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African Development Bank

AfDB Funds Project To Create Green Jobs For Marginalised Groups In Ghana And Senegal

THE African Development Bank (AfDB) has allocated a $999,000 grant from its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) to support the MicroGREEN project, aimed at fostering green job opportunities for marginalised groups in Ghana and Senegal. This…

Africa: Engie Energy Access To Discuss Scaling Off-Grid, Mini-Grid Investment At Invest In African Energy (IAE) 2024

ENGIE Energy Access (EEA) Head of Funding Marie Testard will discuss unlocking clean energy finance at the Invest in African Energy (IAE) forum, taking place in Paris this May. EEA represents the leading mini-grid and off-grid Pay-As-You-Go solar energy company…

AfDB Chief Urges End To Resource-backed Loans Amid China’s Growing Influence

THE head of the African Development Bank (AfDB) is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China…

#IWD2024: Impactful Investment: African Development Bank Support Shapes Scholarship Graduate Career In Drone-enabled Public Health

THE African Development Bank’s (www.AfDB.org) Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies. The program aligns with the goal…

AfDB President Urges Africa To Prioritise Welfarist Policies To Combat Poverty

IN a compelling plea for transformative change, Akinwumi Adesina, President of the African Development Bank (AfDB), has called upon leaders in Nigeria and throughout the continent to prioritise welfarist policies to eliminate poverty. Adesina’s impassioned appeal was delivered during the…

Africa: Bill & Melinda Gates Foundation Commits $6 million To The African Water Facility For Africa Urban Sanitation Investment Initiative

THE Bill & Melinda Gates Foundation has committed $6 million to the African Water Facility, to support the operationalization of the Africa Urban Sanitation Investment Initiative (AUSII) – a new financing window dedicated to improving sanitation in African urban cities….

Mali: Partners And key Players Commit To Developing Renewables Sector At Opening Of 3rd Renewable Energies Week

ON Thursday 29 February 2024, the Malian Minister of Young People and Sports, Civic Education and Citizenship, Abdoul Kassim Fomba presided – in the name of the Prime Minister of Mali, Choquel Kokalla Maïga – the opening of the 3rd…

Democratic Republic Of Congo: African Development Bank To Lend $117 million To Support Agricultural Transformation

MEETING in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in…

Africa Defies Odds To Become The World’s Second Fastest Growing Region, African Development Bank’s Adesina Tells Ambassadors in Abidjan

AFRICA’s economies continue to grow faster than the global average of 3% demonstrating resilience against several challenges including climate change, geopolitical tensions, rising inflation, food insecurity and rising debt. The President of the African Development Bank Group, Dr Akinwumi Adesina said,…

African Development Bank Group, Lake Chad Basin Commission Sign Memorandum of Understanding (MoU) to Restore Lake Chad Basin

THE African Development Bank Group (www.AfDB.org) and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in…