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African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…

African Development Bank Group (AfDB)

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    • 7th Korea-Africa Economic Cooperation (KOAFEC) business forum
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Source: African Development Bank Group (AfDB) |

Adesina to Korean investors: Africa is the leading market frontier with huge untapped potential

Africa is not as risky as you hear - It is a continent of opportunities, waiting to be tapped

African Development Bank (www.AfDB.org) President Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. “Africa is a continent that cannot be ignored by investors,” Adesina said at a business forum attended by CEOs of Korean corporations, heads of…

African Development Bank Group (AfDB)

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    • African Development Bank, Korea sign agreements for additional funding at 2023 KOAFEC
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (1)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (2)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (3)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development

The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021

The African Development Bank (www.AfDB.org) and the Government of Korea on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million. The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (left) and Korea's Deputy Prime Minister Kyungho Choo at the opening of the 7th Korea-Africa Economic Cooperation Ministerial Conference in Busan
    • 33 African finance ministers, ambassadors, heads of pan-African institutions and NGOs, CEOs and Korean private sector leaders gathered in Busan for the 7th KOAFEC Ministerial Conference
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Source: African Development Bank Group (AfDB) |

Korea and Africa rally additional finance and technology for universal energy access and to make Africa world’s breadbasket

The Korea Trust Fund and the $600 million Korea-Africa Energy Investment Framework will support African countries in strengthening human capacity and developing their energy sectors

The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest city, Busan, on Wednesday with a strong call for additional resources to help African countries achieve universal access to energy and transform the continent into the breadbasket of the world. The conference is taking place at a time…

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

African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction

The transaction will be issued in a Sustainable Bond format, under the Bank’s newly established Sustainable Bond Framework, and will finance a combined portfolio of eligible green and social projects

The African Development Bank (www.AfDB.org) announces upcoming investor calls and meetings in New York, London and Paris, ahead of an inaugural USD Global Benchmark Sustainable Hybrid Capital transaction. In July, S&P Global Ratings assigned an AA- rating to the proposed instrument - the highest rating for hybrid capital. The transaction…

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

African Development Bank's Sustainable Energy Fund for Africa welcomes $50 million in new commitments from Germany and United States of America at Africa Climate Summit

The contributions will serve to boost its position as one of the continent’s leading climate finance facilities

The African Development Bank's (www.AfDB.org) Sustainable Energy Fund for Africa (SEFA) (https://apo-opa.info/3EfNjLE) welcomes approximately $50 million in new funding contributions from Germany and the United States. The contributions will serve to boost its position as one of the continent’s leading climate finance facilities. The funding was announced on Tuesday 5 September at…

African Development Bank Group (AfDB)

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    • (L-R) Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt shakes hands with AfDB Vice President Kariuki, cementing a new partnership between the Glasgow Financial Alliance for Net Zero (GFANZ) and the African Development Bank. Centre - AfDB Vice President Solomon Quaynor looks on.
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Source: African Development Bank Group (AfDB) |

Glasgow Financial Alliance for Net Zero (GFANZ) Africa Network, African Development Bank Announce Climate Action Partnership

GFANZ and the African Development Bank will collaborate through the GFANZ Africa Network and the African Financial Alliance on Climate Change (AFAC), to support the African financial sector to accelerate climate finance for low carbon investments in the region

New partnership seeks to engage African financial institutions on climate transition planning and finance; Dr. Timothy Afful-Koomson, Chief Climate Finance Officer of the AfDB Group (www.AfDB.org), appointed Director of the GFANZ Africa Network. The Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to the…

African Development Bank Group (AfDB)

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    • African Development Bank President Dr. Akinwumi A. Adesina praised the potential of the Africa Climate Risk Insurance Facility for Adaptation at an event during Africa Climate Summit in Nairobi
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Source: African Development Bank Group (AfDB) |

African Development Bank unveils new initiative to cushion farmers from climate change effects

The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries

The African Development Bank (www.AfDB.org) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop…

African Development Bank Group (AfDB)

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    • World leaders gathered in Nairobi at the invitation of Kenya President William Ruto (centre), voiced strong support for making Africa integral to global action efforts
    • African Development Bank president Dr Adesina commending Kenya President for hosting the inaugural Africa Climate Summit in the Kenyan capital Nairobi
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Source: African Development Bank Group (AfDB) |

Bold visions and solid pledges: Global leaders unite at Africa Climate Summit to put continent at heart of fight against climate change

The Africa Climate Summit is expected to produce the joint Nairobi Declaration, that will set out the continent’s position on climate finance and green growth

World leaders on the second day of the inaugural Africa Climate Summit in the Kenyan capital Nairobi have pledged their support to position the continent at the epicentre of the fight against climate change, urging greater consideration for Africa’s needs. The historic three-day event, hosted by the government of Kenya…

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

African Development Bank signs on partnership role in Women Deliver 2023 Conference Africa debut

The theme for this year’s conference is Spaces, Solidarity and Solutions: Enabling inclusive and co-created spaces that foster solidarity for sustainable solutions on gender equality

The African Development Bank (www.AfDB.org) has signed on as a partner of the Women Deliver 2023 Conference, a multi-sectoral gathering for advancing gender equality. The conference will debut in Africa, from 17 to 20 July in Kigali, Rwanda. The Bank has earmarked $300,000 to support the Women Deliver 2023 Conference,…