AfDB Shareholders Approve $115bn Capital Increase   The governors of the African Development Bank, representing shareholders from 80 countries, have approved $115bn increase in capital for the continent’s foremost financial institution. The approval was made at an extraordinary shareholders meeting held on Friday in Abidjan. The capital increase,...

AfDB Announces Largest Capital Increase Of $208bn   The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125 per cent jump from $93 billion to $208 billion. AfDB President, Akinwumi Adesina, hailed “a historic day” for the bank and...

AfDB Partners Global Firm On Youth Empowerment     The African Development Bank (AfDB) and Seedstars World, a Swiss-based start-up in emerging markets, have announced a strategic partnership to implement innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line...

AfDB, New Development Bank Partner To Fund Projects Across Africa   The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development...

AfDB Okays $500,000 Grant For NEAF   The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by...

AfDB Signs Pact To Boost Fertilizer   The African Development Bank and the African Fertilizer and Agribusiness Partnership have signed two grant agreements for the implementation of fertilizer trade credit guarantee projects in Nigeria and Tanzania. The signing was held on the sidelines of the African Green...