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

Annual Meetings of the Boards of Governors of the African Development Bank Group: “Accelerating Africa’s industrialization”

21 – 25 May 2018, Busan Exhibition Conference Center, Busan, Republic of South Korea

The 53rd Annual Meeting of the Board of Governors of the African Development Bank and 44th Meeting of the Board of Governors of the African Development Fund (http://www.AfDB.org/am), the concessional arm of the Bank Group, are scheduled to take place from May 21-25, 2018 in Busan, Korea. While Africa has…

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

African Development Bank at the centre of “a great Africa moment”: North African Governors

“Africa is the continent of the future.” – Tunisian Finance Minister Zied Ladhari

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina (www.AfDB.org), said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers…

African Development Bank Group (AfDB)
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    • In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region
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Source: African Development Bank Group (AfDB) |

East African Ministers share African Development Bank’s vision for the continent

“Regional integration is a survival issue.” – Djibouti Finance Minister, Hmadou Ibrahim

In a historic first, East African Governors of the African Development Bank (www.AfDB.org) met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the…

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    • The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment
    • The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment
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Source: African Development Bank Group (AfDB) |

Africa’s population explosion is a ticking time bomb — African Development Bank Governors

Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth

The African Development Bank (www.AfDB.org) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for…

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

Adesina Urges America to Support African Agriculture as a Business

I do not seek aid for Africa. I seek investments in Africa – Akinwumi Adesina, President of the African Development Bank

The President of the African Development Bank (www.AfDB.org), Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum (www.USDA.gov/oce/forum) in Virginia on Thursday, on…

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    • African Development Bank President briefs diplomatic corps in Côte d’Ivoire on progress and perspectives for Africa’s development
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    • Speech Delivered by Dr. Akinwumi A. Adesina, President of the African Development Bank on the Occasion of the 2018 Diplomatic Luncheon
    • Allocution de M. Akinwumi A. Adesina, président de la Banque africaine de développement, à l’occasion du déjeuner du nouvel an 2018 en l’honneur des membres du corps diplomatique
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Source: African Development Bank Group (AfDB) |

African Development Bank President briefs diplomatic corps in Côte d’Ivoire on progress and perspectives for Africa’s development

Adesina calls for strong support to the Bank’s General Capital Increase

The President of the African Development Bank Group (www.AfDB.org), Akinwumi Adesina, hosted the annual luncheon of diplomats accredited to Côte d’Ivoire in Abidjan on Tuesday with an appeal on the Bank’s member countries to contribute to the 7th General Capital Increase to enable the institution to realise its development objectives.…

Source: African Development Bank Group (AfDB) |

2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization

The Bank would organise the Africa Investment Forum on November 7-8, 2018 in Johannesburg, South Africa, to mobilise funds for infrastructure development, to bridge an estimated funding gap of $130-$170 billion a year

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook (http://APO.af/GHTmei) launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said…

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

The 2018 African Economic Outlook will be launched today

The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis

The launch of the African Development Bank’s (www.AfDB.org) 2018 flagship African Economic Outlook (AEO) report, the first to ever be released in January of a calendar year and at the Bank’s Headquarters in Abidjan will be streamed live as follows – English: http://APO.af/pDeGXQ The African Economic Outlook bridges a critical…

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

African Development Bank launches Youth Advisory Group to create 25 million jobs

The Jobs for Youth in Africa initiative aims to create 25 million jobs and benefit 50 million youth over the next 10 years by equipping them with the right skills to get decent and meaningful jobs

The President of the African Development Bank Group (AfDB) (www.AfDB.org), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the Bank’s Jobs for Youth in Africa Strategy (JfYA) (http://APO.af/nRtVAs).   The Jobs for Youth…

Source: African Development Bank Group (AfDB) |

African Development Bank strongly supports Nigerian Government’s economic recovery efforts

The African Development Bank is in consultations with the Government on how best to continue its support for its laudable Economic and Growth Recovery Plan through investment projects

The African Development Bank (www.AfDB.org) wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. The African Development Bank is highly encouraged by the economic recovery of Nigeria…