News Feed - African Development Bank Group: Recent Episodes
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The African Development Bank Group and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries.
The prestigious TIME Magazine has named the African Development’s Vice President for Finance and Chief Financial Officer Hassatou Diop N’Sele as one of the key “catalysts for climate change” in its second annual TIME100 Climate List.
African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually.
A new landmark initiative focusing on fostering self-reliance through social support services, support to entrepreneurs and building their business skills is set to impact thousands of vulnerable youth and women in The Gambia.
The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade.
WHAT: Africa Day High-Level Side Event at COP29WHO: African Union Commission, African Development Bank Group, United Nations Economic Commission for Africa, the New Partnership for Africa’s Development Agency (AUDA-NEPAD), African Government Representatives
What: African Development Bank Group’s 60th Anniversary Celebration - Six Decades of Regional Transformation in the Southern Africa RegionWho: African Development Bank GroupWhen: 22 November 2024Where: Summer Place, Hyde Park, Sandton
At the 34th International Conference of the Red Cross and Red Crescent Movement, the African Development Bank and the International Committee of the Red Cross (ICRC) co-convened a high-level panel discussion joined by the Islamic Development Bank (IsDB) on building long-term resilience, ensuring sustainable impact and...
The African Development Institute, the training and learning arm of the African Development Bank Group, recently conducted workshops in four member countries – Central African Republic, Guinea-Bissau, Somalia, and South Sudan – to finalize tools designed to enhance development effectiveness.
The African Development Bank Group’s Board of Directors has approved a €5 million Trade Finance Transaction Guarantee Facility for Ecobank Centrafrique.
The world’s largest annual climate conference opens in Baku, Azerbaijan, on Monday, with African nations ramping up efforts to tackle climate change. At COP29, the African Development Bank aims to mobilize additional resources for climate action in Africa and launch a bold new approach to assessing African...
The Mano River Union (MRU) Secretariat, African Development Bank and the United Nations recently held a senior-level meeting in Abidjan, Côte d’Ivoire, to reaffirm their shared commitment to tackling fragility and strengthening resilience across West Africa.
The Board of Directors of the African Development Bank Group approved on 5 November a package of $17.97 million to Cameroon and Chad to bolster efforts to stabilise the Lake Chad Basin, a region long plagued by insecurity as well as deeply affected by climate change.
In a powerful address during the 2024 Kofi Annan Eminent Speakers Lecture, President Michael D. Higgins of Ireland emphasized the urgent need for global collaboration to tackle the intertwined crises of climate change, mounting debt, and food insecurity in Africa.
The African Development Bank has been awarded the Special Jury Grand Prix at the inaugural Finance Your Cities (FYC) Innovation Awards for its groundbreaking Adaptation Benefits Mechanism (ABM).
What: 24th Meeting of the African Water Facility Governing CouncilWho: African Water FacilityWhen: 7-8 November 2024; 9 AM to 5 PM GMT dailyWhere: Noom Hotel, Abidjan, Côte d’Ivoire
In Africa, some 63 million children suffer from stunted growth, and another 13 million face other forms of malnutrition. In Asia, the crisis is even greater as global agricultural production is devastated by floods and other extreme weather events.
The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d'Ivoire to boost the development of fisheries and aquaculture value chains. This funding will enable the country, which has been undergoing rapid growth, to increase the sector's contribution to the blue economy, both...
What: African Development Bank Group to participate in COP29Who: Dr. Akinwumi A. Adesina, President of the Africa Development Bank Group, Bank senior management team, sector directors and managersWhen: 11-22 November 2024Where: Baku Stadium, Baku, Azerbaijan
WHEN: 06 November 2024 (virtual)The African Development Bank Group will host a High-Level Ministerial Meeting on “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa,” on 6th November 2024, from 10:00 - 14:00 GMT.
The African Development Bank outlined a strong case for accelerating Nature-based Solutions (NbS) for Climate Resilience in Sub-Saharan Africa during a side event at the recently concluded COP16 Biodiversity Conference in Cali, Colombia.
Three years ago, Amaka Scovia’s small fruit and juice business in South Sudan’s capital, Juba, was stuttering. Her prospects looked bleak as she faced constant challenges. The small rented retail space she operated in could only fit ten people at a time, making growth difficult.
“One day, in the operating theatre, there was a power cut́ in the middle of a laparotomy [opening of the abdomen] for a case of pelvic peritonitis. We had to finish the operation using a torch. It was very hard.”
What: Advancing the Wheat Sector Transformation in Africa through the Technologies for African Agricultural Transformation Initiative and Private Sector EngagementWho: African Development Bank Group
What? Mid-Term Review of the African Development Fund (ADF-16)Who? African Development FundWhen? From 8 to 10 October 2024Where? Cotonou, Benin
The Board of Directors of the African Development Bank Group has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA).
The Board of Directors of the African Development Bank Group has approved a $25 million loan to Seychelles to implement the first phase of the Economic Resilience and Green Recovery Support Programme aimed at economic governance management across the archipelago.
The United Nations Women organisation has named the African Development Bank Group President Dr. Akinwumi Adesina a HeForShe Champion for his work promoting gender equality in Africa.
The African Development Bank Group and The Children's Investment Fund Foundation (CIFF) today signed a Letter of Intent formalizing a commitment to establish the End School-Age Hunger Fund, with an initial pledge of $50 million from CIFF.
The Board of Directors of the African Development Bank Group has approved an African Development Fund (ADF) grant of $19.8 million for the Sudan Refugee Crisis Response Project in South Sudan (SRCSSP).
The African Development Bank Group has approved a €6 million concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank, to accelerate the completion of Burkina Faso’s Dédougou photovoltaic solar project in support of the Bank's
Angola’s President João Manuel Lourenço and African Development Bank Group head Dr Akinwumi Adesina have met in the capital Luanda to discuss a wide range of measures introduced by the Angolan government to rapidly transform the economy.
The Board of Directors of the African Development Bank Group has approved a grant of $5.28 million to South Sudan to help create much-needed jobs for young people and women. The ‘Job Creation through Youth and Women-led Micro and Small Enterprises (JMSE) Project’ receives the African Development Fund grant under the Transition...
The Board of Directors of the African Development Fund has approved $134.71 million to support infrastructure development and improve water resources on the border between the Central African Republic (CAR) and the Democratic Republic of Congo (DRC).
What: The Africa ESG Forum 2024Who: The African Development Bank, Multilateral Cooperation Center for Development Finance
It used to take five hours for Fatima Meftah Abudhair and her son, Abdelmuen Salah, to travel from Tripoli,...
United Nations Secretary-General António Guterres and top UN officials met with the Heads of Multilateral Development Bank (MDB) Group on Sunday in a joint effort to better support countries in accelerating progress towards achieving the Sustainable Development Goals (SDGs) by 2030.
The Board of Directors of the African Development Bank Group on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness program.
What: Regional Consultation on Multisectoral Nutrition Policy Framework for the Eastern Africa RegionWho: The African Union Commission (AUC) and African Leaders for Nutrition (ALN)When: 30 September – 1 October 2024...
The African Development Bank has urged Development Finance Institutions (DFIs) and other development partners to scale up innovative partnerships and initiatives to build peace and security in Africa, home to eleven of the world’s most conflict-affected states.
The African Development Bank Group, the Aliko Dangote Foundation, the Children’s Investment Fund Foundation (CIFF), and the Rockefeller Foundation are hosting a roundtable discussion on the theme: “Leveraging the African Development Bank Group and Philanthropies’ Strengths and Capital to Seize Africa’s Opportunities for...
The Board of Directors of the African Development Bank Group approved a loan of $67.3 million to Madagascar on 20 September 2024 to implement the first phase of its economic growth-inducing Financial Management and Resilience Support Programme for 2024-2025.
Africa50, the African Development Bank and the OPEC Fund for International Development on Thursday signed a Letter of Intent with the Government of Madagascar (LoI) to scale up the country’s bioethanol production capacity.
As the world convenes in New York this week for the United Nations General Assembly (UNGA 79), Africa’s 1.2 billion people will be counting on their participating leaders and pan-African institutions like the African Development Bank Group to lead the...
In a groundbreaking move ahead of Climate Week NYC, a coalition of global organizations comprising the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL), and The Rockefeller Foundation has announced their support for an ambitious initiative to provide electricity access...
Multilateral development banks (MDBs) including the African Development Bank announced today that their collective financing for climate action hit a record high of $125 billion in 2023, more than doubling levels in 2019, when MDBs agreed new targets at the United...
Africa50, the investment platform established by African governments and the African Development Bank, is exceeding expectations and closing critical infrastructure funding gaps through innovative financing mechanisms and strategic partnerships, stakeholders heard on Thursday.
African ministers and government officials in charge of infrastructure and transport called on the African Development Bank on Thursday to step up support and lead efforts to promote closer integration across the continent and create the world’s largest free trade area.
A three-day workshop co-hosted by the African Development Bank and the Systematic Observations Financing Facility (SOFF) concluded on September 13, focusing on infrastructure gaps in Basic Weather Observation Networks and enhancing climate resilience across...
It is early morning in Tunis. Yahya Bouhlel, 27, founder of a start-up, GoMyCode, has just arrived from London, for...
The African Development Bank Transport Forum, which is taking place in Abidjan from 18 to 20 September, set the tone from the outset by highlighting various challenges to be tackled in the sector, proposing solutions and outlining future prospects.
The African Development Bank, the African Union Commission, the United Nations Environment Programme (UNEP), and the United Nations Convention to Combat Desertification (UNCCD) brought together African ministers of environment in Abidjan to adopt the Abidjan Declaration, a commitment to j
The African Development Bank, the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), and the Pan African Climate Justice Alliance (PACJA), brought together key stakeholders in Abidjan to align Africa’s climate action priorities ahead of the COP29 conference.
What: Policy Dialogue African Development Bank Group Youth Community of Practice Platform (Y-COP) on "Achieving Food Sovereignty Through Youth-Driven Smart Agriculture"Who: The African Development Bank Group (AfDB)Where: Virtual
The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank to address climate vulnerability in the Horn of Africa.
What: 60th Anniversary commemoration Who: African Development Bank Group and partnersWhen: 9-10 September 2024Where: Abidjan and online
WHO: The African Development Bank, the Africa Fertilizer Financing Mechanism, the African Union Commission, the African Union Development Agency–New Partnership for Development, AGRA, and the U.S. State Department’s Deputy Envoy for Global Food Security.
What: African Development Bank Group’s 2024 Development Evaluation Week.Who: The Independent Development Evaluation (IDEV) at the African Development Bank, in collaboration with other departments and units of the Bank.When: 17-19 September 2024, from 09h30 to 16h00 GMT.
The African Union Commission (AUC) and the African Development Bank Group's African Leaders for Nutrition (ALN) initiative, in collaboration with the government of Senegal, have launched a series of regional consultations that aim to transform nutrition policy and financing and end malnutrition across Africa.
The African Development Bank-supported AfriCircular Innovators Programme has selected 30 small and medium enterprises to receive financing and technical assistance to scale up circular economy initiatives.
What: Launch of the Africa Urban Sanitation Investment InitiativeWho: African Development Bank Group, African Water Facility, and Continental Africa Water Investment Programme (AIP)When: 27 August 2024; 10:00 – 14:00 CET
What: Webinar on Harnessing Regional Energy Governance for Central Africa’s Energy SecurityWho: The University of Delaware’s Energy and Environmental Policy Program, and the Energy Policy, Regulation and Statistics Division of the African Development Bank Group
WHAT: Africa Food Systems SummitWHO: Alliance for a Green Revolution in Africa (AGRA) and Africa Food Systems ForumWHEN: 2 – 6 September, 2024WHERE: Kigali, Rwanda
What: World Water Week: Presentation of Joint ReportWho: The African Development Bank, the South African Water Research Commission, and Human Right 2 WaterWhen: Sunday 25 August 2024, 7:00 – 9:30 (GMT+2)Where: Stockholm, Sweden
The African Development Bank Group (AfDB Group) held a capacity-building workshop between July 10 and 12, to improve management and monitoring of projects financed or co-financed by the Bank in Senegal. The workshop, a joint initiative by the Bank’s country office in Senegal and its Disbursement Division, took place...
From August 5 to August 13, 2024, representatives from seven African cities visited the Brazilian cities of Sao Paulo, Fortaleza and Curitiba, to discover inspiring solutions being implemented by local authorities to promote sustainable urban development.
Representatives of the African Risk Capacity (ARC) Group and the African Development Bank have presented a cheque to the government of Malawi for an insurance payout of $11.2 million, to support the country’s recovery from a devastating drought arising from a weather condition known as El-Nino.
Burundi’s largest electricity substation, a 160 megavolts facility in Rubirizi, financed by the African Development Bank Group and the European Union, will increase the country’s electricity-connected population by 7 percent when completed.
Algeria’s economic recovery is strengthening and its gross domestic product (GDP), which increased by 3.6 percent in 2022 and 4.2 percent in 2023, is set to be 4.0 percent in 2024 and 3.7 percent in 2025, according to the African Development Bank Group’s Country Report 2024, which will be officially presented in...
The African Development Bank Group has awarded a $400,000 grant to Benin's Ministry of Economy and Finance to enable it to diversify and increase proceeds from sustainable bond markets, to support the implementation of national development and green transition plans.
America’s largest organization of journalists and media-related professionals of colour has named the African Development Bank Group a “Salute to Excellence Award” winner for Bank communications observing International Women’s Day and its “Gender in Focus” series.
The Board of Directors of the African Development Bank (AfDB) has approved a financing package of 92.3 million euro for the implementation of the Tunisian government’s Support Program for Business Competitiveness and Empowerment of the Population through Job Creation (CAP-Emplois).
The Board of Directors of the African Development Bank Group has approved a $10 million junior equity investment in the KawiSafi II Fund to help local businesses create and expand climate projects that aid vulnerable communities.
What: Governing Natural Resource Outflows for Enhanced Economic Resilience in Fragile and Transitional Countries (GONAT) Project Validation Workshop of Country Diagnostic Reports on governance of natural resources.
The Board of Directors of the African Development Bank Group has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia.
