African Development Bank

AfDB boss Dr Adesina defends Africa’s agritech

The AfDB president told a conference in Durban this week Africa has the necessary partnerships and technologies to eradicate hunger.
Staff Writer

MFS Africa crowned ‘Fintech of the Year’

The company received the top accolade at the African Banker Awards, after being recognised for outstanding contributions to Africa’s fintech industry.

Investing in Africa: A local partner makes all the difference

Much of Africa’s potential for growth is rooted in its problems - the real-world challenges people face daily.
May 2, 2023

African Development Bank puts muscle behind fintech growth

The bank will provide funding and technical assistance to the Africa Fintech Network to create a fintech hub.
Apr 11, 2023

ADF to fund ID system for financial services in West Africa

The $8 million funding will go towards the establishment of a digitally interoperable unique bank identification system.

Liberia gets $3.9m ADF grant to modernise payments infrastructure

The project is aimed at upgrading automated cheque processing and automated clearing house systems, as well as real-time gross settlement system.

Nigeria commits $618m for digital skills, job creation

I-DICE will support 451 tech start-ups, 226 creative enterprises and 75 enterprise support organisations, and the benefits to Nigeria’s economy are pegged at $6.4 billion.

Nigeria launches i-DICE program to spur entrepreneurship

The program seeks to promote entrepreneurship in support of government’s job creation efforts.
Feb 17, 2021

Moroccan energy firm nets US$965,000 AfDB grant

Société d’Ingénierie Energétique (SIE) will use funds to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa.
Dec 9, 2020

Deal signed to advance Africa’s energy transition

The International Renewable Energy Agency and the African Development Bank agree to support investment in the continent’s low carbon energy projects.
Oct 20, 2020

Tanzania to receive US$50.7m COVID-19 crisis budget

The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2%.

A solar boost for power-strapped mobile subscribers

Possibility of 'pay-as-you-go' approach for solar panels raised at African Development Bank meeting in Zambia.