AfDB

The African Development Bank will commit $10 billion over the next five years to boost food production on the continent and help end its reliance on imports. “The population of Africa will rise to 2 billion by 2050, and they must be fed,”…

Africa is losing 5% to 15% of its per capita economic growth due the effects of climate change and is facing a gaping climate finance shortfall, according to the African Development Bank (AfDB). Africa has been hit disproportionately hard…

The UK has agreed to guarantee $2 billion of the debt the African Development Bank has extended to governments on the continent, allowing the lender to free up finance for climate-related projects. The additional lending capacity will be…

Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food…

A R135 billion power plant in South Africa won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said. Cost overruns at the 4 764 megawatt Medupi…

ABIDJAN (Reuters) - The African Development Bank has postponed to an unspecified date its planned Dec. 1-3 investment forum in Abidjan, Ivory Coast, due to health concerns and travel restrictions over the Omicron coronavirus variant,…