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    • Pierrette Kouakou, CEO of Fin’Elle (2nd from right), a key AFAWA partner and recipient of part of the $1 billion in resources to reduce the gap in access to finance for Africa’s women entrepreneurs. AFAWA-backed entrepreneur Clementine Kassi (far right), Esther Dassanou, AFAWA Manager (2nd from left), Benard Chitunga, AFAWA (far left), with Sophie Chassot, Gender Expert, French Ministry of Foreign Affairs (center). Paris, November 2022
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa

AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa Food Summit)

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) (http://bit.ly/3sggisg) initiative has reached a landmark $1 billion in approved funding designated for lending to African  women entrepreneurs. This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges…

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    • Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world
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Source: African Development Bank Group (AfDB) |

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself

The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in…

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    • From left: Luísa Diogo, former Prime Minister of Mozambique, Dr. Akinwumi A. Adesina, President of the African Development Bank Group, Jamie Cooper, Founder and President of Big Win Philanthropy and Co-Chair of AMALI, Dr. Nkosazana Dlamini-Zuma, Minister of Cooperative Governance and Traditional Affairs of South Africa, Alan Winde, Premier of the Western Cape. Image source: African Mayoral Leadership Initiative (AMALI)
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Source: African Development Bank Group (AfDB) |

“Let Us Act to Transform Africa’s cities”—African Development Bank President to African Mayors

African Development Bank Group President, Dr Akinwumi A. Adesina, assures mayors at the African Mayoral Leadership Initiative (AMALI) of the Bank’s support to creatively and sustainably transform their cities

By 2050, the number of people living in African cities is expected to double from about 600 million to 1.2 billion, representing the most rapid rate of urbanisation in the world. This poses significant development challenges, which will require innovative, African-led solutions. In rousing remarks to the mayors of 15…

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    • Meeting between AfDB delegation and Swiss ambassadors in the West Africa region, Friday 23 January 2023, Abidjan, Cote d'Ivoire
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African Development Bank Group team meet Swiss envoys from West Africa to discuss Africa’s development agenda

The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January

Swiss ambassadors meeting in the Ivorian commercial capital Abidjan invited a senior management team from the African Development Bank Group (www.AfDB.org) to exchange views on development and cooperation. The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January.…

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    • L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d'Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa's Macroeconomic Performance and Outlook
    • Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report
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Source: African Development Bank Group (AfDB) |

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report

African Development Bank’s new report calls for bold policy actions to help African economies mitigate compounding risks

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s…

Source: African Development Bank Group (AfDB) |

Second International Summit on Food Production in Africa to Open in Dakar

Heads of state and government to chair sessions on developing country food and agriculture delivery compacts, spur commitment to political action toward eliminating hunger, malnutrition and extreme poverty in Africa

African heads of state and government together with development partners will gather in Senegal to strategically map plans to unlock Africa’s food-producing potential and position the continent to become a breadbasket to the world. President Macky Sall of Senegal, and Chairperson of the African Union, will host the three-day Dakar…

Source: African Development Bank Group (AfDB) |

In South Africa, medical trains boost mental health services to rural communities

“We want to be the adults that children can speak to” – Nthombi Pukwana, clinical psychologist, Transnet Phelophepa train

The observance of World Mental Health Day in October, gave us a chance to reflect on the transformative impact of Transnet’s Phelophepa medical train on mental health services in South Africa. Phelophepa has been providing healthcare to rural communities in South Africa for more than 20 years. Darling, Western Cape,…

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    • Winners of a previous AgriPitch Competition, pictured with African Development Bank and competition partner officials, receive big checks to fund their businesses
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The African Development Bank Group’s $140,000 AgriPitch Competition names 25 finalists vying for top prizes

The AgriPitch Competition is a central and recurring activity of the African Development Bank’s ENABLE Youth Program

Twenty-five youth-led agriculture sector companies from 14 African countries have advanced to the finalist round of the African Development Bank (www.AfDB.org) Group’s 2022 AgriPitch Competition. The Bank, in collaboration with the implementing lead Private Equity Support and partner organizations Eldohub and the Private Finance Advisory Network, announced the 25 finalists…

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African Union Member States Pledge to Improve Nutrition and Food Security in Africa

African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the signing of an “Abidjan Declaration”

African Union Member States meeting in Abidjan have called on governments to speed up investment, coordination and implementation of programs to improve nutrition and food security in Africa. African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the…

Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million…