Source: African Development Bank Group (AfDB) |

“Join Africa50 to lay the foundations for a more prosperous Africa,” African Development Bank urges

Africa50 is an innovative fund for developing and financing African infrastructure

African governments must explore innovative technologies to drive transformation on the continent, board members at Africa50’s General Shareholders Meeting, held in Kigali heard on Wednesday. Prime Minister of Rwanda Edouard Ngirente made the call at the opening of the shareholders meeting. “Let’s explore these digital opportunities to move our continent…

Source: African Development Bank Group (AfDB) |

African leaders share their vision for an integrated continent

The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings

Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s (www.AfDB.org) 2019 Annual Meetings. The panelists – President Teodoro Obiang Nguema…

Source: African Development Bank Group (AfDB) |

“To integrate Africa, bring down the walls,” Adesina urges at 2019 African Development Bank Annual Meetings Open in Malabo

Adesina urged African governments to work toward the elimination of non-tariff barriers

African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, with the theme: “Regional Integration for Africa’s Economic Prosperity.” “Apart…

Source: African Development Bank Group (AfDB) |

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

Source: African Development Bank Group (AfDB) |

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives

The Board of the African Development Bank (www.AfDB.org) has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from…

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…

Source: African Development Bank Group (AfDB) |

Agri-tech can turn African Savannah into global food basket – African Development Bank

The African Development Bank has determined that the African Savannah can support the production of maize, soybean, and livestock, and transform the continent into a net exporter of these commodities

The African Development Bank (www.AfDB.org) is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution. “This sleeping giant needs to wake up,” the Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, told an audience…

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

Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million

The program is further resourced by co-financing from the Bank, the European Union, the Global Environmental Facility, the Forestry Investment Programme of the Climate Investment Funds

The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank (www.AfDB.org) totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired…

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

African Development Bank seeks partnerships to lift 1 billion people out of hunger globally

“We must not get carried away: we are not winning the war against global hunger”

The African Development Bank (www.AfDB.org) called on global partners to join hands to lift one billion people worldwide out of hunger and said it was leading the way by investing US$24 billion in African agriculture over the next 10 years in the largest such effort ever. “We are not winning…

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

Integrity in Development Projects: African Development Bank Debars GEO SCIENCES for 48 Months for Fraudulent Practices

The Office of Integrity and Anti-Corruption of the African Development Bank found the company to have engaged in numerous fraudulent practices

The African Development Bank Group (www.AfDB.org) on 20 September 2018, announces the debarment of GEO SCIENCES INTERNATIONAL SARL, a consulting firm based in Yaoundé, Cameroon, for a minimum period of 48 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that GEO SCIENCES engaged in numerous…