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The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.

The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan.

The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from the Africa Growing Together Fund, set up by the Bank and the People’s Bank of China in 2014. The remaining 19%Read More

'I am delighted and proud that Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize.
He deserves it for his boldness and resolve to break with the past and build bridges that foster lasting peace.
His remarkable leadership will help to bring security and prosperity to the entire Horn of Africa.
The African Development Bank congratulates Prime Minister Ahmed and will wholeheartedly support initiatives to help the region achieve its objectives.”

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Une délégation du gouvernement du Sénégal, conduite par le ministre de l’Eau et de l’assainissement, Serigne Mbaye Thiam, a fait le point avec les représentants de la Banque africaine de développement sur les préparatifs en cours, en vue d’accueillir en mars 2021 le Forum mondial de l’eau, à Dakar au Sénégal.

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The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals.

The agreement was signed 30th September 2019.

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The African Development Bank Group on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states.

The project will improve livelihoods and build resilience against climate change in the two states, including nomadic communities, by enhancing reliability of water and sanitation services and enhancing the public health system to benefit some 435,000 people.

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 A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank  on Senegal’s preparations to host the World Water Forum in Dakar in March 2021.

Minister Thiam met with the Bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, and her senior management team on 8 October to discuss the Bank’s participation in the event’s organization and delivery.

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The African Development Bank and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa, known as PALOPs.

Equatorial Guinea is the sixth and final PALOP country to sign the Compact after Angola, Cabo Verde, Guinea-Bissau, Mozambique and São Tomé and Príncipe.

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First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank.

The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions using an innovative mix of photovoltaic systems.

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Former Commonwealth Secretary-General Emeka Anyaoku has presented a Lifetime Achievement Award to the African Development Bank President Akinwumi Adesina, describing him and the Bank’s work as “ legendary, unprecedented and worthy of emulation.”

The Hallmarks of Labour Foundation presented the Outstanding International Icon Award to Adesina at a ceremony held in Lagos on October 6th.

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Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution.

The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African Development Bank in Abidjan on 30 September and 1 October.

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