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Multilateral banks to deepen collaboration with private sector

Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to...

Ghana central bank will not finance budget deficit

Ghana's central bank will not finance the government's budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal...

AfDB authorizes probe into Sendou Coal Fired power plant

The Board of Directors of the African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review of the Bank-financed construction of a 125 MW Coal Sendou Power Plant Project in the village of Bargny Minam in Senegal. By approving the project, the Board has also authorized that Independent Review Mechanism experts carry out further investigations to clarify issues raised in the complaints by two groups of complainants on behalf of adversely affected members of the communities in Bargny, Senega

AFDB announces a $12bn power plan for Africa

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will...

Ghanaian appointed Senior Vice President of AfDB

A Ghanaian, Charles Owusu Boamah has been appointed the Senior Vice President of the African Development Bank (AfDB). Mr. Boamah has worked with the Bank...

AfDB Vice President Kacou concludes three-day visit to Sudan

The Vice President of the African Development Bank (AfDB) responsible for Corporate Services and Human Resources, Alberic Kacou, concluded a three-day official visit to...

AfDB approves USD 29.8 Million loan to boost Tanzania’s natural gas sector

The African Development Bank (AfDB) has approved a USD 29.8 Million loan to Tanzania to help the country mobilize domestic resources and unlock the...

AfDB officials visit The Gambia for dialogue and portfolio review

An African Development Bank mission, in collaboration with the World Bank Group has visited Banjul, Gambian to engage with the new authorities and discuss...

AFDB and AFI sign MoU to enhance access to financial services in Africa

Officials of the AFDB and AFI signing the MoU. Photo Credit: Fred Dzakpata.   Two Financial Institutions on the African continent have signed a memorandum of...

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