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African Development Bank Group (AfDB)

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    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (1)
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (2)
    • African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization

The Fund has garnered close to its first target of $400 million, primarily from member state contributions

The African Development Bank (www.AfDB.org) has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address fragility and build resilience across the continent. Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery, said this during a…

African Development Bank Group (AfDB)

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    • AfDB President Adesina in a head-to-head conversation with BADEA president Sidi Ould Tah
    • The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary: Leaders unite to celebrate success, urge increased Africa-Arab economic collaboration
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Source: African Development Bank Group (AfDB) |

The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary: Leaders unite to celebrate success, urge increased Africa-Arab economic collaboration

We need a structured and coordinated partnership that will pool financial resources to address critical issues – Dr. Akinwumi Adesina, African Development Bank

Ghana’s President Nana Akufo-Addo and African Development Bank Group (www.AfDB.org) head Dr. Akinwumi Adesina joined dignitaries from Africa and the Arab world on Sunday for a ‘Leaders’ Breakfast’ celebrating the 50th anniversary of the Arab Bank for Economic Development in Africa (BADEA). The event, held in Accra on the sidelines…

African Development Bank Group (AfDB)

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    • African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent (1)
    • African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent

The year began with the African Development Bank successfully launching a globally acclaimed landmark $750 million hybrid capital, the first ever by a multilateral financial institution

The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for the continent’s development needs at the African Union. Addressing heads of state and government at the 6th Mid-Year Coordination Meeting of the AU in Accra, Ghana, Adesina highlighted the Bank’s…

African Development Bank Group (AfDB)

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    • The African Development Bank will help the DRC to significantly increase production of the most consumed foods in the country and reduce large-scale imports, including rice
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Source: African Development Bank Group (AfDB) |

République Démocratique du Congo (RDC): African Development Bank Group grants $260 million loan to strengthen agricultural sector and value chains

The Democratic Republic of Congo (DRC) government and beneficiaries will provide counterpart funding of $51.2 million

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help finance the Project to Support the Development of Value Chains as part of its backing for the Agriculture Transformation Programme (PADCV-PTA). The project, totalling…

African Development Bank Group (AfDB)

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    • As the sole operator of ports, railways and oil pipelines, Transnet holds a unique position in the freight logistics sector in South Africa and the Southern African Development Community (SADC) region
    • South Africa boasts the highest level of railway infrastructure in Africa, covering around 30,000 km. It ranks as the world’s 14th largest in length and is notably well-developed compared to other emerging markets
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (1)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (2)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (3)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (4)
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully…

African Development Bank Group (AfDB)

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    • New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing
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Source: African Development Bank Group (AfDB) |

New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing

The report provides an in-depth review of African countries progress towards five sustainable development goals and their 32 targets to meet the 2030 Agenda and the African Union 2063 Agenda

The United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB) (www.AfDB.org), presented today the 2024 Africa Sustainable Development Report (ASDR), at an event held on the margins of the UN High-Level Political Forum for Sustainable Development in New York. Scaled-up…

African Development Bank Group (AfDB)

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    • African Development Bank’s sovereign portfolio retains top spot in 2024 Aid Transparency Index (1)
    • African Development Bank’s sovereign portfolio retains top spot in 2024 Aid Transparency Index (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank’s sovereign portfolio retains top spot in 2024 Aid Transparency Index

Bank praised for detailed publication of project objectives, impact appraisal documents, environmental studies and evaluation reports

Publish What You Fund (http://apo-opa.co/3Wn4rbs), the global campaign for aid and development transparency, has once again named the African Development Bank’s (www.AfDB.org) sovereign portfolio as the most transparent. The portfolio emerged first out of 50 global development institutions with a top score of 98.8 in its 2024 Aid Transparency Index…

African Development Bank Group (AfDB)

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    • Group photo of workshop participants
    • Opening session of the preparatory workshop on the African Ports Connectivity Portal Project, held in Abidjan
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Source: African Development Bank Group (AfDB) |

Boosting African Port Efficiency: Stakeholders conclude key African Development Bank workshop on Connectivity Portal

The African Ports Connectivity Portal Project is supported by a $2 million grant from the Beijing-based Multilateral Co-operation Center for Development Finance (MCDF)

The African Development Bank (www.AfDB.org) has successfully concluded a two-day preparatory workshop on implementing the African Ports Connectivity Portal Project (APC-PP) to improve data collection and connectivity among the continent’s ports. Held in Abidjan, Cote d’Ivoire, from 8-9 July 2024, the workshop rallied together key stakeholders and experts from various…

African Development Bank Group (AfDB)

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    • Fifth from left: Prof Emeritus Olugbemiro Jegede; AfDB President Akinwumi Adesina; Primate of the Church of Nigeria (Anglican Communion) Most Rev Henry C. Ndukuba at the Council of Anglican Provinces of Africa retreat, where Adesina spoke on 'Food Security and Financial Sustainability in Africa'
    • AfDB President Akinwumi Adesina speaking on 'Food Security and Financial Sustainability in Africa' at the Council of Anglican Provinces of Africa retreat in Abuja
    • Most Rev. Henry C. Ndukuba, Primate of the Church of Nigeria (Anglican Communion), thanks AfDB President Akinwumi Adesina (to the left) for his lecture on 'Food Security and Financial Sustainability in Africa' at the CAPA retreat in Abuja
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Source: African Development Bank Group (AfDB) |

Nigeria’s food importation policy could destroy country’s agriculture, warns Akinwumi Adesina

Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending

The President of the African Development Bank Group Dr. Akinwumi Adesina (www.AfDB.org) has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. This follows the announcement by Nigeria’s Minister for Agriculture Abubakar Kyari on July 10 that the Federal Government would suspend duties, tariffs,…

African Development Bank Group (AfDB)

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    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (1)
    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (2)
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Source: African Development Bank Group (AfDB) |

Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation

Kimani’s winning invention is an advanced early detection system, designed to detect crop pests and diseases swiftly, which can reduce crop losses by up to 30% and increase yields by as much as 40%

Esther Kimani, a 2022 YouthADAPT winner, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering on June 13 in Nairobi, Kenya. YouthADAPT is sponsored by the African Development Bank (www.AfDB.org) and the Global Center on Adaptation under the Africa Adaptation Acceleration Program (AAAP) (https://apo-opa.co/3XZTJch).  Innovative…