The Latest Breaking News from African Development Bank

The African Development Bank has moved to fast-track Zimbabwe’s $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe’s reforms. The bank is leading efforts to clear Zimbabwe’s crippling debts.

Egypt’s preparation are underway for the annual meetings of the African Development Bank (AfDB) in Sharm El-Sheikh next May. Egypt's President Abdel-Fattah El-Sisi affirmed on Tuesday his country’s keenness on maintaining African interests in all forms and at all levels. Sisi met with the African Development Bank Chairman Akinwumi Adesina…

African leaders called on Monday for their counterparts from richer, polluting nations to increase funding for projects to help them adapt to climate change.

Rich countries said they will spend about $25 billion by 2025 to boost Africa’s efforts to adapt to climate change as the continent continues to struggle with drought, cyclones and extreme heat, according to officials at a summit in Rotterdam in the Netherlands on Monday

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 relief.

Multilateral and bilateral lenders on Wednesday made a series of pledges to support Ivory Coast's 2021-25 Development Plan totalling $26.1 billion, Prime Minister Patrick Achi said.

Families across Africa are paying about 45% more for wheat flour as Russia's war in Ukraine blocks exports from the Black Sea

With nine out of the 10 countries in the world most vulnerable to climate change coming from the continent, Africa faces a particularly stark existential threat. But in the race to make Africa’s development climate resistant, there is also determination, innovation and cooperation. Our team went to Ghana’s capital Accra,…

A source told Reuters that emergency volumes will be sourced from Nigeria and Morocco.