Source: African Development Bank Group (AfDB) |

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

The Bank’s support to the energy sector has more than doubled over the past three years to the current level of 410.66 million euros

The African Development Bank (AfDB.org), Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of the NELSAP Regional Interconnection Project involving…

Source: African Development Bank Group (AfDB) |

Africa Day at COP 25 takes stock of climate talks

Africa Day marks Africa’s presence and participation at the various United Nations Climate Change Conference (UNFCCC) sessions since COP 17

What:              Africa Day When:             10 December 2019     Where:            Room 3, Hall 4 at IFEMA Conference Centre, Madrid Time:              18:30 to 20:00 Who:               Jointly organized by the African Union Commission, African Development Bank (http://AfDB.org/), and the United Nations Economic Commission for Africa       Officials, experts, activists and journalists…

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

African Development Bank’s Fashionomics Africa launches “game changing” digital marketplace for the continent’s fashion creators

The aim is to connect suppliers, buyers, manufacturers and distributors to consumers and investors - to increase access and grow markets

The African Development Bank’s (www.AfDB.org) flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives…

Source: African Development Bank Group (AfDB) |

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

To follow in the footsteps of my big brother President Paul Kagame of Rwanda, who won the award in 2018, is an honour beyond description – Akinwmi Adesina

African Development Bank (https://www.AfDB.org/en) President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The…

Source: African Development Bank Group (AfDB) |

African Development Fund (ADF-15) replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

The Fund comprises 32 contributing states and benefits 37 countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

Source: African Development Bank Group (AfDB) |

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

One of the highlights of this year’s conference was a session for young African entrepreneurs to share their work and ideas to shape the future of the continent

Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure –…

Source: African Development Bank Group (AfDB) |

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now! (by Hanan Morsy)

The 2019 African Economic Conference (AEC) is held in Egypt and hosted by the Bank on the theme; “Jobs, entrepreneurship and capacity development for African youth"

by Hanan Morsy “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with…

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

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

The recommendations from the youth dialogue were presented to African ministers at a ministerial roundtable later at the African Economic Conference (AEC)

Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm…

Source: African Development Bank Group (AfDB) |

African Development Bank launches digital tool to help African youth learn to code

The goal is to scale up the program to 130 centers of excellence across the continent over a 10-year period

The African Development Bank (www.AfDB.org) and technology firm Microsoft (https://bit.ly/2LiaqcU) today launched the ‘Coding for Employment’ digital training platform (https://Coding4Employment.org/), an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to…

Source: African Development Bank Group (AfDB) |

Government of Flanders Grants 1 Million Euros to the Africa Climate Change Fund to Support 5 Projects in Malawi, Mozambique and South Africa

The new contribution follows an initial grant of two millions euros to the Africa Climate Change Fund (ACCF) in November 2016 by the Flanders government, bringing the total contribution to the ACCF to 11.4 million euros

The Government of Flanders this year has committed 1 million euros to the Africa Climate Change Fund (ACCF) (http://bit.ly/34JgdzF) to support five projects in three African countries - Malawi, Mozambique and South Africa. In Malawi, the project will contribute to “demonstration of an innovative results-based finance model for adaptation to…