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

REISSUE: Multinational: African Development Bank, partners launch $5.2 million project to help catalyse diaspora investment in eight African countries

The project will assist the recipient countries to identify the best methods for effectively mobilizing the human and financial capital of the diaspora

The African Development Bank (www.AfDB.org), the African Union Commission (AUC), and the International Organization for Migration (IOM) have signed a protocol agreement for $5.2 million in grant financing to strengthen investment, human capital and philanthropic engagement from the diaspora in eight African countries. The agreement was signed in Addis Ababa,…

African Development Bank Group (AfDB)

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    • African Development Bank Group launches training programmes to support 22 African transition countries in debt management
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Source: African Development Bank Group (AfDB) |

African Development Bank strengthens transition states' capacity for more productive, effective and transparent debt management

Africa’s transition state should not be loan takers but negotiate and use loans to improve the quality of life of their citizens- Ogunleye

The African Development Bank Group (www.AfDB.org) has launched a series of training programmes to support 22 Transition or fragile states in Africa to manage their debt more effectively. The Public Finance Management Academy for Africa (PFMA), an initiative of the Bank Group’s African Development Institute, kicked off the maiden edition…

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    • A smallholder farmer in Ethiopia's Awash River Valley inspects higher-yielding, climate-smart wheat supported by the Bank's Technologies for African Agricultural Transformation program
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Ethiopia launch $94 million project to boost Climate Resilient Wheat Value Chain Development in Ethiopia

The financing will support 500,000 smallholder farmer households in the Ethiopian states of Afar, Amhara, Oromia, and Somali, to increase wheat productivity from three to four tons per hectare

The African Development Bank Group (www.AfDB.org) and the government of Ethiopia, in partnership with the Netherlands, fertilizer company OCP-Africa, and the Global Center on Adaptation (GCA), have launched an ambitious project to transform Ethiopia from a wheat importer to a self-sufficient producer and exporter. The total cost of the Climate…

African Development Bank Group (AfDB)

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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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    • Financial support from the African Development Fund will help to increase the number of sustainable micro, small and medium-sized businesses led by young people and women in Ethiopia
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund approves nearly $43 million to boost access to finance and non-financial services for Ethiopian Youth and Women-led micro, small and medium-sized businesses (MSMEs)

The program focuses on improving access to finance, providing business development services, and strengthening the entrepreneurship enabling environment

The Board of Directors of the African Development Fund – the African Development Bank Group’s (www.AfDB.org) concessional financing window – approved a grant of $42.86 million to Ethiopia on 22 May 2024 to fund the implementation of the Agri-MSMEs development for jobs Program.   Aimed at boosting the growth and…

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    • Tens of thousands of farmers and low-income households in southern Ethiopia will benefit from a program financed by an African Development Fund donation
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund grants $46 million to improve access to water and sanitation for pastoral communities in the Borana region

It will also be used to build 9 reservoirs, distribution systems (142.6 kilometres) and connections to give 36,000 new users access to drinking water

The Board of Directors of the African Development Fund in Abidjan on 28 February 2024, donated $46.02 million to Ethiopia to implement Phase 2 of the Borana Resilient Water Development for Improved Livelihoods Program in the country’s south. Financial support from the African Development Bank Group’s concessional rate loans window…

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    • From l to r: Minata Samate Cessouma, Commissioner for Health, Humanitarian Affairs and Social Development, African Union Commission; Samuel Ntsokoane Matekane, Prime Minister and Minister of Defence, National Security and Environment of the Kingdom of Lesotho; Sahle-Work Zewde, President of the Federal Republic of Ethiopia; Akinwumi Adesina, President of the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Leaders say financing and stronger policies needed to tackle malnutrition affecting more than 80 million children

Some 86 million children below five face various forms of malnutrition, 63 million are stunted, 10 million are overweight and three million are wasted - that is they have low weight for their height

Lesotho, African Union Commission, African Development Bank (www.AfDB.org), and partners call for renewed commitment to boost nutrition for Africa’s children; "We have a duty and a responsibility to reduce malnutrition and stunting in Africa by 40% by 2025 - just one year from now" - Adesina. Africa’s children are paying…

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

African Development Bank Group and Ethiopia Resolve to Normalize Relations

The African Development Bank is delighted with and reassured by the strong personal leadership and firm commitment shown by Prime Minister Abiy Ahmed

Following a serious diplomatic incident in which two international staff of the African Development Bank Group (www.AfDB.org) based in the Bank’s Country Office in Ethiopia were severely assaulted by security agents of the Government of Ethiopia, the African Development Bank lodged a formal complaint with the Government of Ethiopia over…

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

African Development Bank Group’s international staff to leave Ethiopia over serious diplomatic incident

These decisions follow the recent breach of diplomatic protocol and assault by Ethiopian security forces on two of the African Development Bank’s international members of staff

The African Development Bank (www.AfDB.org) has decided to withdraw all its international staff from Ethiopia immediately. The office will remain open under an Officer-in-Charge. These measures will not affect nationally recruited staff from Ethiopia who will continue their work and remain in the full employment of the Bank. The Bank…

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    • Panelists at an African Economic Conference session on public-private partnerships to catalyse infrastructure development and innovative financing for industrialisation in Africa
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Source: African Development Bank Group (AfDB) |

Public-private partnerships needed to bridge Africa’s infrastructure development gap

The ECA has been working with African countries to enhance their PPPs for infrastructure development, undertaking capacity building and helping them mobilize resources for infrastructure development

Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa, and governments and the private sector should work together to create effective PPPs, said Dr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at the UN Economic Commission for Africa (ECA).…