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African Development Bank Group (AfDB)

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    • The Director General of the Nigeria Country Department, Lamin Barrow (centre left) and the President of the ECOWAS Commission, Omar Alieu Touray (centre right) led the African Development Bank and ECOWAS Commission delegations. Image source: African Development Bank Group
    • The African Development Bank and the ECOWAS Commission conducted consultations to evaluate the Regional Integration Strategy in Abuja from 5 to 15 September 2023. Image source: African Development Bank Group
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Source: African Development Bank Group (AfDB) |

African Development Bank and Economic Community of West African States (ECOWAS) assess regional integration strategy

The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts in West Africa

The Economic Community of West African States (ECOWAS) and the African Development Bank Group (www.AfDB.org) have concluded consultations for the mid-term assessment of the West Africa Regional Integration Strategy Paper (RISP) 2020-2025 (https://apo-opa.info/48mtfVb). The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts…

African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…

African Development Bank Group (AfDB)

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    • 7th Korea-Africa Economic Cooperation (KOAFEC) business forum
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Source: African Development Bank Group (AfDB) |

Adesina to Korean investors: Africa is the leading market frontier with huge untapped potential

Africa is not as risky as you hear - It is a continent of opportunities, waiting to be tapped

African Development Bank (www.AfDB.org) President Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. “Africa is a continent that cannot be ignored by investors,” Adesina said at a business forum attended by CEOs of Korean corporations, heads of…

African Development Bank Group (AfDB)

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    • African Development Bank, Korea sign agreements for additional funding at 2023 KOAFEC
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (1)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (2)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (3)
    • African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Korea sign $28.6 million in grant agreements to support Africa’s development

The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021

The African Development Bank (www.AfDB.org) and the Government of Korea on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million. The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (left) and Korea's Deputy Prime Minister Kyungho Choo at the opening of the 7th Korea-Africa Economic Cooperation Ministerial Conference in Busan
    • 33 African finance ministers, ambassadors, heads of pan-African institutions and NGOs, CEOs and Korean private sector leaders gathered in Busan for the 7th KOAFEC Ministerial Conference
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Source: African Development Bank Group (AfDB) |

Korea and Africa rally additional finance and technology for universal energy access and to make Africa world’s breadbasket

The Korea Trust Fund and the $600 million Korea-Africa Energy Investment Framework will support African countries in strengthening human capacity and developing their energy sectors

The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest city, Busan, on Wednesday with a strong call for additional resources to help African countries achieve universal access to energy and transform the continent into the breadbasket of the world. The conference is taking place at a time…

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

African Development Bank's Sustainable Energy Fund for Africa welcomes $50 million in new commitments from Germany and United States of America at Africa Climate Summit

The contributions will serve to boost its position as one of the continent’s leading climate finance facilities

The African Development Bank's (www.AfDB.org) Sustainable Energy Fund for Africa (SEFA) (https://apo-opa.info/3EfNjLE) welcomes approximately $50 million in new funding contributions from Germany and the United States. The contributions will serve to boost its position as one of the continent’s leading climate finance facilities. The funding was announced on Tuesday 5 September at…

African Development Bank Group (AfDB)

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    • (Left to Right): Governor of Cabo Delgado Province, Valige Tauabo; Minister of Public Works, Housing and Water Resources, Carlos Mesquita; Mozambican President Filipe Jacinto Nyusi, Cabo Delgado Province Secretary of State António Supeia and Country Manager for Mozambique, Cesar Mba Abogo
    • Mozambican President Filipe Jacinto Nyusi
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (1)
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (2)
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (3)
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Source: African Development Bank Group (AfDB) |

Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania

Road to transform lives of millions in Cabo Delgado Province

Mozambican President Filipe Jacinto Nyusi has commissioned a key link road funded by the African Development Bank (www.AfDB.org). Completion of the Negomano-Roma Road, in the country’s northern province, is already enabling communities in the Mueda district of the northern Cabo Delgado region to enjoy improved road conditions, access to health…

African Development Bank Group (AfDB)

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    • India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa (1)
    • India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa (2) (FR)
    • India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa (3) (PT)
    • India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa (4) (AR)
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Source: African Development Bank Group (AfDB) |

India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa

India’s collaboration with ADFI enables the facility to learn from best practices and help scale up initiatives to meet the needs of financially excluded and underserved people in Africa

The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.info/3OqWehA), housed and managed by the African Development Bank (www.AfDB.org), affirming its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa. Globally recognised…

African Development Bank Group (AfDB)

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    • “Good time for Asia businesses to invest in Africa ”, experts say, as African Development Bank presents the 2023 edition of its flagship African Economic Outlook report to Asian markets
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2023: Opportunities abound for Asian investors in Africa, experts

The African Development Bank organized the session jointly with the Korea Institute for International Economic Policy (KIEP) in Sejong-Si, Korea

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group (https://www.AfDB.org/fr), has affirmed. Urama made the call during a webinar to discuss the 2023 edition of the African Economic Outlook…

African Development Bank Group (AfDB)

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    • Portuguese Foreign Affairs Minister João Gomes Cravinho (7th from left) with AfDB Senior Vice President Swazi Tshabalala( to his immediate right) and their teams. African Development Bank HQ , Abidjan, 4 July 2023
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Source: African Development Bank Group (AfDB) |

Portugal affirms partnership with African Development Bank and Lusophone Compact

The parties discussed their mutual relationship and the Lusophone Compact agreement signed between the African Development Bank, the government of Portugal and six Portuguese speaking African countries

Portuguese Foreign Affairs Minister João Gomes Cravinho has affirmed his country’s continuing support for the African Development Bank (www.AfDB.org) during a meeting at the Bank’s headquarters in Abidjan. Portugal has been a non-regional member of the Bank since 1983. Cravinho met with African Development Bank Group Senior Vice President Swazi Tshabalala…