Source: African Development Bank Group (AfDB) |

Women-led Kenyan design house wins Fashionomics Africa sustainable design competition for turning fruit waste into eco-friendly footwear

Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize

The African Development Bank’s (www.AfDB.org) Fashionomics Africa initiative has named a women-led Kenya shoe design house as the winner of its competition to support producers of sustainable fashion. Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize. In addition,…

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

CORRECTION: African Development Bank named the World's Best Multilateral Financial Institution 2021 by Global Finance

The award is a global recognition for the path breaking efforts of the African Development Bank as it transforms itself into a solutions bank for Africa

The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank (www.AfDB.org) as the “Best Multilateral Financial Institution in the world for 2021”. The award is a global recognition for the path breaking efforts of the African Development Bank as it transforms itself…

Source: African Development Bank Group (AfDB) |

S&P Global affirms African Development Bank’s AAA rating with stable outlook

In a letter, dated 29 January 2021, S&P Global Ratings noted the Bank’s $115 billion capital increase, approved by its shareholders in October 2019

Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank (www.AfDB.org) with a stable outlook. The ratings agency said its outlook reflected the expectation that the African Development Bank (AfDB) would, over the next two years, “prudently manage its capital while maintaining…

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

African Development Bank’s climate resilient project in Zambia wins water change maker award

The Climate Adaptation Summit Water ChangeMaker award celebrates and promotes teams and organizations in Africa shaping water decisions that build climate resilience in Africa

A climate resilient project in Zambia supported by the African Development Bank (www.AfDB.org) and Climate Investment Funds (CIF) has won the Water ChangeMaker People’s Choice Award-Africa. The Strengthening Climate Resilience in the Kafue Sub-basin Pilot Program for Climate Resilience (SCRiKA) (https://bit.ly/2YmLBmk) beat two other finalists identified by an expert jury to…

Source: African Development Bank Group (AfDB) |

Africa Free Trade Agreement: President Adesina receives award for strong leadership and support

Boshe, a patron of the AeTrade Group, thanked the awardees for their strong leadership in the process that led to the African Continental Free Trade Area coming into force

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina and 10 African Heads of State and Government were on Friday honoured  for their leadership in the African Continental Free Trade Area (AfCFTA) process. The AfCFTA, the largest free trade area in the world, began trading on 1 January 2021 and is…

Source: African Development Bank Group (AfDB) |

African Development Bank unveils Top 20 AfricavsVirus winners in virtual event

More than 25,000 participants from Africa and around the world pitched their ideas during a 72-hour ideathon

The African Development Bank (www.AfDB.org) has announced 20 finalists of the AfricavsVirus Challenge (https://AfricaVsVirus.com) who will receive a grant of up to $20,000 as well as access to business development and other in-kind services. The Top 20 Winners, announced during a virtual event held Friday, have been selected from a…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Akinwumi Adesina, three others win Academy of Public Health’s 2020 top Distinguished Fellowship Award

The Distinguished Fellowship Award is the highest fellowship rank in the “Roll of Fellows “of the Academy, leading the Roll of Fellows for their exceptional leadership and service to humanity

The Academy of Public Health, the flagship body of the West African Institute of Public Health, has named African Development Bank Group (www.AfDB.org) President Akinwumi Adesina and three other eminent persons as winners of its 2020 Distinguished Fellowship Award. Adesina, World Health Organisation(WHO)’s Tedros Ghebreyesus, Leith Greenslade of JustActions and…

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

Remarks of Dr. Akinwumi A. Adesina, President of the African Development Bank, at the 2020 Chartered Institute of Bankers of Nigeria (CIBN) Fellowship Investiture, Saturday, December 5, 2020

Leadership from each one of us is needed in these challenging times of the coronavirus pandemic

By Dr. Akinwumi A. Adesina, President of the African Development Bank (www.AfDB.org) Your Excellency, Governor Gboyega Oyetola of Osun State, Mr. Ernest Ebi, Chairman of the occasion, Mr. Bayo Olugbemi, FCIB, the President and Chairman of the Council of the Chartered Institute of Bankers of Nigeria, Mr. Seye Awojobi, FCIB,…

Source: African Development Bank Group (AfDB) |

African Development Bank’s AgriPitch competition awards $120,000 in prizes to African youth “agripreneurs”

The AgriPitch competition offered young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals to a panel of experts and investors

The founder of a cassava processing business in Kenya, a co-founder of a novel food processing technology start-up, and the owner of a smallholder farmer food procurement company in Nigeria won the top cash prizes in the African Development Bank’s (https://www.AfDB.org/) $120,000 AgriPitch competition on Tuesday. The AgriPitch competition offered…

Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank wins global award for COVID-19 bond issue

The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic impacts of the COVID-19 pandemic

The African Development Bank (www.AfDB.org) was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GlobalCapital Bond Awards 2020 were announced on 30…