Tag «AfDB»

AfDB takes agricultural transformation discourse to India, cradle of Green Revolution

Abidjan, Côte d’Ivoire, February 28, 2017 – Agriculture, agri-business and agro-industries will dominate the knowledge events of the 2017 Annual Meeting of the African Development Bank Group scheduled to take place from May 22-26 in Ahmedabad, in India’s Gujarat State. The central theme of the Annual Meetings, “Transforming Agriculture for Wealth Creation in Africa,” underscores …

AfDB launches three projects worth US $26 million in Zimbabwe

Harare, Zimbabwe, February 23, 2017 – The African Development Bank and the Government of Zimbabwe officially launched three projects worth US $26 million that were recently approved by the Bank’s Board of Directors. The three ventures are Alaska Karoi Transmission Reinforcement Project (US $18 million); the Youth and Women Empowerment Project (US $4 million) and …

AfDB commits US $3.50 million to IGAD Regional Infrastructure Master Plan

Abidjan, Côte d’Ivoire, February 15, 2017 – The eight-nation Intergovernmental Agency on Development (IGAD) has secured a US $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the agency’s Infrastructure Master Plan (IRIMP). The project, to be completed in 38 months, seeks to establish regional …

AfDB and the Alliance for Financial Inclusion sign MoU to enhance access to financial services on the continent

Abidjan, Côte d’Ivoire, February 1, 2017 – The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services on the continent on Tuesday, January 31, 2017, in Abidjan, Côte d’Ivoire. The agreement aims to create a collaboration framework to promote financial …

AfDB scaling up support for Africa’s development at AU Summit

Addis Ababa, Ethiopia, January 30, 2017 – The African Development Bank President, Akinwumi Adesina, attended the official opening ceremony of the 28th Ordinary Session of the Assembly of the African Union, which kicked off Monday in Addis Ababa. The meeting featured the announcement of the election of President Alpha Condé of Guinea as the new …

AfDB approves US $20 million for Meridian’s soft commodity value chain operations in Southern Africa

Abidjan, Côte d’Ivoire, January 20, 2017 – The African Development Bank has approved US $20 million to finance Meridian’s soft commodity value chain operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value chain operations in the three …