Ghana wins US $24 million to restore and expand sustainable forests through innovative public-private partnership

Ghana received approval on Thursday, September 22, 2016 from the African Development Bank (AfDB) for a project to restore degraded forest reserves and double a sustainable forest plantation through a first-of-its-kind Public-Private Partnership (PPP) in its forest sector.

AfDB engages East Africa’s private sector in a drive to strengthen partnerships

The Bank Group’s Resource Mobilization & Partnerships Department (FIRM) in collaboration with the East Africa Regional Directorate (RDGE), has concluded its first regional Business Opportunities Seminar (BOS) in Nairobi, Kenya.

The three-day event (2-4 October) falls within a series of Bank activities, aimed to step up its partnership with the private sector and highlight their role in implementing the continent’s transformation agenda, as enshrined in the High 5 strategy of the Bank.

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future.

Benin: AfDB supports inclusive growth through agricultural value chains and infrastructure development

The Board of Directors of the African Development Bank Group (AfDB) has approved the institution’s intervention strategy in Benin for the period 2017-2021.

The strategy supports the Government’s Program of Action (PAG 2016-2021) for the country’s economic and social development, anchored on two main pillars.