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AfDB accords 3.5 million US dollars for Electricity interconnection between CAR and the DRC

The total cost of these activities is $ 5.97 million and will be financed up to 59.16% by the African Development Fund (ADF-15), the Bank Group's concessional rate lending window....
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AfDB approves deal to renovate Bangui airport

The first phase of the project (PAMAB-I), whose implementation is underway, was approved in November 2019. It is 100% financed by the Bank from the resources of the African Development...
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Chad records increase in non-oil tax revenues and private sector investments during the 2018-2019 period, with the support of the African Development Bank

“The disruptions in international trade and the drop in demand for oil and other raw materials, coupled with restrictive internal measures to prevent and protect against the pandemic, have led...
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CÉMAC’s unified financial market prepares IPOs

It should be noted that the second phase of the CEMAC financial market merger project initiated in July 2019 concerns: the reform of the regulatory framework relating to market activities...
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Congo-Cameroon Optic fibre inter-connection works launched

The second phase of the Central Africa Backbone (Cab-Congo) project, of approximately 347km of fiber, was officially launched on August 8 in Ntam, a border town, by the Congolese Minister...
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CEMAC in search of 2400 billion FCFA for sub regional integration

From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects...
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Chad seals 36 billion FCFA deal with AfDB to mitigate Covid 19 shocks

For Issa DOUBRAGNE, Minister of Economy, Development Planning and International Cooperation, these donations, which are added to the panoply of donations made by the ADB group, testify to the excellence...
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AfDB predicts gloomy economic outcome for Gabon

According to forecasts from the African Development Bank, the health crisis linked to Covid-19 should lead to a slowdown in the process of diversification and industrialization, given the decline in...
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AfDB releases Central African Economic Outlook Report today

One of the AfDB's flagship publications, this report provides an overview of the economies of Central Africa through a regional approach to development. The theme of the third and new...
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Covid-19: Africa’s economic growth estimated at 3% in 2021

Hanan Morsy, Director of the AfDB's Macroeconomic Policy, Forecasting and Research Department, says the Africa Economic Outlook 2020 Supplement shows that for the first time in half a century, Africa...
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Jules Ngankam named Head of African Guarantee Fund

About his career, Jules Ngankam has "more than 15 years of experience in the field of banking and financial services within leading financial institutions", writes our colleague. Before joining the...
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Chad seals two financial deals for Development

The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to...
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African Development Bank approves 100.5 million euros budget support for COVID-19

Bank analysts warn that Gabon, like much of the globe and the rest of the continent, could fall into recession in 2020, and estimate a negative real GDP growth rate...
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Cameroon seals agreements with AfDB to strengthen Electricity connection and Aquaculture with Chad

The Minister of Economy, Planning and Regional Development has sealed three loan deals with the African Development Bank to finance some priority projects in the country. Alamine Ousmane Mey who...
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