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African Development Bank Group (AfDB)

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    • Intermediate cities represent about 15% of the African population. But their growth is accelerating
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Source: African Development Bank Group (AfDB) |

Africities 2022 Summit: Backbone of the continent, intermediary cities absorb most of the urban population growth, according to a report co-led by the African Development Bank

By 2040, two-thirds of the people who move to urban areas will be moving to intermediary cities

On the occasion of the Africities 2022 Summit, taking place from May 17 to 21, in Kisumu (Kenya), the African Development Bank (www.AfDB.org) and Cities Alliance released on Wednesday in Nairobi (Kenya), a major report entitled "Dynamics of Secondary Cities in Africa: Urbanization, Migration and Development" which provides a comprehensive…

African Development Bank Group (AfDB)

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    • Ghana’s Finance Minister Kenneth Ofori-Atta, current chair of the African Development Bank Group’s Board of Governors, speaking Thursday ahead of the Bank Group’s 2022 Annual Meetings, being held in Accra from 23-27 May. (Photo credit: AfDB 12/05/22)
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Source: African Development Bank Group (AfDB) |

African Development Bank Annual Meetings 2022: Time to tackle triple crises of food, energy and finances, says Ghanaian Finance Minister

41 African economies face dreaded three f’s: food, fuel and finance conditions – Ghanaian Finance Minister Ken Ofori-Atta

Ghanaian Finance Minister Ken Ofori-Atta on Thursday emphasized the nation’s partnership with the African Development Bank (www.AfDB.org) in its development as he addressed journalists at a press conference to publicize the institution’s upcoming annual meetings. Ofori-Atta described the meetings as seminal, in the context of a world seeking to rebalance…

African Development Bank Group (AfDB)

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    • Rishabh Khanna, Chief Impact Officer, Earthbanc; Luc Gnacadja, Co-Chair of the Adaptation Benefits Mechanism Executive Committee; Camilla Nordheim-Larsen, Senior Partnerships and Resource Mobilization Coordinator, UNCCD; Gareth Philips, Climate and Environment Finance Manager at the African Development Bank; Dr. Peter Minang, Director for Africa of the International Agroforestry Center
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Source: African Development Bank Group (AfDB) |

CORRECTION: COP15: Global GDP could gain $140 trillion a year, if we achieve the objectives of the UN Convention to Combat Desertification

The Sustainable Development Goal for Life on Land is least funded, but can contribute most to resilience

The global economy could increase by more than $140 trillion a year [1], or 1.5 times the annual global GDP, if the objectives of the United Nations Convention to Combat Desertification (UNCCD) are achieved, participants heard during a side-event at the 15th summit of the UNCCD. Camilla Nordheim-Larsen, Senior Partnerships…

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

Is Africa ready for green growth? New report assesses Gabon, Kenya, Morocco, Mozambique, Rwanda, Senegal and Tunisia

The findings are based on nine strategic and operational dimensions, including political commitment, policy and planning, and financing & budgeting

A new report co-authored by the African Development Bank (www.AfDB.org) and the Global  Green Growth Institute, has found evidence of growing political commitment to green growth in Africa. The Africa Green Growth Readiness Assessment Report was launched on Wednesday during a side-event at the 15th session of the Conference of…

African Development Bank Group (AfDB)

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    • Participants who attended a workshop on addressing land degradation and ecosystem restoration through transformative projects and programs
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Source: African Development Bank Group (AfDB) |

West Africa gets ready for desertification COP15

The two-day sessions focused on financing opportunities that have the potential to deliver transformative projects and programs to boost the Great Green Wall initiative in West Africa

West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration. The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from…

African Development Bank Group (AfDB)

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    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana
    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

The physical sessions will take place at the Accra International Conference Centre

Ghana will host the African Development Bank Group’s 2022 Annual Meetings (AM.AfDB.org) from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online.…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (1)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (2)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (3)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (4)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Head Celebrates Food ‘Milestone for Africa’ at the Launch of First Special Agriculture Industrial Zone in Mozambique

As war in Ukraine threatens Africa’s food supplies, African Development Bank head says agricultural zones hold the key

African Development Bank head Akinwumi A. Adesina (www.AfDB.org) joined President of the Republic of Mozambique Filipe Jacinto Nyusi, to launch the “milestone” Pemba-Lichinga Integrated Development Corridor on Saturday, in Mozambique’s northern Niassa province. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Akinwumi Adesina begins official visit to South Africa

Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders

African Development Bank head Dr. Akinwumi A Adesina (www.AfDB.org) is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest (1)
    • Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest (2)
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest

The three-day virtual boardroom meetings showcased 40 projects across several sectors

The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world…

African Development Bank Group (AfDB)

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    • Right: H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation; left: Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (1)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation, and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (1)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (2)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation (right), and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (2)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (3)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank delegation in Egypt to ensure success of COP27

COP 27 is scheduled for November 2022 in the coastal city of Sharm El Sheikh

African Development Bank (www.AfDB.org) Vice President Dr. Kevin Kariuki will lead a delegation to Egypt, the host country for this year’s United Nations Climate Change Conference 2022, for exploratory talks on how the Bank and Egypt can collaborate to make COP27 a truly breakthrough event for people and planet.  COP…