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AfDB adds seven FIDIC documents to its project finance bidding

FIDIC has granted the AfDB licence to refer to seven FIDIC contracts for projects they finance, which can form part of the Bank’s bidding documents.

AfDB sanctions $20m investment in Metier Fund to unlock SSA growth

The Metier Sustainable Capital Fund II will channel investments to renewable energy and resource-efficient infrastructure projects in sub-Saharan Africa.
fossil fuels

Coal projects risk becoming “stranded assets”, says AfDB

The AfDB joins a plethora of top banks, insurers and development finance institutions, which are throttling back on investments in coal projects.

AfDB signs $250m RPA with ABSA bank

The AfDB has signed an unfunded $250m Risk Participation Agreement facility with ABSA - a pan-Africa financial institution.

AfDB celebrates historic capital increase

The approval of a landmark $115 billion increase in capital from the AfDB for the continent’s foremost financial institution, confirms the shareholders faith in Africa and the Bank.

AfDB approves a landmark $115 billion increase in capital

Governors of the AfDB, representing shareholders from 80 countries, have approved a landmark $115bn increase in capital for the continent’s foremost financial institution.
Angola oil and gas

Angola: AfDB approves $165m for economic diversification

On Tuesday, the AfDB Group approved a $165m loan to finance a portion of Angola’s three-year economic diversification support programme.

AfDB, New Development Bank to co-finance African projects

The AfDB and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.
Low-carbon economy

AfDB, Japan to promote sustainability bond markets in Africa

The African Development Bank and Japan’s Government Pension Investment Fund have signed a partnership to promote environmental, social and governance investments in the global capital markets.

AfDB President receives Emeka Anyaoku lifetime achievement award

Former Commonwealth Secretary-General Emeka Anyaoku has presented a Lifetime Achievement Award to the African Development Bank President Akinwumi Adesina.

No room for coal in Africa’s renewable future, says AfDB President

AfDB President Akinwumi Adesina has unveiled ambitious plans to scrap coal power stations across Africa and switch to renewable energy.

AfDB launches $2 billion Global Benchmark

The African Development Bank, rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a $2bn 3-year Global Benchmark bond due 16 September 2022.

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