The African Development Bank (AfDB) and the Association of African Development Finance Institutions (AADFI) have trained African business experts in climate finance action strategy, and management. The training aimed to equip participants, particularly those from the financial and private sectors, Read more…
Following the impact of the COVID-19 global pandemic, the African Development Bank (AfDB) says only a strict adherence to environmental safeguards can ensure a s[eedy economic recovery for Morocco. This was stressed at a workshop organized by the AfDB in Read more…
Rwanda has received $80 million from the African Development Bank (AfDB) targeting the electrification of 80,000 rural households. Other beneficiaries are youths and small businesses. The funds comprise a loan of $36.77 million from the Bank Group’s African Development Fund Read more…
Tanzania has signed a $140 million loan deal with the African Development Bank (AfDB) to finance the construction of the 50-megawatt Malagarasi hydropower plant. It will be located in the Western region of the country. The funds will be used Read more…
African nations have been urged to protect their biodiversity because their economies are embedded within nature and are not external to it. Professor Dasgupta, Frank Ramsey Professor Emeritus of Economics at University of Cambridge, made this revelation through a U.K. Read more…
The Sustainable Energy Fund for Africa (SEFA) has extended a $1 million grant to help accelerate African countries’ transition to flexible green grids and other clean power solutions. This comes ahead of the 2021 United Nations Climate Change Conference, COP26, Read more…
The importance of climate finance to Africa will take the center stage as the African Development Bank (AfDB) and the Association of African Development Finance Institutions (AADFI) are hosting a virtual workshop. It is themed: “Mainstreaming Climate Finance Actions in Read more…
The African Development Bank (AfDB) has instituted a new water policy for the continent with water security and transforming them into green assets the main goals. The policy aims to promote Africa-wide attainment of a minimum platform of water security, Read more…
African nations have been urged to preserve their arable lands to promote food security. Senegalese President Macky Sall was speaking at the recently held food security dialogue. Sall said African nations must not cede their arable land to third countries Read more…
African nations and key financial institutions have pledged $17 billion to increase food security in the continent. They made this pledge at the end of the two-day high-level dialogue tagged Feeding Africa: leadership to scale up successful innovations – hosted by Read more…