development Bank plans to increase financial aid to São Tomé and Príncipe to more than 55 million euros over the next three years […]
Mozambique: Dividends distributed by Hidroelétrica de Cahora Bassa increase 11.6%
The dividends distributed to shareholders by Hidroeléctrica de Cahora Bassa (HCB) increased 11.6% over the last year, according to figures announced Thursday by the Mozambican […]
Guinea-Bissau and Cape Verde reaffirm will to strengthen cooperation in agriculture
The Prime ministers of Guinea-Bissau and Cape Verde reaffirmed Thursday the will to strengthen bilateral cooperation in several areas, with emphasis on agriculture, where Bissau […]
Mozambican government requests international funding for the country’s private sector
Mozambique’s Economy and Finance Minister, Max Tonela, on Monday in Washington called for support from the African Export and Import Bank (Afrixembank) for the country’s […]
Portugal supports the Lusophone Pact with 400 million euros
The African Development Bank and the Portuguese government have signed a €400 million guarantee agreement under the Lusophone Compact. The compact provides strong support for […]