What: Regional Consultation on Multisectoral Nutrition Policy Framework for the West Africa RegionWho: The African Union Commission (AUC) and African Leaders for Nutrition (ALN)When: 19 – 20 August 2024Where: Dakar, Senegal
What: Webinar on the regulatory role in water and sanitation sector financingWho: African Development Bank Group, Eastern and Southern Africa Water and Sanitation Regulators Association (ESAWAS)When: 8 August 2024 | 10.00 – 11.30 am GMT
The Board of Directors of the African Development Fund granted a loan of $13.2 million to Zambia in Abidjan on 17 July 2024 to implement innovative measures and improve access to drinking water, sanitation and hygiene for 460,000 people in Kabwe and Bauleni. The project also aims to strengthen the resilience of the...
The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional window, approved on Thursday a loan of $60 million to the Republic of Benin to finance the second phase of the country’s Economic Governance and Private Sector Development Support Programme.
The Board of Directors of the African Development Bank Group has approved a $135 million package to the Union of the Comoros – its largest ever to the Indian Ocean archipelago – to finance a major maritime and regional trade project.
The Board of Directors of the African Development Bank Group has approved a $39.2 million loan to Burkina Faso for a project to boost skill development and resilience among young people, particularly women.
The Board of Directors of the African Development Bank Group have approved a loan of US $26.55 million to Togo to implement the second phase of the Agro-Food Processing Zone Project.
The Country Office of the African Development Bank Group in Benin - one of Africa’s leading cotton producers - organised a workshop in Cotonou on 31 July 2024 to provide feedback about a study on private sector players bringing fresh momentum to the country’s textile industry.
Uganda Hosts African Finance Ministers for Climate Finance Mobilisation SummitThe African Development Bank has underscored the urgent need for increased private sector involvement in climate finance at a key meeting of African finance ministers.
The calls for structural economic transformation in Africa date back to the 1960s when newly independent nations aimed to eliminate poverty through economic diversification, sustained growth, and job creation. This agenda persists today, as Africa continues to face significant developmental challenges.
The implementation of the United Nations’ Agenda 2030 for sustainable development and the African Union’s Agenda 2063
The African Development Bank has signed a $20 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The deal, signed on 31 July 2024, reinforces the Bank’s commitment to fostering private sector development and boosting infrastructure across the continent.
African Development Bank Executive Director Rufus N. Darkortey has concluded a five-day working visit to Liberia, where he held high-level discussions with major stakeholders, including President Joseph Nyuma Boakai.
The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP), a new program aimed at accelerating transformation of the country’s...
The African Development Bank Group has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act as an indispensable tool for policy makers, government and development partners.
The Board of Directors of the African Development Bank Group has approved a $400,000 emergency grant to support the Comoros’ response to severe flooding and a cholera outbreak that hit the archipelago between February and June.
The Board of Directors of the African Development Bank Group has approved a loan of $79.08 million to the Republic of Angola to promote youth entrepreneurship and employment in the agriculture and transport sectors.
The African Development Bank Group has reaffirmed its commitment to supporting Guinea’s efforts to diversify its economy and mobilize domestic resources for crucial development projects.
The African Development Bank has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address fragility and build resilience across the continent.
Ghana’s President Nana Akufo-Addo and African Development Bank Group head Dr. Akinwumi Adesina joined dignitaries from Africa and the Arab world on Sunday for a ‘Leaders’ Breakfast’ celebrating the 50th anniversary of the Arab Bank for Economic Development in Africa (BADEA).
The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for the continent’s development needs at the African Union.
What:Public Finance Management Executive Training Series on Domestic Revenue Mobilization
The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans.
With the planting season fast approaching, Mozambican farmers are busy preparing their fields. Fertilizer is crucial for a successful harvest, and many farmers are lining up to secure supplies.Mozambique's planting season kicks off in September, when the southern provinces receive their first rains, while the...
Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank’s sovereign portfolio as the most transparent.
The African Development Bank has successfully concluded a two-day preparatory workshop on implementing the African Ports Connectivity Portal Project (APC-PP) to improve data collection and connectivity among the continent’s ports.
What: African Development Bank President Adesina to address 6th Mid-Year Coordination Meeting of the African Union (AU)Who: African heads of state, AU Commission, African Development Bank Group President Akinwumi Adesina, Regional Economic Communities, and Regional MechanismsWhen: 21 July 2024
The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture.
The Board of Directors of the African Development Bank Group has approved a $46.2 million grant to support the first phase of the Climate Resilient Agri-Food System Transformation Programme in South Sudan. This initiative aims to boost agricultural productivity, improve food security and enhance the...
Esther Kimani was a 2022 YouthADAPT winner in 2022, and on June 13, in Nairobi, Kenya, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering. YouthADAPT is sponsored by the African Development Bank and the Global Center on Adaptation under the Africa Adaptation...
What:2024 African Development Bank Transport ForumWho:
These are exciting times in Mauritania. This nation connecting West and North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected.
The people of the Union of the Comoros are celebrating the completion of a major road that will open up its agriculturally rich areas and provide reliable access to its popular tourist centres.Thousands of Comorians turned up to witness the official opening of the $30 million road artery financed entirely by the African...
The African Development Bank participated in an “Integrating Renewables in Energy Transitions” event in Hammamet, Tunisia, from May 21 to 24, 2024.
A high-level donor delegation that included the African Development Bank has expressed strong admiration for the Cabo Verde Tech Park during a recent visit, highlighting its rapid growth, full occupancy, and role in diversifying the country's economy.
Your Excellency Azali Assoumani, President of the Union of the Comoros,The Honourable Moustadroine Abdou, Speaker of the National Assembly,Sheikh Aboubacar Djamalillail, Grand Mufti of the Comoros,Sheikh Salim Saïd Athoumane, President of the Supreme Court,Members of the Government (new and outgoing),Governors of the Islands,
African Development Bank Vice-President for Regional development, Integration and Business Delivery, Marie-Laure Akin-Olugbade has completed a mission to Angola in which she held several strategic, high-level dialogue sessions with authorities of the country. The talks provided the foundation for the...
The African Development Bank has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024.
Africa is set to benefit from improved customs technologies to boost intra-African trade.
Night has fallen on Sèmè-Kpodji, a lively town on the shores of the Atlantic Ocean, in south-east Benin. Many of the city’s residents are still busy working, including Fatima Hounkanrin, 30, who runs a small shop selling tomatoes, pepper, soap, drinks and other household goods. Thanks to new street-lighting in the area,...
The African Development Bank (ADB) Group Board of Directors has approved a grant of $17 million to the Islamic Republic of Mauritania to implement the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women's Entrepreneurship (French acronym PCVASGEF).
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, approved a $19.95 million grant for an initiative to provide livelihood for Sierra Leone’s women and youth.
The African Development Bank launched a project on 26 June aimed at mapping 160 women entrepreneurs’ associations in 16 African countries.
Women farmers living in one of Zambia’s critically important forest regions – the Kafue Sub-Basin – recently completed a training programme, supported by the African Development Bank and the Climate Investment Funds (CIF), on how to earn income from forest-friendly activities.
To improve the management and monitoring of the projects it finances or co-finances in Madagascar, the African Development Bank conducted a two-day training for Malagasy government officials involved in the supervision of these tasks.
The African Development Bank is looking to partner with Japanese firms to advance its strategic priorities of value addition to raw materials and increasing productivity in key sectors across Africa, Bank leaders said during meetings with several major trading houses in Tokyo.
Transcription from the original interview: https://edition.cnn.com/2024/06/25/world/video/marketplace-africa-african-development-bank-akinwumi-adesina-spcDr. Akinwumi Adesina
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a loan of US $14.04 million to Guinea for implementation in the country of the Industrial Development and SME Resilience Support Project.
What: Regional Consultation on Multisectoral Nutrition Policy Framework for Eastern and Central Africa, and Workshop on Continental Nutrition Accountability Scorecard (CNAS)Who: Government of Uganda, African Union Commission, African Development Bank’s...
An African Development Bank delegation in Tokyo on Monday 17 June held meetings at the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), with Mr. Takashi Koyari, Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, as well as representatives of several Japanese ministries and corporations.
The African Development Bank has secured more than $18 million in funding from the Global Environment Facility (GEF) for two major projects aimed at bolstering environmental sustainability and resilience across Africa.
The African Development Bank’s Urban and Municipal Development Fund (UMDF) has expanded its African Cities Program to cover six new cities across the continent.
On a misty morning in rural Cote d’Ivoire, Delphine Papo deviates from her usual routine. Instead of trekking 4 kilometers through the fog to her cocoa plantation, she’s headed to a special class. The Watté United Brothers Cooperative (SCUW) is hosting a demonstration of cocoa tree fertilization, and Delphine...
The African Development Bank and the African Solidarity Fund (ASF) have signed a letter of intent to strengthen the two institutions’ working relationship and synergy.
What: Seminar for French-speaking civil society organizations in West and Central AfricaWho: Independent Review Mechanism of the African Development Bank, United Nations Development Program (UNDP)When: Monday, 24 and Tuesday, 25 June 2024; 9 am to 4pm (GMT)
Representatives from the Japanese business association Keizai Doyukai and the African Development Bank Group met in Tokyo on Tuesday to explore deepening private sector cooperation and investment in Africa.
The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit's capital base and attract institutional investors’ resources to help close Nigeria's infrastructure financing gap.
Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank's strong support to manage risks, African Development Bank Group leaders stressed at the Japan-Africa Business Forum in Tokyo.
The Board of Directors of the African Development Fund has approved an additional $10 million from the Global Agriculture and Food Security Program (GAFSP) to implement activities and scale up the impact of the Smallholder Agriculture Development for Food and Nutrition Security project in Liberia.
The African Road Maintenance Funds Association (ARMFA) held its Annual Meeting in Abidjan from 13 to 16 May 2024. The Prime Minister of the Republic of Ivory Coast, Mr. Robert Beugré Mambé, officially opened the meeting on 13 May 2024.
An emergency wheat production project in Sudan financed by the African Development Bank and executed by the United Nations World Food Programme (WFP) has increased wheat production in the country by up to 70% in targeted project locations across five states within the past year.
The African Development Bank’s investments in The Gambia’s energy sector have significantly improved access to affordable and reliable electricity, with at least 70% of Gambians projected to have power by the end of 2024 (50% in rural areas), according to a recent Bank country progress report.
Following the signing of a Memorandum of Understanding between the African Development Bank and the International Committee of the Red Cross in December 2023, representatives of both institut
What: Launch of Agri-SME Support Program implemented under the Agri-Food SME Catalytic Financing Mechanism (ACFM) Technical Assistance WindowWho: African Development Bank, Open CapitalWhen: Thursday, 20 June 2024, 13:00 – 14:30 GMT
Joint Press Statement betweenMs. Giorgia Meloni, Prime Minister of Italy, andDr. Akinwumi A. Adesina, President of the African Development Bank GroupG7 Heads of State and Government Summit,Apulia, Italy, 15 June 2024
The African Development Bank has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024.
The African Development Bank's African Development Institute on Thursday launched the African Debt Managers Initiative Network (ADMIN), a new program to provide home-grown solutions to Africa's debt challenges.The inauguration and first peer learning event took place in Addis Ababa under the...
An African Development Bank delegation led by three vice presidents will visit Japan from 17-21 June to promote investment opportunities in key African sectors and strengthen partnerships with the Japanese government and corporations.
G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation.
What: Launch of Civil Society Organizations Women Business Associations Mapping ProjectWho: The African Development Bank’s Gender, Women and Civil Society DepartmentWhen: 26 June 2024 @ 10:00 a.m.-11:30 a.m. Abidjan Time (GMT)
The African Development Bank Group has launched a series of training programmes to support 22 Transition or fragile states in Africa to manage their debt more effectively.
During a side event at the African Development Bank's Annual Meetings titled "Climate Change and Green Growth: Working Towards a Sustainable and Climate-Conscious Future," the Bank’s Director for Climate Change and Green Growth Professor Anthony Nyong highlighted the significant market potential of Nationally...
The Board of Directors of the African Development Bank Group has approved a grant funding of $8.6 million to South Sudan to advance the second phase of the Non-Oil Revenue Mobilization and Accountability Project (NORMA II).
The African Development Bank, through the Climate Investment Funds (CIF), ran a capacity-building session for civil society and private sector organisations on gender mainstreaming in development policies and projects, and the establishment of gender-sensitive benefit-sharing mechanism
Nestled in the southeastern region of Africa, Malawi is blessed with diverse landscapes, from the plains of the central region to the Shire Highlands in the south, and the Nyika and Viphya Plateau in the north.However, behind its natural beauty lies a pressing issue: water security.
What:Launch of Fertilizer Financing for Sustainable Agriculture Management Project in MozambiqueWho:The Africa Fertilizer Financing Mechanism
The African Development Bank Group and the government of Ethiopia, in partnership with the Netherlands, fertilizer company OCP-Africa, and the Global Center on Adaptation (GCA), have launched an ambitious project to transform Ethiopia from a wheat importer to a self-sufficient producer and exporter.
What:Series 2: Public-Private Partnership Procurement Process in ContextWho:
The African Development Bank has appointed Chioma Angela Onukogu as the Director of Board Affairs and Proceedings in the Office of the Secretary General and the General Secretariat, effective 16th April 2024.
As part of its 2024 Annual Meetings, the African Development Bank held a high-level session with a broad range of representatives from the African scientific community, to discuss the African Renaissance Institute for Science and Technology (ARIST) implementation project,...
The African Development Bank has appointed Max Magor Ndiaye as Senior Director of Syndications, the Africa Investment Forum and Client Solutions, effective 12th June 2024.
The African Development Bank has appointed Dr. Léandre Bassole, a seasoned economic development specialist, as Deputy Director General for the East African Region, effective June 1, 2024.
The African Development Bank Group has appointed Lamin Barrow, an economist, as the Director General for the West Africa Region, effective June 1, 2024.
WHAT: Policy dialogue on public debt management in transition states and the inauguration of the Africa Debt Managers Initiative NetworkWHEN: Transition states event: 11-12 June 2024, 09:00 to 18:00 EAT (GMT+3)
The African Development Bank Group has published highlights of its purchasing power parities (PPP) findings for Africa, following the International Comparison Program (ICP)’s release of its 2021 and revised 2017 results on May 30th.
