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African Development Bank Group (AfDB)

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    • Congo national data centre under construction. As of early May 2024 the civil engineering component is around 60% complete
    • The data centre as it should look when completed in December 2024
    • Congo: New data centre funded by African Development Bank will cement national and subregional digital sovereignty
    • Michel Ngakala, coordinator of the Congo section of the Central Africa Fibre-Optic Backbone project, is adamant that the data centre will give Congo control over its digital data
    • Sié Antoine-Marie Tioyé (the Bank’s country economist in Congo) is certain that the data centre will contribute to the development of Congo's digital economy
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Source: African Development Bank Group (AfDB) |

Congo: New data centre funded by African Development Bank will cement national and subregional digital sovereignty

Financed by the African Development Bank, the futurist building will soon be the nerve centre for storing and processing the digital data of the Republic of Congo

Jolting hammer blows, the sounds of iron bars under a workman’s blowtorch, the odor of fresh cement: at the foot of the three-storey building rising in the Bacongo district of the Congolese capital, a sign tells visitors that a “National Data Centre Construction Project in Brazzaville” is happening here. Financed…

African Development Bank Group (AfDB)

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    • (L-R) Dr. Fatih Birol, Executive Director, International Energy Agency; Sierra Leone President Julius Maada Bio; United Republic of Tanzania President Dr. Samia Suluhu Hassan; Togolese Republic President Faure Gnassingbé; Norway Prime Minister Jonas Gahr Støre; Executive Vice President of European Green Deal, Interinstitutional Relations and Foresight Maroš Šefčovič; African Development Bank Group President Dr. Akinwumi A. Adesina
    • French President Emmanuel Macron gathered heads of state and international organizations at the Elysee to discuss the outcomes of the Summit on Clean Cooking in Africa
    • In a vibrant speech, Akinwumi Adesina, President of the African Development Bank Group, said it was time to end the spectacle of African women and girls hunched over carrying heavy loads, walking for miles every day, often in unsafe conditions, simply to be able to cook the family's daily meals
    • “To secure resources for clean cooking, this summit must call for an upcoming generous replenishment of the African Development Fund, which includes $12 billion for clean cooking,” urged Samia Suluhu Hassan, President of Tanzania
    • Norwegian Prime Minister Jonas Gahr Støre pledges $50 million for clean cooking in Africa
    • “This summit provided a firm commitment on an issue that has been ignored by too many people for too long,” said Fatih Birol, executive director of the International Energy Agency
    • Dan Jannik Jørgensen, Danish Minister for Development Cooperation and Global Climate Policy, welcomed the African Development Bank's initiative to create a dedicated clean cooking sub-programme under the Sustainable Energy Fund in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank commits $2 billion as it leads the way at landmark summit for access to clean cooking in Africa

The Bank’s pledge of $200 million per year represents an important contribution to the $4 billion per year needed to allow African families to have access to clean cooking by 2030

President Macron praises the African Development Bank (www.AfDB.org) for its catalytical role; Access to clean cooking is about more than cooking, it is about dignity, says Adesina; Tanzania’s President Suluhu calls for generous replenishment of African Development Fund to guarantee resources for clean cooking for Africa’s low-income countries. The African…

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

Zimbabwe: African Development Bank’s $15 million Trade Finance Package for First Capital Bank to support Small and Medium sized Enterprises (SMEs) and local enterprises

The line of credit will provide the much-needed hard currency financing to support FCB to close its trade finance gap and expand its trade finance support for SMEs and local corporates in Zimbabwe, a transition country

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area. The package, comprising a $7.5 million trade…

African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank and Stockholm International Peace Research Institute shake hands on new partnership agreement for conflict prevention and resilience building in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank and Stockholm International Peace Research Institute partner to advance evidence-based conflict prevention and resilience building in Africa

The agreement builds on the existing cooperation between both organizations and underlines their joint commitment to deepen the understanding of drivers of fragility and insecurity

On the sidelines of the 2024 Stockholm Forum on Peace and Development, the African Development Bank (www.AfDB.org) and the Stockholm International Peace Research Institute (SIPRI) have signed a Memorandum of Understanding to further advance their collaboration. The agreement builds on the existing cooperation between both organizations and underlines their joint…

