African Development Bank Group (AfDB)
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    • From left to right, 1st row: Boitumelo Mosako, CEO, Development Bank of Southern Africa; Olusegun Obasanjo, former President of Nigeria; Jean-Jacques Bouya, Congo’s Minister of Spatial Planning and Major Projects; Julius Maada Bio, President of Sierra Leone; African Development Bank President Akinwumi Adesina and his wife Grace; Omar Kabbaj, adviser to King Mohammed VI; Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union; Samia Suluhu Hassan, President of Tanzania; Édouard Ngirente, Prime Minister of Rwanda; Chinelo Anohu, Senior Director, Africa Investment Forum. 2nd row, from 2nd left: Roger Stuart, European Investment Bank; Benedict Oramah, President, Afreximbank; Nadia Fettah Alaoui, Morocco’s Minister of Economy and Finance; Hani Salem Sonbol CEO, International Islamic Trade Finance Corporation (IsDB Group).
    • Omar Kabbaj delivering King Mohammed VI’s message to Africa Investment Forum participants.
    • The continent is not as risky as perceived—Akinwumi Adesina
    • “There are enormous opportunities for the development of value chains in Africa”—Azali Assoumani
    • “We need to invest in the continent’s connectivity”—Samia Suluhu Hassan
    • “How we turn obstacles into opportunities is the most important thing”—Julius Maada Bio
    • There is scope for African and Caribbean people to partner in a range of spheres including pharmaceutical development and tourism—Mia Mottley
    • “We need action now”—Édouard Ngirente
    • Africa needs bold Innovative Initiatives to Unleash the Full Potential of the Continent—King Mohammed VI of Morocco
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Source: African Development Bank Group (AfDB) |

Africa needs bold Innovative Initiatives to Unleash the Full Potential of the Continent—King Mohammed VI of Morocco

The Market Days, an initiative of the African Development Bank and seven other co-founding partners, is taking place in Marrakech, Morocco over the next three days

Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development. The Market Days, an initiative of the African Development Bank and seven other co-founding partners,…

Source: African Development Bank Group (AfDB) |

African Development Bank commits over $23 million to Rwanda’s new Aviation Centre of Excellence

The project will boost Rwanda’s ambition to become a regional aviation hub and draw international investment from the aviation industry

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $23.6 million loan for the construction and equipment of a new aviation training facility in the Rwandan capital, Kigali. The proposed Centre of Excellence for Aviation Skills (CEAS), including an aircraft hangar, will partner with higher…

African Development Bank Group (AfDB)
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    • African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation
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Source: African Development Bank Group (AfDB) |

African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation

The workshops featured discussion of bank financing instruments, including guarantee products, the bank’s approach to credit risk assessments and the outlook for Africa’s aircraft market

The African Development Bank (www.AfDB.org) has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for African airlines. The sessions, held on 14 and 15 June, will support the Bank’s efforts to develop and adapt financing instruments to the continent’s aviation needs, boosting its…

Source: African Development Bank Group (AfDB) |

Kenya: €188m African Development Bank loan to boost COVID-19 response

The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact

The Board of Directors of the African Development Bank (www.AfDB.org) today approved an €188 million loan to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts. The loan will extend additional resources to Kenya as the country takes…

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

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…

Source: African Development Bank Group (AfDB) |

‘Let West Africa’s success echo throughout the world.’ Economic Community of West African States (ECOWAS) hails the success of African Development Bank investments in the region

The region’s economy is showing positive achievements, reaching 3.3 percent growth in 2019

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said…

Source: African Development Bank Group (AfDB) |

Côte d’Ivoire: Government seeks Bank’s support for $5.8 bln tourism plan

The document entitled "Sublime Côte d’Ivoire", was presented to the Bank’s Vice-President responsible for Private sector, Infrastructure and Industrialization, Pierre Guislain, at the headquarters in Abidjan

Ivorian Minister of Tourism Siandou Fofana on 25 April 2019 presented a strategy document aimed at making Côte d’Ivoire Africa’s fifth biggest tourism destination from 2025 to the African Development Bank (www.AfDB.org) , and sought its support to implement the plan. The document entitled "Sublime Côte d’Ivoire", was presented to…

Source: African Development Bank Group (AfDB) |

Visiting African Development Bank Governors from West Africa laud Bank’s transformative projects

“The African Development Bank is the answer for Africa’s development,” Governors acknowledge in annual consultative meetings

Governors representing the African Development Bank (www.AfDB.org) West Africa region held consultative meetings with the institution’s President and senior management in Abidjan on Monday, where they took stock of the Bank’s accelerated engagement in the region. Three hundred and seventy transformative Bank projects valued at US $11.3 billion between 2010-2017…

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…