African Development Bank Group

28 May 2022

War in Ukraine dampen Africa’s growth prospects

War in Ukraine dampen Africa’s growth prospects Africa’s gross domestic product has recovered strongly in the last year, but the lingering effects of the Covid-19 pandemic, Russia’s invasion of Ukraine […]
19 May 2022

Ghana president calls for more resources to develop Africa

Ghana president calls for more resources to develop Africa Ghana’s president Nana Akufo-Addo has backed calls for more resources for the African Development Bank Group to accelerate its transformative role […]
2 Apr 2022

Zimbabwe’s local firms to benefit most from AfDB loan facility

Zimbabwe’s local firms to benefit most from AfDB loan facility The Board of Directors of the African Development Bank Group (AfDB) has approved a USD7.5-million trade finance guarantee facility for […]
18 Mar 2022

Big boost for agriculture and infrastructure in Niger

Big boost for agriculture and infrastructure in Niger The African Development Bank Group has approved funding of more than USD127.8-million to Niger. The funds approved by the Board of Directors […]
6 Jan 2022

AfDB aims to improve agricultural productivity in Mozambique

AfDB aims to improve agricultural productivity in Mozambique The African Development Bank Group (AfDB) has approved a USD47.09-million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a […]
5 Dec 2021

Funding boost for Horn of Africa road project

Funding boost for Horn of Africa road project The Board of Directors of the African Development Bank Group has approved USD217-million in loans to fund a project that will improve […]
3 Sep 2021

Nigeria supports an initiative to create SAPZs

03 September 2021 –  Indications are that Nigeria supports  an initiative to create SAPZs. Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special Agro-industrial […]
13 Jul 2021

AfDB grant launches Desert to Power West Africa Regional Energy Program

13 July 2021 – The Board of Directors of the African Development Bank Group (AfDB) has approved a USD6-million grant to launch the initial phase of the Desert to Power […]
10 Jul 2021

AGF signs MoU with TADB to boost agribusiness in Tanzania

10 July 2021 – The African Guarantee Fund for Small and Medium-sized Enterprises (AGF) this week signed a Memorandum of Understanding (MoU) with the Tanzania Agricultural Development Bank (TADB) that […]
23 May 2021

African Development Bank Board approves water policy.

23 May 2021 – The Board of Directors of the African Development Bank Group (AfDB) has approved a new policy on water, prioritising water security and the transformation of water […]
19 May 2021

African Development Bank, EBRD partner to unlock sustainable investment opportunities in Africa.

19 May 2021 – The African Development Bank Group and the European Bank for Reconstruction and Development (EBRD) on Monday signed a memorandum of understanding to promote sustainable private sector […]