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    • From left: Luísa Diogo, former Prime Minister of Mozambique, Dr. Akinwumi A. Adesina, President of the African Development Bank Group, Jamie Cooper, Founder and President of Big Win Philanthropy and Co-Chair of AMALI, Dr. Nkosazana Dlamini-Zuma, Minister of Cooperative Governance and Traditional Affairs of South Africa, Alan Winde, Premier of the Western Cape. Image source: African Mayoral Leadership Initiative (AMALI)
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Source: African Development Bank Group (AfDB) |

“Let Us Act to Transform Africa’s cities”—African Development Bank President to African Mayors

African Development Bank Group President, Dr Akinwumi A. Adesina, assures mayors at the African Mayoral Leadership Initiative (AMALI) of the Bank’s support to creatively and sustainably transform their cities

By 2050, the number of people living in African cities is expected to double from about 600 million to 1.2 billion, representing the most rapid rate of urbanisation in the world. This poses significant development challenges, which will require innovative, African-led solutions. In rousing remarks to the mayors of 15…

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    • Meeting between AfDB delegation and Swiss ambassadors in the West Africa region, Friday 23 January 2023, Abidjan, Cote d'Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank Group team meet Swiss envoys from West Africa to discuss Africa’s development agenda

The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January

Swiss ambassadors meeting in the Ivorian commercial capital Abidjan invited a senior management team from the African Development Bank Group (www.AfDB.org) to exchange views on development and cooperation. The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January.…

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    • L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d'Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa's Macroeconomic Performance and Outlook
    • Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report
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Source: African Development Bank Group (AfDB) |

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report

African Development Bank’s new report calls for bold policy actions to help African economies mitigate compounding risks

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s…

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    • For 20222-2027, the African Development Bank's main objective is to support Mauritius' ambitions to become a high-income country by 2030
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

The Bank aims to promote private sector development to foster and build a more productive, sustainable, inclusive and resilient Mauritian economy

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the…

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    • Partners launching the report. From left are Ms. Ahunna Eziakonwa, the UNDP Assistant Administrator and Director of Regional Bureau for Africa, Dr. Hanan Morsy, Deputy Executive Secretary of ECA, Ms. Amanda Serumaga, UNDP Resident Representative for Mauritius and Seychelles, and Prof. Kevin Urama, the Acting Chief Economist and Vice-President of AfDB.
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Source: African Development Bank Group (AfDB) |

New Report Shows Need for Greater Action if Africa is to Hit Sustainable Development Goals (SDG), Agenda 2063 Targets

Building Back Better from the Coronavirus Disease, While Advancing the Full Implementation of the 2030 Agenda for Sustainable Development evaluates Africa’s progress towards the SDGs

The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in…

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    • Representatives of the African Securities Exchanges Association, the African Development Bank and other partners at the launch of the African Exchanges Linkage Project Link Trading Platform in Abidjan.
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Securities Exchange Association Launch African Exchanges Linkage Project (AELP) E-Platform Linking Seven African Capital Markets With $1.5 Trillion Market Capitalization

The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing

The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization. The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book…

Source: African Development Bank Group (AfDB) |

Botswana: African Development Bank Group commits $180 million to bolster post-Covid-19 economic recovery

The program will directly benefit several government ministries, departments and agencies

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery. The funds for phase II of the program will build on the successes of the first phase by supporting policy measures designed to…

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    • Government representatives and experts from the Bank and the Mano River Union, joined by women traders to launch the BI-BEST project
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Source: African Development Bank Group (AfDB) |

Mano River Union launches scheme to build inclusive business ecosystems (By Charleine MBUYI LUSAMBA & Hoda Tarek)

Sierra Leone’s Minister of Gender and Children's Affairs, Manty Tarawalli, commended the African Development Bank for what she said was a “well-thought” initiative to support women’s economic empowerment

By Charleine MBUYI LUSAMBA, Task Manager & Hoda Tarek, Gender and Development Expert On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown,…

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Crucial replenishment meeting for the African Development Fund as it marks 50 years of supporting the continent’s low-income countries

The meeting comes amid a tough global climate which has slowed down Africa’s economic growth prospects

Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025. The meeting will be attended by representatives from the Fund’s donor countries…

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    • Bank president Akinwumi Adesina opens a two-day event in Abidjan on tapping the skills and wealth of the African Diaspora
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Diaspora’s remittances, investment and expertise vital for Africa’s future growth, say participants at African Development Bank Forum

The African Development Bank hosted it in partnership with the African Union Commission, the International Organisation for Migration, and the African Continental Free Trade Area secretariat

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank (www.AfDB.org) Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora to its growth and development. The hybrid event took place against the difficult geopolitical backdrop of high…