ECONOMY
Nouakchott, Mauritania – 29 June 2025 In a major boost to private sector development in Mauritania, the African Development Bank (AfDB) has approved a comprehensive €25.5 million trade finance facility for Générale de Banque de Mauritanie (GBM). The financing package is designed to expand access to credit for small and medium-sized enterprises (SMEs) and women […]
AFRICA
The African Development Bank Group (AfDB) has announced the election of Sidi Ould Tah as its ninth president, signaling a new chapter for one of Africa’s most influential financial institutions. Sidi Ould Tah was elected by the AfDB’s Board of Governors, a body consisting of finance ministers, economy ministers, and central bank governors from the […]
AFRICA
In a compelling demonstration of youthful innovation and entrepreneurship, the African Development Bank’s (AfDB) 2025 Annual Meetings spotlighted inspiring agripreneurs transforming Africa’s agricultural landscape. The event, hosted on May 26, featured remarkable stories of young individuals leveraging agribusiness opportunities, supported notably by AfDB’s Enable Youth program. Koffi Amani François Xavier, a dynamic 30-year-old entrepreneur from […]
ZAMBIA
Over 460,000 people in Zambia will soon benefit from improved water and sanitation services, thanks to a $132 million loan from the African Development Fund. This investment aims to address the critical challenges of water supply and sanitation in urban and peri-urban areas. The project will focus on upgrading water supply infrastructure, expanding sanitation facilities, […]
BUSINESS
The African Development Bank (AfDB) has once again secured the top position in the Aid Transparency Index for its sovereign portfolio. This recognition highlights the Bank’s unwavering commitment to transparency and accountability in its operations and aid distribution. The Aid Transparency Index, an annual ranking by Publish What You Fund, evaluates the transparency of aid […]
SCIENCE
The African Development Bank (AfDB) and the International Financial Reporting Standards (IFRS) Foundation have signed a letter of intent to enhance sustainability disclosure practices across Africa. This agreement, made during the AfDB’s 2024 Annual Meetings in Nairobi, aims to improve transparency and accountability in the region’s financial markets. Kevin Kariuki, AfDB Vice President for Climate, […]