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AfDB to borrow $7 billion for investment in Africa

The African Development Bank has revealed its intention to borrow some $7.21 billion from various capital markets this year. The board of the finance institution...

AfDB to host summit on seed policy in Kenya

Delegates from 21 countries across the African Continent have gathered in Nairobi Kenya for a forum on seed Policy. The two day conference started on...

AfDB approves $18 million for solar project in Kenya

Kenya has secured $18.17 million facility from the African Development Bank for its renewable energy sector. The approval of the facility by the African Development...

AfDB approves $322 million for projects in Burundi and Tanzania

Tanzania and Burundi are to receive some $322 million from the African Development Bank to improve road infrastructure in their respective countries. The projects aim...

AfDB approves $40million for Africa Infrastructure Investment Fund

The Board of Directors of the African Development Bank has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund. Dubbed (Africa...

AfDB wants Africa to transition from aid to development

President of the African Development Bank Akinwumi Adesina says the time has come for Africa to transition from aid to development and from poverty...

AfDB approves €7m investment in Partech Africa Fund

The African Development Bank’s efforts to channel critical investment funding to Africa’s entrepreneurs received a big boost on Thursday in Abidjan. The Bank’s executive directors...

Afdb rallies support for Gambia’s Development Plan

A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018. Following the election of President Adama Barrow in December 2016, the country has a new window of opportunity to lay the foundations for a modern democratic state and key reforms for sustainable growth.

AfDB receives 700 million dollar Japan Support

The Japan International Cooperation Agency has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance loan to the tune US $700.9 million.

AFDB support lifted Nigeria out of recession

The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian Government has said.

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