High-level mission to visit Egypt this week to advance industrial decarbonisation
A high-level delegation from the Climate Investment Funds, World Bank, African Development Bank, European Bank for…
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African Development Bank Group (AfDB)
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 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…
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…
Egypt approves AfDB Shift to SOFR in benchmark rate overhaul
Egypt has ratified an agreement with the African Development Bank (AfDB) to replace the London Interbank Offered…
AfDB to invest $300m in Egypt’s private sector in 2025 – planning minister
The African Development Bank (AfDB) plans to channel $300 million into Egypt’s private sector in 2025, with a focus…
AfDB grants $400k for Liberian pension sector reform
The African Development Bank Group (AfDB) has approved a $400,000 grant for the Liberia Pension Sector Intervention…
Egypt secures $131m from AfDB
Egypt's Ministry of International Cooperation recently signed an agreement with the AfDB worth $131 million to…
AfDB calls for investment in SAPZs
Akinwumi Adesina, President of the African Development Bank (AfDB), called for investment in Special…
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…
AfDB, ASEA sign agreement for $600k grant to expand network of linked African exchanges
The African Development Bank Group (AfDB) and the African Securities Exchanges Association (ASEA) have signed an…
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…
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 0.2% shares of global green bonds need to get higher- AfDB Chief
Africa’s shares of global green bonds represent 0.2 percent of two trillion dollars, said president of the African…
Hassan Abdalla at AfDB Meetings: Mitigating risks key to unlock full potential of private…
Egyptian central bank governor Hassan Abdalla has on Wednesday stressed on the importance of mitigating risks and…
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: Somalia requires financial mechanisms to support economic…
Somali Prime Minister Hamza Abdi Barre said on Tuesday that the state requires dedicated financial mechanisms to…
Egypt’s central bank receives wide praise for hosting AfDB Annual Meetings 2023
The Central Bank of Egypt (CBE) has received a wide praise for hosting the Africa Development Bank’s (AfDB) Annual…
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…
Egypt continues its leading support to Africa – Sisi
Egypt’s President Abdel Fattah al-Sisi said on Tuesday that the North African country continues to support efforts…
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…
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…
AfDB shares its projects in East Africa region
The African Development Bank Group (AfDB) has shared its projects in East Africa region on Monday, which cover…
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…
AfDB aims to raise $10 bln from private sector investment
The African Development Bank Group’s (AfDB) president, Akinwumi Adesina, said that the bank is seeking to mobilise…
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…
President of Zimbabwe heads to Egypt for AfDB Annual Meetings 2023
President Emmerson Mnangagwa of Zimbabwe is heading to Egypt to join over 3,000 delegates at the 58th Annual…
58th AfDB Annual Meetings kicks off in Egypt’s Sharm El Sheikh
The 58th Annual Meetings of the Board of Governors of the African Development Bank Group (AfDB) and the 49th…