In a packed auditorium at the renowned Chatham House, African Development Bank President Dr. Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasizing Africa’s untapped potential and abundant opportunities.
The African Development Bank and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The partnership aims to equip 3 million Africans and 30,000 government officials with AI skills.
At a session organised on Thursday 30 May 2024 by the African Development Bank (AfDB) Group as part of its 2024 Annual Meetings in Nairobi, debates focused on rethinking how clean energy projects are financed in Africa.
The African Development Bank Group’s updated Integrated Safeguards System (ISS), approved by the Board of Directors on 12 April 2023, has come into force since 31 May 2024.
A consortium, including the African Development Bank, has signed an agreement to extend $94 million in senior debt funding to PMD Assetco Limited (PMD) for the construction and operation of a floating dock ship repair facility in Ghana’s western Takoradi port.
The Republic of Korea will commit $14 billion in export financing to support Korean companies investing in Africa while increasing its official development assistance (ODA) to $10 billion by 2030.
Your Excellencies,I wish to thank the government of Korea for the kind invitation to attend this first Korea-Africa Summit.Korea is a great example of what can happen when vision is matched with determination and a resolve to develop, with resilience, against all odds.The ‘Hunan River miracle’ was powered by Korea’s determination to develop with pride.
Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food systems based on diverse, nutritious, and climate-adapted crops grown in healthy soils.
WHAT: Career and Business Opportunities Forum for Kuwaiti Consultants, Contractors, and SuppliersWHO: Minister of Finance and Minister of State for Economic Affairs and Investment, and the Governor of the State of Kuwait at the African Development Bank Group
The African Development Bank and the Government of Rwanda have signed a partial credit guarantee agreement to support Rwanda's mobilisation of financing for green and social initiatives.
The Board of Governors of the African Development Bank Group has approved a $117 billion (88.1 billion Units of Account) General Callable Capital Increase for the African Development Bank to preserve its lending capacity and respond to the requirement of a credit agency. The approval increases the Bank’s authorized...
The independent sanction mechanisms put in place by the African Development Bank (AfDB) to improve its governance, control and accountability are effective but still face major challenges. Such was the opinion expressed on Tuesday, 28 May 2024 in Nairobi by the judges who sit on various...
The Africa Investment Forum has launched a series of investment roundtables to overcome Africa's project bankability challenges and, ultimately, bridge its infrastructure investment gap. The Roundtables will showcase key players currently focused on project development and bankability in Africa.
A Kampala-based commercial bank with a “mission critical focus” to provide financial services to vulnerable women entrepreneurs has been named the “AFAWA Bank of the Year” at the African Banker Awards.
Representatives from the Kingdom of the Netherlands and the African Development Bank Group this week discussed further details of the Dutch government’s recent $27 million financial commitment to the Africa Disaster Risk Financing Program Multi-Donor Trust Fund.
The African Development Bank Group Vice President for Agriculture, Human and Social Development joined finance ministers and representatives from Comoros, Djibouti, Somalia and South Sudan for the signing agreement for a $35 million project to build resilience and responses to climate shocks. The signings...
Your Excellency Honorable Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs,Honorable Professor Njuguna Ndung′ u, Cabinet Secretary for National Treasury and Economic Planning of Kenya and the African Development Bank Governor for Kenya, and Chairperson of the African Development Bank Boards of Governors,
It is essential to find innovative solutions for managing the debt of African countries, taking proactive measures to secure development financing for Africa, according to members of the panel speaking in Nairobi on Tuesday at a side event during the African Development Bank Group’s Annual Meetings, which are...
The African Development Bank Group has released its Annual Report for 2023, painting a picture of improved financial performance and robust support to its member countries across Africa.
The latest edition of the Annual Development Effectiveness Review (ADER), released on Thursday, highlights the African Development Bank Group’s critical contributions to the continent’s development priorities in 2023.
Dr. Akinwumi Adesina, the president of the African Development Bank Group, today unveiled an ambitious five-point programme to attract much-needed private sector investment to accelerate Africa’s economic transformation and meet the challenges of a host of interlocking global crises.
With $200 billion invested in development projects across the continent since its establishment in 1964, the African Development Bank Group is leading the charge in transforming Africa’s development landscape, as a solutions bank.
I am thrilled to announce that effective from May 31st, 2024, the African Development Bank Group's updated Integrated Safeguards System (ISS), approved by the Board of Directors on 12th April 2023, will come into full effect!
Your Excellency Dr. Willian Samoei Ruto, President of the Republic of Kenya,Your Excellency Mr. Denis Sassou Nguesso, President of the Republic of Congo,Your Excellency Mr. Paul Kagame, President of the Republic of Rwanda,Your Excellency Mr. Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe,
African Development Bank Group Vice President Marie-Laure Akin-Olugbade has commended the Horn of Africa Initiative for reaching $10 billion in total commitments in its nearly five years of existence.
African financiers have outlined how the recent pandemic, COVID-19, and the challenges of the climate crisis have provided opportunities to transform the continent.
The African Development Bank Group unveiled its new Ten-Year Strategy 2024–2033 today, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity.
The African Development Fund has launched the second call for proposals through its Climate Action Window (CAW) on the sidelines of the 59th Annual Meetings of the Board of Governors of the African Development Bank Group currently underway in Nairobi.
What: African Development Bank Annual Meetings side event: Africa and the G20 Brazilian PresidencyWho: The African Development Bank, Brazilian Foreign Ministry, Inter-American Development BankWhen: Thursday 30 May 2024; 3.30 PM - 4.30 PM East Africa Time (GMT+3)
What: African Development Bank 2024 Annual Meetings side event: Post Dakar 2: Achieving Food Sovereignty and ResilienceWho: The African Development Bank, African Government representatives, development partners and private sector investors
The African Development Bank Group’s upcoming Annual Meetings in Nairobi are a golden opportunity to showcase the Bank’s successes as a catalyst for Africa’s transformation.
What: Third Meeting of Heads of Regional and Continental Institutions to strengthen collaboration for mobilizing capital for regional investments and deeper integration.
The Board of Directors of the African Development Bank Group approved a loan of $240 million to Mauritius in Abidjan on 22 May 2024 to implement the second phase of the Economic Competitiveness and Resilience Support Program.
The Board of Directors of the African Development Bank Group approved the mid-term review of the Country Strategy Paper (CSP) 2022-26 for Rwanda in Abidjan on 21 May 2024. The progress during the first half of the implementation period has been significant.
African heads of state have committed to supporting the full operationalization of the Africa Fertilizer Financing Mechanism, a step that will empower it to invest in yield-boosting technologies and soil health initiatives, finance infrastructure and logistics to enhance fertilizer availability and market access for Africa’s...
What: Virtual Capacity Development Academy (VCDA) Learning Edge Insights webinar: “Digital Catalysts in Africa: Learning Platforms as Engines for Capacity Development and Knowledge Exchange”Who: The African Development Institute of the African Development Bank Group
Your Excellency, Dr. Fahad Aldossari, Chair of the Board of Directors of the Arab Bank for Economic Development in Africa,Your Excellency, Dr. Sidi Ould Tah, President of the Arab Bank for Economic Development in Africa,Honorable Ministers, Heads of Delegations,Members of the Board of Governors,Members of the Board of Directors,
What: Seminar on Innovative Financing and Resource Mobilization for Climate-resilient Water and Sanitation InvestmentsWho: African Development Bank Group, African Water Facility, Republic of NamibiaWhen: Wednesday, 22 May 2024 | 10:20 AM – 11:50 AM Indonesia...
Jolting hammer blows, the sounds of iron bars under a workman’s blowtorch, the odor of fresh cement: at the foot of the three-storey building rising in the Bacongo district of the Congolese capital, a sign tells visitors that a “National Data Centre Construction Project in Brazzaville” is happening here.
Benin and the African Development Bank officially launched the Project to Promote Sustainable Aquaculture and the Competitiveness of Fisheries Value Chains in Cotonou on 15 May 2024, to increase the contribution of fisheries and aquaculture sector to food security and local economies.
What: Launch of 2024 African Economic Outlook reportWho: African Development Bank President Akinwumi Adesina; African finance ministers and central bank governors; and international development partners When: Thursday, 30 May 2024; 9:00-10:00 AM Eastern African Time (GMT +3)
The African Development Bank Group (AfDB) and the Inter-American Development Bank (IDB) today welcomed the announcement by the International Monetary Fund’s Executive Board approving hybrid capital as an eligible instrument for channeling of Special Drawing Rights (SDRs).
When African Development Bank Group member states meet from 27 to 31 May in Nairobi, Kenya for the 2024 Annual Meetings, the question of African debt will be one of the key discussion points. The event’s theme is: “Africa’s Transformation, the African Development Bank Group and the Reform of the Global...
What? Training workshop to provide information and training to civil society organisations on the Africa Climate Change Fund’s procedures and the funding application processWho? African Development Bank GroupWhen? Friday...
The African Development Bank Group pledged $2 billion over 10 years towards clean cooking solutions in Africa—a major step along the road to saving the lives of 600,000 mainly women and children each year.
The Board of Directors of the African Development Fund on 15 May 2024 approved a $22.7 million budget support grant for Malawi to implement a national program to reform the agricultural sector and strengthen resilience to climate change.
The Board of Directors of the African Development Bank Group has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area.
Your Excellencies, Heads of State and GovernmentYour Excellencies, Heads of International Organizations,Honorable Ministers,Business Leaders,Distinguished Ladies and Gentlemen.Good morning!It gives me great delight to welcome you all to the Summit on Clean Cooking in Africa.
Kenya’s President William Ruto has intensified his campaign for a substantial replenishment of the African Development Fund, underscoring the transformative impact of the Fund-backed projects in the country. The Fund is the concessional window of the African Development Bank Group.
On the sidelines of the 2024 Stockholm Forum on Peace and Development, the African Development Bank and the Stockholm International Peace Research Institute (SIPRI) have signed a Memorandum of Understanding to further advance their collaboration.
Dr Akinwumi Adesina, the president of the African Development Bank Group, announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents and media houses that showcase Africa’s achievements and progress.
The President of the African Development Bank Group, Dr Akinwumi Adesina, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting it was critical for changing false narratives.
Development partners gathering in Paris on 14 May are expected to pledge towards the $4 billion needed to provide clean cooking access for 250 million African women by 2030.
The government of Madagascar and the African Development Bank have agreed to consolidate the mid-term results of the Country Strategy Paper 2022-2026 and to maintain its strategic directions until 2026.
Your Excellency, President Ruto, President of the Republic of Kenya,Honorable Ministers and Cabinet Secretaries,Members of the Diplomatic Corps,Eminent media business leaders and CEOs,Distinguished ladies and gentlemen,Good morning, everyone.I am delighted to address you today at this All-Media Leaders’ Summit.
Implemented in Malawi from 2018-2023, the Promoting Investment and Competitiveness in the Tourism Sector Project has significantly bolstered investment in the tourism sector, propelling economic growth and sustainable development, according to the African Development Bank’s Project Completion Report, published...
In the face of the triple crisis of climate change, pollution, and biodiversity loss, Africa finds itself at a pivotal moment. As it seeks to advance towards a green and sustainable future, the continent finds itself increasingly key to advancing the global climate action agenda.
This week, the African Development Bank Group will leverage its deep expertise and convening power to highlight the crucial role of agricultural technologies, fertilizer and healthy soils in driving sustainable agricultural growth at the Africa Fertilizer and Soil Health Summit in Nairobi.
What: World Bank Land Conference's side eventWho: African Development Bank through Africa Natural Resources Management and Investment Center, in collaboration with the International Land Coalition and the International Development Law Organization
The 2024 Industry Engagement Forum, themed "Unlocking Healthcare Value Chains and Driving Investment through Partnerships: Accelerating Equitable Access to Quality-Assured Sustainable Health Products," is set to take place from May 7-9, 2024, in Lagos, Nigeria.
What: Second Edition of the Innovate Africa Symposium: Strengthening Data Governance in the African Data EcosystemWho: The African Development Bank in collaboration with the National Institute of Statistics Rwanda extends an invitation to data governance experts, policymakers, researchers, and...
"Today, Africa has $640 billion in outstanding debt and pays nearly $70 billion in interest every year. It would only be fair for us to have a financing mechanism that treats us on an equal footing".
Dr Akinwumi Adesina, president of the African Development Bank Group, emphasised the urgent need for a “bold and innovative approach” from Multilateral Development Banks (MDBs) to effectively address the rapidly evolving challenges facing the world.
What:Event titled, “Finance, food and fertilizer: how the debt crisis affects food and farm inputs markets in Africa” on the sidelines of the Africa Fertilizer and Soil Health Summit.
What:Side Event on The State of the African Fertilizer and Soil Health: Policy, Governance, and Institutional Framework to Accelerate Country Food and Agriculture Delivery Compacts
What: An Industry Engagement Forum on unlocking healthcare value chains and driving investment through partnerships: Accelerating equitable access to quality-assured sustainable health productsWho: The Government of Nigeria, African Development Bank Group, International Finance Corporation and...
The Board of Directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value...
The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso.
The African Development Bank and the Permanent Interstate Committee for Drought Control in the Sahel (CILSS) have launched the second phase of the Programme to Build Resilience to Food and Nutrition Insecurity in the Sahel (P2-P2RS).
The 14th meeting of the African Taskforce on Food and Nutrition Development (ATFFND), held from April 3-5 in Mombasa, Kenya, brought together stakeholders dedicated to advancing nutrition across the continent.
Africa Fertilizer Financing Mechanism Governing Council praises special fund, administered by the African Development Group, for innovative financing solutions to boost fertilizer use and agricultural productivity in Africa and echoes call for more financing for the continent’s fertilizer sector.
African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs).
Your Excellency, my dear brother, Dr. Muhammad Al Jasser, President of the Islamic Development Bank Group,Distinguished ladies and gentlemen,I am delighted to be here to celebrate with you on the 50 years of the establishment of the Islamic Development Bank Group. Congratulations!
Tanzanian President Dr. Samia Suluhu Hassan has lauded the strong partnership with the African Development Bank Group, praising its contribution to the improvement of Tanzania’s roads.
