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

Africa Investment Forum 2019: Nigeria expected to be major player

The African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November

Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace…

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

Angola to Sign Lusophone Country-Specific Compact

On 10 July 2019, The Governments of Angola and Portugal and the African Development Bank, will sign a Country-Specific Compact

WHO: The Government of Angola, the Government of Portugal, and the African Development Bank WHAT: Lusophone Country-Specific Compact Signing Ceremony         WHERE: Luanda International Fair (FILDA), Special Economic Zone    WHEN: 10 July 2019, 10:15-11:25 a.m. On 10 July 2019, The Governments of Angola and Portugal and the African Development Bank, will…

African Development Bank Group (AfDB)

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Source: African Development Bank Group (AfDB) |

Niger: African Development Bank President attends historic African Union summit, decries child marriage

Whilst in Niamey, Adesina also participated in a high-level panel on combatting child marriage, organized on the sidelines of the summit

The president of the African Development Bank (https://www.AfDB.org), Akinwumi Adesina joined continental leaders in Niger for an African Union summit which saw the official launch of the African Continental Free Trade Area agreement – the world’s largest free trade area since the formation of the World Trade Organization. The agreement,…

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

African Union Commission calls for further financial input for the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund

The African Development Bank approved in June 2019 the allocation of UA 3 million from its 2018 Net Income to NEPAD-IPPF

The 29th Oversight Committee (OC) meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund held at the headquarters of the African Union Commission in Addis Ababa, Ethiopia, has ended with calls for increased investments to accelerate the closure of Africa’s infrastructure gap. The meeting,…

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

African Development Bank to meet Nigerian businesses leaders next week ahead of African Investment Forum

African Investment Forum (AIF) − the continent’s biggest investment marketplace for accelerated economic transformation - is slated for 11-13 November 2019 in Johannesburg, South Africa

WHO: African Development Bank, Africa Finance Corporation WHAT: African Investment Forum Roadshow WHERE: Transcorp Hilton, Abuja, Nigeria WHEN: July 9, 2019 at 8.30 am The African Development Bank Group (https://www.AfDB.org), and the Africa Finance Corporation, will meet industry and business leaders in Abuja, Nigeria on Monday, 09 July 2019 as…

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

African Development Bank hosts masterclass on women’s skills in business development

The masterclasses are jointly conducted by the African Development Bank Group and Entreprenarium

The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management. 40 business women, who came through an online application process, will attend the two-day masterclass, which will cover financial planning, lean start-up…

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

African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) host International Workshop on Africa’s Trade Finance Market

The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives of the main correspondent banks operating in Africa

The African Development Bank (www.AfDB.org), Making Finance Work for Africa (MFW4A) (www.MFW4A.org) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa. The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives…

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

Flying ‘sky-high’: African Development Bank Annual Meetings conclude with consensus on regional integration

Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration

The African Development Bank (www.AfDB.org) on Friday concluded its Annual Meetings, amid growing consensus that regional integration is imperative to a new phase in African prosperity. Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was…

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

Despite challenges, Africa's debt is still under control says African Development Bank

In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity

The African Development Bank (www.AfDB.org) remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to…

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

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

‘Boost Africa’ was launched in partnership with the African Development Bank and the European Investment Bank to enhance entrepreneurship and innovation across Africa

The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank (www.AfDB.org) on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for…