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

African Development Bank appoints Dr. Alex Mubiru as Director General, Cabinet Office

Mubiru has been Acting Director General in the Cabinet Office of the President since December 2021 and Director of Strategy and Delivery, in the same office

The African Development Bank (www.AfDB.org) has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national, brings close to 25 years of experience to the position, with a proven track record in the…

African Development Bank Group (AfDB)

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    • In Benin, the Ouémé Valley is recording a surplus of agricultural food production (rice, maize), thanks to a project supported by the African Development Bank.
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Source: African Development Bank Group (AfDB) |

Residents of Benin’s Ouémé Valley Increase Their Incomes, Thanks to an African Development Fund Project

The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group's concessional arm, the African Development Fund

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project (https://bit.ly/3bnewkj) successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from…

African Development Bank Group (AfDB)

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    • African Development Bank Group appoints Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery (1)
    • African Development Bank Group appoints Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery (2) (FR)
    • African Development Bank Group appoints Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group appoints Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery

Akin-Olugbade, a Cameroonian national, is currently the Director General of the Business Development and Delivery Office for the West Africa Region of the Bank Group

The African Development Bank (www.AfDB.org) has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August 2022. Akin-Olugbade, a Cameroonian national, is currently the Director General of the Business Development and Delivery Office for the West Africa…

African Development Bank Group (AfDB)

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    • From right to left, Joseph Ribeiro, Deputy Managing Director of the Bank for West Africa, Yéo Nahoua, Chief of Staff to the Ivorian Minister of Planning and Development, Siélé Silué, Special Advisor to the Prime Minister with responsibility for projects co-financed by technical and financial partners
    • Bank experts, Ivorian government representatives and other stakeholders came together for a workshop to discuss achievements of the Bank portfolio in 2022 and the plan for 2023-2027
    • Family photo of Bank experts, Ivorian government representatives, technical partners of Côte d'Ivoire, private sector and civil society representatives at the July 22 summing-up workshop for the four consultation days
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Source: African Development Bank Group (AfDB) |

African Development Bank and Côte d'Ivoire start Preliminary Discussions for 2023-2027 Strategy

The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d'Ivoire, and the completion report of the Bank's 2018-2022 Country Strategy Paper (CSP)

The African Development Bank (www.AfDB.org) and the government of Côte d'Ivoire initiated a preliminary dialogue in Abidjan on July 18-22, 2022, to lay the foundations for the Bank's strategy in Côte d'Ivoire over the next five years. Led by the Bank's Deputy Managing Director for West Africa, Joseph Ribeiro, the…

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    • U.S. National Bar Association Honors Akinwumi Adesina with Distinguished Ronald Harmon Brown Award of International Distinction
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Source: African Development Bank Group (AfDB) |

U.S. National Bar Association Honors Akinwumi Adesina with Distinguished Ronald Harmon Brown Award of International Distinction

The award is named in honor of Ron Brown, the first African American to Chair a major U.S. political party, and the first African American to be appointed Commerce Secretary

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina, was honored with the distinguished Ronald Harmon Brown Award of International Distinction, by the National Bar Association, in the United States. The award is named in honor of Ron Brown, the first African American to Chair a major U.S. political party, and…

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    • African Development Bank, African Continental Free Trade Area Secretariat, Sign $11 Million Institutional Support Grant Agreement
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Continental Free Trade Area Secretariat, Sign $11 Million Institutional Support Grant Agreement

The signing took place on 25 July 2022, on the margins of the ninth meeting of the AfCFTA Council of Ministers responsible for trade, held in Accra, Ghana

The African Development Bank Group (www.AfDB.org) and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package to enhance the Secretariat’s effective implementation. The signing took place on 25 July 2022, on the margins of the ninth meeting…

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

African Development Bank and African Guarantee Fund Launch Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Collaboration with Tanzania Bankers’ Association

The opening day on Tuesday 26 July 2022 drew over 200 representatives from banks and other financial institutions, governments, policymakers, and entrepreneurs in Tanzania

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African Guarantee Fund (AGF) and the Tanzania Bankers’ Association this week in Dar es Salaam. The opening day on Tuesday 26 July 2022 drew over…

African Development Bank Group (AfDB)

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    • Jules Ngankam, CEO of AGF Group (left), Abdulmajid Nsekela, CEO of CRDB, and Nnenna Nwabufo, African Development Bank’s Director General for East Africa, holding copies of the signed agreements.
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Source: African Development Bank Group (AfDB) |

African Development Bank and African Guarantee Fund Sign $110 Million Agreement with Tanzania’s CRDB Bank to Boost Access to Finance by Women’s SMEs

The African Development Bank’s Nnenna Nwabufo stated that the partnership would, as CRDB expands, enable SMEs to access finance in the region

The African Development Bank (www.AfDB.org) signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a senior loan of $10 million to accelerate access to finance for small businesses managed and owned by women in Tanzania. The facility is coupled with…

African Development Bank Group (AfDB)

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    • (L-R) Dana Banks, Special Assistant to the President and NSC Senior Director for Africa, National Security Council, Chinelo Anohu, Senior Director, Africa Investment Forum (AIF), Enoh, Ebong, Director, United States Trade and Development Agency (USTDA)
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Source: African Development Bank Group (AfDB) |

The U.S. Trade and Development Agency (USTDA) and Africa Investment Forum (AIF) Showcase Women as Investment Champions

USTDA and AIF showcased how their existing partnership advances women-led sustainable infrastructure in Africa

The U.S. Trade and Development Agency (USTDA) and African Development Bank’s (www.AfDB.org) Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality solutions for Africa’s infrastructure needs. The forum took place during last week’s U.S.-Africa Business Summit, in Marrakech, Morocco. During the forum, USTDA and…

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    • Ethiopian President Sahle-Work Zewde greets African Development Bank chief Akinwumi Adesina during a visit to the Bank’s headquarters in Abidjan on 16 December 2021. The Bank Group’s African Development Fund is supporting Ethiopia with a $4.3 million grant to fund capacity building
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund approves $4.3 million grant to fund capacity building, boost economic resilience

The African Development Fund is the concessional lending arm of the African Development Bank Group

The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments, to enable the country tackle declining growth and other economic challenges. The Ministry of Finance will implement the project. The African Development Fund is…