The President of the African Development Bank Group Dr. Akinwumi Adesina has appointed career diplomat Ambassador Jalel Trabelsi as his Special Envoy for the Middle East and North Africa (MENA) and Gulf Region.Ambassador Trabelsi brings to the role over 30 years of experience as a highly accomplished and...
The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, crossing paths with the crowd heading to offices and a few morning tourists.
In a significant step to advance food security in Kenya, the Africa Fertilizer Financing Mechanism has launched a project that will help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers...
Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan at the African Development Bank.
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives.
In an era of transformative development, the African Development Bank Group stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure.
"The problem of financing will remain unresolved so long as the rules and practices of global economic and financial governance obstruct access for our countries to sizeable resources on sustainable terms."
Brazil has officially joined the Lusophone Compact, an initiative working to accelerate private sector development in Portuguese-speaking countries in Africa, known as the PALOPs (Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, São Tome and Príncipe).
Lesotho's civil society organizations (CSOs), operating under the umbrella of the Lesotho Council of NGOs, convened on March 21, 2024, to evaluate the African Development Bank's (AfDB) portfolio performance in the country.
The African Development Bank is pleased to announce the renewal of its dynamic Bank-Civil Society Committee for the 2024-2026 term. This diverse and carefully selected group embodies a wealth of experience and is ready to ensure that civil society contributes effectively to...
African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award-winning South African artist, Ami Faku.
What: Webinar on Mainstreaming Climate Change Adaptation and Resilience in Water Sector ProjectsWho: African Development Bank Group, Global Center on AdaptationWhen: 30 April 2024 | 12.00 – 1.30 pm GMT
Her Excellency, Simone Tibet, Minister of Planning and Budget and Brazil’s Governor to the Africa Development Bank Group, and our host,H.E. Luis Filipe Melo e Faro Ramos, the Ambassador of Portugal,H.E. Jacinto Januario Maguni, Ambassador of Mozambique,H.E. Jose Pedro Chantre D’Oliveira, Ambassador of Cabo Verde,
The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
African Development Bank Group President Akinwumi Adesina on Thursday called for more urgent action as climate change continues to wreak havoc in many African countries.
African Development Bank Group president, Dr Akinwumi Adesina is travelling to Brazil for a two-day official visit to meet with President Luis Inacio Lula da Silva, government officials and the business community to discuss investment opportunities in Africa.Brazil is keen to strengthen its economic cooperation with Africa...
What: Webinar on the West Africa Power Pool (WAPP)Who: The African Development BankWhen: Tuesday, 30 April 2024 @ 10:00 GMTWhere: Virtual, via Zoom
Launched in Gabon in 2019, the drinking water component of the Libreville Integrated Drinking Water Supply and Sanitation Programme (PIAEPAL) is entering its completion phase.
Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina said on Thursday.
Good afternoon. I wish to thank Minister Andrew Mitchell of the UK and Minister Schulze of Germany for convening this event.
The 2023 Africa Food Systems Summit held recently in Dar es Salam has called on African leaders to build better food systems and promote food sovereignty, with youth and women at the centre.
African Development Bank Group president Dr. Akinwumi A. Adesina will lead a delegation to the 7th KOAFEC Ministerial Conference in Busan, Republic of Korea.
African leaders ended the three-day Africa Climate Summit with a call to the global community to act with urgency in reducing emissions, honour a commitment to provide $100 billion in annual climate finance to developing countries, and swiftly operationalize the Loss and Damage facility agreed at last year’s COP27 in...
FundingApproval date: 6 September 2023.Project name: Support Programme for Reconstruction of Grassroots Communities, phase 2 (PARCB-2).Amount: donation of €12.62 million from the Transition Support Facility.
Administrative authorities in the Central African Republic will benefit from financial support from the African Development Fund to improve their employees’ working methods.
In Nairobi, African Development Bank president Adesina announced a new $1 billion fund to accelerate climate financing for Africa’s youth businesses.
What: Special Agro Industrial Processing Zones Program Phase II (SAPZ Phase II) Inception WorkshopWho: African Development BankWhen: Wednesday, 6 September 2023, 14:00-18:00 Abuja time Thursday, 7 September 2023, 13:00 – 17:00 Abuja time
President William Ruto, pictured here with youth delegates in Nairobi, urged young Africans to focus on bringing solutions to climate change.
African Development Bank president Akinwumi Adesina tours Misilam Dam and Adi Halo Water Project with Eritrean President Isaias Afwerki
What: Africa Food Systems Forum 2023Who: African Development BankWhen: 5 September 2023; 07:00 to 09:00 CATWhere: Julius Nyerere International Convention Centre, Ruaha Hall, Dar es Salaam, Tanzania
Adesina at the Africa Youth Climate Assembly: “The biggest risk on the continent is not investing in the youth. The youth need investment, not empowerment.”
What: Launch of the IEA-AfDB Joint Report on Financing Clean Energy in Africa Who: International Energy Agency and African Development Bank Where: Room SE5, the Kenyatta International Convention Centre, Nairobi, Kenya. When: 8:00 – 9:00 am East Africa Time, 6 September 2023
What: Seminar on readiness for the implementation of the enhanced transparency framework of action and support under the Paris Agreement for African countriesWho: African Development Bank, UN Climate Change, Government of Kenya and other partners of the Africa NDC Hub
What: Eleventh Conference on Climate Change and Development in Africa (CCDA – XI) - Green Growth and Climate Finance for Africa and the World Who: African Development Bank, African Union Commission, the United Nations Economic Commission for Africa and the Government of Kenya When: 1-2 September 2023
These young people in Senegal have turned their back on illegal immigration thanks to the support provided by the PAVIE project.
Participants in the Extractive Sector Modelling Workshop reported positive effects of the FIMES programme on the economies of their respective countries
What: High-level side event on Unlocking Finance and Creating an Enabling Environment for Youth Entrepreneurs and Innovators in Climate Action at the 2023 African Climate Summit
A partial aerial view of the Port of Bujumbura, which is about to be renovated and modernized.
Participants at the Financial Mobilisation for the Extractive Sector workshop held in Abidjan claimed that fossil fuels have not delivered the expected results and called on African governments to invest in renewable energy instead.
What: Africa Climate Summit 2023 Who: African Development Bank, UN Climate Change, Government of Kenya and others When: 4-6 September 2023 Where: Kenyatta International Conference Center, Nairobi, Kenya
What: Africa Climate Week Who: Government of Kenya, African Development Bank, UN Climate Change, and other development partners When: 4-8 September 2023
Over 1.6 million people on low incomes have been able to access electricity thanks to a project supported by the African Development Bank.
What: The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference Who: The African Development Bank Group, Ministry of Economy and Finance of the Republic of Korea, Korea Eximbank When: Tuesday, 12th – Friday, 15th September 2023
Liberia’s President George Manneh Weah has lauded the African Development Bank for its “significant” support in fostering growth and development in the West African country.
What:
African Development Bank delegation to attend the 7th Global Environment Facility Assembly
Who:
The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.
What:
Digital Climate Advisory Services Training to Support Climate Resilience for Smallholder Agriculture in Southern Africa
Who:
The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country.
Methodical, thoughtful and rigorous, Samia Ben Abdallah Ben Khalifa never rushes into anything. In 2019, the graduate of the National School of Architecture and Urban Design in Tunis launched her own business: AWA, for “Architect with Artisan”, a line of leather goods and various accessories.
Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities.
The African Development Bank Group has provided training on debt reporting, management and sustainability in Africa to financial sector experts drawn from several member countries.
The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI), housed and managed by the African Development Bank, affirming its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa.
The African Development Bank Group has expressed satisfaction with the implementation of its Country Strategy Paper (CSP) for Burundi for 2019-2023 based on an evaluation by a Bank team led by country representative Pascal Yembiline.
West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report.
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development Bank 2023 East Africa Economic Outlook.
What: 4th webinar on the role of legal support in effective debt management Who: The African Development Bank and the African Legal Support Facility When: Thursday, September14, 2023, 11 am – 12:30 pm (GMT)
African Development Bank Director General for Nigeria Lamin Barrow (third from left) received a National Diaspora Merit Award on behalf of Bank President Adesina from NIDCOM CEO Dr. Abike Dabiri-Erewa (fourth from left) during an awards ceremony held in Abuja.
The African Development Bank is joining forces with the United Nations Environment Programme to advance implementation of the Kunming-Montreal Global Biodiversity Framework in Africa (KMGBF). The framework sets out an ambitious pathway to reach the global vision of a world living in harmony with nature by...
The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The S&P Global Ratings assigned an AA-rating to the debut transaction, the highest rating for hybrid capital. The proposed...
North African countries are projected to see a slight increase in economic growth to 4.6 percent in 2023 and 4.4 percent in 2024, and should make green growth an urgent priority, according to the African Development Bank.
AfDB president Dr Akinwumi Adesina addresses partners during a meeting in Zambia, July 2023
Cabo Verde's Deputy Prime Minister and Finance Minister Olavo Avelino Garcia Correia and African Development Bank project lead Uyoyo Edosio at the signing of a loan agreement for €14 million to support development of the Cabo Verde Technology Park.
What? Launch of the report on the Regional Economic Outlook 2023 for Central Africa by the African Development Bank Who? African Development Bank Group When? Monday 31 July 2023, 14:30 to 16:30 (Central Africa standard time, GMT+1). Where? Online
What: 11th G-CoP Policy Dialogue Who: The African Development Bank Group and institutional partners When: 31 July 2023; 13:00-16:00 GMT (Western Hemisphere); 1 August 2023; 08:30-11:30 GMT (Eastern Hemisphere)
WHAT: Launch of the East Africa Economic Outlook 2023 WHO: African Development Bank, East Africa Regional Office WHEN: 27 July 2023, 14:00 EAT (11:00 GMT) WHERE: Virtual The African Development Bank Group will launch the East Africa Economic Outlook 2023 on Thursday, 27 July 2023.
The African Development Bank (AfDB), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has successfully priced an inaugural GBP 300 million (no-grow) 2-year Global Benchmark transaction, in a Social Bond format, due August 2025 at UKT 0.625% Jun-25 + 65bps.
The Southern Africa region has seen a slowdown in economic growth over the past year as its largest economy, South Africa, confronts multiple challenges. Civil unrest, electricity crisis and natural disasters have contributed to dampen prospects for the region, which is lagging behind the...
What:
Launch of African Development Bank’s Regional Economic Outlook 2023 Report for Southern Africa
Who:
The Co-Financing, Syndications and Client Solutions (FIST) department is proud to announce the 2022-23 Financial Products Handbook, an outstanding tool for increasing the origination of new transactions. This product will provide Bank Group task managers with quick project support when dealing with...
Development partners have committed to mobilize funding for a $900 million multinational power transmission line between Mauritania and Mali, connecting 620,000 people to electricity.
A productive working meeting in Abidjan on Tuesday between Senior Vice-President of the African Development Bank Group Bajabulile Swazi Tshabalala and a delegation from the World Bank led by Managing Director for Operations Anna Bjerde has resulted in a mutual agreement to identify key areas for intervention and...
The African Development Bank has signed on as a partner of the Women Deliver 2023 Conference, a multi-sectoral gathering for advancing gender equality. The conference will debut in Africa, from 17 to 20 July in Kigali, Rwanda.
The African Development Bank Group has appointed Ousmane Fall, a Senegalese national, as Director of Non-Sovereign Operations and Private Sector, effective from the 1st of August 2023.
A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.
The Board of Directors of the African Development Fund has approved a $101 million loan to finance the Rwanda Sustainable and Resilient Water and Sanitation Program – a policy-based operation to support Rwanda’s water and sanitation sector.
De la fonction publique au secteur privé, Béchir Afifi a cofondé avec deux amis, Fabskill, une plateforme web de recrutement qui compte aujourd’hui plus de 600 clients en Tunisie.
PROTOCOLS Good morning, everyone! I wish to congratulate BusinessDay on this year’s CEO Forum. Thank you for inviting me to deliver the keynote lecture at this event. I am a great admirer of the impeccable credibility, professionalism, and business savviness of BusinessDay. If you really mean business in Nigeria, start your day with BusinessDay!
The African Development Bank grants Côte d'Ivoire a €400 million partial credit guarantee to help it mobilize financings from commercial banks for strategic environmental, social and governance (ESG) projects.
Since late 2022, the government of Zimbabwe has been engaged in a concerted process to resolve its official debt and clear its arrears with international creditors, including the African Development Bank.
President of the United Republic of Tanzania H.E. Samia Suluhu Hassan and Bank Vice President Dr. Beth Dunford, with their respective delegations at Tanzania’s State House in Chamwino, Dodoma.
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has showcased hydropower as a key element of meeting the accelerating demand for renewable energy at the Africa Energy Forum held in the Kenyan capital.
African and global investors sign subscription agreements for Africa50 Infrastructure Acceleration Fund
WHAT: Launch of Tax Transparency in Africa 2023 report WHEN: Thursday, 6 July 2023 TIME: 09:00-13:00 South African Time (07:00-11:00 GMT)
The African Development Bank Group’s Board of Directors has approved a $7.88 million grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst Programme, which aim
Your Excellency Faure Gnassingbé, President of the Republic of Togo Your Excellency, Prime Minister Victoire Tomegah Dogbé Honorable Ministers, especially Sani Yaya, Minister of Economy and Finance Alain Ebobissé, CEO of Africa50 Members of the Boards of Directors of Africa50 Shareholders of Africa50 Partners of Africa50
Your Excellencies, Distinguished Guests, Ladies and Gentlemen. I am delighted to present to you today, the key findings of the African Development Bank Group’s African Economic Outlook 2023 report on “Mobilizing Private Sector Financing for Climate and Green Growth in Africa”, which is also the theme for the Annual Meetings.
The African Development Bank has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for African airlines. The sessions, held on 14 and 15 June, will support the Bank’s efforts to develop and adapt financing instruments to the continent’s aviation needs...
What:
Presentation of the African Development Bank’s African Economic Outlook 2023 (Asian markets)
Who:
Ms. María Peña Mateos, CEO of ICEX Spain Trade and Investment of the Kingdom of Spain, and Stefan Atchia, Manager of the Urban Development Division, sign a cooperation agreement to mobilize Spanish private sector expertise for African cities. Abidjan, Côte d’Ivoire, 14th June, 2023.
