The African Development Bank and Google today formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York.
The African Development Bank and the Government of Korea on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million.
The African Development Bank's Sustainable Energy Fund for Africa (SEFA) welcomed approximately $50 million in new funding contributions from Germany and the United States.
African Development Bank President Akinwumi Adesina announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation.
In a successful effort to propel transitional African economies towards stability and growth, the African Development Bank’s Financial Modelling for the Extractives (FIMES) project has showcased remarkable results, as representatives from eight African countries benefiting from FIMES concluded a
Africa must increase investment in developing its renewable energy and attract greater support from the private sector and international financial institutions if it is to achieve the Sustainable Development Goals, experts meeting in Abidjan stressed on Wednesday.
At least 216 million African children suffer from stunting and malnutrition. In sub-Saharan Africa, malnutrition is the second leading cause of death among children after malaria.
The African Development Bank (AfDB) has committed to supporting East African countries to accelerate structural transformation, reinforce resilience, and create more decent jobs.
The Board of Directors of the African Development Bank on 16 May 2023 approved a $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations.
The African Development Bank Group (AfDB) has partnered with the International Fund for Agricultural Development (IFAD) to roll out Mission 1 for 200, an initiative aimed at helping 40 million African farmers by doubling productivity and producing 100 million metric tons of food for 200 million p
