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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…

African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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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…

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    • The African Development Group and Agence Française de Développement to jointly boost entrepreneurship in Africa. AFD Remy Rioux (left) and Akinwumi Adesina. Abidjan, October 11, 2024
    • African Development Bank, Agence Française de Développement cement partnership to support youth entrepreneurship in Africa (1)
    • African Development Bank, Agence Française de Développement cement partnership to support youth entrepreneurship in Africa (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank, Agence Française de Développement cement partnership to support youth entrepreneurship in Africa

Africa is home to the youngest population in the world with over 60% of people on the continent below 25 years

The African Development Bank Group (www.AfDB.org) and Agence Française de Développement (AFD) on Friday announced they would renew their joint efforts to catalyse resources to boost entrepreneurship in Africa as a crucial driver of economic development, tackling unemployment and reducing inequality. African Development Bank President Dr Akinwumi A. Adesina and…

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    • Benin's Minister of Economy and Finance, Romuald Wadagni, announces $ 2 million for the African Development Fund at the opening session of the Mid-Term Review of the 16th Replenishment of the Fund. Cotonou, October, 2024
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Source: African Development Bank Group (AfDB) |

ADF-16: Benin to contribute $2 million to the African Development Fund

Benin becomes the seventh African country to contribute, joining Algeria, Angola, the Democratic Republic of Congo, Egypt, Morocco and South Africa

Benin joins six other African countries that contribute to ADF; 74 million people in Africa have benefitted from improvements in agriculture for food security through the Fund. Benin has pledged $2 million to the next replenishment of the African Development Fund, the concessional window of the African Development Bank Group.…

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    • Justine Gantekpin’s thriving market garden in Djeffa, expanded thanks to the support of project
    • A PAIAVO project beneficiary tending to his plot
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Source: African Development Bank Group (AfDB) |

Modernizing Agriculture: African Development Fund Project Changes Lives in Benin’s Ouémé Valley

Launched in 2014 with €63.63 million in funding from the African Development Bank Group’s concessional window, the African Development Fund, the project has supported 14 localities across Benin’s Ouémé, Zou, and Atlantique districts

The sun rises early over Djeffa, a locality in southeastern Benin’s Sèmè-Podji district where Justine Gantekpin is already tending to her flourishing vegetable farm. Thanks to the African Development Fund Project for Support of Agricultural Infrastructure in the Ouémé Valley (http://apo-opa.co/3Ydp5vP), Gantekpin has expanded her farm from a small plot…

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    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet
    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet (FR)
    • African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet (PT)
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Source: African Development Bank Group (AfDB) |

African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet

In his new role, Moreira will focus on the initiative in the Bank’s Ten-Year Strategy to revalue Africa’s green wealth, working closely with the Economic Governance and Knowledge Management Vice Presidency, and other stakeholders

The African Development Bank Group (www.AfDB.org) has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective 1 July 2024. Dr. Pinto Moreira, a Beninise economist, brings to the role over three decades of experience in macro-fiscal, growth, poverty, economic governance, trade, and competitiveness-related…

African Development Bank Group (AfDB)

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    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (1)
    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Climate Investment Funds Deliver Just Transition Planning Masterclass for African Decision-Makers

The initiative brought together 25 policymakers, civil society organizations, and technical experts from pilot countries to collaborate on practical solutions for inclusive climate action

As Africa transitions toward a climate-resilient, low-carbon economy, the African Development Bank (www.AfDB.org), with support from the Climate Investment Funds (CIF) (http://apo-opa.co/3NaTp3W), is reinforcing its commitment to a just transition across the continent. In line with this commitment, key decision-makers from Ghana, Kenya, Uganda, and Namibia recently gathered in Nairobi…

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    • On-site production of oxygen is saving the lives of newborn babies at Gitego general hospital
    • Franck Arnaud Ndorukwigira, doctor and deputy director of Gitega regional hospital, leads a tour of the wards
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Source: African Development Bank Group (AfDB) |

Burundi: Electricity from the Rusumo Falls power station, built with support from the African Development Bank, is saving the lives of hospital patients and premature babies

Cheap and reliable hydroelectric supplies mean that the Gitega hospital can spend more money on medical equipment and hospital teams can focus on saving lives

“One day, in the operating theatre, there was a power cut́ in the middle of a laparotomy [opening of the abdomen] for a case of pelvic peritonitis. We had to finish the operation using a torch. It was very hard.” Dr Franck Arnaud Ndorukwigira, doctor and deputy director at Gitega…