To face the unprecedented new global challenges brought about by the COVID-19 pandemic, the spotlight has turned to the importance of the private sector in building resilience in transition states and in particular, the crucial role of supporting micro, small and medium-sized enterprises (MSMEs).
The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya.
African Development Bank head Dr Adesina ( third from left) on panel discussing SDRs and debt at the Summit For a New Global Financing Pact, Paris, June 22 2023
World leaders attending this week’s Summit for a New Global Financing Pact praised the African Development Bank for finding a solution that would enable rich countries to reallocate part of their Special Drawing Rights (SDR) to low-income countries through multilateral development banks.
(From right) AfDB President Akinwumi Adesina with Madagascar President Andriy Rajoelina, Comoros President Azali Assoumani, Ghana President Nana Akufo-Addo; Mauritania President Mohamed Ould Ghazouani; Prime Minister of Cote d’Ivoire Patrick Achi; Kenya President William Ruto, and Democratic Republic of the Congo Prime Minister...
What: Press conference on African Development Bank Group partial credit guarantee to Benin Who: Benin’s President Patrice Talon and African Development Bank Group president Akinwumi Adesina When: Friday, 23 June 2023, 13:00-14:00 Paris time (11:00-12:00 GMT)
(L-R) Rémy Rioux, CEO of Agence Française de Développement; Akinwumi Adesina, president of the African Development Bank; Muhammad Al Jasser, chairman of the Islamic Development Bank Group; Abdulhamid Alkhalifa, OPEC Fund Director General; and Stephanie von Friedeburg, Managing Director, Public Sector banking,...
The Bank is continually stepping up initiatives to ensure that thousands of African children have the chance to celebrate their fifth birthday
The African Development Bank’s Urban and Municipal Development Fund is partnering with the Eswatini Water and Agriculture Development Enterprise on a new urban planning project, closely linked with the development of a transformative agro-industrial hub which will boost econom
"Diversifying the sources of funding for public infrastructure projects means seeking innovative approaches that integrate public-private partnerships in particular," the Tunisian Prime Minister, Ms Najla Bouden, told participants of a seminar titled Public-Private Partnerships in North Africa for sustainable and...
What: Roundtable discussion on Debt and SDR Channeling: Where are we and how to go forward? Who: African Development Bank President Akinwumi A. Adesina; IMF Managing Director Kristalina Georgieva; and several presidents and prime ministers When: Thursday, 22 June 2023; 13:30 - 14:30 CEST (11:30-12:30 GMT)
What: Alliance for Green Infrastructure in Africa hosts roundtable on the side-lines of the Summit for a New Global Financing Pact Who: African Development Bank President Akinwumi A. Adesina; African and European heads of government; and representatives of development partners
The African Development Bank Group has released its 2022 Annual Report. The report shows solid performance over the year, recording a significant increase in lending to the Bank Group’s regional member countries in the face of a challenging global environment for Africa.
What: African Development Bank’s Adesina to speak at 2023 OPEC Fund Development Forum Who: OPEC Fund for International Development; African Development Bank Group President Akinwumi Adesina; government leaders; and global experts When: 20 June 2023
What: Young African and Japanese women entrepreneurs networking webinar Who: Gender, Women and Civil Society Department, African Development Bank; and the Asia External Representation Office When: 22 June 2023; 08:00-10:30 GMT (17:00-19:30 Japan Standard Time) Where: Online
Dr Hussein Mwinyi, president of Zanzibar (center) , AfDB Tanzania country manager, Patricia Laverley, and delegations representing the government and the AfDB at the Golden Tulip Hotel in Zanzibar for the 17 May launch of the SEBEP project.
Cote d’Ivoire hosted the 50th anniversary of World Environment Day on the 5th of June 2023, with the African Development Bank as a core partner for the annual event.
Over the next five years, the African Development Bank will invest in cross-border electricity interconnections to strengthen connectivity and increase access to reliable and competitively priced electricity in the East Africa region. The pipeline for regional operations during the first three years of the EA-...
The Bank's delegation met Djibouti's Minister of Finance and Economy in charge of Industry and Governor of the Bank for Djibouti, Ilyas Moussa Dawaleh (center) as part of the launch of the integrated urban infrastructure study project and dialogue on the ADRiFi Programme.
PROTOCOLS.Good morning, everyone!I am delighted to join you at this year’s Agribusiness and Science Week. Congratulations to the Forum for Agricultural Research in Africa (FARA), Chairman, Alioune Fall and Executive Director, Dr. Akinbamijo, on the organization of this event. Thank you for inviting me to speak.
The African Development Bank's Gender Equality Trust Fund will provide a $950,000 grant to the Africa Small and Medium Enterprise Business Linkages Program in Burkina Faso, Chad, Mali, Mauritania, and Niger.
Improving access to sanitation services is crucial to meeting the health demands of the rising population in Angola
WHO: African Development Bank, United Nations Environment Programme (UNEP), Côte d’Ivoire, The Netherlands WHAT: World Environment Day WHERE: Côte d’Ivoire WHEN: 3-5 June 2023
What? Civil Society Organizations (CSOs) Open DayWho?
(From left) AfDB VP Kevin Kariuki, GCA Acting Africa Regional Director Charles Nhemachena, AfDB Director Anthony Nyong and AfDB Manager Gareth Phillips during a session on the Adaptation Benefits Mechanism
AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra...
What: African Development Bank participates in the World Circular Economy Forum (WCEF) Who: African Development Bank, Nordic Innovation and the Finnish Innovation Fund Sitra, with international partnersWhen: 30 May - 2 June 2023Where: Helsinki, Finland and online
Your Excellencies,Dear Governors,Commissioner of the African Union CommissionHonorable Ministers,Heads of Regional Economic CommunitiesHeads of international, bilateral, and regional financial institutionsDelegates and shareholders,Executive Directors, Senior management, and staff of the African Development Bank
PROTOCOLSYour Excellencies,I wish to thank President Muhammadu Buhari for his personal invitation to me to attend the ceremonies for the swearing-in of the incoming President-elect, H.E. Bola Ahmed Tinubu.Congratulations Mr. President on Nigeria’s 7th consecutive democratic transition.Congratulations to the incoming President and Vice President.
Giles Aijukweb, representing Leshego Microfinance Bank Nigeria accepts the AFAWA Bank of the Year award from Malado Kabba, African Development Bank’s Director for Gender, Women and Civil Society.
African Development Bank’s 2023 Annual meetings delegates celebrate Africa Day in pageantry
South of Morocco's Atlas Mountains, the River Draa, the Kingdom’s longest, winds through lush palm groves before disappearing into the dunes of the...
The Board of Governors of the African Development Bank Group has approved Management’s request to leverage the equity of the African Development Fund, its concessional lending window, to mobilize more resources on the capital markets.
"I have made my passion a vocation. Every day, I think how lucky I am to be able to work in a respectful relationship with nature," says Mohamed Adnene Bezzaouia. A keen trekker and hiker since youth, Adnene is now Senior Environmental Officer at the African Development Bank.
Andrew Mitchell, UK Minister of State for Development and Africa (left); Rania Al-Mashat, Egypt’s Minister of International Cooperation; Oulimata Sarr, Senegal’s Minister of Economy, Planning and Cooperation
In its latest annual report released on 25 May 2023, the African Development Bank Group highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022.
Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks.But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s...
The Chairman of the Board of Governors,Honorable Governors,Executive Directors,Senior Management and Staff of the African Development Bank,Representatives, and members of the delegation of our shareholders,Ladies and gentlemen.Good morning!
[Protocols] I would like to welcome you to this launch of our flagship report on the African Economic Outlook for 2023.
Egypt's Minister of International Cooperation, Dr. Rania Al MashatUK Minister for Development and Africa, Mr. Andrew MitchellSenegal’s Minister of Economy, Planning and Cooperation, Ms. Oulimata SarrAfrican Development Bank Senior Vice President, Ms. Bajabulile Swazi Tshabalala
Panel members expressed strong support for the African Pharmaceutical Technology Foundation (APTF) on Monday. From left to right: H.E.
(PROTOCOLS)Your Excellencies,Welcome to the 2023 Annual Meetings of the African Development Bank Group with the theme: “Mobilizing Private Sector Financing for Climate and Green Growth in Africa.”
Your Excellencies, Ladies and Gentlemen,Welcome to this Presidential Dialogue on the “Changing Global Financial Architecture and the role of Multilateral Development Banks.” I am delighted that several Heads of State, Governors, Ministers, and Heads of Global Financial Institutions will join us today...
African leaders, including President Abdel Fattah El-Sisi of Egypt, pose together with AfDB President Akinwumi Adesina at the opening ceremony of the 2023 Annual Meetings, 23 May 2023
The Africa Investment Forum showcased $1.5 billion of renewable energy and sustainability projects to investors during the African Development Bank’s 2023 Annual Meetings.
A lack of adequate financing for tackling climate change in Africa has become dire and is “choking” the continent, African Development Bank Group President Dr. Akinwumi Adesina said on Monday.
The African Development Bank supports renewable energy development in Africa, thus contributing to green economic growth and reducing poverty.
The African Development Bank is supporting Egypt’s efforts to tap the Panda bond market to advance the renewable energy and sustainable water management sectors among others
AfDB Senior Vice President Swazi Tshabalala (right) and Vice President Beth Dunford (left) received South African Government Minister Lindiwe Zulu for a courtesy visit at AfDB headquarters in Abidjan
Viviane Kakou, who has a master’s degree in geography, didn’t want to spend her career in an office. She chose agriculture out of passion. Thanks to the African Development Bank, her dream of becoming an agricultural entrepreneur is taking shape.
The average annual GDP (Gross Domestic Product) growth in Africa was 3.4% between 2010 and 2021, according to African Development Bank data. This is well below the targeted yearly average growth of 7%. Combined with population growth, GDP per inhabitant has barely changed.
African Development Bank Group President Akinwumi A. Adesina has called on young university graduates to be instruments of change in a world beset by increasing socio-economic challenges.
The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state.
A youth-led agricultural start-up is supporting farmers in climate-vulnerable Cameroon to produce crops sustainably year-round using low-cost greenhouses and solar-powered irrigation.
Digital technologies could offer Africa a great chance to unlock new pathways for rapid, inclusive economic growth and job creation, according to Ambassador Albert Muchanga, the African Union’s Commissioner for Economic Development, Trade, Tourism, Industry and Minerals.
The Director of the African Development Bank’s Climate Change and Green Growth Department, Prof. Anthony Nyong, on 25 April in Abidjan, received a delegation from Global Affairs Canada’s Cooperation for Pan-African and Regional Development Program in Cote D’Ivoire.
Representatives of the African Risk Capacity (ARC) Group and the African Development Bank presented two cheques worth $1.5 million in insurance payouts to the Government of Madagascar and the World Food Programme (WFP) to support the country’s recovery from Tropical Cyclone (TC) Freddy.
Good afternoon to you all.Hello, Class of 2023!You all look gorgeous! The sun is shining—and so are you!If you are a parent, friend, or family here for this commencement, or you are a faculty member, let me hear a great shout out and applause for the Class of 2023!
The African Development Bank Group, on 28 April 2023, announces the 13-month debarment of Société Bel Mabrouk Des Travaux et Investissements S.A.R.L with effect from 11 April 2023. Société Bel Mabrouk Des Travaux et Investissements S.A.R.L is a limited liability company registered under the laws of...
On the occasion of its Annual Meetings, to be held from 22 to 26 May 2023 in Sharm el Sheikh, Egypt, the African Development Bank Group plans to highlight the role that multilateral development banks could play in building a new development architecture beyond the financial.
The Board of Directors of the African Development Bank has approved updates to the institution’s Integrated Safeguards System (ISS) on April 12, 2023. Among other changes, the revision clarifies the bank’s roles, responsibilities, and accountability to borrowers and clients.
In December 2022, in Tangier, Morocco, on the occasion of the 16th replenishment of the African Development Fund (ADF), the African Development Bank and its development partners created a Climate Action Win
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.
What: Seychelles Civil Society Organizations Open DayWho: African Development Bank East Africa and Seychellois CSOsWhen: Thursday, 27 April 2023, 10:00 am – 12:30 pm (GMT+4)Where: Citizen’s Engagement Platform Seychelles (CEPS) Office, Room 28, Orion Mall, Victoria Mahe, Seychelles
Japan’s megalopolis region of Tokyo has a history of heavy rainfall and typhoons. But the days when the region used to be inundated with flooding are past. The pain of losing lives and livelihoods and seeing property worth billions of dollars being swept away by devastating floods, forced the...
As Africa's foremost development finance institution, the African Development Bank Group has significantly increased its commitments to climate finance since the 2015 United Nations Climate Change Conference (COP 21) in Paris.
Your Excellencies, Ambassadors, distinguished ladies, and gentlemen.Good evening!It is such a delight to see you all again! Thank you so much for honoring our invitation.
Your Excellencies, Ambassadors,Eminent Japanese and African Business leaders,Distinguished ladies and gentlemen.Good afternoon!
The African Development Bank Group’s governors will address three strategic challenges when they meet next month for the group’s Annual meetings, the group’s Secretary General Vincent Nhemielle said during a news conference held on April 20.
The president of the African Development Bank Group, Dr. Akinwumi Adesina, has called for a significant increase in Japanese investment in Africa, saying the continent is the world’s best investment destination now and in the future.
The African Development Bank Country Office in Sao Tome and Principe held its maiden Open Day on 23 March 2023 to discuss its country strategy and portfolio, opportunities, and interventions for the island nation’s sustainable and inclusive development.
The African Development Bank and ILX Management B.V. (ILX) today signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focussed private sector projects in the Bank Group’s regional member countries.
Three years after construction began, the Singrobo-Ahouaty hydropower plant project, located some 150 km north of Abidjan, achieved a completion rate of 78.93% as of end-March 2023. This project, which is symbolic of private sector mobilization for climate and green growth, is the first private sector-funded...
