African Development Bank Group

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the ...
African Development Bank Group

The African Development Fund approves a $9 million grant to boost climate resilience in Tanzania’s Mkondoa catchment

The Board of Directors of the African Development Fund (ADF) has approved a $9.38 million grant to Tanzania to enhance climate resilience in the Mkondoa Catchment, a vital water resource area affected ...
African Development Bank Group

African Development Fund approves $23 million to boost clean energy access in Bosaso, Somalia

The Board of Directors of the African Development Fund has approved a grants package worth $23.36 million to bring clean and reliable electricity to the city of Bosaso, Somalia. The Rehabilitation and ...
African Development Bank Group

Keeping kids out of cobalt mines: African Development Bank skills and school program provides alternative to child labour for mineral-powered popular holiday g…

During this end-of-year holiday season, top of the presents wish list for many are cell phones, computers, tablets, portable ...
African Development Bank Group

ADF-17 Replenishment: In historic move, African countries race to contribute to continent’s development

The final pledging meeting for the 17th general replenishment cycle of the African Development Fund (ADF) kicked off in London on Monday with an unprecedented increase in commitments from African ...
African Development Bank Group

High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs

The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) in London from 15-16 December, convening donor coun ...
African Development Bank Group

Benin: African Development Bank to invest €102 million to boost poultry meat production

The Board of Directors of the African Development Bank Group meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of the Agriculture Transformation Programme ...
African Development Bank Group

African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project

The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at ...
African Development Bank Group

Kenya: African Development Bank Group and KCB Bank sign $150 million deal to accelerate green lending and trade

The African Development Bank Group (AfDB) and KCB Bank Kenya Limited have signed a $150 million financing package to support green finance and accelerate climate-smart investments to enhance KCB’s ...
African Development Bank Group

DR Congo: The African Development Bank Group grants nearly $160 million to strengthen connectivity to the Ngandajika agro-industrial park

The Board of Directors of the African Development Bank Group has approved a $159.50 million loan to the Democratic Republic of Congo (DRC) to improve connectivity to the Ngandajika Agro-Industrial ...
African Development Bank Group

The African Development Fund grants Guinea nearly $26 million in additional funding to develop an electricity interconnection with Mali

The Board of Directors of the African Development Fund approved additional financing of $25.79 million for Guinea for the 225 kV Guinea-Mali electricity interconnection project. The financing, agreed ...