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African Development Bank Group (AfDB)

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    • Registration Opens for the 2024 African Economic Conference
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Source: African Development Bank Group (AfDB) |

Registration Opens for the 2024 African Economic Conference

This year’s conference will provide a platform for African countries to address pressing economic challenges and strengthen their resilience to growing global pressures

Registration is now open for the 2024 African Economic Conference (AEC), a flagship event co-hosted by the African Development Bank (www.AfDB.org), the United Nations Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP). Taking place in Gaborone, Botswana, from 23 to 25 November, the conference will bring…

African Development Bank Group (AfDB)

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    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (1)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (2)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger

The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”

African Development Bank (www.AfDB.org) President Akinwumi Adesina is in Rio de Janeiro where he will reaffirm his commitment to ending hunger and malnutrition. The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”. It will be held from 18-19 November, and a major focus here…

African Development Bank Group (AfDB)

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    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th…

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

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

African Development Bank Group (AfDB)

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    • Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days

Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close

A group of top African investors made a stop in Casablanca, Morocco, on Tuesday, November 12 to mobilise Moroccan investors and business leaders a few weeks ahead of the Africa Investment Forum’s Market Days event. The Africa Investment Forum, an initiative of the African Development Bank Group and eight other…

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

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    • (from center left) AfdB VP President Kariuki with Tanzania's Vice President Philip Mpango, Fatih Birol, IEA Executive Director, and Damilola Ogunbiyi, Special Representative of the United Nations Secretary-General for Sustainable Energy for All, and other participants at a COP29 Clean Cooking side event
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP29): Lack of Clean Cooking Access Poses Deadly Risks for Millions in Africa, Leaders Urge Action

At a Paris summit held In May 2024, African Development Bank President Dr. Akinwumi Adesina pledged to allocate 20 percent of Bank financing for energy projects that promote clean cooking alternatives

African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually.    "It is unacceptable that women…

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    • Dr Akinwumi Adesina (left) and President Samia Suhulu Hassan of Tanzania discuss bold measures to feed Africa during the World Food Prize Norman E Borlaug Dialogue. Iowa, October 2024
    • Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa
    • Dr Akinwumi Adesina, the President of the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa

Each youth is given 10 acres of land and is supported by training, already 11,000 have benefitted and this year’s harvest has begun

Tanzania achieves 128% food self-sufficiency, one of continent’s two successful cashew nut processors If you are not investing in Africa, what are you doing? – Akinwumi Adesina Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is…

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    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (1)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (2)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (3)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (4)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (5)
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Source: African Development Bank Group (AfDB) |

Adesina and Banga lead the charge to end hunger in Africa at 2024 Borlaug Dialogue

Interviewed by Roger Thurow, senior fellow for global agriculture at the Chicago Council on Global Affairs, Adesina and Banga discussed the transformative actions from MDBs in meeting Africa’s annual $1.3 trillion development needs

In a powerful opening to the 2024 Norman E. Borlaug International Dialogue, the president of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina and his counterpart at the World Bank Ajay Banga, stressed the need for more global action against hunger, a goal slipping further away due to the…

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    • Dr. Akinwumi Adesina (center left) with TDB President Admassu Tadese during a meeting of AIF founding partners in Washington, DC October 2024
    • Meeting of AIF founding partners in Washington, DC October 2024
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum welcomes Arab Bank for Economic Development in Africa (BADEA) as new partner ahead of the December Market Days in Rabat

The 2024 Market Days will take place from 4-6 December 2024 in Rabat, Morocco, under the theme: “Leveraging Innovative Partnerships for Scale”

The Arab Bank for Economic Development in Africa (BADEA) has joined the Africa Investment Forum (www.AfricaInvestmentForum.com) as a founding partner, marking a new phase in the Forum’s expansion and influence as a catalyst for mega investments into the continent. The official announcement came during a breakfast meeting of heads of the Africa…