The African Development Forum, which officially opened on October 13, was notable for several speeches. These included speeches by the King of Morocco, read by the Moroccan Prime Minister Abdel-Ilah Benkiran, as well as speeches by the President of Côte d’Ivoire, Alassane Ouattara, and the...

The African Development Bank Group (AfDB) will take part in the 9th African Development Forum, in Marrakech, Morocco, and contribute to high-level discussions aimed to address fast-tracking funding for the continent’s economic and social transformation, and seek immediate solutions to ensure a...

On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund. Moringa will invest in scalable, replicable agroforestry projects in Sub-Saharan Africa and...

In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own...

The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit (LOC) equivalent in Nigerian Naira (NGN) to LAPO Microfinance Bank (LAPO MfB) in Nigeria. LAPO MfB is the largest microfinance...

Efforts by the Kingdom of Morocco to deepen its financial sector received a big boost on Wednesday, October 1, 2014 in Abidjan, following the approval of a €100-million budget support loan to finance the third phase of the government’s Financial Sector Development Support Programme (PADESFI-III...

New York, September 25, 2014 – On the margins of the Climate Summit in New York, the Japanese government convened the second roundtable with African Regional Economic Communities (RECs), chaired by Japanese Prime Minister Shinzo Abe, to underline the importance of regional infrastructure as an...

Enhancing inclusive growth and job creation in Africa The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a 1 million Euro line of credit (LOC) equivalent in Central African CFA francs (XAF) to Advans Cameroon. Advans Cameroon is...

Abidjan, September 18, 2014 – The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on September 18, 2014 in Abidjan, Côte d’Ivoire a EUR 1 million line of credit (LOC) equivalent in Franc CFA to Finadev S.A. Benin. Finadev Benin is a...