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

Dig deep to aim high: how to use mining to unlock Mauritania’s potential (By Malinne Blomberg)

The Bank’s financial support goes hand in hand with a strong commitment to the country's compliance with environmental and social standards

By Malinne Blomberg These are exciting times in Mauritania. This nation connecting West and  North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected. Here…

African Development Bank Group (AfDB)

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    • AfDB Vice President Marie-Laure Akin-Olugbade (right) meets with Angolan Minister for Agriculture and Forestry, Dr António Francisco de Assis ( centre) and AfDB Country Manager for Angola Pietro Toigo during an official visit. Angola, June 2024
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Vice President Akin-Olugbade on mission to boost development impact

The parties discussed the cooperation between Angola and the Bank and its priorities, which focus on accelerating economic diversification and job creation

African Development Bank (www.AfDB.org) Vice-President for Regional delivery, Integration and Business Delivery, Marie-Laure Akin-Olugbade has completed a mission to Angola in which she held several strategic, high-level dialogue sessions with authorities of the country. The talks provided the foundation for the implementation of the Bank’s new 2024-2029 Country Strategy Paper.…

African Development Bank Group (AfDB)

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    • As night falls, street-lighting helps Fatima Hounkanrin keep her shop open, in Sèmè-Kpodji.
    • Bertrand Éric Lokossou is delighted to have an electricity meter at home.
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Source: African Development Bank Group (AfDB) |

“Light drives development!”: Electricity supply to Sèmè-Kpodji in Benin means Fatima Hounkanrin can keep her shop open till late at night

A second goal is to improve the quality of electricity supply and reduce energy wastage – estimated at 23 percent in 2015 – in the Electricity Corporation of Benin’s sub-transmission networks

Night has fallen on Sèmè-Kpodji, a lively town on the shores of the Atlantic Ocean, in south-east Benin. Many of the city’s residents are still busy working, including Fatima Hounkanrin, 30, who runs a small shop selling tomatoes, pepper, soap, drinks and other household goods. Thanks to new street-lighting in…

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    • Dr Akinwumi Adesina, African Development Bank President
    • 2024 Annual Meetings: Africa’s Voice Needs to be Heard, Says African Development Bank President
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Source: African Development Bank Group (AfDB) |

2024 Annual Meetings: Africa’s Voice Needs to be Heard, Says African Development Bank President

Adesina told more than 150 journalists covering the Bank’s Annual Meetings in Nairobi that the Global South is becoming much more important and that as a result the global financial architecture needs to change

African Development Bank President Dr Akinwumi Adesina (www.AfDB.org) says the world is changing and Africa needs to be at the table. Adesina told more than 150 journalists covering the Bank’s Annual Meetings in Nairobi that the Global South is becoming much more important and that as a result the global financial…

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    • Senior Director Chinelo Anohu (second left) with Aly-Khan Jamal, Partner at the Boston Consulting Group (left), Cygnum Capital Executive Director Chris Kandie and SEFA head Joao Duarte Cunha (right) during a roundtable on making African infrastructure projects more bankable
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Bankability Series showcases Innovative Approaches to Attract Global Capital to Africa

The Africa Investment Forum’s annual Market Days event brings together transaction sponsors, investors and governments in Board Rooms to move deals toward bankability

The Africa Investment Forum has launched a series of investment roundtables to overcome Africa's project bankability challenges and, ultimately, bridge its infrastructure investment gap. The Roundtables will showcase key players currently focused on project development and bankability in Africa. Held on the sidelines of the African Development Bank's 2024 Annual…

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    • Desert to power will harness the Sahel's energy potential to provide 250 million people living in the Sahel with clean, abundant and affordable energy
    • The Desert to Power project will produce up to 10 GW of solar energy to supply 250 million people in 11 Sahel countries with photovoltaic power
    • The president of the African Development Bank, Dr. Akinwumi Adesina, who is spearheading the initiative, considers Desert to Power to be the "baobab" of the Bank's projects because of its scale, its scope, the number of people who will benefit and its importance for the economy and people's lives
    • Desert to power will provide on-grid and off-grid electricity to the people of the Sahel
    • A woman working in a dairy factory in Mali. The private sector will benefit greatly from the spin-offs of the Desert to power initiative
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Source: African Development Bank Group (AfDB) |

The African Development Bank's Desert to Power Initiative

The Desert to Power initiative aims to bring energy to one of the least developed and most marginal parts of the continent

Desert-to-Power involves 11 countries across Sahelian belt; 250 million people set to benefit with 10 gigawatts of solar by 2030. The African Development Bank is the driving force behind one of the world's most ambitious energy projects: the Desert to Power initiative aims to bring energy to one of the least…

