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

African Business Founders to Take Center Stage at African Hidden Champions (AHC) Soirée in Johannesburg

his event, dubbed "Proudly Local, Boldly Global," is also supported by British International Investment (BII), the UK’s development finance institution (DFI) and impact investor

African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award-winning South African artist, Ami Faku.  African Hidden Champions, a co-partnership…

African Development Bank Group (AfDB)

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    • The newly inaugurated ultra-modern Central Regional office complex of the Bank Group
    • Inauguration of the regional office of the African Development Bank Group in Yaoundé, symbolizing a new chapter in regional development
    • African Development Bank Group Vice President in charge of Regional Development, Regional Integration and Service Delivery, Marie-Laure Akin-Olugbade; the General Manager of the Bank's regional office for Central Africa, Serge N'Guessan; Cameroon's Prime Minister Joseph Dion Ngute; and the Minister of Economy, Planning, and Territorial Administration, Alassane Alamine Mey, at the ribbon-cutting ceremony of the Bank Group's new Central Africa office in Yaoundé
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank bolsters Central Africa presence with inauguration of new regional office in Yaoundé

Situated in the Golf district, the six-storey regional office building is equipped with 130 workstations, several meeting rooms, and a clinic

In a move that reaffirms its commitment to Central Africa’s development course, the African Development Bank (AfDB) (www.AfDB.org) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon. Joseph Dion Ngute, Prime Minister of Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group's Vice-President for the Regional Development, Integration and Business Delivery…

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

African Development Bank enhances Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Programs for greater impact

The ENABLE Youth program helps young African men and women access financing to grow their enterprises

The African Development Bank (www.AfDB.org) successfully concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Program in preparation for its next phase. The ENABLE Youth program helps young African men and women access financing to grow their enterprises. Currently active in 15…

African Development Bank Group (AfDB)

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    • (Left to Right): Bendjin Kpeglo, Managing Director of AGF West Africa; Wilfried Abiola, the African Development Bank’s Country Manager for Togo; Akuwa Dogbé Azoma, National Director for Togo at the Central Bank of West African States (BCEAO); Koffi Gani, Principal Private Secretary for the Togolese Minister for Social Action, the Advancement of Women and Literacy; Melissa Basque-Roux, Acting Coordinator of the AFAWA initiative; Jules Ngakam, CEO of the AGF Group
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Source: African Development Bank Group (AfDB) |

Affirmative Finance Action for Women in Africa (AFAWA) Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs' access to finance

This innovative programme aims to make up to $3 billion available for women-led small and medium-sized enterprises, via guarantees to financial institutions to mitigate lending risks

The African Development Bank (www.AfDB.org) and the African Guarantee Fund (AGF) (https://apo-opa.co/4apZNya) have brought the curtain down on the AFAWA Finance Series Togo conference, a key note event aimed at  promoting a better understanding of the financing needs of Togolese women entrepreneurs and debunking the myth that women-run companies are…

African Development Bank Group (AfDB)

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    • Benson Bumbe Nkhoma (2nd right), Principal Water Resources Management and Development Officer, African Development Bank, making a presentation. On the extreme right is Peter de Koming, Resident Project Manager, Kenya, World Waternet. The others are: Fred Nyongesa, Manager, Water Quality, Water Resources Authority (extreme left); Enock Sentru Kiminta, Chief Executive Officer, Kenya National Water Resource Users Association (2nd from left); and Robert Kisyula, Chief of Party, USAID STAWI (3rd from left)
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Source: African Development Bank Group (AfDB) |

African Development Bank champions private-public partnerships and good governance for universal water access in Kenya

Kenya requires about Ksh 995 billion (around $7.5 billion) to achieve universal access to water and sanitation by 2030

Kenya’s Water and Sanitation Investors Conference 2024, held in the capital, Nairobi, concluded with a call for accelerated investment towards universal access to water and sanitation by 2030. The March 6-8 conference underscored the need for collaboration to support governments in bridging the financing gap through private sector funding, blended…

