Africa’s two biggest economies likely emerged from recession in the second quarter but strong growth won’t show up until business confidence is restored, a Reuters poll suggested on Friday.
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level.
Both parties have...
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by...
The International Fund for Agricultural Development (IFAD) has sought the African Development Bank’s (AfDB’s) financial support to implement the Northern Rural Growth Programme (NRGP)...
President of the African Development Bank Dr Akinwumi Adesina has been awarded with the World Food Prize for helping Africa get it right in agriculture and making it a key player of securing food for the world. The World Food Prize board chose Adesina this year for the $250,000 prize, highlighting his role in improving the availability of seed, fertilizer and financing for African farmers, and for laying the foundations for the youth in Africa to engage in agriculture as a profitable business."
Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the Bank’s interventions in the past year.
Among other things, AfDB plans scale up its focus on regional integration in 2017 as an important part of its development work with the planned launch of a Regional Integration Strategy.
These were some of the details pulled from the Annual Development Effectiveness Review 2017 (ADER) released by the AfDB .
The African Development Bank, in partnership with SERUKA – a national women’s organization focusing on women’s economic empowerment in Rwanda –has launched the Rwanda Honey Value Chain Project, which aims to enhance honey production in the country.
The African Development Bank has approved a grant of approximately US $343,000 (280 million Rwandan Francs) to implement the project. The project will work directly with grassroots businesses. The implementing agency, SERUKA, is a reputable non-governmental organization with a sound track record in supporting grassroots economic empowerment initiatives in Rwanda.
The African Development Bank (AfDB) and the Government of Japan (GOJ) have signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa.
The loan, worth JPY 34.41 billion (equivalent to approximately USD 300 million) is intended to support private sector operations in Africa through the AfDB’s non-sovereign window.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa SEFA has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide.
