Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

Annual Meetings of the Boards of Governors of the African Development Bank Group 11 - 14 June, 2019

The Governors of the African Development Bank are from the 54 African regional member countries and 27 non-regional member countries

Regional Integration for Africa's Economic Prosperity WHAT: The 54th Meeting of the Boards of Governors of the African Development Bank and the 45th Annual Meeting of the African Development Fund WHERE: Sipopo Conference Centre, Malabo, Equatorial Guinea WHEN: 11 - 14 June, 2019 The 54th Meeting of the Boards of…

Photo News Release: "There's no market where I can sell Africa's underdevelopment as a comparative advantage" - Akinwumi Adesina

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Côte d’Ivoire: Government seeks Bank’s support for $5.8 bln tourism plan

The document entitled "Sublime Côte d’Ivoire", was presented to the Bank’s Vice-President responsible for Private sector, Infrastructure and Industrialization, Pierre Guislain, at the headquarters in Abidjan

Ivorian Minister of Tourism Siandou Fofana on 25 April 2019 presented a strategy document aimed at making Côte d’Ivoire Africa’s fifth biggest tourism destination from 2025 to the African Development Bank (www.AfDB.org) , and sought its support to implement the plan. The document entitled "Sublime Côte d’Ivoire", was presented to…

Nigeria: Investors say African Development Bank’s Special Agro-Industrial Processing Zones will drive agricultural revolution

SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness

Senior Nigerian government officials and key investors have endorsed the African Development Bank’s (www.AfDB.org) Special Agro-Industrial Processing Zones (SAPZ) initiative, describing it as a pathway to Africa’s agricultural revolution. SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness. The…

Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road

The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million

The African Development Bank Group (www.AfDB.org), on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also…

Country Results Brief 2007-2018: The African Development Bank: a decade of key partnership with Guinea

Access to energy and development of agricultural and industrial value chains represent the two pillars of the Bank’s new strategy in Guinea

The African Development Bank (www.AfDB.org) on Wednesday released its most recent Country Report Brief for Guinea (http://bit.ly/2Wa3LVk). The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.…

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…

Nigeria: President Buhari commends African Development Bank’s transformative role

At the end of March 2019, the Bank’s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion

At a meeting with the African Development Bank (www.AfDB.org) President in Abuja, Nigeria’s President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution. “I want to recognize the support that the African Development Bank has given Nigeria in recent times. I remember the…

We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa

The Summit concluded with a joint Call to Action

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa. Attended…