Source: African Development Bank Group (AfDB) |

Fund for African Private Sector Assistance (FAPA) Donors and African Fertilizer and Agribusiness Partnership (AFAP) sign grant agreement in support of local supply and utilization of fertilizer in Africa

This initiative complements the Bank’s strategy for transforming agriculture value chains in Regional Member Countries and strengthening private enterprises

On the sidelines of the African Development Bank (www.AfDB.org) Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) (https://goo.gl/bkP5Bm) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in…

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

Climate and disaster risk financing get fresh boost from African Development Bank

“We talk about integrating Africa. We cannot integrate countries that are fragile, we can only integrate countries that are secured.”– Akinwumi Adesina, President, African Development Bank

The President of African Development Bank (www.AfDB.org), Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) (www.AfricanRiskCapacity.org) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan, Korea.…

Source: African Development Bank Group (AfDB) |

The African Development Bank and the African Institute for Mathematical Sciences to explore partnerships for scaling up investments in Science, Technology, Engineering and Mathematics

The Partnership Program would be tasked with scaling up a strong, young African community of world-class scientists and technologists

The African Development Bank (www.AfDB.org) signed a Letter of Intent with the African Institute for Mathematical Sciences aimed at finding opportunities for potential partnership between the two institutions. The organizations will specifically explore ways of strengthening education and research in the mathematical sciences across Africa. The African Development Bank and…

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

African Development Bank Group Annual Meetings: Regional cooperation, structural reforms key to economic transformation

Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank is attending the 2018 Annual Meetings of the African Development Bank Group in Busan, Korea

Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank, during his address at the 2018 Annual Meetings of the African Development…

African Development Bank Group (AfDB)
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    • Korea is a model for Africa’s industrialization, says President Adesina (3)
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Source: African Development Bank Group (AfDB) |

Korea is a model for Africa’s industrialization, says President Adesina

Young Africans should be trusted and supported to drive the continent’s industrialization

The 53rd Annual Meetings of the African Development Bank (www.AfDB.org) opened in Busan, Korea, on Monday with a call on African Governments to create the right environment for the private sector to lead the continent’s industrial revolution. Participants also advocated for a balance between the role of the State and…

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

African Development Bank at the centre of “a great Africa moment”: North African Governors

“Africa is the continent of the future.” – Tunisian Finance Minister Zied Ladhari

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina (www.AfDB.org), said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers…

African Development Bank Group (AfDB)
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    • In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region
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Source: African Development Bank Group (AfDB) |

East African Ministers share African Development Bank’s vision for the continent

“Regional integration is a survival issue.” – Djibouti Finance Minister, Hmadou Ibrahim

In a historic first, East African Governors of the African Development Bank (www.AfDB.org) met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the…

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    • The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment
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Source: African Development Bank Group (AfDB) |

Africa’s population explosion is a ticking time bomb — African Development Bank Governors

Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth

The African Development Bank (www.AfDB.org) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for…

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

Adesina Urges America to Support African Agriculture as a Business

I do not seek aid for Africa. I seek investments in Africa – Akinwumi Adesina, President of the African Development Bank

The President of the African Development Bank (www.AfDB.org), Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum (www.USDA.gov/oce/forum) in Virginia on Thursday, on…

Source: African Development Bank Group (AfDB) |

2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization

The Bank would organise the Africa Investment Forum on November 7-8, 2018 in Johannesburg, South Africa, to mobilise funds for infrastructure development, to bridge an estimated funding gap of $130-$170 billion a year

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook (http://APO.af/GHTmei) launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said…