News & Events
24/05/2018 - Ministers of Finance, Agriculture and Governors of Central Banks from African countries have called for further innovative financing mechanisms to deal with the impact of climate change, which has led to economic losses from cycles, conflict, insecurity and cross-border political instability in the Sahel region.
African Development Bank President Akinwumi Adesina attended the discussions by the Bank’s Board of Governors, emphasizing the Bank’s involvement in strengthening the technical cooperation between the Bank and the African Risk Capacity (ARC) to respond to climate change in Africa.
31/05/2017 - An African Development Bank (AfDB) mission visited Banjul from 8-12 May 2017 to hold talks with the Government and other stakeholders on updating the Second Joint Assistance Strategy (JAS-II 2012-2016). Key among activities undertaken during the mission, was the Country Portfolio Performance Review (CPPR), which was found satisfactory.
27/02/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through the creation of an enabling policy, institutional and regulatory framework, as well as direct support to project development and financing.
17/02/2017 - An African Development Bank mission, in collaboration with the World Bank Group, visited Banjul, the Gambian capital, from February 1-4, 2017 in order to engage with the new authorities and discuss the modalities of forthcoming Bank engagement.
02/12/2016 - The African Development Bank (AfDB) Climate Investment Funds (CIF) unit released in November a new study which details regional member countries’ progress in ratifying the Paris Agreement and their efforts to transition Intended Nationally Determined Contributions (INDCs) into Nationally Determined Contributions (NDCs). The report found that in many countries, projected contributions will be conditional based upon receipt of climate finance support.
24/11/2016 - The African Development Bank is pleased to announce the appointment of Mr. Ebrima Faal as the Director for the Nigeria Country Office with effect from 1 December 2016. The Nigeria Country Office is the largest single office of the African Development Bank, which oversees a portfolio of over US $5 billion and deals with 36 states of the Federation and the Federal Capital Territory.
01/06/2016 - With support from the African Development Bank (AfDB), The Gambia has been granted US $1.5 million under the Climate Investment Funds’ Pilot Program for Climate Resilience (CIF PPCR) to prepare a national Strategic Program for Climate Resilience (SPCR). Through the SPCR, the country will develop a double-edged set of solutions for its climate vulnerability, identifying programs to implement resilience actions while at the same time reducing barriers that exacerbate climate vulnerability. The Plan will be developed with support from two Multilateral Development Banks (MDBs), the AfDB as lead agency and the World Bank.