The Board of Directors of the African Development Bank (www.AfDB.org) on 19 November 2021 approved a $35 million unfunded risk-sharing facility to support the trade finance activities in Africa of Ecobank International affiliates, EBI SA. Stefan Nalletamby, Director for Financial Sector Development at the African Development Bank, said the renewalRead More →

The African Development Bank (AfDB.org) and IFC, a member of the World Bank Group, on Wednesday signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compact. The agreement was signed by African Development Bank ViceRead More →

Following consultations with the Government of Côte d’Ivoire and the Board of Directors of the African Development Bank Group (www.AfDB.org), the 2021 Africa Investment Forum scheduled for December 1-3, 2021, in Abidjan, is postponed until further notice. The President of the African Development Bank Group, Dr. Akinwumi Adesina said: “TheRead More →

NBA Africa (www.NBA.com) and the Basketball Africa League (BAL) today announced that they are supporting the Center for Women’s Global Leadership’s “16 Days of Activism Against Gender-Based Violence Campaign” (16dayscampaign.org) the most widely-recognized and longest-running campaign for women’s rights in the world with the goal of eliminating of all formsRead More →

Almost 16.5 million people benefited from improvements in agriculture; more than 9 million people gained access to better transport services; more than 8 million people with new or improved access to water and sanitation; Covid-19: African Development Bank’s (www.AfDB.org) response provided emergency assistance to 31 countries, benefiting 12.3 million vulnerableRead More →