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African Development Bank Group (AfDB)

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    • Marie-Laure Akin-Olugbade, African Development Bank Vice President (right), Ahmadou Abdoulaye Diallo, Director General of the African Solidarity Fund ( center) and Algerian Prime Minister Aїmene Benabderrahmane ( left), during the 2nd Dakar Financing Summit in Senegal 02.02.2023
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Source: African Development Bank Group (AfDB) |

At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030

The 2nd Dakar Financing summit For Africa's Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase. African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by…

African Development Bank Group (AfDB)

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    • Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world
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Source: African Development Bank Group (AfDB) |

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself

The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in…

African Development Bank Group (AfDB)

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    • From left: Luísa Diogo, former Prime Minister of Mozambique, Dr. Akinwumi A. Adesina, President of the African Development Bank Group, Jamie Cooper, Founder and President of Big Win Philanthropy and Co-Chair of AMALI, Dr. Nkosazana Dlamini-Zuma, Minister of Cooperative Governance and Traditional Affairs of South Africa, Alan Winde, Premier of the Western Cape. Image source: African Mayoral Leadership Initiative (AMALI)
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Source: African Development Bank Group (AfDB) |

“Let Us Act to Transform Africa’s cities”—African Development Bank President to African Mayors

African Development Bank Group President, Dr Akinwumi A. Adesina, assures mayors at the African Mayoral Leadership Initiative (AMALI) of the Bank’s support to creatively and sustainably transform their cities

By 2050, the number of people living in African cities is expected to double from about 600 million to 1.2 billion, representing the most rapid rate of urbanisation in the world. This poses significant development challenges, which will require innovative, African-led solutions. In rousing remarks to the mayors of 15…

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

Second International Summit on Food Production in Africa to Open in Dakar

Heads of state and government to chair sessions on developing country food and agriculture delivery compacts, spur commitment to political action toward eliminating hunger, malnutrition and extreme poverty in Africa

African heads of state and government together with development partners will gather in Senegal to strategically map plans to unlock Africa’s food-producing potential and position the continent to become a breadbasket to the world. President Macky Sall of Senegal, and Chairperson of the African Union, will host the three-day Dakar…

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

African Development Bank unveils the African Pharmaceutical Technology Foundation at the 2nd International Conference on Public Health in Africa

The Foundation is expected to boost Africa’s access to technology for manufacturing the full range of pharmaceutical products, focusing on building supply chains

The African Development Bank Group (www.AfDB.org) has formally introduced its new initiative that will join hands with the African Union to boost Africa's capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build its pharmaceutical sector. The African Pharmaceutical Technology Foundation (APTF) was the…

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

African Leaders and United States (U.S.) Government Affirm Commitment to Nutrition Investment for Africa on Margins of United States (U.S.)-African Leaders Summit

U.S. Government is committing $760 million to expand and scale agricultural programs that support farmers and communities around the world hit by rising food, fuel, and fertilizer prices

African leaders and the United States government have underlined the the need for increased investment and prioritization of nutrition across the African continent. The African Development  Bank through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission convened a high-level discussion on 12 December, on…

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 Akinwumi Adesina (left) and International Fund for Agricultural Development (IFAD) President Alvaro Lario
    • African Development Bank Group president Akinwumi Adesina (left) and Food and Agriculture Organization (FAO) Director General Qu Dongyu
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Source: African Development Bank Group (AfDB) |

Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders in Rome ahead of 2023 African Food Summit in Dakar

The goal of the Dakar 2 conference is to mobilize political support for the structural transformation of agriculture in Africa

Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of the African Development Bank Group (https://www.AfDB.org/en) Dr. Akinwumi Adesina, the International Fund for…

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…