African Development Bank

Africa: Bill & Melinda Gates Foundation Commits $6 million To The African Water Facility For Africa Urban Sanitation Investment Initiative

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THE Bill & Melinda Gates Foundation has committed $6 million to the African Water Facility, to support the operationalization of the Africa Urban Sanitation Investment Initiative (AUSII) – a new financing window dedicated to improving sanitation in African urban cities. The African Water Facility, a special project preparation fund established as an initiative of the … Read more

Mali: Partners And key Players Commit To Developing Renewables Sector At Opening Of 3rd Renewable Energies Week

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ON Thursday 29 February 2024, the Malian Minister of Young People and Sports, Civic Education and Citizenship, Abdoul Kassim Fomba presided – in the name of the Prime Minister of Mali, Choquel Kokalla Maïga – the opening of the 3rd Renewable Energies Week. He renewed the commitment made by the authorities and key sector players … Read more

Democratic Republic Of Congo: African Development Bank To Lend $117 million To Support Agricultural Transformation

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MEETING in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA). The financial support comes from the African Development … Read more

African Development Bank Group, Lake Chad Basin Commission Sign Memorandum of Understanding (MoU) to Restore Lake Chad Basin

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THE African Development Bank Group (www.AfDB.org) and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in Ethiopia, will mobilise financial and technical resources to improve the development and management of water … Read more

Business: African Development Bank And OCP Group Provide $188 million For Green investment In Morocco

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THE African Development Bank (www.AfDB.org) and the OCP Group signed three loan agreements in Rabat totalling $188 million to help fund the OCP Group’s Green Investment Program supplying clean drinking water to the towns around three new desalinisation plants. The construction of the new modular seawater desalination plants will be funded by the first loan … Read more

African Development Bank And OCP Group Provide $188 million For Green Investment In Morocco

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THE African Development Bank (www.AfDB.org) and the OCP Group signed three loan agreements in Rabat totalling $188 million to help fund the OCP Group’s Green Investment Program supplying clean drinking water to the towns around three new desalinisation plants. The construction of the new modular seawater desalination plants will be funded by the first loan … Read more

The African Development Bank Approves Up to $10 million Stake In The Alliance For Green Infrastructure In Africa Project Development fund

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THE Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD) fund in Abidjan on 24 January 2024. Part of the Alliance for Green Infrastructure in Africa (AGIA), a $10 … Read more

African Development Bank To Scale Up Financing To South Sudan In 2024 – Vice President Marie-Laure Akin-Olugbade

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THE African Development Bank’s Vice President for Regional Development (www.AfDB.org), Integration and Business Delivery, Marie-Laure Akin-Olugbade has concluded a three-day visit to South Sudan. Akin-Olugbade met with high-level government officials including First Vice President, Riek Machar, and the ministers of Finance and National Planning, Interior, Humanitarian Affairs and Disaster Management, and Youth and Sports, as … Read more

Africa: Burkina Faso Government, African Development Bank Launch Project To Bolster Food Security

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THE government of Burkina Faso has officially launched an African Development Bank (www.AfDB.org) supported project to bolster food security in the country against the impacts of Russia’s invasion of Ukraine. The Emergency Project for Increasing Agricultural Production in Burkina Faso (PURPA-BF) was launched on 6 February 2024 at the national Ministry for Agriculture, Animal Resources and … Read more

African Development Bank, United Nations High Commissioner For Refugees (UNHCR) Explore Pathways To Support Forcibly Displaced People In South Sudan

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DURING a joint visit to South Sudan, the African Development Bank (www.AfDB.org) and UNHCR, the UN Refugee Agency, committed to deepening their collaboration for displaced people and host communities in the country. Since the start of the war in Sudan 300 days ago, more than half a million people have arrived in South Sudan, most … Read more