Côte d'Ivoire: African Development Bank grants loan of over €24 million to improve fisheries and aquaculture sectors, benefitting some 700,000 people
The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d'Ivoire to boost the development of fisheries and aquaculture value chains. This funding will enable the country, which has been undergoing rapid growth, to increase the sector's contribution to the blue economy, both nationally and locally.
Joint Meeting of the Energy and Hydrocarbons Ministers of the ECOWAS Member States, Extended to Include Morocco and Mauritania, on the Nigeria-Morocco African Atlantic Gas Pipeline Project
The ECOWAS Ministers of Energy and Hydrocarbons extended to Morrocco and Mauritania have adopted the version of the intergovernmental Agreement (IGA) and the Host State Agreement (HGA) revised by experts, as well as the Framework Document for the establishment of the ECOWAS Renewable and Energy Efficiency Facility (EREEEF).
Benin: €635.5 Million Package to Drive Growth, Strengthen Climate and Social Resilience
The World Bank approved on the 31st of October of this year a €635.5 million International Development Association (IDA)* financing package to support the Government of Benin's efforts to strengthen private sector-led growth, boost domestic revenue collection, and strengthen social and climate resilience.
Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa
Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is achievable.
President Samia Suluhu Hassan of Tanzania said her country had reached 128 percent food security and is now exporting surplus to neighbouring countries.
Mozambique: African Development Bank approves $54 million loan for Mozambique’s first wind energy project
The Board of Directors of the African Development Bank has approved a loan of $54 million for a 120 MW onshore wind farm that will help position Mozambique as a regional energy hub.
Japan boosts African Development Fund with JPY 51.67 billion concessional loan
The African Development Bank Group and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund.
African Development Bank and USAID Sign $600 million Landmark Regional Development Agreement for the Sahel
The African Development Bank Group and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremony was held at the U.S. Embassy in Dakar, Senegal.
The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa
The Board of Directors of the African Development Bank Group has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA).
IGAD Embarks on Strengthening Collaboration and Coordination in Food Systems Resilience Investments and Interventions through Learning and Experience Sharing Missions with Country Food Systems Resilience Programs
The Intergovernmental Authority on Development (IGAD) through its Food Systems Resilience Program (FSRP) in collaboration with the Ministry of Agriculture of the Federal Democratic Republic of Ethiopia this morning convened with national and regional experts from Ethiopia and Kenya under the Food Systems Resilience Programs to learn from each other, share experiences and best practices as one of the strategies to strengthen collaboration and coordination to ensure efficiency and effectiveness of FSRP investments and interventions across the IGAD region.
Green Climate Fund approves $151 million for African Development Bank’s climate resilience programme in the Horn of Africa
The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank to address climate vulnerability in the Horn of Africa.
The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank Group’s “Building Climate Resilience for Food and Livelihoods in the Horn of Africa programme,” benefitting 4.6 million people across Djibouti, Somalia, Kenya, Ethiopia and South Sudan.