The U.S. Trade and Development Agency (USTDA) and African Development Bank’s Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality solutions for Africa’s infrastructure needs. The forum took place during last week’s U.S.-Africa Business Summit, in Marrakech, Morocco.
The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments, to enable the country tackle declining growth and other economic challenges. The Ministry of Finance will implement the project.
The African Development Fund is the concessional lending arm of the African Development Bank Group. The Board’s approval came on Friday, 15 July.
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $14.4 million loan to enhance food security in Zambia, a key supplier to countries in the region.
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African Guarantee Fund (AGF) and the Tanzania Bankers’ Association this week in Dar es Salaam.
The opening day on Tuesday 26 July 2022 drew over 200 representatives from banks and other financial institutions, governments, policymakers, and entrepreneurs in Tanzania for two days of exploring opportunities to reduce the $42 billion financing gap for women-led small and medium enterprises (SMEs).
The African Development Bank today signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a senior loan of $10 million to accelerate access to finance for small businesses managed and owned by women in Tanzania.
On 22 July 2022, Heads of State of the East Africa Community (EAC) launched the Arusha Bypass Road, during the EAC Heads of State summit, which took place in Arusha, Tanzania. The 42.4 km bypass seeks to decongest traffic in the towns of Arusha and Moshi and to promote intra-regional trade. It is a component of the multinational Arusha-Holili/Taveta-Voi Road project, funded by the African Development Bank Group, and connects Tanzania and Kenya.
Fifty-four-year-old Dramane Diallo has been a farmer since he was a young boy, a profession he learned at an early age from his parents. For the Diallo family, agriculture is a family skill, handed down from generation to generation in this region of Koulikoro, in southern Mali.
Today, it is his fields that support him and his family. Dramane is a farmer and has no other source of income.,
Africa deserves the highest priority attention at the United Nations climate conference, COP 27 to be held in November this year, panel members discussing the African Development Bank’s African Economic Outlook 2022 in an event hosted by the Atlantic Council, said on Wednesday.,
African Development Bank Group President Dr. Akinwumi Adesina, was honored with the distinguished Ronald Harmon Brown Award of International Distinction, by the National Bar Association, in the United States.
The award is named in honor of Ron Brown, the first African American to Chair a major U.S. political party, and the first African American to be appointed Commerce Secretary.,
The African Development Fund, the concessional window of the African Development Bank Group, has approved a $20.2 million grant to raise food production in Malawi.
