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Introduction: In the rich and diverse tapestry of Africa’s economic landscape, cooperative societies stand as the vibrant threads that weave communities together, foster entrepreneurship, and drive local development. Recognizing their pivotal role in shaping the continent’s future, Africa Prime Funding Grants (APFG) has emerged as a beacon of hope and opportunity, offering financial grants that …

Empowering Cooperative Societies: Africa Prime Funding Grants (APFG) Read More »

The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement on 2 August 2023 for the implementation of the country’s Climate …

Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production Read More »

Financing   Objectives   Components Target area and population  The project entails the construction of a grid-connected solar photovoltaic power plant near the town of Dekemhare 40 km southeast of the capital Asmara, and to increase the capacity to supply clean and affordable electricity.  Expected outcomes  Beneficiaries The Government of Eritrea is the beneficiary of …

Eritrea: The African Development Bank Board approves US$49.92 million to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare Read More »

In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country. Approximately $16 million has been allocated to finance this strategic initiative, which targets …

African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia Read More »