Source: African Development Bank Group (AfDB) |

Kenya receives new €235 million loans from African Development Bank to complete Thwake dam

The package, which was requested by Kenyan authorities, comprises two loans – €192.570 million from the Bank and €43.193 million from the Africa Growing Together Fund (AGFT)

The African Development Bank's (www.AfDB.org) Board of Directors has approved two loans worth €235.763 million for the completion of  construction work on Thwake dam on Thwake River in southern Kenya (https://bit.ly/2DxMe2W). This is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including…

Source: African Development Bank Group (AfDB) |

Women Must Redesign the table, and not just expect to be at the table, says Ģraça Machel

Graca Machel spoke during the 22nd Eminent Speakers’ Lecture of the African Development Institute held at the Babacar N’diaye Auditorium in Abidjan, Cote d’Ivoire

Dame Graça Machel, one of Africa’s foremost advocates for the rights of women and children, has called on African women and policy makers to challenge gender inequality and inadequate female representation in the continent’s business and economic, political and policy space. “Africa’s socio-economic transformation will only be realized once we…

African Development Bank Group (AfDB)
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    • Unveiling the Zimbabwe Economic Report: from left to right – Malcolm Pautz, G:ENESIS Analytics; Damoni Kitabire Country Manager COZW; Zvinechimure R. Churu, Principal Director Ministry of Finance and Economic Development; Walter Odero, Principal Country Economist COZW; Ferdinand Bakoup, Ag. Director ECCE; and George A. Kararach, Lead Economist RDGS
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Source: African Development Bank Group (AfDB) |

“Building a new Zimbabwe”, a flagship report launched by the African Development Bank to spark the country’s economic development

It provides the current government, the donor community, and the private sector with a detailed assessment of investment opportunities in Zimbabwe

The African Development Bank (AfDB) (www.AfDB.org) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country. Prepared by the Bank Group’s Economic Governance and Knowledge Management Vice-Presidency, the report was…

Source: African Development Bank Group (AfDB) |

African Development Bank to play bigger role in African economies by investing in infrastructure private equity

The Bank’s investment will also ensure the highest environmental and social standards are applied to Africa Infrastructure Investment Fund (AIIF3)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa

The Forum highlighted a solid pipeline of projects and wealth of opportunities ready for investors

“Vision is the art of seeing what is invisible to others,” a saying goes. When African Development Bank (www.AfDB.org) President Akinwumi Adesina laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. One…

Source: African Development Bank Group (AfDB) |

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Development Bank achieves significant progress with energy projects across Africa

Noteworthy gains were realized in the energy sector as various expressions and letters of interest were signed for projects in Ethiopia, Ghana, Angola and Cameroon

The just-concluded Africa Investment Forum (AfricaInvestmentForum.com) successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the Africa Energy Market Place (AEMP) (https://bit.ly/2PXQEa3) progressed with country-specific discussions that began at the inaugural AEMP in July 2018…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Financial Alliance on Climate Change (AFAC) unveils guiding principles

Its Steering Committee, which provides overall direction and guidance, is constituted to ensure representation by key institutions within the African financial sector

The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum (www.AfricaInvestmentForum.com). Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa. Its…

Source: African Development Bank Group (AfDB) |

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg

 “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org, will consolidate, validate, and disseminate energy data and…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum exceeds expectations, participants unanimously agree

Adesina: “the needle is shifting, pointing to the right direction, pointing to Africa"

The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. The Africa Investment Forum (www.AfricaInvestmentForum.com) ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that…