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

African Development Bank Appoints Pepin Vougo Acting Director of Corporate Information and Technology

Pepin Vougo has more than 20 years of experience in technology and its application

Senior Management is pleased to announce the appointment of Mr. Pepin Vougo as Acting Director, Corporate Information and Technology Department effective 1 April 2020. Pepin Vougo has more than 20 years of experience in technology and its application. He is a seasoned executive with depth and breadth of experience in…

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

African Development Bank appoints Nourredine Lafhel Acting Chief Risk Officer

An experienced risk management professional, Nourredine has more than twenty (20) years of experience in finance and risk management

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mr. Nourredine Lafhel as Acting Chief Risk Officer, effective 6th April 2020. Lafhel, a Canadian national, is currently the Sovereign Credit and Market Risk Division Manager (PGRF3), in the Directorate of the Group Risk Management Function of the African Development Bank Group. An…

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

African Development Bank appoints Mrs. Nafissatou N’diaye Diouf Acting Director for Communications and External Relations

Nafissatou, a Senegalese national, is currently a Division Manager in the Communications and External Relations Department of the African Development Bank Group

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mrs. Nafissatou N’diaye DIOUF as the Acting Director for Communications and External Relations Department (PCER), effective 1 April 2020. Nafissatou, a Senegalese national, is currently a Division Manager in the Communications and External Relations Department of the African Development…

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

Opinion: The pandemic is no time for fiscal distancing (By Akinwumi A. Adesina)

The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario

Akinwumi A. Adesina is President of the African Development Bank Group (www.AfDB.org) These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic across financial markets, as…

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

African Development Bank Group approves Gender Equality Trust Fund and Risk-Sharing Mechanism to improve women’s economic empowerment in Africa

Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme

The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a new Gender Equality Trust Fund (GETF) aimed at pushing forward gender equality and women’s empowerment across the continent. Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for…

African Development Bank Group (AfDB)

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    • 2020-02-14 Kiaruni/Kenya Swarm of 40-50 million adult desert locust hits millet fields in dmall Kenyan village - By Nicole Macheroux-Denault
    • Swarm of destructive Desert Locusts fill the sky over Samburu NR, Kenya. Locusts appear as dots in front of White clouds and blue sky. Schistocerca gregaria - By Jen Watson
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $1.5 million emergency grant to curb desert locusts ravaging East and Horn of Africa

The proposed assistance will be channeled to the Intergovernmental Authority on Development (IGAD)

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security. The proposed assistance will be…

African Development Bank Group (AfDB)

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    • Trading thrives as new highway financed by the African Development Bank opens up northern Togo (1)
    • Trading thrives as new highway financed by the African Development Bank opens up northern Togo (2)
    • Trading thrives as new highway financed by the African Development Bank opens up northern Togo (3)
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Source: African Development Bank Group (AfDB) |

Trading thrives as new highway financed by the African Development Bank opens up northern Togo

The 120-metre Alemondji bridge was built as part of the renovation of the roads on the CU9 corridor linking Lomé, Cinkansé and Ouagadougou

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans. "Just…

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

Seychelles: African Development Bank Supports Blue Economy with $800k Fund for African Private Sector Assistance (FAPA) grant

The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors

The African Development Bank (www.AfDB.org) has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector.  The package will help Seychelles develop its marine biotechnology sector, strengthen the capacity of public institutions and private operators, create a…

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

African Development Bank to provide underserved communities in Nigeria with sustainable energy solutions

The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal energy access by 2030

The African Development Bank (www.AfDB.org) and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts…

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

African Development Bank Debars Beulah Universal Link Resources Limited And Bluestream Systems And Device Limited For Fraudulent Practices

While participating in a tender for construction and rehabilitation of water reservoirs contracts, the companies misrepresented their qualifications for the contracts

The African Development Bank Group (https://www.AfDB.org/) on 17 March 2020, announces the debarment of Beulah Universal Link Resources Limited for 36 months and Bluestream Systems and Device Limited for 12 months. Both companies are registered in Nigeria. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that…