African Development Bank and Partners Launch $520m Special Agro-Industrial Processing Zones to Transform Nigeria’s Agriculture
Agriculture Business

African Development Bank and Partners Launch $520m Special Agro-Industrial Processing Zones to Transform Nigeria’s Agriculture

…If the Special Agro-industrial Processing Zones program delivers on its objectives, we would in less than a decade have dealt a fatal blow to food insecurity – Buhari ABUJA, Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme initiated by

Read more
African Development Bank Group Executive Directors Praise Morocco’s Development Progress
Africa 24

African Development Bank Group Executive Directors Praise Morocco’s Dev Progress

‘The meetings, coupled with field visits, enabled them to assess the Bank’s engagements in the north African country and to gain a better understanding of its development prospects’ ABIDJAN, Ivory Coast, At the end of a five-day visit to Morocco, Executive Directors of the African Development Bank Group (www.AfDB.org) lauded the Moroccan government’s vision for

Read more
Training on Access to Capital Markets for African Cities and Subnational Government
Africa 24 Business

Training on Access to Capital Markets for African Cities and Subnational Government

The training session offered the opportunity to renew the governance bodies of the Network of Directors and Heads of Financial Services of African local authorities (Africa FINET) ABIDJAN, The African Development Bank (AfDB) and United Cities and Local Governments of Africa (UCLG Africa) in collaboration with GiZ and the Sahel and West Africa Club of

Read more
US announces $5m grant to support African Development Bank in tackling methane emissions
Business

US announces $5m grant to support African Development Bank in tackling methane emissions

The grant, subject to the completion of US domestic procedures and approvals, will go to the multi-donor Africa Climate Change Fund, which is managed by the African Development Bank DAKAR: Climate envoy Kerry announces funding at Dakar meeting of African ministers; Financing will drive fulfilment of Global Methane Pledge targets The United States government has

Read more
Meet the African Development Bank’s new Executive Directors, including five women
Business

Meet the African Development Bank’s new Executive Directors

The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors ABIDJAN: The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of

Read more
Africa do not have enough resources to tackle climate change - ADB
Business

Africa do not have enough resources to tackle climate change – ADB

The President, African Development Bank Group, Dr Akinwumi Adesina, has said that Africa lacks the resources to tackle climate change as the continent receives only three per cent of global climate financing. Adesina’s position was contained in a statement made available to journalists by the bank’s Abuja office. It was also disclosed that the bank

Read more
African Development Bank, SA Taxi sign $100m loan agreement to enhance transport sector 1
News

African Development Bank, SA Taxi sign $100m loan agreement to enhance transport sector

JOHANNESBURG, South Africa, The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The loan agreement,

Read more
Africa - Our collective humanity is at stake, African Development Bank President warns 3
News

Africa – Our collective humanity is at stake, African Development Bank President warns

ABIDJAN, Ivory Coast, African Development Bank Group (www.AfDB.org) President Akinwumi Adesina says an accelerated global health and economic effort is needed to overcome the COVID-19 pandemic in Africa. Stating that “one death is one too many” and that “our collective humanity is at stake,” Adesina urged U.S. and African government officials and corporate executives to

Read more