AFDB

The board of directors of the African Development Bank has approved a new gender strategy for 2021-2025 focusing on investing in Africa's women to accelerate inclusive growth, the institution said. In a statement dated Thursday, the…

The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The European Commission would contribute…

Civil Society Organisations (CSOs) working to preserve the environment in Africa have written to the President, African Development Bank (AfDB), Mr Akinwunmi Adesina, asking for a complete stop of the funding for polluting energies. The…

Nigeria’s Electricity Generation Statistics between January and October shows that Nigeria recorded losses in power generation volume valued N243 billion. The October 2020 electricity generation statistics released by the Association of…

Nigerian National Petroleum Corporation has urged national oil companies to set aside risk funds to minimise the impacts of unforeseen events. The NNPC’s Group Executive Director, Umar Ajiya, said this during a dialogue on responses by…

The Federal Government has secured $6.15 billion for infrastructural development in the power sector, a report says. The Minister of Power, Engr Sale Mamman, disclosed this in his ‘One Year Anniversary: Key achievements’ report. He…

French oil giant, Total has secured $14.9 billion in senior debt financing for its landmark Mozambique Liquefied Natural Gas (LNG) development, in spite of current disruptions to the oil and gas market and the deep of global oil prices. …

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW,…

The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be…

As part of the efforts to alleviate the financing constraints in renewable energy sector in Africa, the Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital…

...Supporting 7 Public Sector, One Private Sector Operations. African Development Bank is leading a collaboration of the Embassy of Germany in Rwanda, the KfW Development Bank and the government of Rwanda to inaugurate the high voltage…

JOHANNESBURG, South Africa, December 6, 2019/APO Group/ -- Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This…

The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states to prop up economic integration. …

Chibisi Ohakah, Abuja Bank (AfDB) has announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was…

The African Development Bank (AfDB) has provided additional financing of €8.63 million to Comoros for the implementation of the Electricity Sector Support Project. The amount is in addition to the one initially approved by the AfDB in…

Peace Obi The African Development Bank, AfDB has pledged to double its climate finance commitments for the period 2020-2025. The Bank’s President, Akinwumi A. Adesina disclosed the bank's intention at the One Planet Summit that took…

Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional…

In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans to reach 29.3 million people in Africa with electricity by 2020. The President…

Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions. The African Development Bank provided a much-needed lifeline at a time when it was very difficult to…

Akinwumi Adesina, President of the African Development Bank Group (AfDB), on Monday, January 15, received the Order of the Star of Africa with the Grade of Grand Band of the Republic of Liberia, during an investiture ceremony hosted…