African Development Bank
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Business Insight
AfDB and the Fonds d’équipement communal sign EUR 100m loan agreement to fund projects and territories in Morocco
The African Development Bank (https://www.AfDB.org/) signed a loan agreement of EUR 100 million with the Fonds d’équipement communal (FEC) in…
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Burkina Faso, African Development Bank launch project to bolster food security
The government of Burkina Faso has officially launched an African Development Bank (www.AfDB.org) supported project to bolster food security in the…
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African Development Bank and FSDH Merchant Bank sign $20m deal to support SMEs
The African Development Bank (www.AfDB.org/en) has signed a $20 million Trade Finance Facility Agreement with FSDH Merchant Bank to support…
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African Development Bank revises economic forecast for Africa downwards amid continued global shocks
The African Development Bank (www.AfDB.org) has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards…
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African Development Bank joins global partners to raise financing for $1.6bn multinational Lobito Transportation Corridor
The African Development Bank has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito…
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Absa Group secures ZAR 2.7bn subordinated financing and $150m trade finance facility from African Development Bank
The Board of Directors of the African Development Bank (www.AfDB.org) has approved a financial package for Absa Group Limited comprising…
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African Development Bank debars Joycot General Contractors Ltd for fraudulent practices
The African Development Bank Group (www.AfDB.org), on 25 September 2023, announced the 15-month debarment of Joycot General Contractors Ltd. effective…
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Argentinean Under-Secretary’s visit to AfDB underscores growing economic ties with Africa
On a visit to the African Development Bank, Argentina’s Under-Secretary for Foreign Policy, Claudio Rozencwaig, has expressed keen interest in…
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African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction
The African Development Bank (www.AfDB.org) announces upcoming investor calls and meetings in New York, London and Paris, ahead of an…
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Business Insight
African Development Bank announces $1bn climate finance for Africa’s youths
African Development Bank (www.AfDB.org) President Akinwumi Adesina has announced a new $1 billion fund to accelerate climate financing for Africa’s…
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