African Development Bank

THE African Development Bank Group (www.AfDB.org) and the Consortium of International Agricultural Research Centres (CGIAR) committed on Thursday to strengthen their collaboration to increase food production and provide better nutrition for Africa’s growing population. With 65% of global uncultivated arable land, the African Development Bank believes that the continent can feed itself and the rest … Read more

Mauritania’s Minister of Economy and Sustainable Development, Abdessalam Mohamed Saleh, and the African Development Bank’s (www.AfDB.com) Deputy Managing Director for North Africa, Malinne Blomberg, signed, on Thursday in Nouakchott, financing agreements for two energy sector projects in Mauritania worth a total of US$289.5 million, covering solar power generation, transnational electricity interconnection and rural electrification. The … Read more

SECRETARY of State Blinken and Bank President Adesina Highlight Africa’s Efforts to Feed Itself and Rest of World; Welcome Increased Support and Investment in African Initiatives. United States Secretary of State Antony Blinken has praised the African Development Bank Group for the exceptional efforts it is undertaking to help Africa feed itself and the rest … Read more

THE African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a USD 2 billion 3-year Social Global Benchmark due 25 February 2027, its first social bond issued under its new Sustainable Bond Framework, established in September 2023. The Sustainable Bond Program seamlessly consolidates and enhances the African Development Bank’s … Read more

FOLLOWING a serious diplomatic incident in which two international staff of the African Development Bank Group (www.AfDB.org) based in the Bank’s Country Office in Ethiopia were severely assaulted by security agents of the Government of Ethiopia, the African Development Bank lodged a formal complaint with the Government of Ethiopia over the incident. While a high-level … Read more

The African Development Bank (www.AfDB.org) and the United Kingdom have announced the selection of the Inclusive and Sustainable Development of the Cereal Sector Project in Tunisia, as a standard-setting project under the Room to Run Sovereign transaction (R2RS) (https://apo-opa.co/3U3D0CP). Approved in July 2023, this cereal sector project in Tunisia will strengthen the resilience of the cereals sector … Read more

THE Board of Directors of the African Development Bank (AfDB) (www.AfDB.org) agreed on Wednesday that the Bank should take a stake of USD 10.50 million in the capital of Seedstars Africa Ventures S.L.P. venture capital fund to enable it to invest in innovative African businesses with strong growth potential. The Bank agreed to invest USD … Read more

BURUNDIAN farmers told visiting government officials and African Development representatives that they are delighted with the year’s great yields thanks to the hybrid, climate-resilient seeds and multi -strand support that has been provided by the Bank. Several cooperative members expressed their satisfaction. Marie-Thérèse Nahabaganwa, chair of the Tsindinzara (Combating Hunger in Kirundi) cooperative that works … Read more