African Development Bank Group (AfDB)

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    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (1)
    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference

The conference was a roadmap for sustainable blue and green financing for São Tomé and Príncipe and other small island developing states

The UNESCO biosphere reserve of Príncipe island was the site of the first international conference dedicated to biodiversity financing hosted by the Government of São Tomé and Príncipe, the Regional Government of Príncipe, in partnership with the United Nations and the African Development Bank (www.AfDB.org). Raising awareness of the challenges…

African Development Bank Group (AfDB)

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    • To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina (1)
    • To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina (2)
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Source: African Development Bank Group (AfDB) |

To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina

Governments should not transfer their responsibility to citizens; African and global leaders fete Adesina as he receives the Obafemi Awolowo Leadership Prize for his visionary, inspiring, and transformative leadership

President of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina has appealed to leaders in Nigeria and across Africa to make poverty history as he outlined a compelling case for welfarist policies and people-centred development. “Given the high levels of poverty in Africa, and Nigeria, what is needed are welfarist…

African Development Bank Group (AfDB)

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    • Click here for a video of Egyptian Vice Minister of Finance Ahmed Kouchouk's reaction to receiving an award for the Panda Bond issue
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    • AfDB staff joined representatives of the Ivorian government and lending institutions in Cape Town to collect an award for a Bank Group-supported project in Cote D’Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank-Supported Projects in Egypt and Côte d'Ivoire Win Top Honors at 2024 Bonds, Loans & ESG Capital Markets Africa Awards

The conference recognises the most innovative, ground-breaking deals from across Africa based on their high-quality execution, effectiveness in tapping new pools of liquidity, and innovative structuring

Two African Development Bank-supported (www.AfDB.org) projects have been recognized at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/48Ob1Lf) conference. A RMB3.5bn ($478.7 million) Sustainability Panda Bond issue by Egypt was awarded Sovereign, Supra & Agency Bond Deal of the Year and a €533m Sustainable Loan to Côte d'Ivoire…

African Development Bank Group (AfDB)

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    • Project managers from the African Development Bank and Tunisian public partner institutions at the RASME solution launch seminar in Tunisia
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Source: African Development Bank Group (AfDB) |

Tunisia Launches cutting-edge Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) Tool for Project monitoring

RASME’s rollout in Tunisia includes a training, communication, and change management program

The African Development Bank Group (www.AfDB.org) has launched the Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) initiative in Tunis to strengthen the supervision of development projects using cutting-edge processes. RASME, a collaborative effort between the Bank Group, the World Bank's Geo-Enabling for Monitoring and Supervision initiative, and KoBoToolbox (www.KoBoToolbox.org), provides…

African Development Bank Group (AfDB)

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    • Italy announces $6 billion plan to strengthen partnership with Africa at Italy-Africa Summit
    • L-R: Italian Prime Minister Georgia Meloni, Dr Akinwumi A. Adesina, president of the African Development Bank Group, and Italian Republic President Sergio Mattarella at Palazzo del Quirinale
    • African Development Bank Group President Dr Akinwumi Adesina (2nd right, 3rd row) joined 25 African leaders and European Union officials at the Italy-Africa Summit
    • African Development Bank Group President Dr Akinwumi Adesina (right) underscored Africa’s resilience, saying, “Africa will determine the future of the world”
    • The President of the European Commission, Ursula von der Leyen (standing), called for a united front “to build alternatives to the deadly smuggling routes”
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Source: African Development Bank Group (AfDB) |

Italy announces $6 billion plan to strengthen partnership with Africa at Italy-Africa Summit

They included an initial pledge of €5.5 billion (US$5.95 billion) including guarantees

The government of Italy unveiled a near US$6 billion plan to support African development at a one-day Italy-Africa plan in Rome on Monday. African Development Bank Group President Dr Akinwumi Adesina (www.AfDB.org) joined 25 African leaders and European Union officials at the summit. The summit—which took place as Italy assumes the Presidency…