WHO: African Development Bank, KEIZAI DOYUKAI, United Nations Development ProgramWHEN: April 24th 2023; Time: 13:00-15:45(Tokyo), 4:00-6:45 (Abidjan)WHERE: Hotel Grand Arc Hanzomon and Online (Hybrid event)
Growing up in a humble neighborhood outside Nouakchott, the capital of Mauritania, Lehbib Mohamed El Kory was like many youth in town wasn’t expecting much from life. But he succeeded in turning his story around through determination and hard work.
What: Pre-Annual Meetings Press ConferenceWho: The African Development Bank GroupWhen: Wednesday, 20 April 2023, 11.00-12:00 GMT
The African Development Bank Group will mobilise close to $4 million to help Burundi urgently procure over 3,000 tons of fertilizer over the upcoming agricultural season. The support will enable the country to procure fertilizer for the first phase of the season, which begins in May. The country’s needs for the...
One morning, while on a trip with friends in the Tunisian desert, Iheb Triki witnessed a rare sight. When he woke up, he...
Two destinies crossed. Two women's paths.
The President of the Arab Republic of Egypt Abdel Fattah El-Sisi has commended the work of the African Development Bank Group in helping the continent to deal with the impact of global economic challenges.
The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone.
FinancingApproval date 1 March 2023Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea.
“We are very happy knowing that whenever we face disasters, there is insurance to help us.”- Woman smallholder farmer, Mambwe District, Zambia
The African Development Bank has appointed Professor Kevin Chika Urama as Chief Economist and Vice President for the Bank’s Economic Governance and Knowledge Management complex. The appointment is effective from the 1st of April 2023.
Les acteurs privés du secteur textile au Bénin ont effectué, le 23 mars 2023, une visite du parc qui leur est dédié de la zone industrielle de Glo-Djigbé, à Cotonou.
Located within a short distance from the famous Aswan Dam, the Temple of Philae, on the islet of Aguilkya, immerses visitors in the history of ancient Egypt. Dedicated to the protective goddess Isis, its bas-reliefs and murals make it an exquisite sanctuary in the country.
The African Development Bank has appointed Simon Mizrahi, a British national, Vice President for its Technology and Corporate Services Complex, with effect from the 1st of April 2023.
What:2023 Online Business Opportunities Seminar – Spring editionWho:African Development Bank Resource Mobilization and Partnerships DepartmentWhen:
The African Development Bank has appointed Marie-Laure Akin-Olugbade, a Cameroonian national, Vice President for its Regional Development, Integration and Business Delivery complex. The appointment is effective from the 1st of April 2023.
Zimbabwe moved closer to resolving its debt issues last week as it hosted the third debt and arrears clearance structured dialogue platform meeting with development partners and creditors. Dr. Luisa Diogo, the former prime minister of Mozambique, served as the meeting’s facilitator.
King Letsie III of Lesotho has urged African leaders to translate commitments into action to meet regional and international development targets.
African Development Bank Group President Dr Akinwumi Adesina has told a high-level international conference in Berlin that urgent action is needed to reduce the world’s dependence on fossil fuels and harness Africa’s renewable energy sources.
The African Development Bank Group and the government of Sao Tome and Principe have signed a $3.2 million loan agreement to upgrade the country’s National Switch payment system that supports the clearing and settlement of country wide high-value and retail payments.
The Africa Adaptation Acceleration program (AAAP) – a joint initiative of the African Development Bank and the Global Center on Adaptation – recently showcased its initiative to harness the dynamism and leadership of Africa’s youth to drive climate adaption innovation.
The African Development Bank and Climate Investment Funds (CIF) held a three-day workshop to enhance in-country gender-responsive monitoring, evaluation and reporting capacity in Ghana’s forestry sector on 21-23 March 2023.
We asked the 32-year-old entrepreneur, who works as a commercial tailor, real estate agent and farmer, about her program training experience and how she plans to use her acquired knowledge and skills. How did you hear about the program and how did it feel like to be selected?
The African Development Bank’s new Country Manager for Egypt, Abdourahmane Diaw, has received a delegation from the Egyptian African Business Association (EABA).
The Board of the African Development Bank Group has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, including SMEs.
What: African Development Bank Group Annual MeetingsWho: The African Development Bank GroupWhen: 22 to 26 May 2023Where: Sharm El Sheikh International Conference Center, Sharm El Sheikh, Egypt
The Board of Directors of the African Development Bank has approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its renewable energy use by 10% through 2030.
The African Development Bank and the Bank for Trade and Industry (BCI) of Mauritania have signed a $485,000 technical assistance agreement for the Affirmative Finance Action for Women in Africa (AFAWA) program which aims at promoting women's access to finance in Africa.
The African Development Bank has signed a €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in northern Nigeria.
This year's World Water Day theme is “accelerating change to solve the water and sanitation crisis”. What does this theme mean to you?
What:Open Day for Sao Tomé and Principe Civil Society OrganizationsWho:
Water is an essential resource with direct impact on Africa’s economic potential: inadequate access to safe water, sanitation and hygiene services reduces economic opportunities.
What is iDICE? IDICE, or the Investment in Digital and Creative Enterprises program, aims to support the development of digital and creative industries in Nigeria. IDICE provides funding and technical support to entrepreneurs and start-ups in the digital and creative sectors, with the ultimate goal of promoting economic growth...
What:Session on Water Solutions for Climate Adaptation: lessons to scale up impactful delivery during the 2023 UN Water ConferenceWho:
The Board of Directors of the African Development Bank Group has approved a $30 million Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya. The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance...
On World Water Day the African Development Bank will join leading global stakeholders in calling for universal water security for Africans during the UN 2023 Water Conference which opens today in New York.
Eight executive directors of the African Development Bank Group have completed an official mission to Angola. The delegation held talks with representatives of key ministries including the planning, agriculture and finance ministries.
The Africa Investment Forum marked International Women’s Day by hosting a special evening session for African women business leaders and innovators under its “Women as investment Champions pillar”.
WHAT: African Development Bank Career Fair in BotswanaWHO: The African Development Bank and the Ministry of Finance, Government of BotswanaWHEN: Wednesday 29 March 2023, from 11:00 AM to 13:35 PM CAT (GMT+2) WHERE: University of Botswana Library Auditorium, Gaborone; online via Zoom
Your Excellency, Professor Yemi Osinbajo, Vice President of the Federal Republic of Nigeria,Your Excellencies, State Governors,Honourable Minister of Finance, Budget and National Planning, Zainab AhmedHonourable Minister of Industry, Trade, and Investment, Adeniyi AdebayoHonourable Minister of Communications and Digital Economy, Isa Ali Pantami
What:Launch of the Investment in Digital and Creative Enterprises ProgramWho:
by William Ruto, Akinwumi Adesina, and Patrick VerkooijenPresident of Kenya; President of the African Development Bank; CEO of the Global Center on AdaptationLink to the original story
What: Session on Scaling Up Youth-led Adaptation Technology Solutions during the 3rd Gobeshona Global ConferenceWho: Africa Adaptation Acceleration Program of the African Development Bank and the Global Center on AdaptationWhen: 15 March 2023 |10:00 – 11:30 GMT
The African Development Bank Group, on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with effect from 24 February 2023. Ogon-Asu Company Ltd. is a construction company registered in the Federal Republic of Nigeria.
The African Development Bank and the Coalition for Dialogue on Africa (CoDA) have officially launched a three-year support project to improve regional coherent and coordinated response to illicit financial flows. The project will help African stakeholders actively engaged in stemming such flows to improve domestic revenue...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged by RBC Capital Markets and sold to a single Japanese investor, Taiju Life Insurance Company.
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), today issued an AUD 50 million 10-year “Light up and Power Africa” Kangaroo due 8 March 2033. The new issuance was arranged by TD Securities and sold to a single Japanese investor, Fukoku Mutual Life Insurance...
A year after launching the EDGE certification process, the African Development Bank has attained Level 1 Assess, in recognition of its commitment to monitoring, benchmarking and achieving gender parity in its workforce.
Ghana’s Central Bank has lauded the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative for its role in equipping women-owned businesses to drive the country’s economy.
WHAT: Webinar: “DigitALL: Innovation and Technology for Gender Equality”WHO: Gender, Women and Civil Society Department, African Development BankDate and Time: Friday, 10 March 2023; 11h00-12h30 GMT. Location: Online
Leaders from the water sector, development partners and government ministries have called for universal guaranteed access to water and sanitation services in Africa.
Wiem Taieb, a Master’s student at the library of the National Agronomic Institute of Tunisia (INAT), keenly leafs...
What: Visit of Ajay Banga, United States nominee for World Bank president, to the African Development Bank GroupWho: The management of the African Development Bank Group, led by its President, Dr. Akinwumi Adesina, and US nominee for World Bank Group President, Ajay Banga
Original story : https://african.business/2023/02/resources/time-for-africa-to-feed-itself-dakar-2-summit-takes-africas-food-agenda-forward/By Tom Collins
The African Development Bank has reaffirmed its full support for Libya’s reconstruction and economic stabilization efforts.
Africa’s drive to transform its agriculture and become a breadbasket continues to receive strong global support, with development partners agreeing to commit more than $50 billion to the plan barely two months after its launch.
Representatives of the African Development Bank and the United Nations Refugee Agency have conducted a joint visit to Central African Republic to explore the potential of joint initiatives for durable solutions to sustain the returns of refugees and internally displaced people.
The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program.
What: Climate Investment Funds (CIF) Learning EventWho: African Development Bank, Climate Investment Funds and Government of Côte d’IvoireWhen: Monday, 6 March 2023, 9 am to 5 pm GMTWhere: Abidjan, Côte d’Ivoire, and online
Expanding financial access for Liberia’s artisanal and small-scale mining sub-sector is feasible through formalization and de-risking measures, according to a recent study published by the African Development Bank and the Liberian government.
Panelists at an event convened by the African Development Bank have highlighted the importance of including rural residents in initiatives to improve access to water and sanitation services, even in the face of challenging economics.
The Global Center on Adaptation (GCA) in collaboration with the African Development Bank and the Wangari Mathai Institute have concluded a three-day regional forum on the future of resilient food systems in Africa.
Your Excellency, Emmerson Mnangagwa, President of the Republic of Zimbabwe,Your Excellency, Joaquim Chissano, former President of the Republic of Mozambique,The Rt. Honorable Dr. Luisa Diogo, former Prime Minister of Mozambique,
What: Second Structured Dialogue Platform Meeting – a forum for discussion between the Government of Zimbabwe and its development partners and creditors on the country’s arrears clearance and debt resolution process.
Mauritius has enhanced its public procurement system recently and is working with the African Development Bank to drive further reform.
The African Development Bank will partner with African Hidden Champions in support of its efforts to promote the growth of African companies and aid their transformation into global champions.
What? Seminar on industrial and trade business opportunities in Africa (IT-BOS)Who? African Development Bank Group in collaboration with the Commercial Services Department (ECS), Africa Department, of the Egyptian Ministry of Industry and Trade,When? February 22, 2023, from 9:00 am to 3:30 pm (local time)
The 36th Ordinary Session of Heads of State and Government of the African Union was held over the weekend in Addis Ababa.
Experts examining an ongoing study of key factors underlying development in Africa on Friday, emphasized the need for the continent to sustain annual growth rates of at least 7-10 percent over the next 40 years if Agenda 2063 is to be met.
African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans.
What: Press Conference on Driving inclusive growth and sustainable development in AfricaWho: African Union Commission and the African Development Bank GroupWhen: Friday, 17 February 2023 | 2:00 pm EAT (GMT+3)
What: High-level Side Event during the 36th Ordinary Session of the Assembly of the African UnionWho:
Mauritius has made critical strides in its public procurement system, but additional reforms are needed, according to an assessment report the African Development Bank released to the government on Tuesday.
The African Development Bank has provided over 50% of financing secured by infrastructure projects under the Programme for Infrastructure Development in Africa (PIDA), making it the lead financier of this strategic pan-African initiative.
The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities,...
The AfricaGoGreen Fund (AGGF) has made headlines today with the announcement of its successful second fundraising close, securing $47 million in combined investments from top financial organizations, including the International Finance Corporation (IFC), the African Development Bank (AfDB), the Nordic Development Fund (NDF...
La prise de participation au fonds TIDE Africa permettra d’appuyer la chaîne de valeur du financement par capital-risque, en particulier les startups en phase de pré-amorçage et d’amorçage Financement
What: Presentation of Africa’s Macroeconomic Performance and Outlook reportWho: President of the Republic of Zambia Hakainde Hichilema; Chairperson, African Union Commission H.E. Moussa Faki Mahamat; and African Development Bank Group President Dr. Akinwumi AdesinaWhen: Friday, 17 February 2023. 8:00 AM EAT (GMT+3)
What: Workshop on Governing Natural Resource Outflows for Enhanced Economic Resilience in Fragile and Transitional Countries (GONAT) Project Inception
The African Development Bank has opened a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi.
What: Invitation to the African Development Bank’s side events at the 21st International Congress of the African Water Association (AfWA) and 7th Faecal Sludge Management Conference Who: African Development BankWhen: 19-23 February 2023
Egypt Prime Minister Mostafa Madbouly; Rwandan President Paul Kagame; President Macky Sall of Senegal; Moussa Faki Mahamat, Chairperson of the AU Commission; and Algerian Prime Minister Aїmene Benadderrahmane during the 2nd Dakar Summit for infrastructure Financing
L-R: Allan Kasujja, Moderator; Admassu Tadesse, president and CEO, Eastern and Southern African, Trade and Development Bank; Danladi Verheijen, Co-founder and CEO, Verod Capital; Mr. Malick Ndiaye, CEO, Banque Agricole; Dr. Olagunju Ashimolowo, Vice President, Operations, ECOWAS Bank for...
From left to right: African Development Bank’s Secretary General Vincent Nmehielle and the Governor of the Central Bank of Egypt Hassan Abdalla
Ireland and Austria have joined the African Development Bank’s Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support the Fund’s work.The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and...
What: Regional Seminar on the African Development Bank’s Africa Information Highway (AIH) InitiativeWho: The African Development BankWhen: 6-10 February 2023Where: Addis Ababa, Ethiopia
Participants at AfDB-led training workshop are confident that the knowledge they gained will lead to better economic policies.
