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African Development Bank Group (AfDB)

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    • From right, AfDB's VP Quaynor discussing African startups with Kazumasa Kimura, Vice chairperson of Keizai Doyukai's Japan-Middle-East/Africa Relations Committee, Ken Shibusawa, Vice-Chairperson, Africa Project Team, Keizai Doyukai, Allm CEO Teppei Sakano and Satoshi Shimoda, Senior Staff Writer, Nikkei Inc. at the JABF
    • Africa offers some of the highest returns globally, VP Urama told the Forum audience
    • VP Kariuki (at right) said Japan has a competitive advantage in geothermal technology
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Source: African Development Bank Group (AfDB) |

Africa Offers Attractive Investment Opportunities for Japanese Firms, Say African Development Bank Leaders

Bank leaders underscored the institution's commitment to making investing in Africa more attractive

Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank's strong support to manage risks, African Development Bank Group (www.AfDB.org) leaders stressed at the Japan-Africa Business Forum in Tokyo. "Africa has huge private sector opportunities. The continent offers some of the highest…

African Development Bank Group (AfDB)

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    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (1)
    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (2)
    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (3)
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Source: African Development Bank Group (AfDB) |

G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives

African Development Bank had invested over $50 billion in quality infrastructure in Africa over the past eight years

G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US President Joseph Biden and current G-7 President, the Italian Prime Minister Giorgia Meloni, co-chaired a special ad hoc meeting on the sidelines of…

African Development Bank Group (AfDB)

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    • From left to right: Dr Akinwumi Adesina and Ms Giorgia Meloni
    • African Develoment Bank Group President Dr Akinwumi Adesina addresses G7 Meeting
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Source: African Development Bank Group (AfDB) |

Joint Press Statement between Ms. Giorgia Meloni, Prime Minister of Italy, and Dr. Akinwumi A. Adesina, President of the African Development Bank Group—G7 Heads of State and Government Summit

Italy has committed approximately $150 million in highly concessional loans and grants and the African Development Bank Group will at least match this amount

The Prime Minister (PM) of Italy, Ms. Giorgia Meloni, and the President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, met on the sidelines of the G7 Heads of State and Government Summit in Puglia. Their discussion focused on the forthcoming launch of a series of joint initiatives…

African Development Bank Group (AfDB)

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    • High-Level African Development Bank (AfDB) delegation heads to Japan to champion African investment and collaboration in run-up to the 9th Tokyo International Conference on African Development (TICAD9)
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Source: African Development Bank Group (AfDB) |

High-Level African Development Bank (AfDB) delegation heads to Japan to champion African investment and collaboration in run-up to the 9th Tokyo International Conference on African Development (TICAD9)

The delegation's visit is expected to strengthen the partnership between the African Development Bank, the Japanese government, and Japan's private sector, paving the way for increased investment and collaboration in Africa's most promising sectors

An African Development Bank (www.AfDB.org) delegation led by three vice presidents will visit Japan from 17-21 June to promote investment opportunities in key African sectors and strengthen partnerships with the Japanese government and corporations. Vice presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama will be joined by the Bank's Executive…

African Development Bank Group (AfDB)

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    • (l-r) Prof. Njuguna Ndung’u,Cabinet Secretary National Treasury & Economic Planning and Governor for Kenya with Hon. Philippe Lasmel , Temporary Governor of Côte d'Ivoire at the AM2024: Closing Ceremony
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Concludes 2024 Annual Meetings with Enhanced Mandate and Capital Boost to $318 bln

