Source: African Development Bank Group (AfDB) |

African Development Bank showcases impact of Korean drone technology on agricultural productivity

Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests

At a special event highlighting the partnership between the African Development Bank (www.AfDB.org) and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food…

Source: African Development Bank Group (AfDB) |

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

The donor conference was attended by the presidents of Mauritania, Guinea Bissau, the prime minister of Eswatini and several high-ranking diplomats, ministers and development and banking institutions

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation…

Source: African Development Bank Group (AfDB) |

Japan and Austria to support private sector climate change investments on the continent

The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally…

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…