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    • (L-R) Dr. Fatih Birol, Executive Director, International Energy Agency; Sierra Leone President Julius Maada Bio; United Republic of Tanzania President Dr. Samia Suluhu Hassan; Togolese Republic President Faure Gnassingbé; Norway Prime Minister Jonas Gahr Støre; Executive Vice President of European Green Deal, Interinstitutional Relations and Foresight Maroš Šefčovič; African Development Bank Group President Dr. Akinwumi A. Adesina
    • French President Emmanuel Macron gathered heads of state and international organizations at the Elysee to discuss the outcomes of the Summit on Clean Cooking in Africa
    • In a vibrant speech, Akinwumi Adesina, President of the African Development Bank Group, said it was time to end the spectacle of African women and girls hunched over carrying heavy loads, walking for miles every day, often in unsafe conditions, simply to be able to cook the family's daily meals
    • “To secure resources for clean cooking, this summit must call for an upcoming generous replenishment of the African Development Fund, which includes $12 billion for clean cooking,” urged Samia Suluhu Hassan, President of Tanzania
    • Norwegian Prime Minister Jonas Gahr Støre pledges $50 million for clean cooking in Africa
    • “This summit provided a firm commitment on an issue that has been ignored by too many people for too long,” said Fatih Birol, executive director of the International Energy Agency
    • Dan Jannik Jørgensen, Danish Minister for Development Cooperation and Global Climate Policy, welcomed the African Development Bank's initiative to create a dedicated clean cooking sub-programme under the Sustainable Energy Fund in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank commits $2 billion as it leads the way at landmark summit for access to clean cooking in Africa

The Bank’s pledge of $200 million per year represents an important contribution to the $4 billion per year needed to allow African families to have access to clean cooking by 2030

President Macron praises the African Development Bank (www.AfDB.org) for its catalytical role; Access to clean cooking is about more than cooking, it is about dignity, says Adesina; Tanzania’s President Suluhu calls for generous replenishment of African Development Fund to guarantee resources for clean cooking for Africa’s low-income countries. The African…

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    • Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women
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Source: African Development Bank Group (AfDB) |

Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women

The $4 billion needed annually is a small fraction of the $2.8 trillion invested globally in energy each year

Summit expected to build on ground-breaking clean cooking initiatives launched at COP28; African Development Bank’s Adesina (www.AfDB.org), Tanzanian President Hassan, Norway Prime Minister Jonas Gahr Støre and International Energy Agency Executive Director Fatih Birol to co-chair event. Development partners gathering in Paris on 14 May are expected to pledge towards the…

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    • $4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina
    • Africa is the worst affected region by climate change in the world, yet it receives the least in terms of climate financing. (Picture: floods in Nairobi, 24 April 2024. Credit: AFP)
    • 34 heads of state and government committed to implement country-led food and agricultural delivery compacts to achieve food security by 2030 at the Feed Africa Summit (Dakar 2) held in January 2023
    • The current annual investment of $4.5 billion in health infrastructure is significantly insufficient when measured against the actual need of $25 billion, said Dr. Adesina
    • “Islamic finance principles of shared prosperity, risk-sharing, and ethical investment present a clear path toward bridging the SDGs financing gap,” said Islamic Development Bank President Dr Mohammed Al Jasser
    • From left to right: African Development Bank Group President Dr. Akinwumi Adesina, Saudi Arabia’s Governor to the African Development Bank Dr Ryadh M. Alkhareif and Saudi Exim Bank CEO Engineer Saad Al-Khalb
    • From left to right: Dr. Akinwumi Adesina and Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad
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Source: African Development Bank Group (AfDB) |

$4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina

Adesina also spotlighted the African Development Bank’s strategic High 5 program as a cornerstone for progress, as underscored by an independent analysis by the United Nations Development Program

Adesina delivers keynote address as Islamic Development Bank marks its 50th anniversary; Climate and health initiatives are of paramount importance.  African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s…

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    • Singrobo-Ahouaty hydropower plant. Photo courtesy Neo Themis
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Source: African Development Bank Group (AfDB) |

African Development Bank funded energy projects in Egypt and Cote D’Ivoire win top infrastructure and energy accolades at the IJ Global Awards

The Singrobo hydropower was the first hydropower IPP, and private sector-funded climate action investment to reach financial close in West Africa in December 2022

Two African Development Bank (www.AfDB.org)-supported projects have won awards at the IJ global awards held in London, United Kingdom. The Singrobo hydropower plant in Ivory Coast, in which the Bank played the Mandated Lead Arranger role won the Power Deal of the Year award, while the Kom Ombo Solar plant,…