Tag: African Development Bank

World Bank resumes cooperation with Gabon after military coup

December 13, 2023

The World Bank has resumed cooperation with Gabon several months after freezing all financing projects in the central African country in a reaction to the ... Read More

AfDB, Lome-based BOAD ink €70m deal to support the private sector in 8 West African countries

December 13, 2023

The African Development Bank (AfDB) announced Tuesday December 12 an agreement with the Lome-based West African Development Bank (BOAD), a line of credit agreement of ... Read More

Global Gateway: EU inks strategic partnerships on ‘Lobito Corridor’ in bid to counter China

October 30, 2023

The two-day Global Gateway Forum that wrapped up in Brussels on Thursday (26 October 2023) saw the European Union sign three strategic partnerships with its ... Read More

Joint Zambia-Zimbabwe $5bn dam project near Victoria Falls approved by UN agency

October 18, 2023

A UN agency has given Zambia and Zimbabwe permission to build a $5 billion hydropower dam downstream from Victoria Falls, a UNESCO World Heritage Site, ... Read More

Burkina Faso inks deal with Russia to build nuclear power plant to solve energy deficit

October 17, 2023

The Burkina Faso military government has signed an agreement with the Russian government for the construction of a nuclear power plant in the West African ... Read More

AfDB loans Tunisia $87.1m to finance project in cereal sector

July 20, 2023

The African Development Bank (AfDB) and Tunisia inked a deal Wednesday for a $87.1-million credit facility for the financing of a project to support the ... Read More

Benin gets €80 million-loan from AfDB to upgrade Cotonou Port

July 20, 2023

Benin has secured an 80 million euros loan facility from the African Development Bank (AfDB) to improve and expand Cotonou harbor, one of the main ... Read More

AfDB allocates Côte d’Ivoire €400 million in partial credit guarantee for international funds mobilization

July 13, 2023

The African Development Bank, AfDB, rubber-stamped Tuesday a €400 million partial credit guarantee for Côte d'Ivoire, to support the mobilization on international financial markets for ... Read More

COMESA report highlights key achievements and main challenges to regional integration

June 18, 2023

COMESA, or the Common Market for Eastern and Southern Africa, has recorded a significant increase in trade both globally and within the region above the ... Read More

AfDB forecasts 2.3 growth rate for Tunisia over 2023-2024 period

May 25, 2023

Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its ... Read More