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African Development Bank Group (AfDB)

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    • The first stage of implementation of the Regional West Africa Rice Development project will involve Gambia, Guinea-Bissau, ECOWAS and AfricaRice. Tens of thousands of rice farmers will benefit from access to seeds, fertilizers and plant protection products
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Source: African Development Bank Group (AfDB) |

The African Development Fund releases initial support of $99 million to finance the development of rice cultivation value chains in West Africa

The project will help to increase production and the productivity of rice cultivation, as well as improving income generation for farmers, particularly women and young people

The Board of Directors of the African Development Fund has approved initial funding of $99.16 million to develop regional rice cultivation value chains as part of the Regional West Africa Rice Development project.   The aim of the project is to increase food security and sovereignty in West Africa by encouraging…

African Development Bank Group (AfDB)

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    • Registration Opens for the 2024 African Economic Conference
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Source: African Development Bank Group (AfDB) |

Registration Opens for the 2024 African Economic Conference

This year’s conference will provide a platform for African countries to address pressing economic challenges and strengthen their resilience to growing global pressures

Registration is now open for the 2024 African Economic Conference (AEC), a flagship event co-hosted by the African Development Bank (www.AfDB.org), the United Nations Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP). Taking place in Gaborone, Botswana, from 23 to 25 November, the conference will bring…

African Development Bank Group (AfDB)

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    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (1)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (2)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger

The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”

African Development Bank (www.AfDB.org) President Akinwumi Adesina is in Rio de Janeiro where he will reaffirm his commitment to ending hunger and malnutrition. The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”. It will be held from 18-19 November, and a major focus here…

African Development Bank Group (AfDB)

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    • Dr. James Kinyangi, CAW Coordinator, AfDB (second from left); H.E. Max Andonirina Fontaine, Minister of Environment and Sustainable Development, Madagascar (third from right); Louise Walker, Head of Private Sector and Capital Markets, FCDO (second from right); and Prof. Anthony Nyong, Director of Climate Change and Green Growth, AfDB (third from left) at the CAW COP29 side event
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Source: African Development Bank Group (AfDB) |

African Leaders Welcome Launch of African Development Bank’s Technical Assistance Facility to Unlock Climate Finance for Vulnerable Regions

Launch of the facility will enable the African Development Bank to increase the reach of the CAW's efforts

In a major step to address Africa's climate finance gap, the African Development Bank Group (www.AfDB.org) has launched a new funding call  that will transform the development of climate projects across 37 low-income African countries. With an initial allocation of $56 million, the Climate Action Window (CAW) Technical Assistance Facility,…

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    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) 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 agreement, signed on the margins of the 29th…

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

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

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    • Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days
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Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days

Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close

A group of top African investors made a stop in Casablanca, Morocco, on Tuesday, November 12 to mobilise Moroccan investors and business leaders a few weeks ahead of the Africa Investment Forum’s Market Days event. The Africa Investment Forum, an initiative of the African Development Bank Group and eight other…

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    • (from center left) AfdB VP President Kariuki with Tanzania's Vice President Philip Mpango, Fatih Birol, IEA Executive Director, and Damilola Ogunbiyi, Special Representative of the United Nations Secretary-General for Sustainable Energy for All, and other participants at a COP29 Clean Cooking side event
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP29): Lack of Clean Cooking Access Poses Deadly Risks for Millions in Africa, Leaders Urge Action

At a Paris summit held In May 2024, African Development Bank President Dr. Akinwumi Adesina pledged to allocate 20 percent of Bank financing for energy projects that promote clean cooking alternatives

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.    "It is unacceptable that women…

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

African Development Fund provides nearly $18 million for efforts to stabilise the Lake Chad Basin

Bank Group financing will be complemented by additional support of almost $20 million mobilised by UNDP

The Board of Directors of the African Development Bank Group (www.AfDB.org) 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. The funding, comprising…