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

Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg

The African Development Bank (www.AfDB.org) today announced the addition of two new countries - Mauritius and Morocco - to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market. The African Development Bank administers the ABABI, a family…

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

Africa Free Trade Agreement: President Adesina receives award for strong leadership and support

Boshe, a patron of the AeTrade Group, thanked the awardees for their strong leadership in the process that led to the African Continental Free Trade Area coming into force

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina and 10 African Heads of State and Government were on Friday honoured  for their leadership in the African Continental Free Trade Area (AfCFTA) process. The AfCFTA, the largest free trade area in the world, began trading on 1 January 2021 and is…

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

COP26 Roundtable: ‘2021 will be critical in the fight against COVID-19 and climate change’ – UN Secretary-General António Guterres

COP26 President Sharma said the global transition to clean power must move at least four times the current pace to achieve targets set out in Paris Agreement on climate change

African Development Bank (www.AfDB.org) President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this. The virtual COP26 Roundtable on Clean Power Transition, under the theme “Achieving a rapid shift…

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

African Development Bank President Adesina named a champion of Africa’s Great Green Wall climate-adaptation initiative

In the role of champion, Adesina will lead the mobilisation of political and economic support for the initiative

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina has been announced as a champion of Africa’s Great Green Wall (GGW) initiative. The appointment was made at a forum held in the margins of the One Planet Summit 20201 to mobilise support for the ambitious project to plant an 8,000 km…

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

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel

The Sahel region's Great Green Wall Initiative received a major boost from the African Development Bank (www.AfDB.org) on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years,…

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

Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit, January 11, 2021

The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation

By Dr. Akinwumi Adesina, President of the African Development Bank Group (www.AfDB.org) Your Excellency, President Emmanuel Macron, His Royal Highness Prince Charles, the Prince of Wales, Your Excellency President Ghazouani of Mauritania, Excellencies, distinguished ladies and gentlemen. I wish to thank President Macron for inviting me to this One Planet Summit’s Great Green…

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

Chad: The African Development Bank grants $11.26 million for women and girls’ education

The Project aims to help improve access to quality secondary education in a safe and healthy school environment for 5,000 girls

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a grant of $11.26 million to the Government of Chad to finance the Girls' Education and Women's Literacy Project– the first Bank grant exclusively targeting women and girls. The project will be financed from the Bank's Transition Support…

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

The African Development Bank Appoints Directors General and Deputy Directors General in Regional Offices

As Director General, Central Africa, Serge will drive and ensure the operational efficiency, effectiveness and overall health of the Bank's portfolio across the Central Africa Region

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Directors General for the East, Central and Southern Africa regions and Deputy Directors General for the East, Central, Northern, Southern and West Africa regions. Serge N’Guessan, Director General, Central Africa Region As Director General, Central Africa, Serge…

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

The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals

The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa.  MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean,…

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

African Development Bank Group approves UA 16 million to strengthen legal expertise and negotiating capacities of transition states

The funds, from the African Development Fund (ADF) Transition Support Facility, will provide additional funding and operational flexibility

The Boards of Directors of the African Development Bank (www.AfDB.org) and the African Development Fund (ADF) have approved a grant of UA 16 million to the African Legal Support Facility (ALSF) to strengthen legal expertise and negotiating capacities of transition states in Africa. The funds, from the ADF’s Transition Support…