Most Recent News

Africa anticipate Better days ahead as Banks Predict stronger economic growth for the continent in 2023

The African Development Bank predicts the continent’s growth will be a stronger-than-expected 4% this year, with China’s ending of strict Covid-19 curbs one of the major contributory factors highlighted in.

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African Development Bank commits to TDB Class C Green+ shares launched at COP27

The African Development Bank and the Eastern and Southern African Trade and Development Bank (TDB) have united to launch a unique financial instrument to catalyze financing for sustainable development on.

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African Development Bank secures $31 billion at investment forum

The African Development Bank, AfDB, raised $31 billion in investment commitments for projects during the Africa Investment Forum, said the bank’s president Akinwumi Adesina at the end of the three-day.

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Nigeria: AfDB, JICA Pledge $244m Over Emergency Food Production

The African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), have pledged the sum of $244 million dollars for emergency food production in Nigeria. The President of the.

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US Okays $5m Grant to AfDB Over Methane Emissions

The United States government has approved a $5 million grant for the African Development Bank, AfDB, to support efforts to abate methane gas emissions across Africa. Methane accounts for about.

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Japan Pledges $30bn For African development

The Japanese prime minister, Fumio Kishida, has pledged $30 billion (€30.1 billion) over three years in an apparent effort to counter China’s rising influence on the continent. This followed Beijing’s.

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Japan, AfDB declare US$5 bn support for Africa’s Private Sector

The government of Japan and the African Development Bank, AfDB, have declared a US$5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative.

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Malawi Government Gives K462m for Tourism Matching Grants

Minister of Tourism Michael Usi has presented matching grants to 18 successful Tourism operators totalling over K400 million. Speaking during the handover ceremony, Usi said the marching grants are in.

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AfDB hails coherence of Morocco’s development plan, resilience of its economy

President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the.

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Development Bank Ghana Seeks Fivefold Lending Leap in 5 years

Development Bank Ghana, which officially starts operations on Tuesday with about $800 million in the capital, plans to grow lending fivefold over the next five years to help end a.

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