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African Development Bank Group (AfDB)

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    • The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York
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Source: African Development Bank Group (AfDB) |

77th United Nations General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings

The African Development Bank (www.AfDB.org) had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group…

African Development Bank Group (AfDB)

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    • Officials representing 11 African cities at a waste-to-energy plant in Copenhagen during a four-day study visit to Denmark and Sweden.
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Source: African Development Bank Group (AfDB) |

African Development Bank Sponsors Study Visit to Two Scandinavian Cities for Municipal Officials of 11 African Cities

The delegation is conducting field visits and taking part in presentations on water management, waste treatment and e-mobility

Representatives of 11 African cities have begun a visit to two Scandinavian cities to learn about people-centred solutions to urban planning and development under a trip sponsored by the Urban and Municipal Development Fund (https://bit.ly/3fdZiPT). The Fund is hosted by the African Development Bank (https://www.AfDB.org). The 4-day trip to Copenhagen…

African Development Bank Group (AfDB)

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    • Akinwumi Adesina, African Development Bank President, TICAD8, Tunis 28 August 2022
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Source: African Development Bank Group (AfDB) |

Africa’s renewable energy resources offer huge investment opportunities for Japanese business – Dr Akinwumi Adesina

Adesina commended the Japanese government and private sector for their strong support to Africa’s development

Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8). Adesina commended the Japanese government and private sector for their…

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    • From left to right: Japan’s Vice-Minister of Finance for International Affairs, Masato Kanda; African Development Bank President, Akinwumi Adesina; Japan International Cooperation Agency President, Akihiko Tanaka
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Source: African Development Bank Group (AfDB) |

Japan and the African Development Bank announce up to $5 billion in support for Africa’s private sector

The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis

The government of Japan and the African Development Bank (www.AfDB.org) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held…

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

Averting an African food crisis: The African Emergency Food Production Facility (By Dr. Akinwumi A. Adesina)

Fertilizer price hikes of over 300% make it increasingly difficult for African farmers to grow enough wheat, maize, rice and other crops

It didn’t take long for Russia’s war in Ukraine to impact Africa. Already grappling with soaring inflation and still recovering from the Covid-19 pandemic, Africa now faces a shortage of at least 30 million metric tons of food—especially wheat, maize and soybean imported from Russia and Ukraine. Fertilizer price hikes…

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    • In Benin, the Ouémé Valley is recording a surplus of agricultural food production (rice, maize), thanks to a project supported by the African Development Bank.
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Source: African Development Bank Group (AfDB) |

Residents of Benin’s Ouémé Valley Increase Their Incomes, Thanks to an African Development Fund Project

The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group's concessional arm, the African Development Fund

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project (https://bit.ly/3bnewkj) successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from…

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    • Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure
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Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

It is a first-rate institution, pushing the frontiers of development on infrastructure in Africa, preparing projects, taking them to commercial viability, and financing them

African Development Bank Group (www.AfDB.org) President and Chairman of the Africa50 (https://www.Africa50.com) Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap. Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday.…

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    • African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat

This second phase of support continues to aim to encourage sustainable intra-African trade

The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA) to help it enhance effective implementation. The AfCFTA Secretariat opened its doors in Accra on 17 August 2020, with initial support of $5 million to…

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    • African Development Bank: New Flagship Publication Looks at Ten Years of Investments in Regional Operations
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    • African Development Bank: New Flagship Publication Looks at Ten Years of Investments in Regional Operations
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Source: African Development Bank Group (AfDB) |

African Development Bank: New Flagship Publication Looks at Ten Years of Investments in Regional Operations

The report, “Crossing Borders, Connecting Communities, Changing Lives,” reviews and documents the impacts of the regional operations envelope since ADF-13

The African Development Bank Group (www.AfDB.org) has released a new report providing a snapshot of results of regional operations financed by its concessional lending window, the African Development Fund (ADF), over the last decade. Download document: https://bit.ly/3uIw68z The report, “Crossing Borders, Connecting Communities, Changing Lives,” reviews and documents the impacts of…

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    • Invest More in Africa—Akinwumi Adesina Urges Keen Irish Business Community
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Invest More in Africa—Akinwumi Adesina Urges Keen Irish Business Community

The exhortation from Africa’s premier development finance institution’s chief was matched by the Irish authorities’ publicly expressed enthusiasm about Ireland-Africa cooperation

Since joining the African Development Bank Group (www.AfDB.org) as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as African Development Bank Group President…