The African Union adopts ten-year strategy and action plan to transform Africa's agri-food systems and ensure food security
13 January 2025
The African Union (AU), has adopted a new agricultural development strategy that will see the continent increase its agrifood output by 45 per cent by 2035 and transform its agri-food systems as part of its new plan to become food secure in a decade.
Côte d’Ivoire becomes EBRD shareholder
2 January 2025
- Côte d’Ivoire has become the EBRD’s 76th shareholder
- Côte d’Ivoire has expressed interest in applying for recipient country status
- In 2023 the EBRD’s Board of Governors approved a limited and incremental expansion to sub-Saharan Africa and Iraq
Tunisia: African Development Bank grants a loan of over €80 million to upgrade road infrastructure in seven of the country’s governorates
6 January 2025
The African Development Bank has granted Tunisia a loan of €80.16 million to implement the next phase of the country’s road improvement scheme.
Africa’s debt burden eroding funds for sustainable development in LDCs
Africa’s rising debt burden is eroding funding for sustainable development in the Least Developed Countries (LDCs), impacting heavily on health and education, says Ms. Oyebanke Abejirin, Economic Affairs Officer, at the Macroeconomics, Finance & Governance Division of the UN Economic Commission for Africa.
Extraordinary Summit on the Post Malabo Comprehensive Africa Agriculture Development Programme (CAADP)
What: The African Union Commission is organizing the Extraordinary Summit on the Post Malabo Comprehensive Africa Agriculture Development Programme (CAADP). The Extraordinary Summit will be hosted by the Government of Uganda.
When: 09 –11 January 2025
Where: Kampala, Uganda- Speke Resort Conference Centre.
Organizers: The event is organized jointly by the African Union Commission, Department of Agriculture Rural Development Blue Economy and Sustainable Environment (DARBE) and African Union Development Agency- New Partnership African Development (AUDA-NEPAD)
African Ministers Endorse Landmark Strategies to Underpin Climate Resilience, Promote Alternative Fuels
5 December 2024
African Ministers of transport and energy endorsed five ambitious strategies aimed at underpinning climate resilience and enhancing the sustainability of infrastructure across the continent. These strategies align with the African Union’s (AU) vision to promote sustainable development, tackle climate change, and drive economic growth through clean energy solutions, safer air transport, and efficient resource use.
Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024
The African Development Bank Group facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum on Wednseday 4th December 2024.
Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential
The Africa Investment Forum 2024 Market Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco from 4 to 6 of December, 2024
African Development Fund releases $81 million dollars for construction of road linking Guinea and Senegal to promote integration and trade
The Board of Directors of the African Development Fund approved a loan of $80.93 million to Senegal and Guinea for the construction of a new interstate road linking Labé and Mali in Guinea with Kédougou and Fongolembi in Senegal.
African Development Bank and partners plan to make Abidjan-Lagos corridor highway a potent economic and industrial hub
The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of the Spatial Development Initiative promoted by the African Development Bank.
This 1,028-kilometre transnational coastal motorway will connect Côte d'Ivoire to Nigeria, while crossing through Ghana, Togo and Benin. Work is due to commence in 2026 and is earmarked for completion in 2030, the African Development Bank revealed at an online workshop held on Thursday 22 November with all the partners associated with the project.