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African Development Bank Group (AfDB)

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    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (1)
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (2)
    • African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization

The Fund has garnered close to its first target of $400 million, primarily from member state contributions

The African Development Bank (www.AfDB.org) has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address fragility and build resilience across the continent. Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery, said this during a…

African Development Bank Group (AfDB)

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    • As the sole operator of ports, railways and oil pipelines, Transnet holds a unique position in the freight logistics sector in South Africa and the Southern African Development Community (SADC) region
    • South Africa boasts the highest level of railway infrastructure in Africa, covering around 30,000 km. It ranks as the world’s 14th largest in length and is notably well-developed compared to other emerging markets
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (1)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (2)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (3)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (4)
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully…

African Development Bank Group (AfDB)

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    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (1)
    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (2)
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Source: African Development Bank Group (AfDB) |

Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation

Kimani’s winning invention is an advanced early detection system, designed to detect crop pests and diseases swiftly, which can reduce crop losses by up to 30% and increase yields by as much as 40%

Esther Kimani, a 2022 YouthADAPT winner, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering on June 13 in Nairobi, Kenya. YouthADAPT is sponsored by the African Development Bank (www.AfDB.org) and the Global Center on Adaptation under the Africa Adaptation Acceleration Program (AAAP) (https://apo-opa.co/3XZTJch).  Innovative…

African Development Bank Group (AfDB)

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    • African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department (1)
    • African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department (2) (FR)
    • African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department (3) (PT)
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Source: African Development Bank Group (AfDB) |

African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department

Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies to align with the strategic objectives of organisations

The African Development Bank (www.AfDB.org) has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies to align with the strategic objectives of organisations. He also brings…

African Development Bank Group (AfDB)

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    • Left to right, seated: Zeneb Touré, head of the Bank’s Civil Society and Community Engagement Division, Martha Phiri, Director of the Human Capital, Youth and Skills Development Division, and acting head of the Civil Society and Community Engagement Department, and Dagou Yvonne Nivine Gadji, representing the SEPHIS Foundation. With them are some of the event participants, and colleagues from the Bank
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Launches Project to Map Women Entrepreneurs’ Associations in Africa

The mapping project aims to strengthen the associations’ visibility, improve their institutional capacities, and facilitate access to financing

The African Development Bank (www.AfDB.org) launched a project on 26 June aimed at mapping 160 women entrepreneurs’ associations in 16 African countries. The mapping project, supported by the Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) (htps://apo-opa.co/3Y8HxWX) initiative and Gender Equality Trust Fund (GETF), aims to strengthen the associations’ visibility,…

African Development Bank Group (AfDB)

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    • AFAWA Bank of the Year on financing the smallest of women-led businesses
    • Watch Centenary Rural Development Bank General Manager for Commercial and SME Banking, Michael Jjingo talk about the Bank’s commitment to providing financing to women-led businesses
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    • Michael Jjingo (right), Gen. Manager for SME banking at “AFAWA Bank of the Year” award-winning Centenary Rural Development Bank, poses with his financing clients: Jude Colors Solutions Board Member Camillus Namata (in grey) and company representatives
    • Watch Centenary Rural Development Bank General Manager for Commercial and SME Banking, Michael Jjingo talk about the Bank’s commitment to providing financing to women-led businesses.
    • Jude Color Solutions Board Member Camillus (right), who’s women-led company benefitted from the AFAWA Guarantee for Growth program via Centenary Rural Development Bank, meets African Development Bank Group President Akinwumi Adesina, AFAWA partners and beneficiaries
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    • Centenary Rural Development Bank says it increased its women clients base by 23% in just three years, with financial services like the “Center SupaWoman” account
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Source: African Development Bank Group (AfDB) |

Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year that created “SupaWoman” financial service says when women are given opportunity for financial inclusion, they can do miracles

The Supawoman product is about that woman, that underprivileged woman, that woman who is struggling to be able to grow that business