Participants capacitated and certified on Fragility Lens application.
L-R: Panel Moderator Daouda Sembene; Dr. Akinwumi Adesina, president of the African Development Bank Group; Dr. Sidi Ould Tah, Director General of the Arab Bank for Economic Development, and Serge Ekue, president of the West African Development Bank.
Thousands of youths in Malawi have gained employment and some have even created jobs for their peer
Who: African Development BankWhat: African Mining Indaba 2023Where: Cape Town International Convention Center (CTICC), South AfricaWhen: 6 – 9 February 2023
WHAT: Launch of The African Legal Support Facility Medium-Term Strategy 2023-2027 and new visual identityWHO: The African Legal Support FacilityWHEN: 31 January 2023WHERE: Virtual TIME: 13:00 – 15:00 GMT
What: Dakar 2 Summit closing press conference Who: Aly Ngouille Ndiaye, Ministry of Agriculture, Rural Equipment and Food Sovereignty of Senegal, Akinwumi Adesina, President of the African Development Bank GroupWhen: Friday, 27 January 2023 ; 12:30pm GMT
The African Development Bank Group and the International Fund for Agricultural Development (IFAD) are teaming up to help 40 million African farmers through a new initiative that will double productivity and produce 100 million metric tons of food for 200 million people.
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of...
What: Dakar 2 Feed Africa Summit Press Briefing / Launch of the African Development Bank’s Agri-SME Catalytic Financing MechanismWho: African Development Bank and Government of CanadaWhen: Wednesday, 25 January 2023; 18:00 – 18:30 GMT
Meeting between AfDB delegation and Swiss ambassadors in the West Africa region, Friday 23 January 2023, Abidjan, Cote d'Ivoire
(Korofto, Adama District, Ethiopia) If the shrill sounds of policemen’s whistles echoing across Ethiopia’s Awash River Valley do not seem out of place, the crack of whips in the air will have some visitors to these irrigated wheat fields wondering what is going on at this patch of remote farm cooperative.
Good evening, everyone. I am delighted to be with you all. I see several faces that I know in this hall and many that I will be meeting tonight for the first time. There is no better way to meet than to be where with you discussing issues that affect our continent, and in the case of my speech to you...
The African Development Bank Group’s Acting Chief Economist and Vice President for Economic Governance and Knowledge Management, Professor Kevin Chika Urama, shares his thoughts on the inaugural Africa’s Macroeconomic Performance and Outlook re
Le Fonds africain de développement a approuvé le 22 novembre 2022, à Abidjan, un don de 3,58 millions de dollars (2,8 millions d'unités de compte) pour mettre en œuvre le projet « Étude intégrée des infrastructures urbaines et de l’adaptation climatique dans la ville de Djibouti ».
What: Dakar 2 Summit launch press conference Who: Ministry of Agriculture, Rural Equipment and Food Sovereignty of Senegal and the African Development Bank GroupWhen: Monday, 23 January 2023 Set up: 10:30 am GMT
L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d'Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa's Macroeconomic Performance and Outlook
[Protocols]I am pleased to welcome you all to the official launch of this maiden edition of the African Development Bank’s report on Africa’s Macroeconomic Performance and Outlook 2023.
The African Union Commission (AUC) and the African Development Bank Group have a concluded a technical session on how to conduct an upcoming joint study on driving development in Africa.
Mr. Simon Mizrahi (right), Acting Vice President for Technology and Institutional Services, receiving the Greek Foreign Minister, Nikos Dendias (left), on behalf of the President of the African Development Bank
What:Launch of first Africa’s Macro-Economic Performance and Outlook report (2023)Who:
Winners of a previous AgriPitch Competition, pictured with African Development Bank and competition partner officials, receive big checks to fund their businesses.
A group photo of Stakeholders of Bank-financed projects at the RASME training
Africa Investment Forum (AIF) last week garnered strong support in the U.S. to help advance key infrastructure projects for the continent. Three founding members of the Africa Investment Forum signed memoranda of understanding worth over $1 billion with the Export-Import Bank of the United States (EXIM) to...
The 10th Global Community of Practice (G-CoP) Dialogue on Development Without Borders: Leveraging the African Diaspora for Inclusive Growth and Sustainable Development in Africa, was co-hosted by the African Development Bank Group (AfDB Group), the African Union Commission (AUC), International Organization for Migration (IOM), and African Continental Free Trade Area Secretar
The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of Mauritius. The financial package comprises a $25 million Risk Participation Agreement and a $15 million Transaction Guarantee.
Le bureau de la Banque africaine de développement au Bénin a convié 80 organisations de la société civile béninoise à une journée portes ouvertes, qui s’est tenue le 13 décembre 2022 dans la salle de conférence de Kobourou City Hotel, à Parakou.
Le Conseil d’administration du Fonds africain de développement a donné son feu vert, le 12 décembre 2022, à Abidjan, à l’octroi d’un financement de 15,64 millions de dollars américains au Cameroun. Ces ressources sont destinées à mettre en œuvre le Projet d’appui à la gouvernance des finances publiques.
Financing for the Singrobo-Ahouaty 44-megawatt hydropower project in Côte d’Ivoire has reached financial close with the African Development Bank Group as mandated lead arranger.
Le Conseil d’administration du Fonds africain de développement a donné son feu vert, jeudi 15 décembre 2022, à Abidjan, à l’octroi d’un financement de 176 millions de dollars américains pour mettre en œuvre le deuxième projet du Programme de renforcement de la résilience à l’insécurité alimentaire et nutritionnelle au...
The African Development Bank provides financial support to develop livestock production and productivity in Senegal
The Board of Directors of the African Development Bank Group has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led...
Caption (l to r): Blythe Thomas, Initiative Director at 1,000 Days; Dr. Beth Dunford, African Development Bank Vice President; Prime Minister Ntsokoane Matekane of Lesotho; USAID Deputy Administrator Isobel Coleman and President and CEO of Bread for the World and Council co-chair at the Nutrition Investment in Africa...
An aerial view of the Banjul Port
For 2022-2027, the African Development Bank's main objective is to support Mauritius' ambitions to become a high-income country by 2030.
Rwanda’s Minister of Environment Jeanne d'Arc Mujawamariya and African Development Bank Country Manager Aissa Toure Sarr with members of the Bank’s WCEF organizing team in Kigali
From left: Vanessa Ushie, Arona Soumare, Jo Mulongoy , Prudence Galega, Ousseynou Kasse, Jeanne Ntain and Innocent Maloba
The 2022 Africa Visa Openness Index (AVOI) report shows African countries making progress in their freedom of travel policies, most of which had been severely curtailed by the Covid-19 crisis.
The 2022 African Economic conference, held in Mauritius, brought together policymakers, climate experts, private sector representatives, academics, and youth to develop an action plan to guide Africa as it navigates the threat of climate change.
The African Development Bank is supporting Sierra Leone to achieve self sufficiency in rice, a key staple food
The African Development Bank Group has appointed renowned Professor Padmashree Gehl Sampath as a special advisor on pharmaceuticals and health infrastructure to the Bank’s president, Dr. Akinwumi Adesina.
Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome.
The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system.
The African Development Bank, with the support of the Korea-Africa Economic Cooperation Fund (KOAFEC) brought together 40 customs officials from Burkina Faso, Mali, Niger and Chad for training to strengthen customs capacity. The training is intended to modernize and reform the sector.
What ? Meeting with Beninese civil societyWho ? The African Development Bank’s Civil Society and Community Engagement Division of and Benin Country OfficeWhen ? Tuesday, December 13, 2022, from 09:00. to 15:00 (GMT).Where ? Parakou, Benin
Government representatives and experts from the Bank and the Mano River Union, joined by women traders to launch the BI-BEST project.
The African Development Bank is providing $180 m to support Botswana's economic recovery.
What: United Nations Biodiversity Conference (COP 15)Who: African Development Bank, United Nations Biodiversity, World Wildlife Fund, United Nations Environment Programme and other partners When: 7-19 December 2022
His Royal Majesty King Mohammed VI (may God help and bless him),Your Excellency, Nadia Fettah Alaoui, Minister of Economy and Finance of the Kingdom of Morocco, and Governor of the African Development Bank Group,Your Excellency, Ryad Mezzour, Honorable Minister of Industry and Commerce of the Kingdom of Morocco,
Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025.
The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda
Bank president Akinwumi Adesina opens a two-day event in Abidjan on tapping the skills and wealth of the African Diaspora
What: World Circular Economy Forum 2022Who: Sitra, African Circular Economy Network, African Circular Economy Alliance; and the government of Rwanda When: 5 December (pre-event media briefing); 6-8 December 2022 (Forum) Where: Kigali, Rwanda and online
Your Excellency Moussa Faki, Chairperson of the African Union Commission, represented by Her Excellency Dominique Nsanzabaganwa, the Deputy Chairperson of the African Union Commission,Honorable Commissioner Albert Muchanga, Commissioner for Economic Development, Trade, Tourism, Industry and Minerals of the African Union Commission,
African leaders of government and institutions at the AU Industrialization Summit in Niamey, Niger
Seedlings under sustainable cultivation in Ghana for use in the production of biomass fuel
The construction of a highway between Dakar and Saint Louis will open up Senegal’s northern regions, considered the country’s rice granary and an area with high mining potential.
African Development Bank President Akinwumi Adesina and his counterpart at the EBRD, Odile Reinaud-Basso affirm commitment to climate adaptation to help African businesses become more resilient
The African Development Fund is working to improve the livelihoods of pastoralists in Ethiopia’s drylands
Abdou Aziz Diedhiou, head of studies and strategy, La Banque Agricole Sénégal; Kossivi Domegni, Expert in Energy Efficiency & Renewable Energy, Togo; Audrey-Cynthia Yamadjako, Coordinator, African Green Finance Facility Initiative, African Development Bank; Kevin Kariuki, Vice President for Power,...
The support of the African Development Fund will strengthen the capacities of African tax administrations for improved domestic revenue mobilization.
The Board of directors of the African Development Bank Group has approved financing for the Emergency Food Production Program in Liberia. This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine.
Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO).
The Board of Directors of the African Development Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and...
Who: The African Development Bank’s Independent Recourse Mechanism (IRM) When: 8 December 2022, 3:00pm to 4:30pm GMT Where: Virtual, REGISTER HERE
What: Roundtable on Engaging African SMES in Corruption Prevention Who: The African Development Bank and the Organisation for Economic Co-operation and Development When 5 December 2022, 11:30 – 13:00 GMT (12:30 – 14:00 CEST)
What: G-CoP policy dialogue on leveraging the African Diaspora for Inclusive Growth and Sustainable Development in Africa.
What: Pre-training Who: International Energy Agency (IEA), African Development Bank (AfDB) When: 21-25 November 2022 Where: Online (Zoom), pre-registration required
What: Launch of the African Industrialisation Index and presentation of the African Industry Observatory project at the African Union Summit on Industrialization and Economic Diversification Who: African Development Bank, the African Union, and the United Nations Industrial Development Organization (UNIDO)
By Ciku Kimeria In 1960, the Ethiopian runner Abebe Bikila made history in Rome as the first athlete from sub-Saharan Africa to win an Olympic gold, even as he broke the marathon world record. All this was made more remarkable by the fact that he ran completely barefoot.
Russia’s war in Ukraine is raising the cost of tackling climate change, inequality, and other big development goals.
The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa.
Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report and
In partnership with the African Development Bank Group, the Swiss Confederation through the Swiss State Secretariat for Economic Affairs (SECO) and Spain today at COP 27 announced additional financial support to African countries and cities bearing the brunt of climate change.
Resources at scale are needed to provide communities in fragile settings with access to safe water, core to foster climate resilience, say African Development Bank and UNICEF during ongoing COP27 in Egypt
Germany has committed €40 million to the African Development Bank Group's Climate Action Window, German State Secretary for Economic Cooperation and Development Jochen Flasbarth has announced. The contribution is to support climate adaptation in fragile African states.
The Board of Directors of the African Development Bank Group today approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year...
The African Development Bank has released its latest East African Economic Outlook, predicting a slow recovery in the region in 2022 at 4.0 percent against 5.1% in 2021.
Former Irish president Mary Robinson headlined a panel discussion to mark ‘Gender Day’ at the 27th United Nations Climate Change Conference (COP27) in Egypt. She called for a bespoke climate fund to support grassroots women to tackle climate change and build resilience.
The president of the African Development Bank shares his views on investment opportunities, financial management and the growing threat of climate insecurity. At this year’s African Investment Forum in Abidjan, Akinwumi Adesina, president of the African Development Bank (AfDB), proudly announced $63.8bn in investment pledges...
Quoi ? Session sur le thème « Accélérer les investissements climatiques sensibles au genre pour un Sahel résilient » à la COP27 Qui ? Banque africaine de développement Quand ? 14 novembre 2022, de 18h à 19h 30 (GMT+2)
What: Launch of the Africa Economic Outlook report 2022 for North Africa Who: African Development Bank Regional Office for North Africa When: November 16, 2022, 15:00 Tunis time (GMT+1) Where: Virtual
Global experts meeting during a panel session at the 27th global climate summit (COP27) in Egypt have endorsed a new climate finance roadmap to mobilize $1 trillion in annual external finance required by emerging markets and developing countries—excluding China.
Water. Too much, or not enough... In South Sudan in 2021, flooding from Nile tributaries has followed a long dry spell, while Somalia continues to suffer from recurrent water shortages. In Algeria, Egypt and Libya, sandstorms have become more numerous and of greater magnitude, spreading to the cities, and even leading to the closure of some ports and airports.
An African initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world.
What: Webinar :Towards Climate Resilient Ocean Economies in Africa: Governance and investment models Who: The African Development Bank Group, the Nordic Development Fund and UNEP Finance Initiative When: Thursday, 24 November 2022; 10:00 – 12:00 GMT
The Egyptian government has launched the Sharm El Sheikh Guidebook for Just Financing at a roundtable event held 10 November during COP27.
The African Union, the African Development Bank Group and Africa50—in partnership with several global partners—have launched the Alliance for Green Infrastructure in Africa (AGIA), an initiative to help scale and accelerate financing for green infrastructure projects in Africa.
