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

Charming Sharm El Sheikh in Egypt lays the red carpet for the 14th Edition of the African Economic Conference

More than 500 researchers, NGOs, policymakers will meet 2-4 December to promote jobs, entrepreneurship and capacity development for African youths

It is in Sharm El Sheikh, Egyptian seaside town, nestled between the desert of the Sinai Peninsula and the Red Sea, that the 14th Edition of the African Economic Conference (AEC) (http://bit.ly/2O6yNvX) will take place. Slated for 2-4 December 2019, the AEC will focus on the theme, “Jobs, Entrepreneurship and…

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

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank (https://www.AfDB.org) becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade…

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

Africa Investment Forum: Family businesses - an underestimated economic driving force

Family businesses by nature often build lasting relationships, valuable in any investment climate

Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views…

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

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board Ink $600 Million Loan Agreement to Boost Cocoa Production

The multi-million dollar agreement is a milestone for the Bank-convened Africa Investment Forum

Agreement is a turning point for scaling up the cocoa value chain – President Nana Addo Dankwa Akufo-Addo of Ghana; Ghana is bankable, cocoa is bankable and of course Africa is bankable - Dr. Akinwumi A. Adesina, President, African Development Bank (https://www.AfDB.org). The African Development Bank, Credit Suisse AG, the Industrial and…

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

2019 African Investment Forum builds on 2018 successes, attracts growing international interest

A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries…

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

2019 Africa Investment Forum Kicks Off Delivering on the Promise to Redefine and Unpack the Continent’s Investment Opportunities

The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action

$500 million equity closed for the Africa Infrastructure Investment Fund to speed up investments in agriculture; Financial close for the Africa Guarantee Fund $175 Equity transaction to support Small and Medium Size Enterprises, and $350 million for South Africa’s beef agro-processing project. The 2019 Africa Investment Forum opened on Monday…

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

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

The initiative was formalized on 18 October, on the sidelines of the World Bank Group/International Monetary Fund (IMF) Annual Meetings in Washington DC

Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and…

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

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

The message was well received by Adesina, who warmly welcomed the presence of President Ouattara, members of his Government, and shareholders

The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank (AfDB.org) to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the…

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

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

The Board of Governors of the Bank represents the 80 members, including 54 countries of the African continent, and 26 across the Americas, Europe, the Middle East, and Asia

Who: Board of Governors of the African Development Bank Group What: 5th extraordinary meeting of the Board of Governors Where: Abidjan, Hotel Ivoire, Côte d’Ivoire When: 31 October 2019 The Board of Governors of the African Development Bank (AfDB.org) will hold its fifth extraordinary meeting on Thursday, 31 October 2019, at…

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

Angola: African Development Bank Approves $165 Million for Economic Diversification

The Angolan government is implementing reforms to diversify its oil-dependent economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to restore the country’s macroeconomic stability. The Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures…