Tag: African Development Bank

Middle East Conflict Hits Africa Hard as Currencies Fall and Inflation Risks Surge

Business Damilola Bayonle -
The Middle East conflict impact on Africa economies is becoming increasingly pronounced, with fresh data showing widespread currency depreciation,...

1.2 billion youth enter workforce as World Bank pushes jobs as key to poverty reduction

Business Damilola Bayonle -
World Bank links job creation to poverty reduction as global growth slows The World Bank has reiterated that expanding employment...

AfDB’s landmark $500m loan sparks major boost for Nigeria’s energy transition and governance reforms

Business Damilola Bayonle -
The African Development Bank (AfDB) has approved a fresh $500 million loan to Nigeria aimed at accelerating the country’s...

Union of the Comoros Launches $137 Million Maritime Corridor Project with African Development Bank Support

Business Damilola Bayonle -
MORONI, Comoros, October 30, 2025 –The President of the Union of the Comoros, Azali Assoumani, has officially launched the...

Africa’s Circular Economy Gains Momentum as Innovation Sparks Sustainable Prosperity

Business Damilola Bayonle -
ABIDJAN, Ivory Coast, October 28, 2025 – Africa’s Circular Economy is accelerating rapidly as innovation, entrepreneurship, and strategic investment...

African Development Bank Approves $500,000 Grant for Uganda Emergency Flood Response

Business Damilola Bayonle -
ABIDJAN, Ivory Coast, October 3, 2025 - The African Development Bank Group (AfDB) has approved a $500,000 grant to...

AfDB Trade Finance Guarantee for Exim Bank Tanzania to Unlock SME Growth

Business Damilola Bayonle -
ABIDJAN, Ivory Coast, September 27, 2025 – The African Development Bank Group (AfDB) has approved a $10 million facility...

African Development Bank President at UNGA80 Pushes for Scaled-Up Financing and Partnerships for Africa’s Development

Business Damilola Bayonle -
NEW YORK, United States — At the United Nations’ 80th General Assembly (UNGA80), African Development Bank President at UNGA80...

African Development Bank Approves New Lesotho Strategy as EG 2026 Licensing Round Highlights Africa’s Growth Agenda

Business Damilola Bayonle -
MASERU, Lesotho, September 24, 2025 - The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved...

African Development Bank Strengthens Project Management in DRC Amid Africa’s Investment Momentum Towards EG 2026 Licensing Round

Business Damilola Bayonle -
ABIDJAN, Ivory Coast, September 23, 2025 - The African Development Bank Group (AfDB) (www.AfDB.org) has concluded a four-day capacity-building...

African Development Bank boosts local currency financing in Africa with $25 million investment in TCX

Business Damilola Bayonle -
ABIDJAN, Ivory Coast, September 18, 2025 – The African Development Bank Group (AfDB) has approved an equity investment of...

African Development Bank to host Africa Natural Capital Accounting Community of Practice Secretariat

Business Emmanuel -
ADDIS ABABA, Ethiopia, September 17, 2025/ — The African Development Bank Group (www.AfDB.org) has officially announced it will host...