Source: African Development Bank Group (AfDB) |

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality.…

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

African Development Bank welcomes partners to multilateral development bank (MDB) roundtable to strengthen collaboration on donor relations and fund management

Its goal is to share the most efficient methods for mobilising resources towards the achievement of the Sustainable Development Goals (SDGs)

The African Development Bank Group (www.AfDB.org) hosted 11 sister institutions for the annual multilateral development bank (MDB) roundtable on trust funds and co-financing, held on 28-29 March, 2019.    The aim of the roundtable was to enhance benchmarking across the development finance institutions (DFIs), raise awareness of emerging innovative approaches to…

Source: African Development Bank Group (AfDB) |

The African Development Bank and Sophia University in Japan sign memorandum of understanding (MOU) to build capacity

Sophia University, a leading private Jesuit university with a student population of 14,000 (2018), is one of many in the country that host the Japan-Africa Scholarship

The African Development Bank (AfDB.org) and Sophia University in Japan, have signed a Memorandum of Understanding to promote capacity development within the two institutions for their mutual benefit and the entire African continent. The agreement was signed Friday at the Bank’s Abidjan headquarters. “It is our sincere wish that this…

Source: African Development Bank Group (AfDB) |

Equatorial Guinea to host African Development Bank’s 2019 Annual Meetings in Malabo

The Bank’s Annual Meetings represent a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agenda

Equatorial Guinea will host the African Development Bank’s (www.AfDB.org) next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the two parties. The Annual Meetings will take place from 11th to 14th June, 2019 in the country’s capital city, Malabo. “The Government and people of…

Source: African Development Bank Group (AfDB) |

“We are in a race with time to unlock Africa’s full potential” – Akinwumi Adesina, 2019 Sunhak Peace Prize Laureate

Donates $500,000 award to fight hunger in Africa

2019 Sunhak Peace Prize Laureate Akinwumi Adesina has pledged to do more to advance Africa’s fight against hunger, poverty and youth underemployment. The President of the African Development Bank (www.AfDB.org), and co-Laureate Waris Dirie, a global champion against Female Genital Mutilation, shared the prestigious US $1million dollar prize at an…

Source: African Development Bank Group (AfDB) |

Corruption does not invest in the future, it kills the future” – Akinwumi Adesina, at World Peace Summit of Global leaders

The Africa Continental Free Trade Area is projected to make Africa the largest free trade zone in the world

“We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it kills the future,” Akinwumi Adesina, President of the African Development Bank (www.AfDB.org) said at the World Peace Summit of Global Leaders. According to the World…

Source: African Development Bank Group (AfDB) |

South Korea ready to partner with Africa on technology

"A win-win proposition" - Akinwumi A. Adesina, President of the African Development Bank

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there…

Source: African Development Bank Group (AfDB) |

Tunisia Trains first set of Drone pilots for agricultural productivity

The training which focused on handling, maintenance and the security aspects of flying drones, took place in Tunis from 19-30 November 2018

Eight pilots have successfully passed their drone flight training in Tunisia following a two-week intensive training period organized by the Ministry of Agriculture of Tunisia, the African Development Bank (www.AfDB.org) and Busan Techno Park. The training which focused on handling, maintenance and the security aspects of flying drones, took place in…

Source: African Development Bank Group (AfDB) |

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

Africa is currently home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in previous years

“Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and…

Source: African Development Bank Group (AfDB) |

Akinwumi Adesina, Spearheading Good Governance by Leading Agricultural Innovation and Economic Growth of Africa

Akinwumi A. Adesina: President of the African Development Bank, committed to the eradication of poverty through agricultural innovation, and promoting Good Governance through the works of developing Africa’s economy

As an agricultural economist, Dr. Akinwumi Adesina has been a leader in agricultural innovation for over 30 years. He has contributed greatly to food security in Africa, aimed at improving the lives of millions currently living in poverty, throughout the African continent. The Sunhak Committee acknowledges Dr. Akinwumi Adesina’s achievements…