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In the African Development Bank's (AfDB) 2022 Annual Report, a decrease in Africa's GDP growth to 3.8%, down from 4.8% the previous year, was recorded. The 16th replenishment of the African Development Fund (ADF-16), which provides soft loans and grants, served as a significant financial enhancement, gathering US$8.9 billion.
2014 – Congress formally changed the Foundation's name in 2014 from the African Development Foundation (ADF) to the United States African Development Foundation (USADF) to reinforce that USADF is a U.S. federal government agency and not an NGO and to further differentiate USADF from the African Development Fund and African Development Bank.
The Africa Climate Change Fund, often known as the Fund or ACCF, is a multi-donor trust fund that is specifically designed to support the African Development Bank's (AfDB) efforts to finance climate change three times as much as possible while also advancing the bank's mission to create an Africa that is resilient to climate change.
Funding was finally secured through the African Development Fund (ADF) of the African Development Bank (ADB), which contributed US$ 65 million as lead lender for the project. [ 7 ] [ 8 ] The remaining funding was approved for the project by the Alliance for Patriotic Reorientation and Construction government of Gambia; who state that no ...
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Madagascar: the African Development Fund (ADF) decided on 17 January on a grant of nine million dollars for the fight against AIDS and sexually transmitted diseases, with which Madagascar will provide blood transfusion safety and better access to preventive and curative care.
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In 2023, it was announced that African Development Fund (ADF) would assist the Eritrean government in constructing the country's first utility-scale solar plant in Dekemhare. [7] It was reported in 2023 that the Eritrean government would take control of Don Bosco Technical School