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Supporting regional integration in the Lake Chad Basin

25-May-2018 - Two loan agreements totaling €44.51 million were signed on Thursday, May 24 in Busan, Korea, by Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development, and Ousmane Doré, Director General for the African Development Bank Central Africa Regional Development and Business Delivery Office.

FAPA Donors and AFAP sign grant agreement in support of local supply and utilization of fertilizer in Africa

24-May-2018 - On the sidelines of the African Development Bank Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA)(link is external) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.

Integrity in Development Projects: African Development Bank and Sinohydro Reach Settlement Agreement on Fraudulent Practice

24-May-2018 - The African Development Bank Group (AfDB) on June 15th, 2017, announced the conclusion of a settlement agreement with Sinohydro Corporation.

African Development Bank and UNIDO join forces to accelerate Africa’s industrialization

21-May-2018 - The African Development Bank (AfDB) and the United Nations Industrial Development Organization (UNIDO) signed a Memorandum of Understanding (MoU) on Monday, May 21 to step up collaboration to boost Africa’s industrialization.

Cameroon: 25th Member State to ratify the African Legal Support Facility Treaty

24-Apr-2018 - The President of the Republic of CameroonPaul Biya, ratified the agreement to establish the African Legal Support Facility (ALSF) on April 13, 2018 in the presence of his cabinet. Cameroon is the 25th Member State to ratify the treaty.

Three leading development finance institutions sign loan agreement to support capital markets and high impact sectors in Africa

13-Apr-2018 - Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.

African Development Bank and Portuguese Government plan to unlock growth opportunities in Africa’s Lusophone countries

12-Apr-2018 - To help unlock economic growth, the African Development Bank is coordinating the implementation of an integrated development strategy for Portuguese-speaking countries in Africa. In preparation for the rollout of this initiative, the Bank and the Government of Portugal have signed an agreement to provide language training to African Development Bank staff interested in learning Portuguese, as well as professional conference translation services.

African Development Bank’s Trade Finance Operation signs US $100-million soft commodity finance facility agreement with the Export Trading Group

12-Apr-2018 - The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong commitment to the promotion of agriculture in Africa.

The Republic of Angola and the Bank sign a loan agreement of US $101.07 million to support agricultural value chains development in Cabinda Province

29-Mar-2018 - The Government of the Republic of Angola, represented by Augusto Archer de Sousa Mangueira, Minister of Finance and Governor for the African Development Bank, and the Bank, represented by Joseph Ribeiro, Country Manager for Angola, signed on Tuesday, January 16, 2018 in Cabinda Province, a loan agreement in the amount of US $101.07 million for the Cabinda Provincial Agriculture Value Chains Development Project.

African Development Bank signs deal with International Solar Alliance to propel solar development in Africa

12-Mar-2018 - In a major boost for its Light up and power Africa initiative, the African Development Bank has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa.

Adesina urges America to support African agriculture as a business

22-Feb-2018 - The President of the African Development Bank, Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum in Virginia on Thursday, on the theme The Roots of Prosperity.

ADEA-USAID Global Book Alliance Partnership: Time to Eliminate Book Hunger for Children in Africa

15-Feb-2018 - A high-level technical meeting on the Global Book Alliance (GBA), organized by the Association for the Development of Education in Africa (ADEA)’s Working Group on Books and Learning Materials (WGBLM) in collaboration with the United States Agency for International Development (USAID) successfully developed a common draft action plan around five pillars for advocating and establ

African Development Bank enables Public Private Dialogue in Lesotho

13-Feb-2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project. 

African Development Bank, Egyptian Government push for a new Africa driven by innovation

13-Feb-2018 - “We are literally in a race against time. In the context of the fourth industrial revolution, with rapid growth in artificial intelligence, robotics, nanotechnology, biotechnology, genetic engineering, and big data analytics, it’s clear that Africa needs to do more not to be left behind.” − Akinwumi Adesina, President of the African Development Bank.

African Development Bank President briefs diplomatic corps in Côte d’Ivoire on progress and perspectives for Africa’s development

07-Feb-2018 - The President of the African Development Bank Group, Akinwumi Adesina, hosted the annual luncheon of diplomats accredited to Côte d’Ivoire in Abidjan on Tuesday with an appeal on the Bank’s member countries to contribute to the 7th General Capital Increase to enable the institution to realise its development objectives.

Le vice-président des Opérations de la Banque africaine de développement réaffirme l’excellence du partenariat avec le Maroc

02-Feb-2018 - Le vice-président du Développement régional, de l’intégration régionale et de la prestation de services de la Banque africaine de développement, Khaled Sherif, a rencontré, vendredi 2 février 2018 à Rabat, le chef du gouvernement marocain, Saâd Eddine El Othmani, accompagné de la Responsable-pays de la Banque pour le Maroc, Leïla Farah Mokaddem.

Integrity in Development Projects: The African Development Bank and GH Management Consultants Conclude a Settlement Agreement and Resolve Fraud Allegations

16-Jan-2018 - The African Development Bank Group (AfDB), on 16 January 2018, announced the conclusion of a settlement agreement with GH Management Consultants and its managing partner, Mr. George HANIN.

First Meeting by High Level Panel on International Migration in Africa pushes migration issues to the top of the policy agenda

16-Jan-2018 - The first meeting of the High Level Panel on International Migration in Africa (HLPM) highlighted regional migration priorities and actionable commitments that will lead to the successful implementation of the work plan of the Panel in preparation of the final report.

African Development Bank President to Participate in High-Level Panel on International Migration in Africa

14-Jan-2018 - The President of Liberia, Ellen Johnson Sirleaf, will host the inaugural meeting of the High-Level Panel on International Migration in Africa (HLPM), in Monrovia on Monday, January 15, 2018. Participants include the President of the African Development Bank, Akinwumi Adesina, and the Executive Secretary of the United Nations Economic Commission for Africa, Vera Songwe.

Nigeria consolidates position as African Development Bank’s largest shareholder

14-Jan-2018 - Nigeria’s President, Muhammadu Buhari, will commission the new office complex of the African Development Bank in Abuja on January 18, 2018, consolidating the country’s position as the Bank’s largest shareholder. The state-of-the-art Nigeria Country Department (RDNG) office complex, situated in the Central Business District of Abuja, the country’s capital, is the first permanent structure to be designed and constructed in any regional member country of the Bank.