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African Development Bank Group (AfDB)

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    • Marie-Laure Akin-Olugbade, African Development Bank Vice President (right), Ahmadou Abdoulaye Diallo, Director General of the African Solidarity Fund ( center) and Algerian Prime Minister Aїmene Benabderrahmane ( left), during the 2nd Dakar Financing Summit in Senegal 02.02.2023
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Source: African Development Bank Group (AfDB) |

At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030

The 2nd Dakar Financing summit For Africa's Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase. African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by…

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

Cameroon: The Bank trains its Regional Member Countries on applying the Fragility Lens

The training was led by Bank staff from several departments with support from the Bank’s Central Africa Regional Development and Business Delivery Office

The African Development Bank’s (http://www.AfDB.org) Transition States Coordination Office organized a training workshop in Yaoundé to strengthen the capacity of Regional Member Countries and Regional Economic Communities on the Strategic and Operational Application of the Fragility Lens.   The training was led by Bank staff from several departments with support…

African Development Bank Group (AfDB)

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    • Project beneficiaries installing a water meter in Freetown
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Source: African Development Bank Group (AfDB) |

An African Development Bank project is creating skills and new jobs for the youth in Sierra Leone

The project has seen the training of young people in plumbing and business management

An African Development Bank-funded (http://www.AfDB.org) project in Sierra Leone is fast building technical and business skills for young people in the country. Approved by the bank’s board four years ago, the Freetown Water, Sanitation, Hygiene and Aquatic Environment Revamping Project has strongly supported training and helped form micro and small…

African Development Bank Group (AfDB)

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    • Dakar 2 Summit: Partnership to deliver technologies to farmers to feed Africa – says Adesina
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Source: African Development Bank Group (AfDB) |

Dakar 2 Summit: Partnership to deliver technologies to farmers to feed Africa – says Adesina

The panel discussion was part of the three-day Dakar 2 Food Summit which was opened on Wednesday by Senegalese President Macky Sall

Africa’s push for food sovereignty and resilience depends on investments and partnerships, African Development Bank Group (www.AfDB.org) president Akinwumi Adesina said on Thursday at the Dakar 2 Food Summit a food summit in Senegal. Speaking during a panel discussion on Building Multilateral partnership and financing support, Dr Adesina outlined how…

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

African Development Bank approves $50 million and EUR 50 million Trade Finance Transaction Line of Credit for ECOWAS Bank for Investment and Development (EBID) to enhance food security and boost agricultural value chains in the region

EBID will use the three-and-a-half-year facility to provide direct financing to local corporates

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and EUR 50 million. An additional co-financing of $30 million for the credit line will come through the Africa…

African Development Bank Group (AfDB)

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    • (L to R) Nungari Mwangi, AgriSME Strategy and Partnerships Officer, AfDB, Atsuko Toda, Director, Agricultural Finance and Rural Development, AfDB, Andrew Mude, Lead, AgriSME Development and Financing, AfDB, Beth Dunford, Vice President, Agriculture, Human and Social Development, AfDB, Anita Vandenbeld, Parliamentary Secretary to Canada’s Minister of International Development and Edmond Wega, Executive Director for Canada, AfDB, pose for a photo at the press briefing for the launch of the African Development Bank’s Agri-food SME Catalytic Financing Mechanism”
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Source: African Development Bank Group (AfDB) |

Dakar 2: African Development Bank Group, Government of Canada announce funding facility to grow agriculture small and medium enterprises

The two organisations made the announcement at a press event on 27 January held during the Dakar 2 Africa Food Summit

The African Development Bank Group (www.AfDB.org) and the Government of Canada have established a new special fund to support Africa’s small and medium-sized enterprises (SMEs) in the agriculture sector. The Agri-food SME Catalytic Financing Mechanism aims to catalyze and de-risk investment for agriculture SMEs, as well as strengthen agricultural value…

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    • Thousands of youths in Malawi have gained employment and some have even created jobs for their peer
    • Ngara Community Technical College
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Source: African Development Bank Group (AfDB) |

African Development Fund helps create thousands of jobs for youth in Malawi

The objective was to improve the employability of the country's youth — women and men — by providing them with decent work, thereby promoting their economic empowerment

Thousands of youths in Malawi have gained employment and some have even created jobs for their peers, thanks to a project supported by the African Development Bank (www.AfDB.org). The Jobs for Youth in Malawi project implemented between 2017 and 2022 has helped develop an entrepreneurial culture among young people, from…

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

$1 million: Sustainable Energy Fund for Africa grant to drive electric mobility shift in seven African countries

The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/2Kfv77Y) of the African Development Bank Group (www.AfDB.org) will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA). GMFA provides technical assistance and investment capital to accelerate and expand private sector investments in sustainable transport solutions in seven…

African Development Bank Group (AfDB)

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    • Pierrette Kouakou, CEO of Fin’Elle (2nd from right), a key AFAWA partner and recipient of part of the $1 billion in resources to reduce the gap in access to finance for Africa’s women entrepreneurs. AFAWA-backed entrepreneur Clementine Kassi (far right), Esther Dassanou, AFAWA Manager (2nd from left), Benard Chitunga, AFAWA (far left), with Sophie Chassot, Gender Expert, French Ministry of Foreign Affairs (center). Paris, November 2022
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa

AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa Food Summit)

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) (http://bit.ly/3sggisg) initiative has reached a landmark $1 billion in approved funding designated for lending to African  women entrepreneurs. This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges…

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    • Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world
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Source: African Development Bank Group (AfDB) |

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself

The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in…