Source: African Development Bank Group (AfDB) |

African Development Bank and Portuguese-speaking countries sign declaration to spur economic development in Lusophone Africa

“Compact” seeks to attract increased private investment opportunities

The African Development Bank (www.AfDB.org) and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Dr. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement…

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

Africa50 Meeting: Kenyatta and Adesina call for accelerated private sector investment in infrastructure

Kenyatta announced Kenya would double its current shareholding investment in Africa50 to US$ 100 million

President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide…

Source: African Development Bank Group (AfDB) |

African Development Bank ranked 4th best company to work for in Africa

Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank

The 2018 Careers in Africa Employer of Choice Survey (https://goo.gl/pnrSsw) has ranked the African Development Bank (www.AfDB.org) the fourth best company to work with in Africa. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. To read the full…

Source: African Development Bank Group (AfDB) |

We have high hopes and expectations for your country, Adesina tells President of São Tomé and Príncipe

The International Center for Tropical Agriculture, established by the government to oversee phytosanitary inspections, received US $5 million in funding from the African Development Fund

African Development Bank (www.AfDB.org) President, Akinwumi Adesina, met with São Tomé and Príncipe (https://goo.gl/oL4eNM) President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022. “We have long been a supporter of your country and have great hopes…

Source: African Development Bank Group (AfDB) |

African Development Bank Launches Coding for Employment Program: Unleashing Africa’s Next Generation of Digital Innovators

Over the last 15 years, the African Development Bank has invested US $1.64 billion in programs to prepare youth for careers in science, technology and innovation

The African Development Bank (www.AfDB.org), together with partners – The Rockefeller Foundation (www.RockeFellerFoundation.org), Microsoft (www.Microsoft.com) and Facebook (www.Facebook.com) – launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this…

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

African Development Bank President in São Tomé and Príncipe to strengthen alliances

The project – financed by a US $2.16-million loan from the African Development Fund, $299,000 from the World Bank and €345,600 from the Portuguese Trust Fund – aims to expand financial inclusion on the island

The first President of the African Development Bank (www.AfDB.org) group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was welcomed by…

African Development Bank Group (AfDB)
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    • The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa (1)
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Source: African Development Bank Group (AfDB) |

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

This partnership reinforces the work of the Africa NDC Hub hosted by the African Development Bank, in accelerating climate action to transition Africa towards a low carbon and climate resilient development pathway

The African Development Bank  (www.AfDB.org) and the Global Green Growth Institute (GGGI) (www.GGGI.org) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, (https://am.AfDB.org/en) to promote programs, projects, joint studies and research activities to accelerate green growth options for African…

Source: African Development Bank Group (AfDB) |

African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate Change

The international community has pledged to mobilize $100 billion in climate finance per annum by 2020 to support adaptation and mitigation projects in developing countries

Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Of the 10 countries in the world that are most threatened by climate change, seven are in Africa. Cognizant of this situation, the African Development Bank (www.AfDB.org) led the way to what may turn…

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Source: African Development Bank Group (AfDB) |

Korea ready to share its technological and industrial revolution experience with Africa, says President Moon Jae-in

The Chairman of the African Union and Rwandan President, Paul Kagame noted that holding the Annual Meetings in Busan presents a unique opportunity to enforce the growth cooperation between Africa and the Republic of Korea

Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution. His message came at the opening ceremony of the 53rd Annual Meetings of the African Development Bank (https://AM.AfDB.org/en). “Africa is no longer the sleeping lion.…

Source: African Development Bank Group (AfDB) |

African Development Bank delivers strong operational results

The Bank is scaling up its efforts to accelerate the pace of industrialization, supported by its presence in 38 countries and by timely and quality operations

The African Development Bank (www.AfDB.org) is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness Review (ADER) (https://goo.gl/LQoJUJ), which was released at the Bank’s Annual Meetings in Busan, Republic of Korea. Every year, ADER scrutinizes the Bank’s operational effectiveness…