We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The project, supported by the African Development Bank Group, will increase the rate of socio-professional integration among young people in Côte d'Ivoire
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Group approves €139 million loan to boost youth employment in Côte d'Ivoire

The initiative targets training more than 8,700 young people, with 50 percent being women, in five strategic sectors – renewable energy, digital economy, agribusiness, blue economy, and the textile and clothing industry

The African Development Bank Group (www.AfDB.org) has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d'Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • ABN Group Chairman Rakesh Wahi (center) presenting the ‘African of the Decade’ award to Dr. Adesina (second from left) in the company of his wife, Grace (fourth from left), and Roberta Naicker, ABN Group Managing Director (far right)
    • African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
  • All (2)
Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

The awards committee highlighted Adesina’s innovative collaborations, including leading the African Development Bank in a groundbreaking partnership with the World Bank to provide electricity access to 300 million Africans

In a milestone celebration of African leadership, Dr. Akinwumi Adesina's decade-long impact on continental development has earned him the inaugural "African of the Decade" award. The African Development Bank Group (www.AfDB.org) President received this distinguished honor (https://apo-opa.co/3DfQd5i) at last week's Africa Investment Forum in Rabat, marking a defining moment in…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • A screenshot of some of the youth entrepreneurs pitching business ideas during the virtual Africa Tech Startup Forum organized by AfDB’s Innovation and Entrepreneurship Lab
  • All (1)
Source: African Development Bank Group (AfDB) |

African Youth Tech Venture Entrepreneurs Embark on Groundbreaking Korean Innovation Tour

Financially supported by the Korea-Africa Economic Cooperation Trust Fund, the Africa Tech Startup Forum is part of the African Development Bank’s broader Jobs for Youth in Africa Strategy

Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133…

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

African Development Bank Group to extend facilities worth $200 million and ZAR 3.6 billion to Standard Bank Group to increase trade in Africa and support Small and Medium-sized Enterprises (SMEs)

The partnership will bolster Standard Bank Group’s capital, increase support for small and medium-sized enterprises (SMEs) in South Africa and expand trade across the African continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in Africa. The first is a $200 million trade finance risk participation agreement (RPA) for Standard Bank of South Africa Limited; the second is a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • (left to right) HE Nardos Bekele-Thomas, HE Dr David Masondo - Deputy Minister of Finance of South Africa, Ms Leila Farah Mokaddem - DG of Southern Africa, HE Andre Nzapayeke - Dean of Africa Group of Heads of Diplomatic Missions, HE Salih Omar Abdu - The Dean of the Diplomatic Corps in SA and Ambassador of the State of Eritrea in South Africa
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

The 60th-anniversary celebrations are a testament to the Bank’s resilience and the enduring support of its partners

The African Development Bank (AfDB) (www.AfDB.org) proudly celebrates its Diamond Jubilee, marking 60 years of driving social and economic transformation across the African continent. The Southern African regional celebration, held in Johannesburg, brought together leaders, stakeholders, and partners to reflect on the institution’s remarkable journey and its vision for a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • Africa Investment Forum: African Development Bank and Italy's Cassa Depositi e Prestiti (CDP) to Mobilise up to €750 Million for Africa (1)
    • Africa Investment Forum: African Development Bank and Italy's Cassa Depositi e Prestiti (CDP) to Mobilise up to €750 Million for Africa (2)
  • All (2)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum: African Development Bank and Italy's Cassa Depositi e Prestiti (CDP) to Mobilise up to €750 Million for Africa

The partnership framework agreement between the two entities setting up the Growth and Resilience Platform for Africa (GRAf)—signed on 5 December in Rabat—follows the signing of a letter of intent in July 2024

The African Development Bank Group (www.AfDB.org) and Italy’s National Promotional Institution Cassa Depositi e Prestiti (CDP) have signed a new implementing agreement for cooperation through an investment platform to advance the continent’s economic growth.   The partnership framework agreement between the two entities setting up the Growth and Resilience Platform for…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • AfDB Vice President, Dr. Beth Dunford (c), with Dr. Olasupo Olusi, Bank of Industry’s Managing Director/CEO (l), and African Guarantee Fund Group Chief Executive Officer, Jules Ngankam (r) at the signing ceremony
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative teams with African Guarantee Fund, Bank of Industry for $50 million financing agreement targeting Nigerian small and medium enterprises

The new deal will support women-led businesses via the AFAWA Guarantee for Growth program, which makes financing available for women entrepreneurs through de-risking and technical assistance measures

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide financial and business support to Nigeria’s women-led enterprises. The African Guarantee Fund and Bank of Industry signed the $50 million loan portfolio…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The loan from the African Development Bank will enable Transnet, which employs over 50,000 people, to continue to play an essential role in the South African economy
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Accelerates Private Sector Support with Initial Disbursement of USD 1 Billion Loan to Transnet

The efficiency of the disbursement reflects Transnet’s fulfilment of the Bank’s rigorous requirements for governance, the environmental stewardship, and social responsibility

The African Development Bank (www.AfDB.org) has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement is the first in a series of four tranches planned for an unparalleled financing arrangement to support Transnet’s business’s…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (6)
    • Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential (1)
    • Investors and project developers gathered to review, discuss and engage on 37 investment projects across 41 investment boardrooms. (Pictures: boardrooms chaired by African Development Bank Group Dr Akinwumi Adesina.)
    • Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, urged the African diaspora to invest in the continent
    • Named “African of the Decade” by the All Africa Business Leaders Award, African Development Bank Group President Dr Adesina reiterated his optimism about the future of Africa, “the place to be” for investors
    • Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential (2)
    • The Africa Investment Forum has solidified its role as a cornerstone for catalyzing transformative investments across the continent. Picture: one of the numerous signing ceremonies held during the Market Days
  • All (6)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential

During the closing press conference, representatives of the Forum’s founding partners reaffirmed their commitment to deepening collaboration and enhancing the platform’s convening power to mobilize critical investments for Africa

The Africa Investment Forum 2024 Markets Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco.  The Chair of the Africa Investment Forum, President of the African Development Bank, Dr Akinwumi A Adesina, described this latest total as “truly…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Representatives of the African Development Bank and Bank of Africa Maroc at the signing of the risk-sharing agreement at the African Investment Forum
  • All (1)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of Small and Medium-sized Enterprises (SMEs) and boost African trade

The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks in their international operations

The African Development Bank (www.AfDB.org) and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco. The risk-sharing agreement will…