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African Development Bank Group (AfDB)

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    • African Development Bank, Google sign ccoperation agreement to advance digital transformation in Africa. (L-R) AfDB Vice President Solomon Quaynor, President Dr. Akinwumi Adesina and Google Senior VP Dr. James Manyika
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Source: African Development Bank Group (AfDB) |

African Development Bank and Google collaborate on digital transformation in Africa

The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure, and refine talent and skills in the continent

The African Development Bank (www.AfDB.org) and Google today formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. The agreement underscores a shared commitment to harness emerging technologies, extend…

African Development Bank Group (AfDB)

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    • The Director General of the Nigeria Country Department, Lamin Barrow (centre left) and the President of the ECOWAS Commission, Omar Alieu Touray (centre right) led the African Development Bank and ECOWAS Commission delegations. Image source: African Development Bank Group
    • The African Development Bank and the ECOWAS Commission conducted consultations to evaluate the Regional Integration Strategy in Abuja from 5 to 15 September 2023. Image source: African Development Bank Group
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Source: African Development Bank Group (AfDB) |

African Development Bank and Economic Community of West African States (ECOWAS) assess regional integration strategy

The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts in West Africa

The Economic Community of West African States (ECOWAS) and the African Development Bank Group (www.AfDB.org) have concluded consultations for the mid-term assessment of the West Africa Regional Integration Strategy Paper (RISP) 2020-2025 (https://apo-opa.info/48mtfVb). The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts…

African Development Bank Group (AfDB)

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    • African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all
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Source: African Development Bank Group (AfDB) |

African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all

The Bank has launched a $1-billion Africa Climate Insurance Facility for Adaptation to help insure African countries against extreme weather patterns and catastrophic climate shocks

The African Development Bank President (www.AfDB.org), Dr Akinwumi Adesina, has pledged his institution’s full support to the United Nations Secretary General’s Early Warning for All initiative and the Systematic Observations’ Financing Facility. The Bank is the implementing entity for the Facility in Africa. Speaking yesterday at the United Nation’s Climate…

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

African Development Bank and Korea Environmental Industry and Technology Institute (KEITI) sign agreement to deploy environmental and climate-resilient technologies in Africa

Through this partnership, Korea will share technology, experience, and knowledge with the bank’s African member countries

The African Development Bank (www.AfDB.org) and the Korea Environmental Industry and Technology Institute (KEITTI) (https://apo-opa.info/3Pshxj7) have signed a joint technical assistance agreement to enable the scale up of investment in low-carbon and climate-resilient technologies. This will ultimately support climate change mitigation and adaptation efforts in many African countries. The two…

African Development Bank Group (AfDB)

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    • Visit to African Development Bank by Swedfund delegation signals push for closer partnership
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Source: African Development Bank Group (AfDB) |

Visit to African Development Bank by Swedfund delegation signals push for closer partnership

Hakaanson said she hoped the visit would strengthen Swedfund’s partnership with the African Development Bank

During a visit to the African Development Bank (www.AfDB.org), Swedfund CEO Maria Hakaanson has expressed keen interest in strengthening the cooperation and exploring opportunities for the Swedish state development finance institution’s strategic portfolio. Hakaanson visited the Bank’s headquarters in Abidjan on 14 September at the head of a delegation that…

African Development Bank Group (AfDB)

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    • Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture

This funding is the first of two successive geberal budget support operations for fiscal years 2023 and 2024, each worth about $20 million

The Board of Directors of the African Development Fund (https://apo-opa.info/42vfbFI), the African Development Bank Group’s (www.AfDB.org) concessional lending window, has approved a grant of $19.98 million to finance the implementation of Mozambique’s Economic Acceleration and Governance Support Programme. This funding is the first of two successive geberal budget support operations…

African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…

African Development Bank Group (AfDB)

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    • 7th Korea-Africa Economic Cooperation (KOAFEC) business forum
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Source: African Development Bank Group (AfDB) |

Adesina to Korean investors: Africa is the leading market frontier with huge untapped potential

Africa is not as risky as you hear - It is a continent of opportunities, waiting to be tapped

African Development Bank (www.AfDB.org) President Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. “Africa is a continent that cannot be ignored by investors,” Adesina said at a business forum attended by CEOs of Korean corporations, heads of…

African Development Bank Group (AfDB)

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    • African Development Bank, Korea sign agreements for additional funding at 2023 KOAFEC
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (1)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (2)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (3)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development

The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021

The African Development Bank (www.AfDB.org) and the Government of Korea on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million. The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in…

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

Mauritius: African Development Bank affirms commitment to continent’s tourism sector at United Nations Tourism conference

The conference brought together African tourism ministers and key tourism stakeholders from the sector to discuss the development of tourism in Africa

The African Development Bank (www.AfDB.org) has reiterated its support to Africa’s tourism sector, seen as one of the continent’s fastest growing areas. Speaking at the 66th Tourism Conference organized by United Nations World Tourism Organization (UNWTO) in Mauritius in July 2023, Leila Mokaddem, Director General for the Southern Africa Regional…