Source: African Development Bank Group (AfDB) |

Dissecting Africa’s Covid-19 response in the extractives sector: diversification, enhancing local content, offer solutions

Several economies in Africa are sustained by the extractive industry, with most national budgets dependent on mining and petroleum exports

The African Development Bank’s (www.AfDB.org) African Natural Resources Centre (ANRC) and the African Legal Support Facility (ALSF) hosted a dialogue on responses by governments and the industry to the COVID-19 pandemic in the extractive sector, focusing on South Africa, Ghana, Nigeria, and Kenya. The session, held 21 October and moderated by ALSF Director…

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

Development finance institutions pledge to sustain COVID-19 mitigation, livelihood recovery

They discussed how to achieve maximum impact in their relief efforts, and the debt sustainability of beneficiary countries

Multilateral development finance institutions on Wednesday pledged to continue to collaborate in their efforts to mitigate the adverse impact of the COVID-19 pandemic and accelerate the recovery of economies and livelihoods. At an extraordinary virtual meeting to discuss the impact of their responses to the pandemic and the worsening debt…

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

African Development Bank AgriPitch Competition: $120,000 in prizes on offer during African Youth Agripreneur Forum 3-17 November

The AgriPitch competition is open to youth aged 18 to 35 who hold African nationality or citizenship and who submit their application online by 23rd October

There are just hours to go until the 23 October deadline to enter the African Development Bank’s (www.AfDB.org) AgriPitch Competition. Selected entries by African youth agripreneurs will be invited to showcase their agribusiness startup plans and compete for a share of $120,000 in funding seed prizes, a slot of the…

Source: African Development Bank Group (AfDB) |

African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa

They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future

The continent’s largest development finance institutions have emphasized that a sustained and collaborative approach among development partners to scale up project development activities, will boost the number of bankable projects attracting investor interest and contribute to closing the infrastructure finance gap in Africa. They spoke during a panel event to…

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

Uganda: Sharp Decline in Cases of Typhoid Fever, Diarrhoea, in Capital, Thanks to Sanitation Project

Approximately 240 public sanitation facilities with hand-washing points have been built, as well as family facilities for landlords and tenants

For several years now, typhoid fever and diarrhoea cases have fallen significantly in the Ugandan capital, Kampala, especially in the major district of Kawempe, according to an African Development Bank (https://www.AfDB.org/) report published on 7 October. Kawempe is an administrative subdivision that has developed rapidly, but water and sanitation infrastructure…

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

African Development Bank Group Appoints Ms. Yacine Fal, Director General, Cabinet Office of the President

As Director General, Ms. FaI will oversee the administrative and operational work and activities of the Cabinet Office of the President

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Ms. Yacine FAL Director General, Cabinet Office of the President, effective 1st November 2020. As Director General, Ms. FaI will oversee the administrative and operational work and activities of the Cabinet Office of the President. Primarily, she…

Source: African Development Bank Group (AfDB) |

COVID-19 crisis is pushing us to refocus priorities, says Bank Vice President Quaynor in Global Infrastructure Forum event on infrastructure project preparation

The COVID-19 pandemic has sharpened Africa’s already urgent need for added infrastructure spending

The African Development Bank (https://www.AfDB.org/) hosted an online seminar on 7 October as part of the fourth annual Global Infrastructure Forum, drawing together representatives of government, the private sector and multilateral development institutions to discuss strengthening infrastructure development in the COVID-19 pandemic era. The Bank’s workshop, titled Infrastructure Project Preparation:…

Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank wins global award for COVID-19 bond issue

The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic impacts of the COVID-19 pandemic

The African Development Bank (www.AfDB.org) was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GlobalCapital Bond Awards 2020 were announced on 30…

Source: African Development Bank Group (AfDB) |

Tanzania: Zanzibar's urban residents have improved access to water and sanitation with African Development Bank support, says report

Financed by a Bank loan in the amount of $19 million, the project was rolled out in Saateni and Welezo, two urban areas in the Zanzibar archipelago

The Zanzibar Urban Water Supply and Sanitation Project, implemented between 2012 and 2018 in Tanzania, has provided water and sanitation services to around 287,000 people, according to a report (https://bit.ly/33Bqsbr) by the African Development Bank (www.AfDB.org) published on September 2, 2020. Financed by a Bank loan in the amount of…

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

African Development Bank named to the board of World Business Angels Investment Forum

The Forum engages with a wide range of institutions to help shape the global agenda

The World Business Angels Investment Forum today announced the African Development Bank (www.AfDB.org) as its newest Board Member. In this capacity the Bank will represent Africa’s early-stage equity markets, entrepreneurship and startup ecosystems, small and medium enterprises and high-growth businesses, angel investors, and private equity funds. Abdu Mukhtar, the Bank’s…