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

Put small-scale traders at the heart of efforts to accelerate trade and investment in Africa post COVID-19

The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank

Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives. The joint webinar, organized on Tuesday by  the African Development…

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

Africans “know and understand what development ought to look like,” says President Uhuru Kenyatta

Kenyatta noted that on a continent of around 1.3 billion Africans with a median age of around 20 years, there is a very tangible underlying sense of urgency when it comes to expectations of government

President of Kenya Uhuru Kenyatta urged African governments to put their citizens at the centre of delivering service during Africa Delivery Exchange 2020, a virtual event that opened Tuesday. In remarks to open the two-day workshop, Kenyatta noted that on a continent of around 1.3 billion Africans with a median…

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

Remarks by Dr. Akinwumi A. Adesina, President, African Development Bank, at the African Delivery Unit Exchange Conference, November 24, 2020

The Delivery Unit Exchange will offer excellent opportunities to share best practices and partnerships to improve the delivery of quality projects for transforming Africa

Your Excellencies, President Uhuru Kenyatta of Kenya, former Prime Minister of the United Kingdom, Rt. Hon. Tony Blair, Honorable Ministers, Ambassadors, Lord Mayors, the Board of Directors, Senior Management and Staff of the African Development Bank Group (www.AfDB.org), Distinguished guests, ladies and gentlemen. Welcome to the Delivery Unit Exchange Conference,…

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

Africa Industrialisation Day: African Development Bank calls for Faster Industrialisation of African Economies

The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies

At the forefront of promoting smart industrial policies and mobilising infrastructure development funding for Africa, the African Development Bank (https://www.AfDB.org/) on Africa Industrialization Day 2020, urges the continent to accelerate industrialization for the transformation of African economies. The African Development Bank counts Industrializing Africa as one of its High-5 key…

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

African Development Bank’s investments are transforming the continent, unlocking economic potential, and spurring development - 2020 Annual Development Effectiveness Review (ADER) report

20.3 million people are benefiting from improvements in agriculture (47% women); 3,919 km of feeder roads rehabilitated or built

From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (https://www.AfDB.org/) are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness Review (ADER) (https://bit.ly/3pLL75t), released on Friday. The report, which analysed the Bank’s contribution to Africa’s…

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

Sudan: $28.233 million in African Development Fund Grants to bolster response to COVID-19

The grants are being provided under the African Development Bank’s COVID-19 Response Facility

The Board of the African Development Fund on Wednesday approved grants worth $28.233 million to Sudan to shore up the country’s health system to effectively respond and contain the COVID-19 pandemic, mitigate its social and economic impacts and build resilience to future pandemics, including climate-induced outbreaks.  The funding will take…

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

COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair

The former UK prime minister addressed a virtual audience on the topic Building Back Better in Post COVID-19 Africa: The Role of Technology and Governance, as part of the Kofi A. Annan Lecture Series

We have the same problems but what we also have is vastly increased urgency – Blair; Agriculture offers Africa its best opportunity for industrialization…the key is how does Africa raise productivity, develop the integrated technology in rural areas? - Adesina The COVID-19 pandemic has exposed the challenges and opportunities of…

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

African Development Bank, partners, agree to strengthen commitment to gender equality

Bank Director for Women, Gender and Civil Society at Finance in Common summit online panel highlighted the Bank’s commitment to achieving gender equality

Under the theme "Development Banks as Actors for Change towards Gender Equality," the African Development Bank’s (https://www.AfDB.org/) Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level representatives from global financial institutions, the Green Climate Fund (GCF) and UN Women in signing a joint declaration on gender equality (https://bit.ly/35sX2wO)…

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

Join hands for a strong global recovery from COVID-19, urges African Development Bank President

Adesina highlighted a number of disparities that the pandemic has laid bare in Africa

The global recovery from the COVID-19 pandemic will depend on the world coming together in a collective endeavour backed by science, finance and political resolve, African Development Bank (https://www.AfDB.org/) president Akinwumi Adesina, told the Victoria Forum 2020, a virtual event addressing the long-term socio-economic impacts of COVID-19. “How we come…

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

Finance In Common summit rallies 450 development banks to ramp up, deepen collective efforts to address fragility beyond COVID-19

“Nothing can dampen our collective resolve to provide better opportunities for all” - African Development Bank President Akinwumi Adesina

The first global summit of public development banks on Thursday showcased a collective resolve to accelerate efforts to achieve the UN’s sustainable development goals (SDGs), including addressing fragility. The Finance In Common summit, which forms part of the 2020 Paris Peace Forum, has rallied together some 450 public development banks…