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

African Development Bank: Professor Anthony Nyong, Director for Climate Change and Green Growth, named among world’s “100 Most Influential People in Climate Policy”

Nyong chosen by London-based peer-to-peer learning platform Apolitical for his impact on influencing climate policy on the continent

The African Development Bank (www.AfDB.org) is pleased to announce  the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘100 Most Influential People in Climate Policy 2019’ by Apolitical, a peer-to-peer learning platform for governments. Nyong, a pioneering and globally recognized climate change…

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

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance

Bank to launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy baseload; “Desert to Power” initiative enters implementation stage with Yeleen Project in Burkina Faso. The African Development Bank (www.AfDB.org) will double its climate finance commitments for the period 2020-2025, the Bank’s President announced…

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

African Legal Support Facility trains African lawyers on negotiating deals in key economic sectors

The workshop, co-organized with the African Business Law Firms Association (ABFLA) under the African Legal Support Facility Academy, was held in Accra, Ghana, from 14-15 February, 2019

The African Legal Support Facility (www.AfLSF.org) has completed a two-day workshop for African lawyers and government negotiators, aimed at strengthening their capacity to negotiate complex deals involving investments in key economic sectors. The workshop, co-organized with the African Business Law Firms Association (ABFLA) under  the African Legal Support Facility Academy,…

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

Corruption does not invest in the future, it kills the future” – Akinwumi Adesina, at World Peace Summit of Global leaders

The Africa Continental Free Trade Area is projected to make Africa the largest free trade zone in the world

“We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it kills the future,” Akinwumi Adesina, President of the African Development Bank (www.AfDB.org) said at the World Peace Summit of Global Leaders. According to the World…

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

Curtain falls on Conference of the Parties (COP24) in Poland: African Development Bank more resolute than ever to fight against climate change in Africa

During the two weeks of the conference, the African Development Bank assumed its role as primary champion of African interests and a steadfast supporter of African negotiators

The curtain has fallen on COP24 (www.COP24afdb.org), this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement on specific parts of the 'rulebook' to be applied  from 2020 by the 197 signatories of the Paris Agreement (https://bit.ly/2S8gLZH), to limit global warming to…

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

Empower women to help save Africa from climate change

Africa must unlock the power of its women and girls if it is to adapt to climate change, cope with disasters and build its green energy sector

That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week. Research shows that when women are involved in decision making, agreements on the environment are more likely to be ratified and projects around natural resources, such…

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

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

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

Africa Investment Forum 2018: African Development Bank achieves significant progress with energy projects across Africa

Noteworthy gains were realized in the energy sector as various expressions and letters of interest were signed for projects in Ethiopia, Ghana, Angola and Cameroon

The just-concluded Africa Investment Forum (AfricaInvestmentForum.com) successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the Africa Energy Market Place (AEMP) (https://bit.ly/2PXQEa3) progressed with country-specific discussions that began at the inaugural AEMP in July 2018…

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

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg

 “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org, will consolidate, validate, and disseminate energy data and…

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

The Trade and Development Bank and USAID Sign Memorandum of Understanding to Power Africa

The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum

The Eastern and Southern African Trade and Development Bank (TDB) (www.TBDGroup.org) and USAID’s Power Africa initiative (https://www.USAID.gov/PowerAfrica) have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s (www.AfDB.org) inaugural Africa Investment Forum, where emphasis on…