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African Development Bank Group (AfDB)

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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Source: African Development Bank Group (AfDB) |

We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

African Development Bank Group (AfDB)

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    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana
    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

The physical sessions will take place at the Accra International Conference Centre

Ghana will host the African Development Bank Group’s 2022 Annual Meetings (AM.AfDB.org) from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online.…

African Development Bank Group (AfDB)

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    • Right: H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation; left: Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (1)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation, and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (1)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (2)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation (right), and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (2)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (3)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank delegation in Egypt to ensure success of COP27

COP 27 is scheduled for November 2022 in the coastal city of Sharm El Sheikh

African Development Bank (www.AfDB.org) Vice President Dr. Kevin Kariuki will lead a delegation to Egypt, the host country for this year’s United Nations Climate Change Conference 2022, for exploratory talks on how the Bank and Egypt can collaborate to make COP27 a truly breakthrough event for people and planet.  COP…

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

Southern Africa Set for Economic Rebound, but Impact of Covid-19 Lingers

Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the Bank’s Southern Africa Economic Outlook

Southern Africa is set for an economic rebound in 2021 and 2022, provided the Covid-19 pandemic tapers off, according to a report published by the African Development Bank (www.AfDB.org). Like elsewhere on the continent, the pandemic will be a deciding factor in the region’s economic fortunes. If all goes well,…

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

African Development Bank Group begins consultations for the new Country Strategy for Egypt

The Bank’s strategy aims to support Egypt’s development priorities with the overarching goal of reinforcing sustainable and inclusive growth dynamics

The African Development Bank Group (AfDB.org) and the Ministry of International Cooperation on Monday October, 4th launched consultations for the Bank’s new Country Strategy Paper for Egypt. As part of the consultations the Bank is ensuring its engagement with Egypt is fully aligned with national priorities and will consult with…

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

Egypt-International Cooperation Forum (ICF) high-level conference: African Development Bank joins calls for stronger development partnerships to spur Covid-19 recovery efforts

Participants also urged greater cooperation with the private sector in the short term to secure more rapid vaccine access for Africans

The African Development Bank (www.AfDB.org) Wednesday joined leaders of government and international organizations in calling for stronger partnerships to support Africa’s recovery from the Covid-19 pandemic at the first Egypt-International Cooperation Forum. Participants also urged greater cooperation with the private sector in the short term to secure more rapid vaccine…

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

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

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

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

African Development Bank Group (AfDB)

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    • Egypt: African Development Bank approves loan of €83 million for Egypt’s electricity sector to spur economic recovery from Covid-19
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Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank approves loan of €83 million for Egypt’s electricity sector to spur economic recovery from Covid-19

The program seeks to enhance the power sector’s financial sustainability, governance and operations

The Board of Directors of the African Development Bank (www.AfDB.org) have approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program. The funding is part of the Bank’s budget support to the Egyptian government to strengthen its electricity infrastructure, which is expected…

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

Egypt’s largest solar plant, Kom Ombo, receives US$ 114 million financing package

The package comprises loans of up to US$ 36 million from the EBRD, US$ 18 million from the OPEC Fund, US$ 17.8 million from the AfDB, US$ 23.8 million from the GCF and US$ 18 million from Arab Bank

The European Bank for Reconstruction and Development (EBRD) (www.EBRD.com), the OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org), the African Development Bank (AfDB) (www.AfDB.org), the Green Climate Fund (GCF) (www.GreenClimate.fund) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest…