The African Development Bank (AfDB)

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has praised President Biden’s bold announcement doubling the US government’s contribution to climate finance to $11.4 billion a year by 2024. Dr.…

The President of the African Development Bank (AfDB), Dr. Akinwumi A. Adesina, has called for an end to hunger, while emphatically asserting that “the world has the resources to end hunger.” Dr. Akinwumi A. Adesina made this…

The African Development Bank (AfDB) says it has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP).…

Around 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the highest number of participants since its launch. …

The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s…

The African Development Bank (AfDB), the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the…

The African Development Bank (AfDB) has announced that it will spend the sum of $2 billion in the next 3 years to support infrastructural development, which will boost the African Continental Free Trade Area (AfCFTA). This was…

The African Development Bank (AfDB) has posited that entrepreneurship is critical to Africa’s transformation. It said this in its June 2021 African Development Bank White Paper titled “Entrepreneurship and Free Trade: Africa’s…

The African Develooment Bank (AfDB) and the Government of Uganda have signed two financing agreements totaling around $348 million for the improvement of road transport in Uganda. The first is a $276 million financing agreement…

The African Development Bank (AfDB)  has predicted an increase in Egypt's rail passenger and freight traffic to 15% and 10% respectively by 2029, following a loan of One Hundred and Forty-five Million Euro (€145,000,000). The…