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African Development Bank Group (AfDB)

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    • Caption: Ambassador Pietro Lazzeri, Head of the Economic Cooperation and Development Division at the State Secretariat for Economic Affairs (SECO) and Governor of the Bank for Switzerland, and Senior Vice President of the African Development Bank Group, Marie-Laure Akin-Olugbade
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Source: African Development Bank Group (AfDB) |

Geneva International Cooperation Forum: African Development Bank Senior Vice President (SVP) Marie-Laure Akin-Olugbade outlines approach to humanitarian contexts

Ms Akin-Olugbade presented the Bank Group's approach which is not to replace humanitarian actors, but to complement them by intervening at the right time and with the right instruments

The fifth Geneva International Cooperation Forum (IC Forum) organised by the Swiss Federal Department of Foreign Affairs' Agency for Development and Cooperation last month, saw the participation of African Development Bank Group (https://AfDB.org/) Senior Vice President, Marie-Laure Akin-Olugbade. Akin-Olugbade joined a high-level panel on “Private-Sector Partnerships in Humanitarian Contexts” which…

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

African Development Bank Group (AfDB) Unveils Africa-Wide Aviation Financing Platform to Turn Growth into Sustainable Profit

The priority now is execution—aligning policy, capital and infrastructure to ensure aviation becomes a durable driver of inclusive growth and regional integration across the continent

With Africa poised to become the world’s fastest-growing aviation market, policymakers and industry leaders are focused on a central challenge: how to translate rising demand into sustainable connectivity, competitiveness, and financial viability. This question anchored deliberations at the two-day Airlines, Capital and Connectivity Forum convened in Nairobi on 25–26 February…

African Development Bank Group (AfDB)

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    • The African Development Bank Group is investing 6.5 million euro stake in the Saviu II fund to support technology start-ups in French-speaking Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group approves €6.5 million investment in Saviu II fund to support technology start-ups in Francophone West and Central Africa

The fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners

The Board of Directors of the African Development Bank Group (www.AfDB.org) today approved an investment of 6.5 million euros in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa. The Bank Group will invest…

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)

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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)
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…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing major financial support to Benin to sustainably increase poultry production in that country
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank to invest €102 million to boost poultry meat production

Implementation of the Programme in Benin’s savannah region will directly benefit some 50,000 people, with a further 500,000 benefiting indirectly, of which 30% of each target groups will be women

The Board of Directors of the African Development Bank Group (http://AfDB.org) meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of the Agriculture Transformation Programme in the country’s savannah region. The programme aims to sustainably increase national poultry meat production in line with…

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

African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project

The project is poised to leverage the country’s world-class solar and wind energy resources

The African Development Bank’s Board of Directors (www.AfDB.org) has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company,  to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green…

African Development Bank Group (AfDB)

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    • From left AfDB Chief Financial Management Officer Jonathan Nyamukapa, PAFA CEO Alta Prinsloo, AfDB Senior Governance Officer Bernadette Kizito Nakabuye AfDB Governance Manager Kalayu Gebre- Selassie, PAFA Director, Effective Professional Accountancy Organizations Evelyn Mwapasa and FAPA Project Coordinator Claudious Chikozho at SAIPA house in Johannesburg
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Source: African Development Bank Group (AfDB) |

African Development Bank, Pan African Federation of Accountants launch $5.2 million initiative to professionalise African accountancy sector

Strategic partnership will tackle critical shortage of public-sector financial professionals across the continent

The African Development Bank Group (www.AfDB.org) and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to address a severe shortage of qualified public sector accountants and auditors across Africa. The launch event was held on 26 November at The South African Institute of Professional Accountants (SAIPA) House…