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024 (www.AfDB.org), Centenary Rural Development Bank, exemplifies the spirit of this year’s United Nations Micro, Small and Medium-size (MSMEs) Enterprises Day: “leveraging the power and resilience of MSMEs to accelerate sustainable development and eradicate…

African Development Bank Group (AfDB)

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    • The African Development Fund is helping Guinea to build institutional capacities that can facilitate industrial development and strengthen the resilience of its SMEs
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Source: African Development Bank Group (AfDB) |

Guinea: USD 14 million loan from the African Development Fund will support industrial development and resilience of Small and Medium-sized Enterprises (SMEs)

The goal is to speed up economic transformation through stimulation of SMEs, including women's SMEs, industrial modernisation and exports, making the economy more competitive and promoting private investment

The Board of Directors of the African Development Fund (https://apo-opa.co/3VAvcHY), the concessional window of the African Development Bank Group (www.AfDB.org), has approved a loan of US $14.04 million to Guinea for implementation in the country of the Industrial Development and SME Resilience Support Project. The financing comes from Pillar 1…

African Development Bank Group (AfDB)

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    • The letter of intent was signed in Abidjan by Aida Ngom, AfDB Director of the Private Sector Development Department and by the Managing Director of the African Solidarity Fund, Abdourahmane Diallo.
    • The signing of the letter of intent took place on the sidelines of the opening ceremony of the 3rd Ordinary Session of the Board of Governors of the African Solidarity Fund, which was chaired by Nialé Kaba, Côte d'Ivoire's Minister of the Economy, Planning and Development (centre).
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Source: African Development Bank Group (AfDB) |

African Development Bank and African Solidarity Fund seal strategic partnership

This strategic partnership represents a first step towards boosting cooperation between the Bank and the Fund as regards knowledge-sharing and technical assistance

The African Development Bank (www.AfDB.org) and the African Solidarity Fund (ASF) have signed a letter of intent to strengthen the two institutions’ working relationship and synergy. The partnership was ratified by Aida Ngom, Director of the Private Sector Development Department, on behalf of the African Development Bank Group, and Abdourahmane…

African Development Bank Group (AfDB)

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    • From right, AfDB's VP Quaynor discussing African startups with Kazumasa Kimura, Vice chairperson of Keizai Doyukai's Japan-Middle-East/Africa Relations Committee, Ken Shibusawa, Vice-Chairperson, Africa Project Team, Keizai Doyukai, Allm CEO Teppei Sakano and Satoshi Shimoda, Senior Staff Writer, Nikkei Inc. at the JABF
    • Africa offers some of the highest returns globally, VP Urama told the Forum audience
    • VP Kariuki (at right) said Japan has a competitive advantage in geothermal technology
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Source: African Development Bank Group (AfDB) |

Africa Offers Attractive Investment Opportunities for Japanese Firms, Say African Development Bank Leaders

Bank leaders underscored the institution's commitment to making investing in Africa more attractive

Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank's strong support to manage risks, African Development Bank Group (www.AfDB.org) leaders stressed at the Japan-Africa Business Forum in Tokyo. "Africa has huge private sector opportunities. The continent offers some of the highest…

African Development Bank Group (AfDB)

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    • Director General of the African Development Bank's Nigeria Country Department, Lamin Barrow (left), and Chinua Azubike, CEO of InfraCredit, exchange the deed of agreement for a $15 million subordinated loan signed on June 14, 2024, to enhance infrastructure financing in Nigeria
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Source: African Development Bank Group (AfDB) |

CORRECTION - Nigeria: African Development Bank and Infrastructure Credit Guarantee Company Limited sign $15 million agreement to enhance infrastructure financing

InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects

The African Development Bank (www.AfDB.org) and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit's capital base and attract institutional investors’ resources to help close Nigeria's infrastructure financing gap. Lamin Barrow, Director General of the African Development Bank's Nigeria Country…