African Development Bank

Africa Renewable Energy Fund II secures €125 million first close with SEFA and CTF investments

Other investors include the U.K’s CDC Group, Italy’s CDP, the Netherlands Development Finance Company (FMO) and SwedFundABIDJAN, Ivory Coast, --…

4 years ago

Africa is the world’s next business frontier, says AfDB’s Akinwumi Adesina

By Olufowokan Oludotun Oyejola African Development Bank President Akinwumi A. Adesina has said that Africa remained fertile ground for investment,…

5 years ago

President Buhari Says Nigeria will Support Adesina for his Re-election as AFDB President

President Muhammadu Buhari has said that Nigeria will stand solidly behind Dr. Akinwumi Adesina in his bid to get re-elected…

5 years ago

AFDB President visits Bank-funded Morocco-Spain power interconnection project

Nestled on the steep slopes of the northernmost part of Morocco facing Spain, is the Melloussa interconnection station, which provides…

7 years ago

“African Development Bank’s lifeline lifted Nigeria out of recession” – President Buhari

Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions. The African Development Bank provided…

8 years ago

AfDB approves vital LDCF-financed climate change adaptation program in the Horn of Africa

The African Development Bank (AfDB) approved the program “Multinational (Somalia/Sudan) Rural Livelihoods Adaptation to Climate Change in the Horn of…

8 years ago

AFDB allocates US$985,000 to support utility-scale wind farm project in Mozambique

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha…

8 years ago

The African Development Bank plays a key role in Mining Indaba

The African Development Bank is playing a key role in Mining Indaba, the world’s largest mining investment conference, which takes…

9 years ago

AFDB approves Africa Renewable Energy Initiative (AREI)

The Boards of Directors of the African Development Bank (AfDB) have endorsed the proposal by the Bank’s Management to serve…

9 years ago

AfDB to Accelerate Energy Access through an Innovative Pay-As-You-Go Payment Models

On December 9, 2016, The New Deal on Energy Task Force hosted an Innovation Workshop to explore pioneering business models…

9 years ago

AfDB approves USD 100 Million to Seed the Establishment of FEI

The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising…

9 years ago

AfDB approves USD 250 million loan and EUR 5 million grant for rebuilding, recovery and stabilization in North East Nigeria

The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million…

9 years ago

Donors Pledges US $7.06 Billion to Support African Economies

A global coalition of donors pledged to support the structural transformation of African economies and the African Development Bank's High…

9 years ago

African Leaders Demonstrate Commitment to Address Climate Change

African Heads of State and Government marked Africa Day in the Africa Pavilion at the UNFCCC 22nd Conference of Parties…

9 years ago

AFDB President Calls for the Fulfillment of the Pledges made in Paris

African leaders called for speedy action for the implementation of the commitments made at the COP21 in Paris, and urged…

9 years ago

France Provides €6-Million Grant to Support Africa Renewable Energy Initiative

The Government of France and the Africa Development Bank on November 6 signed a €6-million agreement for the implementation of…

9 years ago

AFDB President, Akinwumi Adesina makes First Official Visit to Finland

The President of the African Development Bank Group, Akinwumi Adesina, met with Finnish officials, in Helsinki, in the last leg…

9 years ago

AfDB President Discusses Partnerships and Cooperation in Sweden

The African Development Bank Group President, Akinwumi Adesina, met with Swedish officials, in Stockholm, in the second leg of his…

9 years ago

African Leaders Urged to Shift Policy in the Energy Sector

African governments have been called upon to consider shifting policy in the energy sector by investing in industrialisation and providing…

9 years ago

Japanese Investors and Partners Recognize Huge Potential of African Continent

The challenges facing Africa shouldn’t be recognized with pessimism, but must be seen as investment opportunities, says the Head of…

9 years ago

AfDB Reaffirms Continues Support to Help African Countries Adopt and Mitigate Climate Change

The African Development Bank has reaffirmed its commitment to mobilize resources to help African countries adopt and mitigate climate change.…

9 years ago

African Legal Support Facility Unveils a New Resource Handbook

The African Legal Support Facility (ALSF) unveiled a new resource handbook titled Understanding Power Project Financing , on the sidelines of…

9 years ago

AfDB Pushes Energy and Youth Job Creation Agenda at World Economic Forum 2016

The African Development Bank (AfDB) is participating in the World Economic Forum (WEF) on Africa taking place from May 11-13,…

9 years ago

High Level Delegates Gather in Zambia to Launch the Sustainable Energy for All (SE4All) Country

Government officials, representatives of international organizations, private sector and civil society, gathered from May 4-6, 2016 in Chimbombo, Zambia, for…

9 years ago

Can Africa be the Next Clean Energy Powerhouse?

Can Africa be the next clean energy powerhouse? That was the question posed by the second plenary panel at the…

10 years ago

AfDB Approves Over US $36 Million Support Package for Djibouti

The African Development Bank Group will help Djibouti to diversify its economy, improve governance and create employment for the country’s…

10 years ago

GE, AfDB Held Talks on Partnership Opportunities in the Region

The Global Chairman and CEO of General Electric (GE), Jeff Immelt, and the GE leadership team held a working session…

10 years ago

African Development Bank Provides EUR 9.7 Million to Launch ANCEE

Stefan Nalletamby, African Development Bank Acting Vice-President, Operations, in charge of Infrastructure, Private Sector and Regional Integration, and the representative…

10 years ago

AfDB, GEF Approves $35 Million to Improve Climate Resilience in Africa

The Global Environmental Facility (GEF) approved USD 35 million in funding to improve climate resilience to be channeled through the…

10 years ago

ICF Releases African Investment Climate Report in Abidjan

The Investment Climate Facility (ICF) in partnership with the African Development Bank (AfDB) released its 2014 African Investment Climate Report…

10 years ago