The Alliance for Green Infrastructure in Africa’s Project Development Fund (AGIA-PD) has successfully closed its first funding round with $118 million (€101 million), marking a key milestone in financing climate-resilient …
AFRICAN DEVELOPMENT BANK
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AfricaClimate ResilienceEnergyGreen InfrastructureINVESTMENT
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AgricultureBusinessClimate ChangeEmploymentEnvironmentInternational Development
African Development Bank, Invest in Africa Partner on $850,000 Project to Create Green Jobs in Senegal and Ghana
The African Development Bank (AfDB) has teamed up with non-profit organisation Invest in Africa (IIA) to boost job opportunities in Ghana and Senegal through a new $850,000 grant agreement. The …
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AgricultureDevelopmentEastern AfricaEconomyInfrastructureINVESTMENT
Rwanda, AfDB Join Hands for Gabiro Agribusiness Hub Phase 2 Expansion
Rwanda’s agricultural sector has received a major boost as the Government of Rwanda and the African Development Bank Group (AfDB) move forward with plans for the second phase of the …
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AFRICA NEWSAviationEconomyInfrastructureINVESTMENTTransportation
Ethiopian Airlines, AfDB to Raise $8bn for Africa’s Largest Airport
Ethiopian Airlines Group has taken a major step toward building what could become Africa’s largest airport by appointing the African Development Bank (AfDB) as the mandated lead arranger to secure …
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BankingDevelopmentFinance & ServicesInternational RelationsLeadershipNigeria
Adesina Promises to Keep Supporting Africa’s Growth After AfDB Tenure Ends
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said he will continue to push for more capital investments into Africa even after stepping down from his …
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AgricultureEconomyEnvironmentGOVERNMENTHumanitarianInsurance
Malawi Gets $3.3m Drought Insurance Payout to Support Hunger Crisis
The Government of Malawi has received a $3.3 million (about K6 billion) insurance payout from the African Risk Capacity (ARC) to help cushion the impact of the ongoing drought crisis …
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DevelopmentEnergyFinance & ServicesInfrastructureSouthern Africa
AfDB Grants $139m Loan to Johannesburg for Infrastructure Upgrade in Landmark
The African Development Bank Group (AfDB) has approved a corporate loan of ZAR 2.5 billion (approximately $139 million) to the City of Johannesburg Metropolitan Municipality, making it the first time …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyEnergyInfrastructureSouth AfricaTransportation & Logisitics
SA Secures $474.6 Million Loan from African Development Bank
South Africa has secured a fresh $474.6 million loan from the African Development Bank (AfDB) to support the country’s ongoing efforts to improve its struggling transport and energy infrastructure. The …
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BusinessEastern AfricaEconomyFinance & ServicesGOVERNMENTNewsPoliciesTechnology
East African Nations Urged to Embrace Digital VAT Reforms
Tax experts and policy makers have called on East African countries to fully embrace digital systems in the collection of Value Added Tax (VAT) to improve compliance, close revenue gaps, …
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AfricaAFRICA NEWSDevelopmentEducationInfrastructureLeadershipTANZANIA
Tanzania Honours AfDB President Akinwumi Adesina for Transformational Impact
The Government of Tanzania honoured Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), recognising him as “a visionary leader and a tireless son of Africa” who has dedicated …