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

We have high hopes and expectations for your country, Adesina tells President of São Tomé and Príncipe

The International Center for Tropical Agriculture, established by the government to oversee phytosanitary inspections, received US $5 million in funding from the African Development Fund

African Development Bank (www.AfDB.org) President, Akinwumi Adesina, met with São Tomé and Príncipe (https://goo.gl/oL4eNM) President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022. “We have long been a supporter of your country and have great hopes…

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

African Development Bank Launches Coding for Employment Program: Unleashing Africa’s Next Generation of Digital Innovators

Over the last 15 years, the African Development Bank has invested US $1.64 billion in programs to prepare youth for careers in science, technology and innovation

The African Development Bank (www.AfDB.org), together with partners – The Rockefeller Foundation (www.RockeFellerFoundation.org), Microsoft (www.Microsoft.com) and Facebook (www.Facebook.com) – launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this…

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

African Development Bank President in São Tomé and Príncipe to strengthen alliances

The project – financed by a US $2.16-million loan from the African Development Fund, $299,000 from the World Bank and €345,600 from the Portuguese Trust Fund – aims to expand financial inclusion on the island

The first President of the African Development Bank (www.AfDB.org) group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was welcomed by…

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

African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate Change

The international community has pledged to mobilize $100 billion in climate finance per annum by 2020 to support adaptation and mitigation projects in developing countries

Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Of the 10 countries in the world that are most threatened by climate change, seven are in Africa. Cognizant of this situation, the African Development Bank (www.AfDB.org) led the way to what may turn…

African Development Bank Group (AfDB)

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    • The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa (1)
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Source: African Development Bank Group (AfDB) |

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

This partnership reinforces the work of the Africa NDC Hub hosted by the African Development Bank, in accelerating climate action to transition Africa towards a low carbon and climate resilient development pathway

The African Development Bank  (www.AfDB.org) and the Global Green Growth Institute (GGGI) (www.GGGI.org) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, (https://am.AfDB.org/en) to promote programs, projects, joint studies and research activities to accelerate green growth options for African…

African Development Bank Group (AfDB)

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    • Korea ready to share its technological and industrial revolution experience with Africa, says President Moon Jae-in (1)
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Source: African Development Bank Group (AfDB) |

Korea ready to share its technological and industrial revolution experience with Africa, says President Moon Jae-in

The Chairman of the African Union and Rwandan President, Paul Kagame noted that holding the Annual Meetings in Busan presents a unique opportunity to enforce the growth cooperation between Africa and the Republic of Korea

Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution. His message came at the opening ceremony of the 53rd Annual Meetings of the African Development Bank (https://AM.AfDB.org/en). “Africa is no longer the sleeping lion.…

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

African Development Bank delivers strong operational results

The Bank is scaling up its efforts to accelerate the pace of industrialization, supported by its presence in 38 countries and by timely and quality operations

The African Development Bank (www.AfDB.org) is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness Review (ADER) (https://goo.gl/LQoJUJ), which was released at the Bank’s Annual Meetings in Busan, Republic of Korea. Every year, ADER scrutinizes the Bank’s operational effectiveness…

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

Fund for African Private Sector Assistance (FAPA) Donors and African Fertilizer and Agribusiness Partnership (AFAP) sign grant agreement in support of local supply and utilization of fertilizer in Africa

This initiative complements the Bank’s strategy for transforming agriculture value chains in Regional Member Countries and strengthening private enterprises

On the sidelines of the African Development Bank (www.AfDB.org) Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) (https://goo.gl/bkP5Bm) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in…

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

Climate and disaster risk financing get fresh boost from African Development Bank

“We talk about integrating Africa. We cannot integrate countries that are fragile, we can only integrate countries that are secured.”– Akinwumi Adesina, President, African Development Bank

The President of African Development Bank (www.AfDB.org), Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) (www.AfricanRiskCapacity.org) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan, Korea.…

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

Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings

The Bank and the Republic of Korea also signed an agreement with the intent to provide up to $600 million towards the energy sector

The Government of Korea and the African Development Bank (www.AfDB.org) have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa.…