The AfDB-funded Post-Cyclone Idai Emergency Recovery Project restored electricity access, revitalizing businesses across communities in Zimbabwe In March 2019, Cyclone Idai tore through Zimbabwe’s eastern districts with unprecedented fury, leaving behind a trail of devastation. Among the hardest hit…
Sidi Ould Tah Elected Ninth President of the African Development Bank Group
Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina Sidi Ould Tah of Mauritania was today elected President of the African Development Bank…
AFDB Approves $19.85M Grant for Crisis Response in Sudan
African Development Bank approves $19.85 million grant for crisis response to the most vulnerable in Sudan’s conflict areas. The project will benefit 1.5 million Sudanese, or 265,000 households, of which a majority are led by women The Board of Directors…
Liberia: African Development Bank extends $400,000 in technical assistance to support pension sector
Liberia`s National Social Security and Welfare Corporation (NASSCORP), the only existing pension service provider in country, currently provides coverage to mainly formal sector public service employees The African Development Bank Group has approved $400,000 in grant funding for the Liberia…
New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing
The report provides an in-depth review of African countries progress towards five sustainable development goals and their 32 targets to meet the 2030 Agenda and the African Union 2063 Agenda The United Nations Development Programme (UNDP), the United Nations…
Africa Offers Attractive Investment Opportunities for Japanese Firms, Say African Development Bank Leaders
Bank leaders underscored the institution’s commitment to making investing in Africa more attractive Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank’s strong support to manage risks, African Development Bank…
AfDB and Red Cross stress co-creation to build resilience in Africa
African Development Bank and the International Committee of the Red Cross (ICRC) stress co-creation to build resilience in Africa The exchange highlighted the importance of strategic partnerships to reduce humanitarian funding gaps in the medium to long-term by pursuing a…
G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation.
African Development Bank Appoints Dr. Léandre Bassole as Deputy Director General for East African Region
The Bank’s engagement in Guinea increased from $240 million in 2017 to $728 million in 2023 The African Development Bank has appointed Dr. Léandre Bassole, a seasoned economic development specialist, as Deputy Director General for the East African Region, effective…
African Development Bank, African Union, United States Government, International Fund for Agricultural Development, CGIAR advance ties to boost Africa’s food production
….The African Union Commission-mandated Soil Initiative for Africa is a framework effort to systematically improve Africa’s soil health and productivity Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an…