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

African Development Bank Invests in Pioneering SPARK+ Africa Fund to Deliver Clean Cooking Solutions

The Bank’s investment, which will come from its Sustainable Energy Fund for Africa (SEFA), is expected to enable the participation of other interested investors

The African Development Bank’s (https://www.AfDB.org/) Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The European Commission will contribute an additional €10 million. The Bank’s investment, which will come from its Sustainable Energy…

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

Put small-scale traders at the heart of efforts to accelerate trade and investment in Africa post COVID-19

The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank

Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives. The joint webinar, organized on Tuesday by  the African Development…

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

Tanzania: African Development Bank approves $120 million loan to build Malagarasi Hydropower Project

The hydropower plant’s expected average annual output of 181 GWh will meet the electricity needs of as many as 133,649 Kigoma households

The Board of Directors of the African Development Bank (https://www.AfDB.org/) have approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania that will provide reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in the Kigoma Region. The Malagarasi…

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

Youssou N’Dour, Graca Machel, Akinwumi Adesina discuss building back better after COVID-19 at Civil Society Forum

The two-day CSO Forum kicked off on Thursday under the theme “Engaging Civil Society in building back better after COVID-19”

Harness civil society’s “incredible potential to accelerate social change at scale” - Graça Machel; “Africa’s time is now. This should not only be words or prayers. It is within reach. I’m sure (the African Development Bank (https://www.AfDB.org/)) will be able to meet this challenge” - Youssou N’Dour; “We will work…

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

African Development Bank’s Civil Society Committee holds first virtual statutory meeting, announces new committee representatives

The Bank named 11 civil society representatives from across the continent to the committee

The African Development Bank (www.AfDB.org) has held the first virtual statutory meeting of the new African Development Bank-Civil Society Committee ahead of the Civil Society Forum to be held on 26-27 November 2020.  The committee, which met on Tuesday, aims to build stronger partnerships with the African civil society community…

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

Africans “know and understand what development ought to look like,” says President Uhuru Kenyatta

Kenyatta noted that on a continent of around 1.3 billion Africans with a median age of around 20 years, there is a very tangible underlying sense of urgency when it comes to expectations of government

President of Kenya Uhuru Kenyatta urged African governments to put their citizens at the centre of delivering service during Africa Delivery Exchange 2020, a virtual event that opened Tuesday. In remarks to open the two-day workshop, Kenyatta noted that on a continent of around 1.3 billion Africans with a median…

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

Remarks by Dr. Akinwumi A. Adesina, President, African Development Bank, at the African Delivery Unit Exchange Conference, November 24, 2020

The Delivery Unit Exchange will offer excellent opportunities to share best practices and partnerships to improve the delivery of quality projects for transforming Africa

Your Excellencies, President Uhuru Kenyatta of Kenya, former Prime Minister of the United Kingdom, Rt. Hon. Tony Blair, Honorable Ministers, Ambassadors, Lord Mayors, the Board of Directors, Senior Management and Staff of the African Development Bank Group (www.AfDB.org), Distinguished guests, ladies and gentlemen. Welcome to the Delivery Unit Exchange Conference,…

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

Africa Industrialisation Day: African Development Bank calls for Faster Industrialisation of African Economies

The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies

At the forefront of promoting smart industrial policies and mobilising infrastructure development funding for Africa, the African Development Bank (https://www.AfDB.org/) on Africa Industrialization Day 2020, urges the continent to accelerate industrialization for the transformation of African economies. The African Development Bank counts Industrializing Africa as one of its High-5 key…

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

African Development Bank’s investments are transforming the continent, unlocking economic potential, and spurring development - 2020 Annual Development Effectiveness Review (ADER) report

20.3 million people are benefiting from improvements in agriculture (47% women); 3,919 km of feeder roads rehabilitated or built

From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (https://www.AfDB.org/) are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness Review (ADER) (https://bit.ly/3pLL75t), released on Friday. The report, which analysed the Bank’s contribution to Africa’s…

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

African Development Bank’s AgriPitch competition awards $120,000 in prizes to African youth “agripreneurs”

The AgriPitch competition offered young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals to a panel of experts and investors

The founder of a cassava processing business in Kenya, a co-founder of a novel food processing technology start-up, and the owner of a smallholder farmer food procurement company in Nigeria won the top cash prizes in the African Development Bank’s (https://www.AfDB.org/) $120,000 AgriPitch competition on Tuesday. The AgriPitch competition offered…