THE African Development Bank (AfDB) is spearheading one of the world’s most ambitious energy projects: the Desert to Power initiative, which aims to bring energy to some of the most underdeveloped regions of the African continent. This transformative effort…
THE African Development Bank has approved a substantial loan of $240 million to Mauritius. This funding is designated for the implementation of the second phase of the Economic Competitiveness and Resilience Support Programme, aimed at bolstering economic diversification, competitiveness, and resilience…
IN a significant move to address a critical health and environmental issue across Africa, the African Development Bank (AfDB) has committed $2bn over ten years to promote clean cooking solutions. This commitment, announced during a landmark summit held in Paris…
THE African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB, in a statement, said the IMF approval…
IN a compelling keynote address at the All Africa’s Media summit in Nairobi, attended by nearly 300 participants from across the continent, Dr. Akinwumi Adesina, President of the African Development Bank, delivered a passionate plea for a more balanced portrayal of Africa’s development…
Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan at the African Development Bank (www.AfDB.org). The meeting, held on April 4, 2024, at the…
THE African Development Bank (AfDB) says it will partner with Bayero University Kano (BUK), on entrepreneurship and climate adaptation towards addressing food security in Northern Nigeria. Dr Beth Dunford, the AfDB Vice President of Agriculture, Human and Social Development, made…
THE African Development Bank (AfDB) has allocated a $999,000 grant from its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) to support the MicroGREEN project, aimed at fostering green job opportunities for marginalised groups in Ghana and Senegal. This…
ENGIE Energy Access (EEA) Head of Funding Marie Testard will discuss unlocking clean energy finance at the Invest in African Energy (IAE) forum, taking place in Paris this May. EEA represents the leading mini-grid and off-grid Pay-As-You-Go solar energy company…
THE head of the African Development Bank (AfDB) is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China…
