Source: African Development Bank Group (AfDB) |

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

The Bank’s support to the energy sector has more than doubled over the past three years to the current level of 410.66 million euros

The African Development Bank (AfDB.org), Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of the NELSAP Regional Interconnection Project involving…

Source: African Development Bank Group (AfDB) |

African Economic Conference 2019 – Participants Converge on Sharm El Sheikh to Debate Jobs, Skills and Capacity Development for Africa’s Youth

The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives from Africa and around the globe

More than 350 stakeholders are converging on Sharm El Sheikh, Egypt, to participate in the 2019 African Economic Conference (AEC), with this year’s focus on jobs, skills and capacity development for Africa’s youth. The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives…

Source: African Development Bank Group (AfDB) |

2019 conference on land policy in Africa: why it matters for the continent, by Cosmas Milton Ochieng

The theme of this year’s Conference on Land Policy in Africa is “Winning the fight against corruption in the land sector in Africa

Cosmas Milton Ochieng, an expert in natural resource governance and economic development in Africa, is the Director of the African Natural Resource Centre at the African Development Bank (https://www.AfDB.org). In collaboration with the African Union Commission and the United Nations Economic Commission for Africa, the African Development Bank will host…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand

The Africa Investment Forum (AIF) brings together project sponsors and investors, borrowers, lenders, policy makers and public and private sector investors

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found…

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…

Source: African Development Bank Group (AfDB) |

World Food Prize and World Hunger Fighters Foundation Launch Fellowship for Young African Agribusiness Innovators

The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans

The World Food Prize Foundation and the newly launched World Hunger Fighters Foundation are partnering to provide year-long fellowships for young African food innovators and entrepreneurs.  The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans to develop new technologies, champion public policy, and develop viable businesses…

Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA) 2019: Hands off our girls! African first ladies take campaign against rape, early child marriage, to UN General Assembly

The High-Level meeting follows a First Ladies Meeting on Combatting Child Marriage and Promoting Education of Girls in West Africa

Africa’s first ladies, led by Sierra Leone Fatima Maada Bio brought their campaign to ban early child marriage and sexual violence against women and girls before a global stage in a passionate appeal for the world to support their “Hands Off Our Girls! Campaign. In a no-holds barred conversation organized…

Source: African Development Bank Group (AfDB) |

UN General Assembly 2019: Scaling Up Nutrition Lead Group meets to chart way forward

The meeting of the group’s leaders took place at the UNICEF headquarters in New York on the sidelines of the UN General Assembly

“Energy, passion and a lot of young people who care about nutrition” will underpin the Scaling Up Nutrition (SUN) Movement’s newest phase, alongside stronger private sector engagement, members of the Lead Group heard on Tuesday. The meeting of the group’s leaders took place at the UNICEF headquarters in New York…

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

UN, African Development Bank High-Level Meeting calls for Speed and Action on Sustainable Development Goals (SDGs)

The leaders called for additional resources to drive the urgent task of Africa's development

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective…

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…