Source: African Development Bank Group (AfDB) |

African Development Bank announces bold measures to curb coronavirus

The Bank has already taken several other steps to counter an escalation of the virus, including a 14-day self-quarantine for employees returning from high-risk countries

The African Development Bank (https://www.AfDB.org/) on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in country's where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to Bank buildings,…

Source: African Development Bank Group (AfDB) |

Making Finance Work for Africa Partnership (MFW4A): Call for Essays on Financial Sector Development

The call for essays aims to foster a better understanding of the issues challenging financial sector development in Africa

The Making Finance Work for Africa Partnership (MFW4A) invites researchers and students enrolled in an academic institution to submit an essay on the African financial sector. The call for essays aims to foster a better understanding of the issues challenging financial sector development in Africa and to gather thoughts, opinions…

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

Africa Fertilizer Financing Mechanism launches $2.2 mill project in Nigeria to boost fertilizer supply to 200,000 farmers

The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and 120 retail agro-dealers

The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers. The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers…

Source: African Development Bank Group (AfDB) |

Bank President Akinwumi Adesina to visit Sierra Leone to discuss nutrition, development plan

Both presidents will use the visit to discuss the African Leaders for Nutrition (ALN) initiative which works to fight against malnutrition

Who: African Development Bank Group (www.AfDB.org)  What: President Akinwumi Adesina to hold discussions with President Julius Maada Bio Where: Sierra Leone When: 11 to 13 March 2020 Following a meeting with the President of Sierra Leone Julius Maada Bio at the AU Summit in February 2020, President Akinwumi Adesina will make a visit to…

Source: African Development Bank Group (AfDB) |

African Development Bank and Association for the Development of Education in Africa urge partners to tackle skills mismatch

The findings of the preliminary scoping study show that there are gaps in skills development for employability in Africa

The African Development Bank (https://www.AfDB.org/) and the Association for the Development of Education in Africa (ADEA) (http://www.ADEAnet.org/) have called for stronger links between technical and vocational education and training and industry to equip young people with the skills they need to boost technological advancement, trade and growth in Africa. A…

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

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…

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

African Legal Support Facility launches new handbook on sovereign debt at 10th anniversary

The handbook discusses the fundamentals of sovereign debt, including the technical, financial and legal aspects of debt instruments and the markets in which they are traded

The African Legal Support Facility (ALSF) has launched a handbook on sovereign debt aimed at improving users’ understanding of the subject and offering development and implementation strategies and tips to avoid over-indebtedness. The Handbook on Sovereign Debt, produced by the ALSF in collaboration with 11 prominent debt professionals, was officially…

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

President of the African Development Bank receives 8th African Leadership Magazine African of the Year Award

The African Leadership Magazine Persons of the Year Awards is now the most popular vote-based third-party endorsement in Africa

Over 200 leading African political, business, and diplomatic leaders gathered in Johannesburg for the 8th African Leadership Magazine Persons of the Year Award dinner. They witnessed Dr. Akinwumi Adesina, President of the African Development Bank (www.AfDB.org), being honored as the African of the Year 2019.  Themed ‘Africa for Africans –…

Source: African Development Bank Group (AfDB) |

African Development Bank Board bids farewell to Senior Vice President Charles Boamah

“You’ve been a pillar of this institution. You’ve done very well.” – Bright Okogu, Dean of the Board of Directors

“Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is with those words that the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, also Dean of the Board of directors of the…

African Development Bank Group (AfDB)
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    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…