News & Events
23/10/2018 - The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion.
11/07/2018 - The Board of Directors of the African Development Bank has approved US$50 million framework financing for small-scale renewable energy projects in Zambia, which will help diversify Zambia’s energy generation heavily reliant on hydro-electricity.
13/06/2018 - Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of US$ 35.2 billion in 2017, up 28 per cent on the previous year.
07/03/2018 - At its 19th Board Meeting in Songdo, South Korea, the Board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank for Zambia's Renewable Energy Financing Framework. The GCF will provide a US$ 50 million loan and a US$ 2.5 million grant
08/11/2017 - If the fight against climate change is not won in Africa, it cannot be won anywhere else, said Akinwumi Adesina, President of the African Development Bank (AfDB) while signing a partnership agreement with the Green Climate Fund.
25/07/2017 - In a collaborative initiative, the African Development Bank (AfDB) and the Food and Agriculture Organisation (FAO) have joined efforts to operationalize the ‘Desert to Power program’ in eleven countries including Sudan.
- From: 24/10/2016
- To: 27/10/2016
- Location: Seoul, Republic of Korea
An African Development Bank (AfDB) Group delegation led by President, Akinwumi Adesina, will attend the 5th KOAFEC Ministerial Conference in Seoul, South Korea from 24-27 October 2016.
The Bank is co-hosting the conference whose theme is: “Transforming Africa’s Agriculture through Industrialization and Inclusive Finance”, with the Korea Ministry of Strategy and Finance (MOSF), and the Export-Import Bank of Korea (EXIM). The theme emphasises the business value of agriculture to Africa’s socio-economic transformation.