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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…

African Development Bank Group (AfDB)

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    • AfDB President's visit to Gambia: Decoration Ceremony (1)
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Source: African Development Bank Group (AfDB) |

African Development Bank head Adesina receives Gambia’s highest national honour

The honour is in recognition of Adesina’s leadership role and contributions to development in The Gambia and Africa

The Gambia's President Adama Barrow has conferred his country's highest national award, the Grand Commander of the Order of the Republic of The Gambia, on African Development Bank Group President, Dr. Akinwumi Adesina (www.AfDB.org). The honour is in recognition of Adesina’s leadership role and contributions to development in The Gambia…

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    • Contanna's digital marketing strategy included producing a promotional video for its product line
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    • AgriPitch Competition winner Adja Sembene Fall, earned $25,000 in seed money for her Contanna Tea Company (1)
    • AgriPitch Competition winner Adja Sembene Fall, earned $25,000 in seed money for her Contanna Tea Company (2)
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Source: African Development Bank Group (AfDB) |

Adja Sembene Fall, Senegalese “Agripreneur” and African Development Bank AgriPitch Competition winner says digital marketing key to luxury tea startup success

The 2022 AgriPitch competition, which started last October, received nearly 750 complete entries from entrepreneurs in the agriculture sector – or “agripreneurs” – from 38 African countries

Senegalese businesswoman Adja Sembene Fall said she had no choice but to launch her start-up business online because her new Contanna fair-trade tea company only had $200 to its name. “Due to [lack of] finance, it was not possible to get a physical shop. We started out in the backyard…

African Development Bank Group (AfDB)

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    • Giles Aijukweb, representing Leshego Microfinance Bank Nigeria accepts the AFAWA Bank of the Year award from Malado Kabba, African Development Bank’s Director for Gender, Women and Civil Society (1)
    • Giles Aijukweb, representing Leshego Microfinance Bank Nigeria accepts the AFAWA Bank of the Year award from Malado Kabba, African Development Bank’s Director for Gender, Women and Civil Society (2)
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Source: African Development Bank Group (AfDB) |

Letshego Microfinance Bank Nigeria named Affirmative Finance Action for Women in Africa initiative’s first “Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year” at African Business Awards

The Leshego Microfinance Bank Nigeria, also known as Letshego MFB Nigeria, received the award named after the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme

A Lagos-based microfinance loan solutions company that disbursed more than half of its loans to women-led micro and small enterprises last year, has been named the “Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year” at the African Business Awards ceremony. The annual ceremony celebrating excellence in…

African Development Bank Group (AfDB)

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    • Madagascar's President Andry Rajoelina has won the 2023 Babacar Ndiaye Super Prize
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Source: African Development Bank Group (AfDB) |

Madagascar's President Andry Rajoelina named winner of 2023 Babacar Ndiaye Super Prize

The award was created in honor of Babacar Ndiaye, president of the African Development Bank Group, from 1985 to 1995

The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022 (https://apo-opa.info/3B0mAAl). According to a press release by the…

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

African Development Bank, Production Partner on New Podcast Presented by the World Trade Center in Washington, DC

Carol Pineau, award-winning filmmaker and journalist to host 10-week series on Bi-Lateral Issues

Africa-USA Now (https://AfricaUSANow.com), a new weekly video podcast spotlights current events at the intersection of Africa and the United States. The 10-week series launches at a pivotal time following the historic US-Africa Summit and the renewed commitment to partnership between Africa and the US.  The current events talk show features African…