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African Development Bank Group (AfDB)

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    • Windmills and solar energy systems supported by the African Development Bank Group are bringing sustainable energy to the most remote areas of the continent
    • Wale Shonibare, African Development Bank's Director of Energy Financial Solutions, Policy, and Regulation
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Source: African Development Bank Group (AfDB) |

The Critical Need for Energy Access in Africa: A Roadmap to Prosperity (By Wale Shonibare)

At the current pace of electrification and with Africa’s rapid demographic growth, the number of people without electricity will remain largely unchanged unless we take bold and immediate action

By Wale Shonibare, African Development Bank's (www.AfDB.org​) Director of  Energy Financial Solutions, Policy, and Regulation  Across Africa, the sunlight shines bright and natural resources abound. Yet despite that lies a pressing issue that threatens to stifle the continent’s growth and prosperity: the lack of access to reliable and sustainable electricity.…

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

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

African Development Bank Group (AfDB)

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    • ABN Group Chairman Rakesh Wahi (center) presenting the ‘African of the Decade’ award to Dr. Adesina (second from left) in the company of his wife, Grace (fourth from left), and Roberta Naicker, ABN Group Managing Director (far right)
    • African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

The awards committee highlighted Adesina’s innovative collaborations, including leading the African Development Bank in a groundbreaking partnership with the World Bank to provide electricity access to 300 million Africans

In a milestone celebration of African leadership, Dr. Akinwumi Adesina's decade-long impact on continental development has earned him the inaugural "African of the Decade" award. The African Development Bank Group (www.AfDB.org) President received this distinguished honor (https://apo-opa.co/3DfQd5i) at last week's Africa Investment Forum in Rabat, marking a defining moment in…

African Development Bank Group (AfDB)

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    • South Africa's Just Energy Transition Jobs First Project partners gathered to foster inclusive and sustainable green practices in South Africa’s Just Energy Transition. Bottom row (from left to right): Hayley Sylvester (UVU Accelerate), Anne-Charlotte Garnier (AFD), Nina Kolybashkina (CIF), Slim Dali (AFD), Patricia Pena (Global Affairs Canada), Peter Nonyane (Mpumalanga Department of Social Development), Middle row (from left to right), Suhana Bisnath (UVU Africa), Chiagozie Obuekwe (CIF). Andisiwe Gcali (Global Affairs Canada), Neil Cole (JET PMU South Africa Presidency), Nawsheen Elaheebocus (AfDB), Nkosinathi Nkonyane (MGCA), Back row (from left to right) (from left to right) Lore Manonyane (Mpumalanga Provincial Treasury), Shauna Flanagan (Global Affairs Canada)
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Source: African Development Bank Group (AfDB) |

Advancing Gender Equality in South Africa’s Just Energy Transition

Through direct engagement with local voices, the Project is fostering a collaborative environment where grassroots insights are prioritized, building a foundation for a more inclusive energy transition that centres around community needs

A series of impactful events held between November 12-15 marked several strides forward in advancing gender equality in South Africa’s Just Energy Transition.   Organized by the Mpumalanga Green Cluster Agency, the Project Implementation Unit, with support from the Climate Investment Funds (https://apo-opa.co/4iDmV0s) and the African Development Bank, the week-long programme’s…

African Development Bank Group (AfDB)

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    • (left to right) HE Nardos Bekele-Thomas, HE Dr David Masondo - Deputy Minister of Finance of South Africa, Ms Leila Farah Mokaddem - DG of Southern Africa, HE Andre Nzapayeke - Dean of Africa Group of Heads of Diplomatic Missions, HE Salih Omar Abdu - The Dean of the Diplomatic Corps in SA and Ambassador of the State of Eritrea in South Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

The 60th-anniversary celebrations are a testament to the Bank’s resilience and the enduring support of its partners

The African Development Bank (AfDB) (www.AfDB.org) proudly celebrates its Diamond Jubilee, marking 60 years of driving social and economic transformation across the African continent. The Southern African regional celebration, held in Johannesburg, brought together leaders, stakeholders, and partners to reflect on the institution’s remarkable journey and its vision for a…

