Egypt, AfDB sign deals to study renewable energy-powered desalination plants
Egypt signed two agreements on Sunday with the African Development Bank (AfDB) to conduct technical studies for a…
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AfDB
Egypt, AfDB discuss expanding development financing ties
The governor of the Central Bank of Egypt (CBE) met on Sunday with the president of the African Development Bank…
Egypt in talks with global lenders to shield budget from energy price shock
Egypt is working around the clock with international partners and financial institutions to secure concessional…
Egypt signs $170m AfDB funding, $400K grant for Abu Rawash
Egypt signed a $170 million financing agreement with the African Development Bank (AfDB) to support private sector…
Egypt, Scatec, global lenders sign intent letters for solar project powering Egyptalum
Egypt signed letters of intent on Monday with Norway’s Scatec ASA and several international development banks to…
Egypt’s Al Mashat, Meridiam discuss progress on flagship wind plant
Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al Mashat held talks with…
Egypt ranks 2nd in AfDB Public Service Delivery Index
Egypt ranked second in the African Development Bank’s (AfDB) 2024 Public Service Delivery Index, scoring 58.99…
Egypt’s c.bank governor leads delegation to AfDB Annual Meetings in Abidjan
Central Bank of Egypt (CBE) Governor Hassan Abdalla is heading Egypt’s delegation to the African Development Bank’s…
AfDB to elect new president amid funding challenges
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, as…
El-Sisi, AfDB chief discuss boosting development, private sector role in Africa
Egyptian President Abdel Fattah El-Sisi met on Monday with African Development Bank (AfDB) President Akinwumi…
AfDB approves €6m to advance Burkina Faso solar project
The African Development Bank (AfDB) has approved a €6 million concessional financing package to support the…
AfDB approves $1b loan for S. Africa’s Transnet
The African Development Bank (AfDB) has approved a $1 billion loan for South Africa's Transnet to support the…
World Bank to introduce $1b debut hybrid
The World Bank is planning to introduce a debut hybrid note worth up to $1 billion on the capital markets this…
AfDB calls for investment in SAPZs
Akinwumi Adesina, President of the African Development Bank (AfDB), called for investment in Special…
Saudi ACWA Power secures $123 mln to construct solar project in Egypt
Saudi Arabian utility developer ACWA Power announced on Wednesday that it has successfully secured a $123 million…
Climate change costs Tunisia $5bln loss, damage – AfDB
The climate change issues have costed Tunisia loss and damage of about $5 billion, according to the African…
Kenya to chair AfDB’s board of governors for one year
The Africa Development Bank (AfDB) has on Friday selected Kenya as the next chair of the board of governors for one…
South Africa’s Godongwana named Minister of Finance of the Year at AfDB Annual Meetings…
South Africa’s Finance Minister Enoch Godongwana has been named the Minister of Finance of the Year at the African…
Afreximbank awarded Bank of the Year at AfDB’s Annual Meetings 2023
The African Export–Import Bank (Afreximbank) has been named the 2023 Bank of the Year by the African Development…
AfDBAM2023: AfDB launches its Annual Development Effectiveness Review
The African Development Bank (AfDB) has just launched its Annual Development Effectiveness Review 2023 (ADER) on…
Fintech startups raise $250 million in Egypt: CBE sub governor
Fintech startups have raised $250 million in Egypt said Rasha Negm, Assistant Sub-governor of fintech, during the…
New financial technologies can unlock green finances in Africa: UNDP official
Introducing new financial technologies offers the potential to unlock green finance in Africa, said Aiaze Mitha,…
Africa’s climate finance discussed – African Economic Outlook 2023
The African Development Bank Group's (AfDB) vice president, Kevin Urama, has tackled on Wednesday the current role…
Africa offers private sectors investment opportunities in green development area
Africa offers the private sector trillion-dollar investment opportunities in green development sectors, including…
AfDB: Africa’s real GDP to grow 4.1% in 2023
Africa’s average real GDP growth is projected at 4.1 percent in 2023 from 3.8 percent in 2022, said African…
$1.5 bln renewable energy projects presented at AfDB’s 2023 meeting
The African Development Bank Group’s 2023 meeting witnessed on Tuesday the Africa Investment Forum (AIF) presenting…
Adesina addresses climate financing at AfDB’s 2023 annual meetings
Akinwumi Adesina, President of the African Development Bank Group (AfDB), addressed on Wednesday the issue of poor…
AfDB chief warns African leaders against selling lithium’s resources at lower prices
The African Development Bank Group’s (AfDB) president has warned leaders in Nigeria and other countries on the…
AfDB 2023 Annual Meetings: Egypt’s PM urges for critical review of Africa’s economic…
Egyptian Prime Minister Moustafa Madbouly has on Tuesday urged for a critical review of Africa's economic…
AfDB raises clean tech investments to 45% – UAE’s industry minster
The African Development Bank Group (AfDB) has raised clean technology investments to 45 percent, up from nine…
Sisi: Africa needs $200 bln annually for sustainable development
President Abdel Fattah al-Sisi said on Tuesday that Africa needs $200 billion to annually to reach sustainable…
AfDB launches AAA programme to mobilise $25 bln to confront climate change
The African Development Bank Group (AfDB) has launched the African Adaptation Acceleration Programme (AAAP) to…
Sisi: Africa needs $108 bln annually for infrastructure
Egypt's President Abdel Fattah al-Sisi said that Africa needs $108 billion each year for its infrastructure on…
Egypt c.bank governor urges financial innovation for better climate adaptation in Africa
Egyptian central bank governor Hassan Abdalla has called on Tuesday for further innovative financing mechanisms to…
Hassan Abdalla: Total flows cover only 12% of climate finance needed in Africa
Egyptian central bank governor Hassan Abdalla said on Tuesday that it is crucial to unlock additional resources to…
Insufficient climate financing is “choking” Africa – AfDB’s President
Akinwumi Adesina, African Development Bank Group (AfDB), emphasised on Monday the dire need for sufficiently…
AfDB aims to expand discussion with IMF over SDRs, debt relief
The African Development Bank’s (AfDB) chairman praised that it is important to expand the discussion around debt…
BREAKING: AfDB to support heat tolerant wheat varieties programme in Egypt
The African Development Bank (AfDB) is working with authorities in Egypt on a new programme to support the country…
Kenya’s 3rd green bond oversubscribed
Kenya’s third green bond was oversubscribed, announced president of the African Development Bank Group (AfDB),…
AfDB 2023 Annual Meetings to release AEO report
The African Development Bank Group (AfDB) will launch the 2023 edition of its flagship African Economic Outlook…