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

We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa

The Summit concluded with a joint Call to Action

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa. Attended…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness Small and Medium Enterprises (SMEs) in Ghana and seven other African countries

The Agriculture Fast Track Fund (AFT) is managed by the Agriculture and Agro-Industry Department of the African Development Bank

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue: African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…

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

African Development Bank Business Opportunity Seminar - Investing in partnerships for Africa’s transformation

Ethical business model key to successful project delivery by the African Development Bank - participants

The African Development Bank (www.AfDB.org) held a Business Opportunity Seminar (BOS) focused on strengthening and fostering the engagement of the business sector and of other stakeholders to effectively support investment in infrastructure and human development projects. Seeking strategic alliances and potential business opportunities with the Bank, the participants, private-sector representatives, civil…

African Development Bank Group (AfDB)
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…

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

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality.…

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

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

This intervention will promote local currency infrastructure financing, and further development of the domestic capital market

The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing…

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

Women Entrepreneurs Finance Initiative to Hold First-Ever Regional Summit in Cote d’Ivoire

On Wednesday, April 17, 2019, the Government of the Republic of Côte d’Ivoire will host the first Women Entrepreneurs Finance Initiative (We-Fi) West Africa Regional Summit

WHO: His Excellency Alassane Ouattara, President of the Republic of Côte d’Ivoire Ivanka Trump, Advisor to the President, United States Akinwumi A. Adesina, President of the African Development Bank Bandar M. H. Hajjar, President of the Islamic Development Bank Kristalina Georgieva, CEO of the World Bank U.S. Senator Lindsay Graham…

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

African Development Bank Board approves $4.8 million grant to accelerate African free trade

The grant will also assist efforts towards full ratification of the agreement by all AU member states

On 1 April 2019, the Board of the African Development Bank (www.AfDB.org) approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into…

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

Rwanda: The African Development Bank commemorates Kwibuka25

The event will be held at the Babacar Ndiaye Auditorium in the African Development Bank Headquarters on April 11thfrom 12:00 – 1:30pm GMT

Who: Rwandan Embassy in Côte d’Ivoire, Rwandan Community in Côte d’Ivoire and the African Development Bank (www.AfDB.org) What: Commemoration of the 25thAnniversary of the Genocide against the Tutsis in Rwanda When: Thursday, April 11, 2019, 12:00 – 1:30 PM Where: Babacar Ndiaye Auditorium, African Development Bank Headquarters, Avenue Joseph Anoma, 01 BP 1387 Abidjan…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness small and medium-sized enterprises (SMEs) in Ghana and seven other African countries

The Fund finances the project development cost of a broad range of agriculture infrastructure

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue:  African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…