The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
Representatives from four African countries today called for a balanced approach to growing debt vulnerabilities to help low-income African countries meet their commitments to lenders.
African Development Bank President Akinwumi Adesina has reaffirmed stronger ties and increased support for Congo during a three-day visit to the Republic of Congo on 12 May 2019.
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program.
Mozambique: African Development Bank comes through with climate risk insurance solutions post cyclone
“We are committed to supporting Mozambique to seek sustainable solutions to climate vulnerabilities, through access to sustainable financial products”Atsuko Toda – Bank Agriculture, Finance and Rural Development Director
Nigeria: Investors say African Development Bank’s Special Agro-Industrial Processing Zones will drive agricultural revolution
Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SAPZ) initiative, describing it as a pathway to Africa’s agricultural revolution.
At a meeting with the African Development Bank President in Abuja, Nigeria’s President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution.