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    • African Development Bank Group president Akinwumi Adesina (left) and International Fund for Agricultural Development (IFAD) President Alvaro Lario
    • African Development Bank Group president Akinwumi Adesina (left) and Food and Agriculture Organization (FAO) Director General Qu Dongyu
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Source: African Development Bank Group (AfDB) |

Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders in Rome ahead of 2023 African Food Summit in Dakar

The goal of the Dakar 2 conference is to mobilize political support for the structural transformation of agriculture in Africa

Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of the African Development Bank Group (https://www.AfDB.org/en) Dr. Akinwumi Adesina, the International Fund for…

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    • Government representatives and experts from the Bank and the Mano River Union, joined by women traders to launch the BI-BEST project
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Source: African Development Bank Group (AfDB) |

Mano River Union launches scheme to build inclusive business ecosystems (By Charleine MBUYI LUSAMBA & Hoda Tarek)

Sierra Leone’s Minister of Gender and Children's Affairs, Manty Tarawalli, commended the African Development Bank for what she said was a “well-thought” initiative to support women’s economic empowerment

By Charleine MBUYI LUSAMBA, Task Manager & Hoda Tarek, Gender and Development Expert On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown,…

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    • Africa Climate Change Fund launches Women and Youth Entrepreneurship Project
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Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

The virtual launch followed the approval of a $1 million grant funding by the ACCF’s development partners for the project

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African…

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    • African leaders of government and institutions at the AU Industrialization Summit in Niamey, Niger
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African leaders call for faster industrialization during African Union Summit

Bazoum called on African countries to entrench the rule of law to catalyze the emergence of the African private sector

African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization,…

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    • African Development Bank President, Dr. Akinwumi Adesina and European Bank for Reconstruction and Development President, Odile Reinaud-Basso
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Conference of the Parties (COP27): African Development Bank Group and European Bank for Reconstruction and Development (EBRD) affirm commitment to climate adaptation and to helping African businesses become more resilient

Climate adaptation in Africa was a key condition to preserving economic growth and maintaining social cohesion on the continent

African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina and European Bank for Reconstruction and Development (EBRD) President Odile Reinaud-Basso have agreed that their organizations would step up cooperation to enhance resilience among African businesses. The two development bank heads held talks earlier this month at this year’s global climate summit…

Source: African Development Bank Group (AfDB) |

African Development Fund invests more than $6 million to strengthen public finance governance in African countries

This project is a follow-on to a first phase approved by the African Development Bank in 2016

The Board of Directors of the African Development Fund (www.AfDB.org) have approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG) (https://bit.ly/3Ufqehd) which will be implemented by two…

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    • Abdu Mukhtar, African Development Bank Director of Trade and Industrial Development, during the launch of the Africa Industrialization Index in Niamey
    • Africa Industrialization Index Top Ten Countries by Score 2022
    • Africa Industrialization Index Top 10 countries by sub-index
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Source: African Development Bank Group (AfDB) |

New report by African Development Bank, partners finds that 37 African countries have industrialized in last decade

Top performers not necessarily those with the biggest economies, but countries that generate high manufacturing value-added per capita

Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank (www.AfDB.org), the African Union and the United Nations Industrial Development Organization (UNIDO). The Africa Industrialization Index (AII) report provides a country-level assessment of 52 African countries’…

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    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (1)
    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (2)
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Source: African Development Bank Group (AfDB) |

Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place

The virtual event was held from 25-27 October 2022 and brought together approximately 111 participants from governments, the private sector and development partners

The African Development Bank Group’s (www.AfDB.org) sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia under the theme: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade. The virtual event was held from 25-27 October 2022 and brought together…

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European Bank for Reconstruction and Development (EBRD), African Development Bank Group (AfDB) and French Development Agency (AFD) launch tool to support private businesses and public sector improve gender responsiveness

Gender Equality in Climate Action Accelerator will support users in assessing their climate strategies

The European Bank for Reconstruction and Development (EBRD), the African Development Bank Group (www.AfDB.org) and the French development agency AFD, in partnership with the Egyptian government, have launched the Gender Equality in Climate Action Accelerator (https://bit.ly/3TS57Bh). The Accelerator will support private sector companies improve the gender responsiveness of their corporate…

Source: African Development Bank Group (AfDB) |

On Global Women’s Entrepreneurship Day, Lionesses of Africa’s Business Confidence Report celebrates African women entrepreneurs’ optimism about business

The report is funded by the African Development Bank Group, through the Affirmative Finance Action for Women in Africa (AFAWA) Initiative

Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report (https://bit.ly/3EeO9au) and Index (https://bit.ly/3UPZdSm) launched on Global Women’s Entrepreneurship Day. The report, prepared by Lionesses of Africa Public Benefit Corporation and New York University finds that…