Source: African Development Bank Group (AfDB) |

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank (https://www.AfDB.org) becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain

The African Development Bank’s (www.AfDB.org) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, SEFA, the Sustainable…

Source: African Development Bank Group (AfDB) |

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

The message was well received by Adesina, who warmly welcomed the presence of President Ouattara, members of his Government, and shareholders

The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank (AfDB.org) to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the…

Source: African Development Bank Group (AfDB) |

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) on 4 October 2019

The African Development Bank (www.AfDB.org) has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change. The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) (https://bit.ly/2NezjGi) on 4 October 2019. The…

African Development Bank Group (AfDB)
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    • L to R: Joohoon Kim, Chargé d’ Affaires of the Republic of Korea in Angola; Moono Mupotola, the Bank’s Director for Regional Development & Regional Integration; Joffre Van-Dúnem Júnior, Minister of Commerce; Sérgio dos Santos, Secretary of State for Economy; Joseph Ribeiro, the Bank’s Country Manager for Angola
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Source: African Development Bank Group (AfDB) |

African Development Bank Funds Angola Initiative to Improve Business Environment and Diversify Exports

With regional integration, countries such as Angola have the opportunity to buttress trade with its neighbours, hence realizing the structural transformation that is needed to step up to the global stage

The Angolan Government has launched a study funded by the Bank through the KOAFEC trust fund to support the improvement of export diversification and the business environment. The launch event was attended by the Bank’s director for regional development and regional integration, Moono Mupotola, the Bank’s country manager for Angola,…

Source: African Development Bank Group (AfDB) |

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

Green Banks and National Climate Change Funds can play an important role in mobilizing finance to support low-carbon, climate-resilient development

The African Development Bank (http://AfDB.org), in partnership with the Climate Investment Funds (CIF) (http://bit.ly/2B7HLBQ), has commissioned the Coalition for Green Capital (CGC) (http://bit.ly/2oG19mN) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct…

Source: African Development Bank Group (AfDB) |

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

The agreement was signed 30th September 2019

The African Development Bank (www.AfDB.org) and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the…

Source: African Development Bank Group (AfDB) |

Sudan: African Development Bank approves $31.3 million grants for water and sanitation facilities

The project will address basic needs of the communities and tackle gender disparities while ensuring economic empowerment of the communities

The African Development Bank Group (www.AfDB.org) on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project…

Source: African Development Bank Group (AfDB) |

African Development Bank partners with Senegal to host 2021 World Water Forum

The forum will take place in the Senegalese capital 22 – 27 March 2021, on the theme of ‘Water Security for Peace and Development’

A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank (www.AfDB.org) on Senegal’s preparations to host the World Water Forum (https://bit.ly/35mwCLg) in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human,…