Tag: AfDB

WB, AfDB partner to connect 300 million in Africa to electricity by 2030

April 19, 2024

The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa ... Read More

AfDB allocates $4.5 mln to improve governance in 14 African municipalities

March 28, 2024

The African Development Bank said it has allocated $4.5 million to back projects in 14 African municipalities. In a statement, the bank said that 500,000 ... Read More

AfDB lends Morocco €100 Mln for infrastructure projects in rural zones

March 16, 2024

The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities ... Read More

AfDB warns of linking African loan payment to critical resources

March 13, 2024

Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control ... Read More

Africa imports 70-80% of its drugs, losing $2.6tn yearly due to ill-health — AfDB chief

March 12, 2024

Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that ... Read More

AfDB committed to actively contribute to financing development projects in Morocco

February 22, 2024

The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic ... Read More

AfDB Lends OCP Group $188 Mln for Green Projects

February 21, 2024

The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world's leading producer ... Read More

AfDB to hold Annual Meetings in Nairobi May 27-31

January 19, 2024

The African Development Bank, AfDB, will hold its 59th annual meetings this year in Nairobi from May 27 to 31, the Abidjan-based lender has announced. ... Read More

AfDB commits $303m for Mauritania-Mali electricity interconnection project

January 17, 2024

The African Development Bank (AfDB), through its African Development Fund (ADF), has approved a $303 million loan for the building of a 1,500 km-long power ... Read More

Benin gets €39m loan from AfDB to boost private sector’s contribution to economic development

December 15, 2023

The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional window, approved a €38.84 million loan to Benin to help ... Read More