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

Arab Coordination Group and African Development Bank Group Launch a Structured Strategic Partnership to Scale Co-Financing and Investment in Africa

The High-Level Consultation Meeting culminated in the adoption of a Joint Declaration on a Strategic Partnership between the ACG and the AfDB

High-Level Consultation Meeting brings together Heads of the Arab Coordination Group and the African Development Bank Group in Abidjan. Joint declaration adopted to strengthen partnership for Africa’s economic transformation. The Arab Coordination Group (ACG) and the African Development Bank Group (AfDB) (www.AfDB.org) launched a new phase of their partnership aimed at…

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

African Development Bank Group and Nedbank Group sign multi-billion-rand funding partnership to transform housing access and boost African trade

Multi-billion-rand social bond subscription and the trade finance facility agreements target affordable housing for women and first-time buyers while unlocking continental trade financing for Africa

The African Development Bank Group (www.AfDB.org) and Nedbank Group have signed a landmark deal to boost access to affordable housing in South Africa and strengthen trade across the continent. The financing package comprises two components: a ZAR 2.5 billion social bond investment in Nedbank Group Limited and a $60 million…

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

16 Days of Activism against gender-based violence: Five Bold Moves to end digital gender-based Violence — and unlock Africa’s digital promise (By Jemimah Njuki and Ndey Oley Cole)

Ending digital gender-based violence is central to achieving inclusive growth, human dignity, and the promise of Africa’s digital future

By Jemimah Njuki , Director of the Women, Gender and Civil Society Department at the African Development Bank  (www.AfDB.org) and Ndey Oley Cole, senior program manager. The 16 Days of Activism against Gender-Based Violence campaign is an international campaign led by the United Nations to challenge violence against women and…

African Development Bank Group (AfDB)

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    • The partner countries of the African Development Fund announced today a record contribution of US$11 billion for the next three years
    • The President of the African Development Bank Group, Sidi Ould Tah, who was leading his first African Development Fund negotiations, secured exceptional support to replenish the Fund's resources and advance its development program based on the Four Pillars
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Source: African Development Bank Group (AfDB) |

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

For the first time in the Fund’s history, 23 African countries have made unprecedented contributions to their own concessional financing window

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group (www.AfDB.org), has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history, despite severe global fiscal constraints and declining aid budgets. The outcome represents a 23%…

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

Liberia secures Global Environment Facility (GEF) approval for landmark mercury-reduction project in the gold mining sector, backed by the African Development Bank Group

The initiative marks Liberia’s entry into the planetGOLD programme, a global effort supported by the GEF that has already assisted more than 20 countries in reducing mercury use while improving environmental health and livelihoods

The Global Environment Facility (GEF) has approved a transformative project developed by the Environmental Protection Agency (EPA) of Liberia and supported by the African Development Bank Group (www.AfDB.org) to dramatically reduce mercury pollution from artisanal and small-scale gold mining (ASGM). The project, with $7.67 million in GEF financing and an…

African Development Bank Group (AfDB)

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    • Monique Mulo Itala, registered nurse at the Mama wa Elikya health centre in Mbandaka (Equateur province), which receives hygiene kits as part of the response against the mpox virus in the DRC
    • The Emergency Assistance Project to combat mpox, funded by the African Development Bank and implemented by the WHO, has made it possible to vaccinate thousands of people in the Congolese province of Equateur
    • Hand-washing demonstration at a school in Mbandaka: children aged 0-15 accounted for 63 percent of suspected cases of mpox and 80 percent of deaths in the country
    • A resident of Mbandaka proudly presents her hygiene kit, her eyes full of hope for a future without the mpox virus in her community
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Source: African Development Bank Group (AfDB) |

From fear to hope: How Democratic Republic of Congo’s (DRC) Equateur province turned the tide on mpox

The province is not only celebrating the decline of the mpox virus, but also paying tribute to the community’s solidarity and determination that made it possible

In Mbandaka, the capital of the Democratic Republic of Congo’s Equateur province, the past few months have tested the resolve of health workers at the Mama wa Elikya centre. As cases of mpox -- formerly known as monkeypox-- rose steadily, carers worked under the constant shadow of fear and uncertainty,…

African Development Bank Group (AfDB)

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    • As the concessional window of the @AfDB_Group, the African Development Fund has provided more than US$45 billion in grants and low-interest loans to 37 low-income countries in Africa since 1972
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Source: African Development Bank Group (AfDB) |

High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs

Over the last five decades it has been instrumental in improving the lives of tens of millions across the 37 low-income countries it serves, amid mounting climate, economic and security pressures

The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) (www.ADF.AfDB.org) in London from 15-16 December, convening donor countries to back Africa’s next chapter of growth. The Fund, established in 1972 as the concessional arm of the…

African Development Bank Group (AfDB)

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    • AfDB's Country Manager for São Tomé and Principe Pietro Toigo (left) and Gareth Haddad Guadalupe, Minister of Economy and Finance, at the signing of a new $18 million grant financing
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Source: African Development Bank Group (AfDB) |

African Development Bank and São Tomé and Príncipe sign three new grant financing agreements

Signed on Thursday at the São Tomé and Príncipe Investment Forum in Brussels, the three agreements will support energy, climate-smart agriculture, and integrated water-energy-food security

The African Development Bank Group (www.AfDB.org) and the Government of São Tomé and Príncipe have deepened their development partnership with $18 million in new grant financing. Signed on Thursday at the São Tomé and Príncipe Investment Forum in Brussels, the three agreements will support energy, climate-smart agriculture, and integrated water-energy-food…

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

African Development Bank Group welcomes Canadian Africa Envoy for discussions to reshape cooperation

The Senior Vice-President highlighted opportunities for strengthening partnership through business opportunity seminars that are held twice a year

The Senior Vice-President of the African Development Bank Group (www.AfDB.org) Marie-Laure Akin-Olugbade welcomed Canada's Special Envoy for Africa, Ambassador Ben Marc Diendéré, to the institution's headquarters. The cordial meeting was marked by frank discussions, putting the relationship between Canada and the Bank on a new footing. "Canada is a partner and…

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    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (1)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (2)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (3)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (4)
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    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity
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Source: African Development Bank Group (AfDB) |

Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity

The report asserts that realising the potential of AI depends on five interlinked enablers: data, compute, skills, trust, and capital

The African Development Bank (www.AfDB.org) has released a report establishing a strategic roadmap for unlocking the economic and social potential of artificial intelligence (AI) across Africa. Developed under the G20 Digital Transformation Working Group, Africa’s AI Productivity Gain: Pathways to Labour Efficiency, Economic Growth and Inclusive Transformation  gives an overview…