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, on 2 November 2022 in Abidjan, approved a $6.63 million grant to the Common Market for Eastern and Southern Africa (COMESA) to develop the pharmaceutical sector in the sub-region.
Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. In addition to the grant, each winner benefits from a 12-month accelerator program to help them grow their businesses, deepen their impact and create...
Country managers of the African Development Bank Group and representatives of the Southern African Development Community (SADC) Secretariat last month held a series of discussions on deepening regional integration across the 16-nation body, through increased cooperation.
What: Webinar on the performance of the timber industry in the Southern African Development Community, the Congo Basin, East Africa, North Africa and West Africa Who: African Natural Resources Management and Investment Centre of the African Development Bank When: Thursday, 30 November 2022; 13:00 – 15:00 GMT
The African Development Bank and the Eastern and Southern African Trade and Development Bank (TDB) have united to launch a unique financial instrument to catalyze financing for sustainable development on the continent.
At the end of a three-day official visit to Angola, African Development Bank Group’s Director General for Southern Africa Leila Mokaddem has commended the Lusophone nation for its ongoing economic reforms.
The African Development Bank has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across Africa.
The Board of Directors of the African Development Bank has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy. The loan comprises a $130 million line of credit from the Bank and an additional $30 million in funds from the Africa Growing Together Fund (AGTF).
The OPEC Fund for International Development and the African Development Bank Group have signed a memorandum of understanding to expand their partnership to support sustainable economic and social development in Africa.
In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives.
Your Excellencies, We are delighted that you can join us for this special high-level event on Africa Adaptation Acceleration Program. Thank you, President Macky Sall, for your support for our collective efforts on climate change challenges facing Africa. Thank you Secretary General Guterres and world leaders for being here. Africa can no longer keep quiet.
Global leaders on Tuesday rallied around climate adaptation for Africa. They attended the Africa Adaptation Leaders’ Event, convened by African Union Chair President Macky Sall of Senegal, Global Center on Adaptation CEO Patrick Verkooijen, and African Development Bank Group President Akinwumi Adesina.
La Banque africaine de développement va financer la construction du corridor routier Bissau-Dakar. Son Conseil d’administration en a donné le feu vert, mercredi 9 novembre 2022, à Abidjan, pour un financement de 100,73 millions de dollars américains, destinés à la réalisation de la première phase du projet Farim-Tanaff...
African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change.
Your Excellencies, ladies, and gentlemen. I am delighted to welcome you to this special session on the launch of the Alliance for Green Infrastructure in Africa (AGIA). AGIA is a platform that has just been created to speed up the development of green infrastructure in Africa in our collective drive towards net zero emissions.
Ms. Sanda Ojiambo, CEO and Executive Director, UN Global Compact Business leaders, ladies, and gentlemen. I like businesspeople. They make decisions fast when the opportunities are clear.
What: 2022 Youth Adaptation Solutions (YouthADAPT) Challenge Awards Ceremony Who: African Development Bank and the Global Center on Adaptation When: 10 November 2022, 10:30-12:30 GMT+2
The United Kingdom has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change.
The African Union (AU) welcomed the Netherlands’ contribution of EUR 110 million in support of the Africa Adaptation Acceleration Program (AAAP) ahead of the COP27 Leaders’ Event on Accelerating Adaptation in Africa.
What: COP27 Leaders’ Event: Accelerating Adaptation in Africa Who: African Development Bank, the African Union, and Global Center on Adaptation When: 8 November 2022, 11:00 EGY (GMT+2) Where: Meeting Room MR20, Sharm El-Sheikh, Egypt Event description:
The African continent has enormous potential and remains an attractive destination for investors, despite complex national contexts and geopolitical changes, say experts attending the Africa Investment Forum 2022 Market Days.
This year’s just concluded Africa Investment Forum Market Days—the continent’s premier investment platform—has drawn $31 billion in investment interest from African and global investors.
At the November 2 opening of the 2022 Africa Investment Forum, panelists called on African investors to increase financing for African infrastructure to make the sector attractive to foreign investors.
Thank you for joining us for this important session for the Africa Investment Forum. Our world faces three major challenges, which I call the 3 C’s: Covid, Climate and Conflicts. The solution to these challenges is what I call the 3 F’s: Finance, Finance, and Finance.
KEIZAI DOYUKAI, or the Japan Association of Corporate Executives today signed a statement of intent with the African Development Bank Group to foster closer collaboration and to strengthen business ties between Japan and Africa. The signing took place on the sidelines of the Africa Investment Forum Market Days 2022...
The African Development Bank has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and medium-sized and women-empowered enterprises.
Zimbabwean President Dr Emerson Mnangagwa has called on investors to realize the massive investment opportunities in Zimbabwe and shun negative perceptions of risk.
Africa should satisfy its own natural gas needs first before considering exports in the wake of the growing interest among European countries, which is linked to the Russian-Ukraine war, experts have cautioned.
What: African Development Bank at 2022 United Nations Climate Change Conference Who: African Union Commission; African leaders; African Development Bank; the United Nations Economic Commission for Africa; NEPAD Planning and Coordinating Agency; Partners When: 6-18 November 2022
African leaders on Wednesday laid out the continent’s vast potential and invited global investors to seize investment opportunities.
Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank Group approved the mid-term report of the implementation of the Bank’s 2020-2024 Country Strategy Paper (CSP) for Eswatini and the 2022 country portfolio performance.
The African Union held its first Political Conference in Tangier, Morocco, with delegates calling for accelerated partnerships between the various actors to respond more efficiently to Africa's challenges.
Your Excellency, Alassane Ouattara, President of Cote d’Ivoire, represented by His Excellency Tiémoko Meyliet Koné, Vice President of Côte d’Ivoire Your Excellency, Nana Akufo-Addo, President of Ghana Your Excellency, Sahle-Work Zewde, President of Ethiopia, my dear big sister
What: Africa Investment Forum 2022 Press Conference Who: Heads of Africa Investment Forum founding partners When: 3 November 2022, 13:30 GMT
One major lesson for Africa from the Covid-19 pandemic is that it had an outsize negative impact on workers in jobs that cannot be performed remotely. Such jobs are typically in the informal sectors that dominate Africa’s economies. Services and other sectors more amenable to remote work were far less affected, which...
What: Africa Investment Forum 2022 Market Days opening ceremony Africa Investment Forum 2022 Press Conference Who: President of the Republic of Cote d’Ivoire Alassane Ouattara, African Development Bank head Akinwumi Adesina; heads of Africa Investment Forum founding partners, and global investors.
Demand for more extensive rail infrastructure in Africa received a boost following the coming into force of the African Continental Free Trade Agreement in early 2021. The agreement aims to boost intra-regional trade and integration, two goals that rail corridors meet.
The Africa Investment Forum has a strong track record of supporting the success of women business owners and entrepreneurs.
The Lusophone Compact is one of many successes that have emerged from the innovative Africa Investment Forum. The compact is a financing platform that provides risk mitigation, financing products and technical assistance to accelerate development of the private sector in Africa’s Portuguese-speaking countries.
WHAT: First Continental Policy Conference on the theme “Promoting the Peace, Security, and Development Nexus: The Promise of Regional Integration.”
Ahead of the 2022 United Nations Climate Change Conference, COP27, in Egypt in November, the African Development Bank and the Global Center on Adaptation participated in a series of events at the Africa Climate Week to build consensus among African countries and stakeholders. COP27 is described as Africa's...
Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme initiated by the African Development Bank.
The 2022 United Nations Climate Change Conference, COP27, is dubbed ‘African COP’ as the impact of climate change on African countries will be a key theme of discussions. Agriculture and food systems will also be a critical focus of COP27, with Saturday, 12 November, dedicated to both themes, in addition to adaptation.
The Board of Directors of the African Development Bank Group has greenlighted the award of a $23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth and Women.
Development lenders in Africa can seize the current global crises as an impetus to help the continent significantly increase food production. This was a common conclusion of panelists at this year’s Finance in Common summit in Abidjan on Wednesday.
In advance of the 2022 United Nations Climate Change Conference (COP27) next month, public development banks meeting in Abidjan agreed on action points to tackle Africa’s climate finance gap.
Your Excellencies, Distinguished ladies, and gentlemen. The time has come for the closing ceremony of the Finance in Common Summit. From across the world we gathered, public financial institutions, public development banks and multilateral development banks, for the Finance in Common Summit.
Quoi ? Atelier sur la revue de la performance du portefeuille pays de la Banque au Togo pour l’année 2022 Qui ? Le Groupe de la Banque africaine de développement et le gouvernement du Togo Quand ? Le 28 octobre 2022, à 9 h (GMT). Où ? À l'Hôtel 2 février de Lomé
The Board of Directors of the African Development Bank Group has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move comes as the country has experienced rising food prices due to the war in Ukraine.
The African Development Bank, the government of the United Kingdom and three globally recognized insurance companies have closed on a new and innovative risk sharing transaction known as the Room to Run Sovereign.
The African Development Bank’s Affirmative Finance Action for Women in Africa program, known as AFAWA, and the Alliance for Financial Inclusion introduced African Finance Ministers and Central Bank Governors to a new partnership set to increase financial inclusion for women-led enterprises across the continent.
What: Triennale Summit on Education Who: Government of Mauritius; Association for the Development of Education in Africa (ADEA); African Development Bank When: 19 - 21 October 2022 Where: Port Louis and online
The African Development Bank has launched a multinational project to create jobs and improve livelihoods for youth in three African countries. The Creating Sustainable Youth MSMEs Through Urban Farming (SYMUF) initiative will support young farmers in Nigeria, the Democratic Republic of the Congo (DRC) and Uganda, who are attracted to urban farming.
Five new public development banks have signed onto the Paris Development Banks Statement on Gender Equality and Women Empowerment Paris Development Banks Statement on Gender Equality and Women Empowerment. .
Heads of public development banks on Wednesday underlined the critical need to build resilience for fragile countries and to boost African countries’ capacity to tackle global emissions in a sustainable manner.
What: Launch of Special Agro-industrial Processing Zones Phase One Nigeria Who: The President of Nigeria, government officials, investors, and leaders of the following financial institutions:
Ahead of Wednesday’s official opening of the Finance in Common Summit (FiCS) 2022 in Abidjan, speakers at a research conference side event called for a new global financial architecture to tackle the impact of global shocks on developing countries. They said it should include innovative ways to unlock greater...
[The first paragraphs of this speech were delivered in French. English language was used starting from the sign *. The original French language used in the first paragraphs is posted in the French version of the website.
Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday.
By Eric Martin, September 22, 2022 Original story :https://www.bloomberg.com/news/articles/2022-09-22/japan-uk-keen-to-channel-imf-support-through-top-african-lender
What: Business Opportunities Seminar, Fall 2022 Edition Who: African Development Bank's Resource Mobilization and Partnerships Department When: Wednesday, 12 October 2022; 08:00-10:30 GMT (Asia) Thursday, 13 October 2022; 13:00 to 15:30 GMT (Africa, Americas and Europe)
By Eric Martin and Antony Sguazzin, Bloomberg, September 23, 2022 Original story : https://www.bloomberg.com/news/articles/2022-09-23/afdb-offers-south-africa-a-financing-deal-to-raise-41-billion
Quoi ? Visite de travail d’une délégation d’administrateurs de la Banque africaine de développement au Maroc Qui ? Groupe de la Banque africaine de développement - Conseil d’administration Quand ? Du 26 au 30 septembre 2022 Où ? Maroc
The Board of Directors of the African Development Bank Group has approved a €28.88 million loan for improvements to the road and transport network linking six Senegalese municipalities. The loan was approved on 20 September 2022.
African leaders and governments in Europe, Asia and the Americas on Tuesday vowed to act “with urgency, at scale and in concert” in responding to the current food insecurity and nutrition crisis unfolding around the world.
Nigeria’s President Muhammadu Buhari and African Development Bank Group President Akinwumi Adesina urged on Thursday global businesses and leaders to boldly invest in Nigeria.
On Wednesday 14 September, the African Development Bank (AfDB), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), issued a USD 100 million 7-year “Feed Africa” Theme Bond due September 2029.
The Board of Directors of the African Development Bank Group has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP).
Your Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria. Excellencies, Heads of State and Government. Global business leaders and investors. Distinguished ladies and gentlemen.
WHAT: Connecting Africa conference WHO: African Development Bank, TRANSNET WHEN: Friday, 23 December 2022; 09:00– 17:00 ( CAT)/ 07:00-15:00 GMT WHERE: Johannesburg, South Africa
The New Partnership for Africa’s Development-Infrastructure Project Preparation Facility (NEPAD-IPPF) holds its 35th oversight committee meeting today 22 September 2022.
The battle to stop global warming from rising above the catastrophic 1.5 degrees Celsius received a boost on Wednesday as the newly launched Global Leadership Council got down to business during the 77th session of the UN General Assembly in New York.
On the sidelines of the 2022 edition of Africa Climate Week, a session titled Limiting Loss and Damage through Enhanced Adaptation Action in Africa featured vibrant and timely discussion of an aspect of climate change that typically receives little attention: capturing and...
The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The listing, on 15 September 2022, follows the Fund’s primary US dollar listing on the Mauritius Stock Exchange in 2018. The Pula-denominated listing will offer investors an...
The government of Mali and the African Development Bank have agreed to accelerate ongoing country projects that aim to reduce poverty, following a high-level Bank Group mission, which ended on 16 September 2022.
With barely two months to go before the UN Climate Change Conference (COP27) in Egypt, Africa and other developing parts of the world that bear the severest brunt of climate change are warning against turning it into a mere talking shop of promises.
The African Development Bank has released a series of toolkits to assist small and medium enterprises in tapping green investment opportunities contained in countries' Nationally Determined Contributions (NDCs) under the Paris Agreement.
African Development Bank Group head Dr. Akinwumi Adesina will join other world leaders for the 77th session of the UN General Assembly in New York City to discuss global issues such as the impact of climate change, Russia’s war in Ukraine and recovery from the Covid-19 pandemic.
Finance directors from roughly 40 African cities and local authorities have arrived in Abidjan, the commercial capital of Cote d’Ivoire for an intensive training in tapping capital markets to finance urban infrastructure development.