The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa. The Group comprises the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). AfDB provides loans and grants to African governments and private companies investing in the regional member countries (RMC) in Africa. It is owned and funded by member governments, and has a public-interest mandate to reduce poverty and promote sustainable development.
World Bank suspends Mali development aid
Mar 22 - France24
Nigeria: AfDB Explains Delay in Disbursing U.S.$700 Million SMEs Fund
Feb 15 - AllAfrica News
Ghana: AfDB, WCO Sign Pact to Strengthen African Customs
Feb 02 - AllAfrica News
Kenya: Geothermal Project to Receive Sh10 Billion Funding Boost
Jan 27 - AllAfrica News
Tunisia: African Development Bank Supports Economic Recovery
Jan 24 - AllAfrica News
Kenya: Sh15 Billion Loan from AfDB for Power Generation
Dec 30 - AllAfrica News
Tanzania: Nation Secures Sh434 Billion From AfDB and WB
Dec 22 - AllAfrica News
East Africa: EADB Will Have to Quit Tanzania Once U.S.$137 Million Award Is Enforced
Dec 05 - AllAfrica News
Rwanda: Bank of Kigali Gets Credit Line From African Development Bank
Nov 18 - AllAfrica News
Nigeria: Bauchi Disburses N24 Million Income Generation Packages
Oct 22 - AllAfrica News
Rwanda: Afdb Pledges More Support for ICT Centre
Oct 18 - AllAfrica News
East Africa: AfDB Gives U.S.$8.15 Million for Burundi, Rwanda,Tanzania Railway Project Study
Oct 11 - AllAfrica News
Africa: AFDB Gives U.S.$7.5 Million to African Capacity Building
Oct 03 - AllAfrica News
Kenya: Shilling Seen Hitting 110 Against the Dollar
Sep 26 - AllAfrica News
South Sudan: ADB to Support Animal and Fisheries Sectors
Sep 26 - AllAfrica News
South Africa: Eskom Signs Two Loan Agreements for Wind Project
Sep 26 - AllAfrica News
Kenya: Shilling to Hit 110 Level, Warn AFDB Experts
Sep 25 - AllAfrica News
Cote d'Ivoire: Development Partners Stand With Country in Reconciliation, Recovery
Sep 25 - AllAfrica News
Kenya: AfDB Reduces Economic Growth Forecast
Sep 23 - AllAfrica News
African Union pledges drought aid
Aug 25 - AL JAZEERA
By Reuters UK
The head of the African Development Bank said on Sunday he is willing to provide $45 million in budget financing for Malawi to help new President Joyce Banda revive the struggling economy. (Apr 23)
MORE TOPICS: IMF, HUMAN RIGHTS, MALAWI, INTERNATIONAL MONETARY FUND
By IBTimes
The military junta that seized control of Guinea-Bissau last week said on Thursday that they will hand power to civilian government in two years. (Apr 19)
MORE TOPICS: UNITED NATIONS, ELECTIONS, ANGOLA
By Reuters UK
The World Bank and the African Development Bank suspended millions of dollars of aid to Guinea-Bissau on Thursday, stepping up pressure on the leaders of a military coup in the West African state to hand back power to civilians. (Apr 19)
MORE TOPICS: HUMAN RIGHTS, UNITED NATIONS, ELECTIONS
By Reuters UK
Irish rock star Bob Geldof has raised $200 million (126 million pounds) for his "8 Mile" African private equity fund, cementing a shift in his global anti-poverty crusade from rich world debt forgiveness to promoting private enterprise. (Feb 13)
MORE TOPICS: RETAIL, INVESTMENT, LONDON
By IBTimes
The volatility, panic, and the resulting tightening of investors' purses that dominated credit markets for much of 2011 is giving way to calm, creating a flood of cash from investors now confident enough to put their money back into corporate bonds. (Jan 20)
MORE TOPICS: ABN AMRO, FIXED-INCOME, EUROPEAN UNION, INVESTMENT, CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, TOYOTA, STORM
By IBTimes AU
Gold output from small-scale producers in Zimbabwe has helped the African country's overall deliveries to rise for November by contributing over 50 percent to total output, according to a recent report by the African Development Bank (AfDB). (Dec 12)
By Reuters
A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a "critical stage" with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday. (Nov 16)
MORE TOPICS: CHINA, MANUFACTURING, ZIMBABWE, AIDS, INVESTMENT, IMF, GDP, SOUTH AFRICA, INTERNATIONAL MONETARY FUND, INFECTION
By Reuters
The African Development Bank (AfDB) on Wednesday applauded Uganda's four percentage point interest rate hike aimed at taming rampant inflation and said the cycle of monetary tightening was expected to trim economic growth in 2011. (Oct 05)
MORE TOPICS: UGANDA, SOMALI PIRATES, TUNISIA
By Reuters
It is in U.S. business' own interest to support the role of multilateral development banks as they try to bolster global growth, Treasury Secretary Timothy Geithner said on Tuesday. (Sep 27)
MORE TOPICS: TIMOTHY GEITHNER, ASIAN DEVELOPMENT BANK, EMERGING MARKETS, INVESTMENT
By IBTimes Africa
South African power Eskom signed two loan agreements worth a total of $365 million with the African Development Bank on Sunday, which will enable it to implement a renewable wind and solar generator, the electricity parastatal said. (Sep 26)
MORE TOPICS: ESKOM
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