Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank’s Sustainable Energy Fund for Africa approves $500,000 grant for clean energy

Nigeria Energy Access Fund (NEAF) will make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (ww.AfDB.org), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by All On, a Nigerian impact investment firm financed by Shell. NEAF…

Source: African Development Bank Group (AfDB) |

G5 Sahel heads of State throw their weight behind African Development Bank initiative Desert to power

Bank commits $20 million towards project preparation for the realization of the project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank (https://www.AfDB.org/) -led initiative. The summit, "Harnessing solar energy for the socio-economic development of the G5 Sahel countries" came on the heels of a high-level technical…

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

African Development Bank launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year. Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a…

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

Innovative thinking marks African Development Bank’s Africa jobs manifesto

Employment is top of the agenda of every African leader – SVP Charles Boamah

Innovative thinking about Africa’s conventional employment issues is what marks the African Development Bank’s (www.AfDB.org) new policy research document “Creating Decent Jobs: Strategies, Policies, and Instruments,” participants heard at the report launch, held 12 September 2019. The report elicited strong presentations and a lively debate during the event which took…

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

G5 Sahel Summit: African Development Bank, partners, commit to light up and power the Sahel with the Desert to Power initiative

As part of its electrification strategy for Africa, the Bank is firmly committed to accelerating access to high quality, low cost energy for the continent’s people

Dr. Akinwumi Adesina, president of the African Development Bank (www.AfDB.org), has arrived in Ouagadougou, capital of Burkina Faso, ahead of the G5 Sahel Summit, and was received by Burkina Faso’s president, Mark Roch Christian Kaboré. The Burkinabe president applauded the Bank’s Desert to Power initiative, and also highlighted his country’s…

Source: African Development Bank Group (AfDB) |

International Financial Institutions: Corporate Secretaries to meet in Abidjan 11-13 Sept

Some 50 participants from 19 International Financial Institutions are expected to attend

The Corporate Secretaries of International Financial Institutions (IFIs) will hold their 20th annual meeting from 11 to 13 September 2019 at the headquarters of the African Development Bank (www.AfDB.org) in Abidjan. The Abidjan deliberations will seek to build on the achievements of the group’s meeting in Bali, Indonesia, a year…

Source: African Development Bank Group (AfDB) |

African Development Bank to launch report: Creating decent jobs: strategies, policies and instruments

The African Development Bank will present its latest report: Creating decent jobs: strategies, policies and instruments on Thursday, 12 September 2019 at 11.30 am

What: Launch of the ‘Creating decent jobs: strategies, policies and instruments report When: 12 September 2019 Who: African Development Bank, Macroeconomics Policy, Forecasting and Research Department Location: Babacar N’Diaye Auditorium, African Development Bank Group Head Office, Abidjan Cote d’Ivoire Time: 11.30 am to 13.00 pm The African Development Bank (www.AfDB.org)…

Source: African Development Bank Group (AfDB) |

African Development Bank wins prestigious procurement award

The first multilateral development bank achieving CIPS Procurement Excellence - silver award

The African Development Bank (http://www.AfDB.org) has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body for procurement and supply management professionals, with offices all over the world including Africa. The Bank was awarded a silver award at advanced standard level…

African Development Bank Group (AfDB)
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    • First Row: Martin Fregene, Director of Agriculture & Agro-industry, African Development Bank, Hon. Dr. Owusu Afriyie Akoto, Minister of Food and Agriculture of Ghana, Hon. Noel Koutera Bataka, Minister of Agriculture, Animal and Fish Production of Togo and the rest of the Forum’s participants
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Source: African Development Bank Group (AfDB) |

African Green Revolution Forum 2019: African Development Bank, partners relaunch agriculture platform

Platform important tool for learning lessons from each other and to help move Africa to a more dynamic agriculture

The African Development Bank  (AfDB.org), the Rockefeller Foundation and the Bill & Melinda Gates Foundation have relaunched a platform to assist African agriculture ministers and other key stakeholders to promote strong growth in agricultural production and value addition in their countries. The partners launched the new Leadership for Agriculture (L4AG)…

African Development Bank Group (AfDB)
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    • African Development Bank, African Fertilizer and Agribusiness Partnership sign $5.4 million agreements to foster fertilizer market in Nigeria and Tanzania (1)
    • African Development Bank, African Fertilizer and Agribusiness Partnership sign $5.4 million agreements to foster fertilizer market in Nigeria and Tanzania (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Fertilizer and Agribusiness Partnership sign $5.4 million agreements to foster fertilizer market in Nigeria and Tanzania

The grants are designed by the Bank’s Africa Fertilizer Financing Mechanism (AFFM) to provide sustainable financing solutions to boost the fertilizer value chain in Africa

The African Development Bank (AfDB.org) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of smallholder farmers. The organizations held a signing ceremony at the…