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

Despite challenges, Africa's debt is still under control says African Development Bank

In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity

The African Development Bank (www.AfDB.org) remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to…

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

Dr. Akinwumi Adesina, President of the African Development Bank, to receive honorary degree from the University of Alberta

Dr. Adesina is a globally renowned leader who has dedicated his life to lifting millions of people out of poverty

Who: Dr. Akinwumi A. Adesina, President of the African Development Bank What: Honorary Degree in Science at the University of Alberta’s graduation ceremony When: Tuesday, 4 June 2019 at 3 p.m. Where: Northern Alberta Jubilee Auditorium, 11455 87 Ave NW, Edmonton, AB T6G 2T2,  Canada  The University of Alberta will confer an honorary doctorate of science degree…

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

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality.…

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

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance

Bank to launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy baseload; “Desert to Power” initiative enters implementation stage with Yeleen Project in Burkina Faso. The African Development Bank (www.AfDB.org) will double its climate finance commitments for the period 2020-2025, the Bank’s President announced…

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

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…

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

Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights

Investment interest secured for 45 deals worth US$32 billion

The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and…

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

African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders

Room2Run will create space for more lending in pursuit of development agenda

Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance…

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

African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators

The training will also address the needs and perspectives of women and men in policymaking and the United Nations Framework Convention on Climate Change processes, adopted on 9 May 1992

African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators:                         Date: 27 September, 2018                         Location: Le Ndiambour Hotel, Dakar, Senegal The African Development Bank (www.AfDB.org)  will conduct a seminar on gender mainstreaming in climate negotiations for the African Group of Negotiators (AGN) in…

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

African Development Bank President Adesina urges Canada to be present at Africa’s investment table

Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto

African Development Bank President (www.AfDB.org), Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto. Promoting the Bank’s upcoming Africa Investment…

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

African Development Bank, mariner investment group, and africa50 price landmark $1 billion impact securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…