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African Development Bank Group (AfDB)

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    • The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York
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Source: African Development Bank Group (AfDB) |

77th United Nations General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings

The African Development Bank (www.AfDB.org) had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group…

African Development Bank Group (AfDB)

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    • Young entrepreneurs who participated in a capacity building session received certificates
    • A woman entrepreneur receives her certificate after participating in an entrepreneurial capacity building session
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Source: African Development Bank Group (AfDB) |

Madagascar: Notice to Small and Medium-Sized Enterprises of second call for applications for the “Business Linkage Program"

By mid-October 2022, 150 small and medium-sized enterprises will be selected to participate

It has been three years since the African Development Bank (www.AfDB.org) launched a programme in Madagascar to support the growth of small and medium-sized enterprises in the country. Objectives: To enable them to achieve economies of scale and create better employment opportunities for women and young people in key sectors…

African Development Bank Group (AfDB)

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    • AfDB President's Visit to New York: Partnering for Action - Implementation of the Global Accelerator on Jobs and Social Protection for Just Transitions in the Complex Setting of Overlapping Crises
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (1)
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (2)
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Source: African Development Bank Group (AfDB) |

Create quality jobs and provide social protection, urges United Nations Secretary-General

“At the African Development Bank, we have taken a proactive job, jobs, jobs approach”—Dr. Adesina

UN Secretary-General António Guterres has urged governments across the world to quickly invest in quality job creation the and the provision of social protection for those without coverage. Guterres was speaking at a high-level session to discuss the Global Accelerator on Jobs and Social Protection for Just Transitions (https://bit.ly/3rfWGUk) initiative…

African Development Bank Group (AfDB)

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    • Pr.Kevin Chika Urama, African Development Bank's Acting Chief Economist and Vice President for the Economic Governance and Knowledge Management speaking at the panel "African countries ownership in determining climate agenda" on the sidelines of Egypt International Cooperation Forum (Egypt-ICF 2022)
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Source: African Development Bank Group (AfDB) |

Africa loses up to 15% of its Gross Domestic Product (GDP) per capita annually because of climate change –African Development Bank Acting Chief Economist Kevin Urama

Urama highlighted that since the 1850s, countries have managed to transition away from coal, and used gas as a transition to cleaner energy

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions [1], says African Development Bank Group (www.AfDB.org) Acting Chief Economist and Vice President…

African Development Bank Group (AfDB)

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    • Cabo Verde PM José Ulisses de Pina Correia e Silva with African Development Bank Group President Dr. Akinwumi Adesina at a July meeting in Abidjan
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Source: African Development Bank Group (AfDB) |

African Development Bank president to inaugurate Port of Maio during visit to Cabo Verde

The President will travel to Cabo Verde at the invitation of Prime Minister, Dr. José Ulisses Correia e Silva

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina will inaugurate the upgraded Port of Maio on Wednesday during a three-day visit to Cabo Verde. The President will travel to Cabo Verde at the invitation of Prime Minister, Dr. José Ulisses Correia e Silva. In 2018, the African Development Bank…

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

Statement delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group, at the Africa Climate Adaptation Summit, Rotterdam, Netherlands, September 5, 2022

Africa needs a lot of financing to tackle climate change

Your Excellencies, I wish to thank you all for honoring the invitation from former UN Secretary General, Ban Ki Moon, Chairman of the Global Center on Adaptation (GCA), Prof. Patrick Verkooijen, CEO of GCA, and myself, to this Africa Climate Adaptation Summit. I wish to thank Prime Minister Rutte for…

African Development Bank Group (AfDB)

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    • AfDB SVP Swazi Tshabalala with President Hakainde Hichilema of Zambia
    • AfDB SVP Swazi Tshabalala with Nicolas Kazad, Minister of Finance of DRC
    • AfDB SVP Swazi Tshabalala with President Lazarus Chakwera of Malawi of Malawi
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Source: African Development Bank Group (AfDB) |

African Development Bank Optimistic about Economic Prospects for Southern Africa Region

Tshabalala attended the 42nd Ordinary Summit of Heads of State and Government of the Southern African Development Community (SADC)

The Southern Africa region’s investment opportunities and prospects for economic growth are encouraging despite recent headwinds of a global pandemic and food crisis, the African Development Bank’s (www.AfDB.org) Senior Vice President Swazi Tshabalala has said. Tshabalala attended the 42nd Ordinary Summit of Heads of State and Government of the Southern…

African Development Bank Group (AfDB)

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    • In Benin, the Ouémé Valley is recording a surplus of agricultural food production (rice, maize), thanks to a project supported by the African Development Bank.
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Source: African Development Bank Group (AfDB) |

Residents of Benin’s Ouémé Valley Increase Their Incomes, Thanks to an African Development Fund Project

The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group's concessional arm, the African Development Fund

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project (https://bit.ly/3bnewkj) successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from…

African Development Bank Group (AfDB)

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    • From right to left, Joseph Ribeiro, Deputy Managing Director of the Bank for West Africa, Yéo Nahoua, Chief of Staff to the Ivorian Minister of Planning and Development, Siélé Silué, Special Advisor to the Prime Minister with responsibility for projects co-financed by technical and financial partners
    • Bank experts, Ivorian government representatives and other stakeholders came together for a workshop to discuss achievements of the Bank portfolio in 2022 and the plan for 2023-2027
    • Family photo of Bank experts, Ivorian government representatives, technical partners of Côte d'Ivoire, private sector and civil society representatives at the July 22 summing-up workshop for the four consultation days
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Source: African Development Bank Group (AfDB) |

African Development Bank and Côte d'Ivoire start Preliminary Discussions for 2023-2027 Strategy

The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d'Ivoire, and the completion report of the Bank's 2018-2022 Country Strategy Paper (CSP)

The African Development Bank (www.AfDB.org) and the government of Côte d'Ivoire initiated a preliminary dialogue in Abidjan on July 18-22, 2022, to lay the foundations for the Bank's strategy in Côte d'Ivoire over the next five years. Led by the Bank's Deputy Managing Director for West Africa, Joseph Ribeiro, the…

African Development Bank Group (AfDB)

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    • African Development Bank’s acting Chief Economist, Kevin Urama (second left) and other panelists at a seminar on the African Economic Outlook 2022, hosted by the Atlantic Council in Washington, DC. 27 July 2022.
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Source: African Development Bank Group (AfDB) |

Atlantic Council Panel on 2022 African Economic Outlook Pushes for ‘Africa agenda’ at COP 27

In a presentation on the report, Acting Chief Economist Urama called for policy coordination and a more holistic approach to tackling climate change

Africa deserves the highest priority attention at the United Nations climate conference, COP 27 to be held in November this year,  panel members discussing the African Development Bank’s  (www.AfDB.org) African Economic Outlook 2022 (https://bit.ly/2Z1dRwt)  in an event hosted by the Atlantic Council, said on Wednesday. A team from the  African…