African Development Bank Group (AfDB)

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    • The 16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16): Mobilizing Global Action for the African Great Green Wall Initiative
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Source: African Development Bank Group (AfDB) |

16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16): Mobilizing Global Action for the African Great Green Wall Initiative

The gathering brought together Heads of State and Government, leaders from international financial institutions, technical experts, and other key stakeholders

The 16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16) hosted a high-level event to mobilize political support and scale up investments for the African Great Green Wall (GGW) Initiative. Organized in collaboration with the African Union Commission (AUC) and the African Development Bank,…

African Development Bank Group (AfDB)

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    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia (6th Right) with other dignitaries who attended the Bank’s 60thanniversary commemoration
    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia, addressing guests in marking the Bank’s 60th anniversary
    • Ethiopia’s State Minister of Finance for Economic Cooperation, Semereta Sewasew, gives her address at the Bank’s 60th anniversary celebrations in the capital Addis Ababa
    • Dancers entertaining guests in celebration of the Bank’s 60th anniversary
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Source: African Development Bank Group (AfDB) |

Bank commemorates 60 years of impact in Ethiopia

From 1975, when the Bank first began operations in Ethiopia, it has financed 213 projects including 39 in transportation, 28 in energy; 66 in agriculture; and some five projects in job creation

Ethiopia has joined other countries across the continent to celebrate the African Development Bank’s (www.AfDB.org) 60th anniversary with a colourful and instructive trip down ‘Memory Lane’. On 29 November 2024, an eventful day of activities, organized by the Bank’s country office and the Government of Ethiopia, was held in the…

African Development Bank Group (AfDB)

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    • Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential (1)
    • Investors and project developers gathered to review, discuss and engage on 37 investment projects across 41 investment boardrooms. (Pictures: boardrooms chaired by African Development Bank Group Dr Akinwumi Adesina.)
    • Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, urged the African diaspora to invest in the continent
    • Named “African of the Decade” by the All Africa Business Leaders Award, African Development Bank Group President Dr Adesina reiterated his optimism about the future of Africa, “the place to be” for investors
    • Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential (2)
    • The Africa Investment Forum has solidified its role as a cornerstone for catalyzing transformative investments across the continent. Picture: one of the numerous signing ceremonies held during the Market Days
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential

During the closing press conference, representatives of the Forum’s founding partners reaffirmed their commitment to deepening collaboration and enhancing the platform’s convening power to mobilize critical investments for Africa

The Africa Investment Forum 2024 Markets Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco.  The Chair of the Africa Investment Forum, President of the African Development Bank, Dr Akinwumi A Adesina, described this latest total as “truly…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Market Days 2024: The African Development Bank (AfDB), Development Bank of Southern Africa (DBSA) and institutional investors sign agreement for new African multi-originator synthetic securitization platform
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Market Days 2024: African Development Bank (AfDB), Development Bank of Southern Africa (DBSA) and institutional investors sign agreement for new African multi-originator synthetic securitization platform

The proposed multi-originator synthetic securitization platform is being designed as a revolving, evergreen vehicle to de-risk the balance sheets of development finance institutions operating in Africa

The African Development Bank Group (www.AfDB.org), together with the Development Bank of Southern Africa (DBSA) and key institutional investors Academy Securities, Africa50, and Newmarket, today signed a Letter of Intent to explore the establishment of a multi-originator synthetic securitization transaction. The signing took place during the Africa Investment Forum 2024…

African Development Bank Group (AfDB)

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    • Members of the first sub-panel discussed the question: “How can funds be best used to support essential services and the development of our cities?”
    • The focus of the second sub-panel was: “How to mobilise capital for urbanisation projects in Africa?”
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: Africa, the most urbanised continent by 2050, needs more investment to prevent a surge in shanty towns (experts warn)

Diversification of investment needs to go hand in hand with appropriate measures and provisions put in place by national governments and urban authorities

Africa’s urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns. This was the conclusion shared by experts at a round-table…