African Development Bank Group (AfDB)

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    • Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women
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Source: African Development Bank Group (AfDB) |

Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women

The $4 billion needed annually is a small fraction of the $2.8 trillion invested globally in energy each year

Summit expected to build on ground-breaking clean cooking initiatives launched at COP28; African Development Bank’s Adesina (www.AfDB.org), Tanzanian President Hassan, Norway Prime Minister Jonas Gahr Støre and International Energy Agency Executive Director Fatih Birol to co-chair event. Development partners gathering in Paris on 14 May are expected to pledge towards the…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Dr Akinwumi Adesina told media leaders the African Development Bank would work with the AllAfrica Media organisation and African financial institutions to establish an Annual Africa Media Prize
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Source: African Development Bank Group (AfDB) |

African Development Bank proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements

The summit on the theme of “Re-engineering African Media in Times of Critical Transformation” brings together over 300 African media

Dr Akinwumi Adesina, the president of the African Development Bank Group (www.AfDB.org), announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents and media houses that showcase Africa’s achievements and progress. Adesina said the African Development Bank would work with the AllAfrica Media organisation…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Dr Adesina leads participants at the All Africa Media Leaders’ Summit in observing a minute of silence in honor of victims of the ongoing floods in Kenya
    • In a discussion with Julie Gichuru of the Mastercard Foundation after his address, Adesina said, “We cannot industrialise in the dark, we cannot develop in the dark. Our kids cannot be competitive in a world of darkness
    • African Development Bank Group President Calls for Media Transformation to Uplift Africa’s Global Narrative (1)
    • African Development Bank Group President Calls for Media Transformation to Uplift Africa’s Global Narrative (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Calls for Media Transformation to Uplift Africa’s Global Narrative

The Bank Group President also spoke about the challenges and transformations within the media sector, highlighting the impact of digital technology

The President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi Adesina, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting it was critical for changing false narratives. Adesina said this on Thursday in a keynote speech to the All Africa’s Media summit in…

African Development Bank Group (AfDB)

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    • African Development Bank advocates for agritech scaling, partnerships and affordable fertilizer access at Africa Fertilizer and Soil Health Summit
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Source: African Development Bank Group (AfDB) |

African Development Bank advocates for agritech scaling, partnerships and affordable fertilizer access at Africa Fertilizer and Soil Health Summit

The event will explore solutions to widespread declines in farmland soil quality and build consensus on an African Fertilizer and Soil Health Action Plan

This week, the African Development Bank Group (www.AfDB.org) will leverage its deep expertise and convening power to highlight the crucial role of agricultural technologies, fertilizer and healthy soils in driving sustainable agricultural growth at the Africa Fertilizer and Soil Health Summit in Nairobi. Representing Bank Group President Dr. Akinwumi A.…

African Development Bank Group (AfDB)

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    • Eyerusalem Fasika, African Development Bank Ghana country Manager (middle), delivering her opening remarks during the hybrid launch of the MicroGREEN project in Accra. Joining her physically are Carol Anang, Invest In Africa Country Manager for Ghana (right), and Bekale Ollame, Ghana Country Program Officer (left)
    • Screenshot of online participants during the launch
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Source: African Development Bank Group (AfDB) |

Fostering Inclusive Growth: African Development Bank and Invest in Africa unveil MicroGREEN Project to Empower Marginalized Groups

The project seeks to generate up to 500 green job opportunities while delivering essential business development services

The African Development Bank (www.AfDB.org) and Invest in Africa have jointly launched the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled "Strengthening Women, Youth and People with Disabilities’ Micro Entrepreneurship for Green Jobs in Natural Resources (MicroGREEN),” the project seeks to generate…

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    • The 2024 award conference was attended by road experts from several African countries, in addition to the selection committee
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: two African heads of state receive 2024 Babacar Ndiaye Prize

The “Africa Road Builders” prize was created in honour of Babacar Ndiaye, who was President of the African Development Bank Group from 1985 to 1995

The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso. They follow in the footsteps…