African Development Bank (AfDB)

The African Development Bank (AfDB) has said it is seeking a $200 million fund from Germany and other members of G-7 countries to “urgently” address the food crisis in Africa. According to the bank, the request is to fund its $1.5…

The African Development Bank (AfDB) says the high five programme of the Bank has impacted no fewer than 335 million people and households across African countries. A statement by Dr Akinwumi Adesina, the President of the Bank…

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has sought strong support from the United States for its Emergency Food Production Plan to avert a looming food crisis in Africa. Dr. Adesina made this call…

AfDB To Commit $110m in Kano Special AgriculturThe African Development Bank (AfDB) has disclosed plans to invest the sum of $110 million to boost infrastructure and agricultural productivity in Kano State. The initiative, which is under…

The African Development Bank’s efforts to improve climate adaptation in Africa and support farmers with digital climate advisory services have received assistance from foreign stakeholders. According to the AfDB, one of its initiative,…

The African Development Bank (AfDB) has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering…

The Board of Directors of the African Development Fund has approved a loan of around $116 million for the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country.   The Bank’s loan…

The Special Agro-industrial Processing Zones (SAPZ) project has been endorsed by a coalition of Development Institutions as capable of changing the narrative of African agriculture. The Institutions pledged their commitments to speed up…

The Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s (AfDB) long-term rating at AAA with a stable outlook. The agency commended the African Development Bank for its strong member-country support, as…

The  World Bank and the African Development Bank (AfDB) have provided the the sum of $550 million in funding to support the implementation of the Rural Electrification Agency's off-grid solution projects. Mr Ahmed Abubakar,…