Source: African Development Bank Group (AfDB) |

“Our goal is to surpass developed countries,” African Development Bank VP tells fourth industrial revolution forum

The event attracted Ivorian and regional ministers as well as officials, senior Bank staff and private sector executives

Africa is not only ready for the fourth industrial revolution. It is set to outdo the achievements of the developed world. That was one of the messages that emerged at a seminar hosted by the African Development Bank (AfDB.org) at its headquarters in Abidjan. The event attracted Ivorian and regional…

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

EAC hosts the 30th New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Oversight Committee in Arusha

The meeting which took place on the 13th and 14th of February 2020, convened over 30 participants

The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) held its 30th Oversight Committee meeting for the Special Fund at the headquarters of the East African Community, in Arusha, Tanzania. The meeting which took place on the 13th and 14th of February 2020, convened over 30 participants, including…

Source: African Development Bank Group (AfDB) |

African Development Bank Director Hanan Morsy named one of Egypt’s 50 most influential women

Dr Hala El Said, Egypt’s Minister of Planning and Economic Development, gave the award on 5 February in a ceremony organized under auspices of the Egyptian Prime Minister

The Director of Macroeconomic Policy, Forecasting and Research at the African Development Bank (https://www.AfDB.org/), Dr Hanan Morsy, has been named one of Egypt’s 50 most influential women. Dr Hala El Said, Egypt’s Minister of Planning and Economic Development, gave the award on 5 February in a ceremony organized under auspices…

Source: African Development Bank Group (AfDB) |

Getting Africans ready for the Fourth Industrial Revolution (4IR)

The African Development Bank will hold a workshop on the ability of the emerging technologies of the fourth industrial revolution to overcome the challenges that Africans face

WHAT: Workshop on the digital economy and the fourth industrial revolution in Africa WHO: The Industrial and Trade Development Department and Corporate IT Department WHEN: 19 to 20 February 2020 from 9 am to 5 pm WHERE: Babacar Ndiaye Auditorium, African Development Bank Headquarters The African Development Bank (AfDB.org) will…

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

African Development Bank Rebuts World Bank President’s comments on Africa’s debt profile

The African Development Bank’s Africa Legal Support Facility (ALSF) supports countries to negotiate terms of their royalties and taxes to international companies, and terms of their non-concessional loans to some bilateral financiers

In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank (https://www.AfDB.org), have a tendency to lend too quickly and in the process, add to the continent’s debt problems. Download Document: http://bit.ly/3btFgKW This statement is inaccurate and not fact…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $1 million grant for Uganda to stem Ebola transmission

Funds have been disbursed through the World Health Organization (WHO), which is the implementing agency

The African Development Bank (AfDB.org) has released a $1 million grant to Uganda to help the East African country tackle an outbreak of the Ebola virus. The grant to support Uganda’s National Ebola Viral Disease (EVD) Preparedness and Response Plan, was approved in January. Funds have been disbursed through the…

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

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

Trudeau called for cooperation among international partners and governments to create economic opportunity and prosperity that is broadly shared

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.  Trudeau, the 2020 chair of the United Nations…

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

African Union (AU) Summit: First continental report on implementation of Agenda 2063 unveiled

The report provides an assessment of the progress and performance of Africa’s development between 2013 and 2019

The African Development Bank (http://www.AfDB.org/), the United Nations, and the African Union on Saturday acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation. The call was made on Saturday at the launch of the first report on the implementation…

Source: African Development Bank Group (AfDB) |

AU Summit: African leaders call for action to end malnutrition by 2025

Leaders acknowledged the scope of the challenge but sounded a note of optimism

African countries have made progress toward eradicating malnutrition and stunting but need to do more to hit United Nations malnutrition targets by 2025. This was the main message of a meeting that took place during the 33rd African Union Summit. Speakers at a meeting of the African Leaders for Nutrition…

Source: African Development Bank Group (AfDB) |

‘A blueprint to address the continent’s human capacity gap.’ African Development Bank’s African Economic Outlook 2020 lauded at 33rd AU Summit

If the recommendations in the African Economic Outlook are implemented, there is no stopping the continent.” - Caleb Meakins, social entrepreneur, global campaigner against poverty and TedX speaker

The report reminds us of the size of the investment that must be made in the development of human capital in Africa.” - Victor Harison, the African Union Commissioner for Economic Affairs; “If the recommendations in the African Economic Outlook are implemented, there is no stopping the continent.” - Caleb Meakins,…