Bank shareholders endorse the creation of an African Credit Ratings Agency

The African Development Bank Group (www.AfDB.org) concluded its 2024 Annual Meetings with a reinforced mandate from its shareholders, allowing it to better align with the evolving global finance architecture and enhance its support for the continent. Over the course of the five-day meetings, held in the Kenyan capital, Nairobi, shareholders…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina, African Development Bank President Group (1)
    • Dr. Akinwumi Adesina, African Development Bank President Group (2)
    • “Africa will be the pivotal continent in the world, given its economic prospects”—African Development Bank Group President
    • Alex Vines OBE, Director of the Africa Program at Chatham House (left), welcomes Akinwumi Adesina, President of the African Development Bank Group, for his lecture entitled “Promising economic prospects in Africa”, on Friday 7 June 2024
    • More than 150 guests, including diplomats from over 18 African countries, the Commonwealth Secretariat, academics, trade bodies and media representatives attended the event
    • Mr Adesina said fairer credit ratings for African countries could save at least $75 billion a year in debt service payments.
    • “Africa is essential for the future of the world. It is a vision that Africa deserves and it is a vision that we will achieve,” said Mr. Adesina
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Source: African Development Bank Group (AfDB) |

“Africa will be the pivotal continent in the world, given its economic prospects”—African Development Bank Group President

Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasizing Africa’s untapped potential and abundant opportunities

Financing is key to unlocking Africa’s development opportunities; Dr Adesina tells Chatham House: “Africa can no longer be ignored.” In a packed auditorium at the renowned Chatham House, African Development Bank President Group Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and…

African Development Bank Group (AfDB)

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    • African Development Bank, African Union, United States Government, International Fund for Agricultural Development, CGIAR advance ties to boost Africa’s food production
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Union, United States Government, International Fund for Agricultural Development, CGIAR advance ties to boost Africa’s food production

The African Union Commission-mandated Soil Initiative for Africa is a framework effort to systematically improve Africa’s soil health and productivity

Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food systems based on diverse, nutritious, and climate-adapted crops grown in healthy soils. On the sidelines of the African Fertilizer and Soil Health Summit in…

African Development Bank Group (AfDB)

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    • Dr Akinwumi Adesina, African Development Bank President
    • 2024 Annual Meetings: Africa’s Voice Needs to be Heard, Says African Development Bank President
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Source: African Development Bank Group (AfDB) |

2024 Annual Meetings: Africa’s Voice Needs to be Heard, Says African Development Bank President

Adesina told more than 150 journalists covering the Bank’s Annual Meetings in Nairobi that the Global South is becoming much more important and that as a result the global financial architecture needs to change

African Development Bank President Dr Akinwumi Adesina (www.AfDB.org) says the world is changing and Africa needs to be at the table. Adesina told more than 150 journalists covering the Bank’s Annual Meetings in Nairobi that the Global South is becoming much more important and that as a result the global financial…

African Development Bank Group (AfDB)

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    • Senior Director Chinelo Anohu (second left) with Aly-Khan Jamal, Partner at the Boston Consulting Group (left), Cygnum Capital Executive Director Chris Kandie and SEFA head Joao Duarte Cunha (right) during a roundtable on making African infrastructure projects more bankable
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Bankability Series showcases Innovative Approaches to Attract Global Capital to Africa

The Africa Investment Forum’s annual Market Days event brings together transaction sponsors, investors and governments in Board Rooms to move deals toward bankability

The Africa Investment Forum has launched a series of investment roundtables to overcome Africa's project bankability challenges and, ultimately, bridge its infrastructure investment gap. The Roundtables will showcase key players currently focused on project development and bankability in Africa. Held on the sidelines of the African Development Bank's 2024 Annual…

African Development Bank Group (AfDB)

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    • Centenary Rural and Development Bank’s Benoni Okwenje (left) and Michael Jingo (right) accept the award, announced by AfDB Vice President Dr. Beth Dunford (centre)
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Centenary Rural and Development Bank named Affirmative Finance Action for Women in Africa initiative’s “AFAWA Bank of the Year” at African Banker Awards

The AFAWA award recognizes financial institutions’ outstanding achievements towards closing Africa’s $49 billion gender access to finance gap

A Kampala-based commercial bank with a “mission critical focus” to provide financial services to vulnerable women entrepreneurs has been named the “AFAWA Bank of the Year” at the African Banker Awards. Centenary Rural and Development Bank picked up the honor named after African Development Bank’s Affirmative Finance Action for Women…