Africa: AfDB Invests m in TCX to Expand Local Currency Hedging in Africa

Africa: AfDB Commits 11 Billion Dollars to Support Early Warning Systems, Food Security in Rural Africa

Addis Ababa — As increasingly frequent droughts and devastating floods are affecting agricultural productivity, leaving millions of people food insecure in Africa amid a lack of climate finance, the African Development Bank (AfDB) has committed USD 11 billion to support various climate-resilient and infrastructure projects in rural areas. Climate change-induced humanitarian emergencies are materializing in…

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Africa: AfDB Signs Agreement to Mobilize b for Construction of Africa’s Largest Airport in Ethiopia

Africa: AfDB Signs Agreement to Mobilize $8b for Construction of Africa’s Largest Airport in Ethiopia

Addis Abeba — The African Development Bank Group (AfDB) has signed an agreement with Ethiopian Airlines Group to mobilize $8 billion for the construction of Bishoftu International Airport, which is set to become Africa’s largest airport upon completion. A ceremonial signing to formalize the arrangement was held in Addis Abeba today, attended by Lemma Yadecha,…

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Africa: AfDB Invests m in TCX to Expand Local Currency Hedging in Africa

Africa: Transparency Crucial to Ending Africa’s Illicit Finance – AfDB

ADDIS ABABA – Strengthening transparency in Africa’s natural resource sector is key to tackling illicit financial flows, illegal natural resource trade, and resource-backed lending, the African Development Bank Group (AfDB) has emphasized. The Bank has concluded the Chad leg of its GONAT initiative training and policy dialogue titled “Unlocking Africa’s Wealth: Curbing Illicit Financial Flows…

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Africa: AfDB Invests m in TCX to Expand Local Currency Hedging in Africa

Africa: AfDB’ s President Calls for Enhanced USA Investment in Africa

Addis Ababa, — President of the African Development Bank (AfDB), Akinwumi Adesina called for the USA to increase its investment in Africa. The U.S.-Africa Business Summit is underway in Luanda, Angola’s capital. Organized by the Corporate Council on Africa (CCA) in collaboration with the Angolan government, the U.S.-Africa summit will cover opportunities for expanding U.S.-Africa…

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