African Development Bank Group (AfDB)
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    • (L-R) Rémy Rioux, CEO of Agence Française de Développement; Akinwumi Adesina, president of the African Development Bank; Muhammad Al Jasser, chairman of the Islamic Development Bank Group; Abdulhamid Alkhalifa, OPEC Fund Director General; and Stephanie von Friedeburg, Managing Director, Public Sector banking, Capital Markets at Citi, who moderated the session (1)
    • (L-R) Rémy Rioux, CEO of Agence Française de Développement; Akinwumi Adesina, president of the African Development Bank; Muhammad Al Jasser, chairman of the Islamic Development Bank Group; Abdulhamid Alkhalifa, OPEC Fund Director General; and Stephanie von Friedeburg, Managing Director, Public Sector banking, Capital Markets at Citi, who moderated the session (2)
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Source: African Development Bank Group (AfDB) |

“De-risking capital is key to scaling up development finance”, African Development Bank’s Adesina tells Organisation of Petroleum Exporting Countries (OPEC) Fund forum

OPEC Fund Director-General Abdulhamid Alkhalifa highlighted the need for development financiers to remodel their operations to attract other resources to close the huge finance gap

Global development financiers attending this year’s Organisation of Petroleum Exporting Countries (OPEC) Fund’s forum in Vienna, Austria, have pledged a strong commitment to remodel their investments to support green projects at scale. The delegates, representing multilateral development banks and intergovernmental institutions, said business and political leaders must do more to…

African Development Bank Group (AfDB)
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    • Ireland and Austria Join Africa Climate Change Fund as Donors with an Initial €3 Million Contribution
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Source: African Development Bank Group (AfDB) |

Ireland and Austria Join Africa Climate Change Fund as Donors with an Initial €3 Million Contribution

The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience

Ireland and Austria have joined the African Development Bank’s (www.AfDB.org) Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support the Fund’s work. The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and…

Source: African Development Bank Group (AfDB) |

Au revoir, Abidjan - Hello, Accra: African Development Bank 2021 Annual Meetings to be held in Ghana

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

Ghana will host the African Development Bank’s (https://www.AfDB.org/) next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings. The 2021 meetings will take place in the country’s capital city, Accra. Côte d’Ivoire Planning Minister Niale Kaba, handed over the baton to Ghana,…

Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank Supports Blue Economy with $800k Fund for African Private Sector Assistance (FAPA) grant

The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors

The African Development Bank (www.AfDB.org) has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector.  The package will help Seychelles develop its marine biotechnology sector, strengthen the capacity of public institutions and private operators, create a…

Source: African Development Bank Group (AfDB) |

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions

First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank (https://www.AfDB.org). The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable…

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) |

Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights

Investment interest secured for 45 deals worth US$32 billion

The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and…

Source: African Development Bank Group (AfDB) |

African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million

Fund for African Private Sector Assistance (FAPA), of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs

The African Development Bank’s (www.AfDB.org) Fund for African Private Sector Assistance (FAPA) (http://bit.ly/2xAJfTU), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute…