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    • $4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina
    • Africa is the worst affected region by climate change in the world, yet it receives the least in terms of climate financing. (Picture: floods in Nairobi, 24 April 2024. Credit: AFP)
    • 34 heads of state and government committed to implement country-led food and agricultural delivery compacts to achieve food security by 2030 at the Feed Africa Summit (Dakar 2) held in January 2023
    • The current annual investment of $4.5 billion in health infrastructure is significantly insufficient when measured against the actual need of $25 billion, said Dr. Adesina
    • “Islamic finance principles of shared prosperity, risk-sharing, and ethical investment present a clear path toward bridging the SDGs financing gap,” said Islamic Development Bank President Dr Mohammed Al Jasser
    • From left to right: African Development Bank Group President Dr. Akinwumi Adesina, Saudi Arabia’s Governor to the African Development Bank Dr Ryadh M. Alkhareif and Saudi Exim Bank CEO Engineer Saad Al-Khalb
    • From left to right: Dr. Akinwumi Adesina and Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad
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Source: African Development Bank Group (AfDB) |

$4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina

Adesina also spotlighted the African Development Bank’s strategic High 5 program as a cornerstone for progress, as underscored by an independent analysis by the United Nations Development Program

Adesina delivers keynote address as Islamic Development Bank marks its 50th anniversary; Climate and health initiatives are of paramount importance.  African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s…

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    • Water for the future: Tangiers takes steps to secure its blue gold (1)
    • Water for the future: Tangiers takes steps to secure its blue gold (2)
    • Water for the future: Tangiers takes steps to secure its blue gold (3)
    • Water for the future: Tangiers takes steps to secure its blue gold (4)
    • Water for the future: Tangiers takes steps to secure its blue gold (5)
    • Water for the future: Tangiers takes steps to secure its blue gold (6)
    • Water for the future: Tangiers takes steps to secure its blue gold (7)
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Source: African Development Bank Group (AfDB) |

Water for the future: Tangiers takes steps to secure its blue gold

Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a cosmopolitan place and gateway to the great continent of Africa

The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, crossing paths with the crowd heading to offices and a few morning tourists. Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives

This is in line with Rwanda’s National Strategy for Transformation (NST-1) for 2017-2024 and Vision 2050

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project…

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    • The Bank played a key role in linking Cameroon and Nigeria through the Bamenda-Enugu road construction project
    • The building of the Cross River bridge, opened in October 2022
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, meets with Joseph Dion Ngute, Prime Minister of Cameroon
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, met Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development
    • Louis-Paul Motaze, Finance Minister
    • Meeting with Cameroon's principal technical and financial partners
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank, a leading infrastructure partner

“The Bank's operations have changed the face of the region” – Cameroonian minister

In an era of transformative development, the African Development Bank Group (www.AfDB.org) stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure. The Bank spearheaded crucial projects such as the Ketta-Djoum Road,…

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    • Attendees at the launch ceremony of the three-year project to combat money laundering and terrorism financing, Senegal April 2024
    • (l-r) : AfDB Country manager for Senegal Mohamed CHERIF,  Edwin W. HARRIS Jr, Director General of GIABA. David N BORBOR, Director of the Financial Intelligence Unit of Sierra Leone and GIABA national correspondent. Tafsir HANE, representing Senegal’s Financial Intelligence Unit’s President, attend launch ceremony Dakar, April 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) combat money laundering and terrorism financing in Africa through new project

The project will be financed through a grant from the Transition Support Facility of the African Development Bank to the tune of 3.5 million UA

The African Development Bank (www.AfDB.org) and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries.  The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism…

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    • Former interns praised the Bank’s programme, which has opened up employment opportunities for them
    • Serge N’Guessan, Director General of the Bank Group for Central Africa and head of the Bank’s Country Office in Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration and Business Delivery, at a meeting with female entrepreneurs and young interns in Cameroon
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Source: African Development Bank Group (AfDB) |

African Development Bank projects improve job opportunities for young people in Cameroon

The meeting saw significant participation from female entrepreneurs and young graduates who have benefited from work placements in projects financed by the Bank

The African Development Bank (AfDB) (www.AfDB.org) has underscored the success of its program aimed at bolstering job opportunities for young people in Cameroon. At a meeting convened in Yaoundé on April 9, 2024, chaired by Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration, and Business Delivery, stakeholders across…

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    • The newly inaugurated ultra-modern Central Regional office complex of the Bank Group
    • Inauguration of the regional office of the African Development Bank Group in Yaoundé, symbolizing a new chapter in regional development
    • African Development Bank Group Vice President in charge of Regional Development, Regional Integration and Service Delivery, Marie-Laure Akin-Olugbade; the General Manager of the Bank's regional office for Central Africa, Serge N'Guessan; Cameroon's Prime Minister Joseph Dion Ngute; and the Minister of Economy, Planning, and Territorial Administration, Alassane Alamine Mey, at the ribbon-cutting ceremony of the Bank Group's new Central Africa office in Yaoundé
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank bolsters Central Africa presence with inauguration of new regional office in Yaoundé

Situated in the Golf district, the six-storey regional office building is equipped with 130 workstations, several meeting rooms, and a clinic

In a move that reaffirms its commitment to Central Africa’s development course, the African Development Bank (AfDB) (www.AfDB.org) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon. Joseph Dion Ngute, Prime Minister of Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group's Vice-President for the Regional Development, Integration and Business Delivery…

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    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

Source: African Development Bank Group (AfDB) |

African Development Bank and Central African Republic forge stronger alliance to tackle fragility and drive sustainable development

Despite fragility stemming from political and security factors, the Bank has remained resolute in supporting the country’s sustainable development objectives

The African Development Bank (www.AfDB.org) and the Central African Republic (CAR) have reinforced their partnership during an official visit by Marie Laure Akin-Olugbade, Vice President for Regional Development and Business Delivery, from 25-27 March. Akin-Olugbade engaged with key stakeholders and government leaders, including President Faustin-Archange Touadera and Prime Minister Felix…

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

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) grant for green jobs in natural resources

The target reach group includes women, youth and people with disabilities/special needs, engaged in managing natural resource sectors such as agroforestry, fisheries and biodiversity

The African Development Bank (www.AfDB.org), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) (https://apo-opa.co/3J81Cnx), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities. The Strengthening Women, Youth and People with Disabilities’ Micro-Entrepreneurship for Green Jobs (https://apo-opa.co/3U9MFqb) in…