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African Development Bank Group (AfDB)

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    • African Development Bank Group and JICA sign landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan to boost the African Development Fund. Japan, October 2024
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Source: African Development Bank Group (AfDB) |

Japan boosts African Development Fund with Japanese yen (JPY) 51.67 billion concessional loan

Additional resources to drive much-needed development in Africa's least-developed and fragile countries

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund.   The loan, pledged by the Japanese government at the 16th general replenishment of the resources of the…

African Development Bank Group (AfDB)

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    • Japan’s Deputy Vice Minister of Finance for International Affairs, Mr. Daiho Fujii (left) with Ms. Ayisha Fuseini, owner of Asheba Enterprise and one of the beneficiaries of FAPA funded project, the Ghana SME Business Linkage
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Source: African Development Bank Group (AfDB) |

Joint African Development Bank- Government of Japan Visit to Fund for African Private Sector Assistance (FAPA)-Funded Projects in Ghana

Propelling Sustainable Private Sector Development through collaboration

The African Development Bank (www.AfDB.org) and the Government of Japan recently concluded a joint visit to two projects funded by the Fund for African Private Sector Assistance (https://apo-opa.co/4dOF0oP) (FAPA) in Ghana to assess their impact on stimulating the growth of small businesses and boosting private sector development. The Japanese delegation…

African Development Bank Group (AfDB)

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    • AfDB Vice President Dr. Beth Dunford (r) at a and Mastercard Executive Vice President Tara Nathan at recent MADE Alliance Africa event
    • Dr. Beth Dunford, AfDB Vice President
    • AfDB Vice President Dr. Beth Dunford with smallholder farmers in Nigeria who are benefitting from Bank agricultural technologies
    • MADE Alliance Africa aims to connect millions of smallholder farmers and women in Africa with digital services
    • World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent
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Source: African Development Bank Group (AfDB) |

World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent

The African Development Bank aims to bring 3 million farmers in Kenya, Tanzania and Nigeria into the digital economy via Mastercard Community Pass

The African Development Bank Group (www.AfDB.org) and Mastercard are co-chairing a new initiative called Mobilizing Access to the Digital Economy (MADE) Alliance Africa, which aims to provide digital access to critical services for 100 million people and businesses in Africa over the next 10 years. In the first phase of…

African Development Bank Group (AfDB)

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    • African Development Bank Group Appoints Moono Mupotola as Deputy Director General for Southern Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Appoints Moono Mupotola as Deputy Director General for Southern Africa

Mupotola managed the African Development Fund’s Regional Operations Envelope and oversaw the Bank’s regional project preparation facility

The African Development Bank Group (www.AfDB.org) has appointed Moono Mupotola, as Deputy Director General for the Southern Africa Regional Development, Integration and BusinessDelivery Office, effective 16th October 2024.  Mupotola, a Zambian national, brings over 25 years of development experience across Africa to her new role. Her expertise spans infrastructure development,…

African Development Bank Group (AfDB)

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    • African Development Bank appoints Dr Kennedy Mbekeani as Director General for East Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank appoints Dr Kennedy Mbekeani as Director General for East Africa

Mbekeani, a citizen of Malawi has over 25 years of senior experience in development finance, project management, policy advisory services, and knowledge generation at national and regional levels

The African Development Bank Group (www.AfDB.org) has appointed Dr Kennedy K. Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country Manager for Kenya, effective from 16 October 2024. Mbekeani, a citizen of Malawi has over 25 years of senior experience in development…

African Development Bank Group (AfDB)

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    • African Development Bank supports BIASHARA Africa 2024 Business Forum
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Source: African Development Bank Group (AfDB) |

African Development Bank supports BIASHARA Africa 2024 Business Forum

The meeting, organized by the African Continental Free Trade Area (AfCFTA), brought together industry leaders, policymakers and government representatives to promote African trade and foster economic growth on the continent

The African Development Bank (www.AfDB.org) has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held from 9-11 October 2024 in Kigali, Rwanda.  The meeting, organized by the African Continental Free Trade Area (AfCFTA) (https://apo-opa.co/4h90Ciq), brought together industry leaders, policymakers and government representatives to promote African…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank and Absa unveil multi-billion rand financial package to expand sustainable capital markets, boost economic growth for women and youth

Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners

The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs,…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank Group approves $34.8 million in grants to build climate resilience in Malawi and Zimbabwe

Climate risk insurance is expected to lead to behavioural changes among beneficiaries, such as increased investment in climate-resilient livelihoods or savings for future insurance premiums

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants of $34,796,402.40 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.  Under the Bank Group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility through the Africa Disaster Risk…

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    • Hamburg Sustainability Conference spotlights youth entrepreneurship in Africa, African Development Bank Group support for continent’s youth-led small and medium enterprises
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Source: African Development Bank Group (AfDB) |

Hamburg Sustainability Conference spotlights youth entrepreneurship in Africa, African Development Bank Group support for continent’s youth-led small and medium enterprises

The session was followed by a roundtable to stimulate networking between development institutions and African innovators

African youth entrepreneurs supported the by African Development Bank Group (www.AfDB.org) took center stage at the Hamburg Sustainability Conference on Monday. During a session, titled “Empowering Young Entrepreneurs in Africa," executives of the African Development Bank and its partner the African Guarantee Fund (http://apo-opa.co/3Y78rMT), as well as young African business leaders…

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    • Nigerian ministers gathered in Abuja with state representatives and other stakeholders to push for accelerated delivery of the SAPZ program in Nigeria. October 2024
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank and partners agree to fast-track implementation of Special Agro Industrial Processing Zones program

The agreement emerged from a two-day meeting in Abuja, on 7 – 8 October, attended by senior government and bank officials and representatives of financing partners and the private sector

The African Development Bank Group (www.AfDB.org) has reached an agreement with participating Nigerian state governments to speed up implementation of a program designed to develop eight new agro-industrial zones in the country. The agreement emerged from a two-day meeting in Abuja, on 7 – 8 October, attended by senior government…