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African Development Bank Group (AfDB)

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    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (1)
    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (2)
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Source: African Development Bank Group (AfDB) |

Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation

Kimani’s winning invention is an advanced early detection system, designed to detect crop pests and diseases swiftly, which can reduce crop losses by up to 30% and increase yields by as much as 40%

Esther Kimani, a 2022 YouthADAPT winner, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering on June 13 in Nairobi, Kenya. YouthADAPT is sponsored by the African Development Bank (www.AfDB.org) and the Global Center on Adaptation under the Africa Adaptation Acceleration Program (AAAP) (https://apo-opa.co/3XZTJch).  Innovative…

African Development Bank Group (AfDB)

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    • AfDB Vice President and CFO Hassatou N'Sele (left) receives award from Sam McManus, Director, Uxolo, Development Finance; Athens June 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank named Development Financial Institution of the year by TXF Global

The Bank was recognized for its first hybrid capital issuance made in January this year

The African Development Bank (www.AfDB.org) has received the prestigious Development Finance Institution (DFI) of the year award at the TXF GLOBAL 2024 Export, Project & Development Finance Conference, for being at the forefront of multilateral development bank (MDB) innovation. The Bank was recognized for its first hybrid capital issuance (https://apo-opa.co/3RKNzZy)…

African Development Bank Group (AfDB)

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    • Centenary Rural and Development Bank’s Benoni Okwenje (left) and Michael Jingo (right) accept the award, announced by AfDB Vice President Dr. Beth Dunford (centre)
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Centenary Rural and Development Bank named Affirmative Finance Action for Women in Africa initiative’s “AFAWA Bank of the Year” at African Banker Awards

The AFAWA award recognizes financial institutions’ outstanding achievements towards closing Africa’s $49 billion gender access to finance gap

A Kampala-based commercial bank with a “mission critical focus” to provide financial services to vulnerable women entrepreneurs has been named the “AFAWA Bank of the Year” at the African Banker Awards. Centenary Rural and Development Bank picked up the honor named after African Development Bank’s Affirmative Finance Action for Women…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Dr Akinwumi Adesina told media leaders the African Development Bank would work with the AllAfrica Media organisation and African financial institutions to establish an Annual Africa Media Prize
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Source: African Development Bank Group (AfDB) |

African Development Bank proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements

The summit on the theme of “Re-engineering African Media in Times of Critical Transformation” brings together over 300 African media

Dr Akinwumi Adesina, the president of the African Development Bank Group (www.AfDB.org), announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents and media houses that showcase Africa’s achievements and progress. Adesina said the African Development Bank would work with the AllAfrica Media organisation…

African Development Bank Group (AfDB)

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    • The 2024 award conference was attended by road experts from several African countries, in addition to the selection committee
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: two African heads of state receive 2024 Babacar Ndiaye Prize

The “Africa Road Builders” prize was created in honour of Babacar Ndiaye, who was President of the African Development Bank Group from 1985 to 1995

The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso. They follow in the footsteps…

African Development Bank Group (AfDB)

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    • Singrobo-Ahouaty hydropower plant. Photo courtesy Neo Themis
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Source: African Development Bank Group (AfDB) |

African Development Bank funded energy projects in Egypt and Cote D’Ivoire win top infrastructure and energy accolades at the IJ Global Awards

The Singrobo hydropower was the first hydropower IPP, and private sector-funded climate action investment to reach financial close in West Africa in December 2022

Two African Development Bank (www.AfDB.org)-supported projects have won awards at the IJ global awards held in London, United Kingdom. The Singrobo hydropower plant in Ivory Coast, in which the Bank played the Mandated Lead Arranger role won the Power Deal of the Year award, while the Kom Ombo Solar plant,…

African Development Bank Group (AfDB)

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    • Click here for a video of Egyptian Vice Minister of Finance Ahmed Kouchouk's reaction to receiving an award for the Panda Bond issue
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    • AfDB staff joined representatives of the Ivorian government and lending institutions in Cape Town to collect an award for a Bank Group-supported project in Cote D’Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank-Supported Projects in Egypt and Côte d'Ivoire Win Top Honors at 2024 Bonds, Loans & ESG Capital Markets Africa Awards

The conference recognises the most innovative, ground-breaking deals from across Africa based on their high-quality execution, effectiveness in tapping new pools of liquidity, and innovative structuring

Two African Development Bank-supported (www.AfDB.org) projects have been recognized at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/48Ob1Lf) conference. A RMB3.5bn ($478.7 million) Sustainability Panda Bond issue by Egypt was awarded Sovereign, Supra & Agency Bond Deal of the Year and a €533m Sustainable Loan to Côte d'Ivoire…

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

African Development Bank President Wins Obafemi Awolowo Leadership Prize

An award ceremony is scheduled for 6 March 2024, and will include keynote lecture by the honouree

The President of the African Development Bank Group (www.AfDB.org), Akinwumi Adesina, has been awarded the prestigious Obafemi Awolowo Prize for Leadership. The award which promotes the legacy and democratic ideals of the late Nigerian nationalist and federalist leader Chief Obafemi Awolowo, also “recognises and celebrates excellence in leadership.” The Foundation’s…

African Development Bank Group (AfDB)

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    • Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate solutions
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Source: African Development Bank Group (AfDB) |

Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate solutions

They will also receive a comprehensive mentorship and coaching as part of a 12-month accelerator program

Eight dynamic African young women-led businesses emerged as winners of the 2023 YouthAdapt challenge. Each business will receive grant funding of up to $100,000. They will also receive a comprehensive mentorship and coaching as part of a 12-month accelerator program. Since its launch in 2021, the YouthADAPT initiative (https://apo-opa.co/49ZU0zH) has…

African Development Bank Group (AfDB)

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    • The Guardian's Chairman and Publisher, Lady Maiden Alex-Ibru (fourth left), presents a new book to African Development Bank President Akinwumi Adesina after delivering the newspaper's 40th anniversary lecture in Lagos. With them is the newspaper's Chairman of Editorial Board, Prof Wale Omole (second left)
    • African Development Bank Group President Dr Akinwumi Adesina
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Source: African Development Bank Group (AfDB) |

Resource-rich Africa has no excuse to remain poor, says African Development Bank president

“Our governments must realise their responsibility to lift people out of poverty and into wealth as quickly as possible; It is doable”—Adesina

With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be poor, African Development Bank Group President Dr Akinwumi Adesina (http://www.AfDB.org) said on Tuesday. He said the continent must look inward urgently to solve its many challenges…