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African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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    • From left: Vanessa Ushie, Arona Soumare, Jo Mulongoy , Prudence Galega, Ousseynou Kasse, Jeanne Ntain and Innocent Maloba
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Source: African Development Bank Group (AfDB) |

Convention on Biological Diversity Conference of Parties (CBD COP15): New African Development Bank, Worldwide Fund for Nature (WWF) study calls for urgent attention and increased investment in Africa’s biodiversity

The assessment, launched on the sidelines of the UN Biodiversity summit (COP15) in Montreal, Canada, is based on the 6th National Reports on biodiversity submitted by African countries in 2018 -2020

The  African Development Bank (www.AFDB.org) and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020 (https://bit.ly/3Wi56by). The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building,…

African Development Bank Group (AfDB)

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    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (1)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (2) (FR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (3) (PT)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (4) (AR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa

The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects

African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the…

African Development Bank Group (AfDB)

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    • The 2022 African Economic conference, held in Mauritius, brought together policymakers, climate experts, private sector representatives, academics, and youth to develop an action plan to guide Africa as it navigates the threat of climate change
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Source: African Development Bank Group (AfDB) |

African Economic Conference 2022 urges development community to “walk the talk” on innovative solutions to fight climate change

Participants asserted that achieving net zero emissions—the crux of the three-day conference—can be accomplished if all stakeholders are robustly engaged

The 17th African Economic Conference ended on Sunday with a charge to the development community and governments to take decisive actions to address climate change. The African Development Bank, United Nations Economic Community for Africa, and United Nations Development Programme, the conference hosts, called on participants to walk the talk…

African Development Bank Group (AfDB)

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    • Participants at the workshop co-organized by the African Development Bank and the Global Center on Adaptation to build capacity to access climate adaptation finance.
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Source: African Development Bank Group (AfDB) |

African Development Bank and Global Center on Adaptation Work with Partners to Enhance Capacity to Access Climate Adaptation Funding

The rigorous requirement by Green Climate Fund for climate rationale based on 30 years of point-source climate data has led to a high attrition rate for funding proposals with an adaptation focus

The African Development Bank (www.AfDB.org) and Global Center on Adaptation today launched a new initiative under the Technical Assistant Programme of the Africa Adaptation Acceleration Program (https://bit.ly/3FwHk5R) to help African countries access more climate adaptation funding. A climate rationale is the scientific basis of a project and describes the climate change…

African Development Bank Group (AfDB)

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    • ADF deputies applaud the announcement of ADF-16 replenishment package.
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Source: African Development Bank Group (AfDB) |

African Development Fund mobilizes $8.9 billion for Africa’s low-income countries, the highest in its 50-year history

The $8.9 billion replenishment package includes $8.5 billion in core ADF funding and $429 million for the newly created Climate Action Window

After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. It is the largest replenishment in the history of the Fund. ADF is…

African Development Bank Group (AfDB)

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    • Africa Climate Change Fund launches Women and Youth Entrepreneurship Project
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Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

The virtual launch followed the approval of a $1 million grant funding by the ACCF’s development partners for the project

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African…

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

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…

African Development Bank Group (AfDB)

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    • African Development Bank President, Dr. Akinwumi Adesina and European Bank for Reconstruction and Development President, Odile Reinaud-Basso
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP27): African Development Bank Group and European Bank for Reconstruction and Development (EBRD) affirm commitment to climate adaptation and to helping African businesses become more resilient

Climate adaptation in Africa was a key condition to preserving economic growth and maintaining social cohesion on the continent

African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina and European Bank for Reconstruction and Development (EBRD) President Odile Reinaud-Basso have agreed that their organizations would step up cooperation to enhance resilience among African businesses. The two development bank heads held talks earlier this month at this year’s global climate summit…