The Board of Directors of the African Development Fund has approved a grant of US$6.73 million to Mozambique in Abidjan on 13 September 2023 to support the implementation of the Institutional Support Project for Business Environment and Governance. Its first component is aimed at improving the business environment, including through capacity strengthening of the delivery
The Board of Directors of the African Development Fund approved a donation of US$5.3 million to the Central African Republic in Abidjan on 6 September 2023 to contribute to the implementation of the Resource Mobilisation and Transparency of Development Policies Support Project. The support comes from Pillar 1 of the African Development Fund’s Transition Support
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
Five African Development Bank Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the ADF from its next replenishment cycle
The African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The Institutional Support for Digital Payments and e-Commerce Policies for Cross-Border Trade Project (IDECT) will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin,
The Board of Directors of the African Development Fund has approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA). The AfCFTA Secretariat opened its doors in Accra, Ghana, on August 17, 2020, with initial support of $5 million to set up the Secretariat, the programs, and
