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African Development Bank Group (AfDB)

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    • Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women
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Source: African Development Bank Group (AfDB) |

Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women

The $4 billion needed annually is a small fraction of the $2.8 trillion invested globally in energy each year

Summit expected to build on ground-breaking clean cooking initiatives launched at COP28; African Development Bank’s Adesina (www.AfDB.org), Tanzanian President Hassan, Norway Prime Minister Jonas Gahr Støre and International Energy Agency Executive Director Fatih Birol to co-chair event. Development partners gathering in Paris on 14 May are expected to pledge towards the…

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

Conference of Parties (COP28): Global and African partners pledge $175m to the Alliance for Green Infrastructure in Africa (AGIA)

The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure…

African Development Bank Group (AfDB)

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    • Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment (1)
    • Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment (2)
    • Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment (3)
    • Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment (4)
    • Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment (5)
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Source: African Development Bank Group (AfDB) |

Climate Action: African Development Bank joins Multilateral Development Banks (MDBs) to publish Principles for Assessment of Paris Agreement Alignment

The MDBs are collaborating to help accelerate the successful transition to a low-carbon and climate-resilient future by supporting appropriate long-term development pathways in line with the goals of the Paris Agreement

The African Development Bank (www.AfDB.org) and other multilateral development institutions have released a set of principles to ensure climate financing aligns with the goals of the Paris Agreement (https://apo-opa.info/44g4ebC). The MDBs are collaborating to help accelerate the successful transition to a low-carbon and climate-resilient future by supporting appropriate long-term development pathways…

African Development Bank Group (AfDB)

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    • AfDB head Dr. Akinwumi A. Adesina with WHO Director General Dr. Adhanom Ghebreyesus Tedros and heads of other multilateral development banks at the launch of the Platfom in Paris on June 23, 2023 (1)
    • AfDB head Dr. Akinwumi A. Adesina with WHO Director General Dr. Adhanom Ghebreyesus Tedros and heads of other multilateral development banks at the launch of the Platfom in Paris on June 23, 2023 (2)
    • African Development Bank, European Investment Bank, Islamic Development Bank and World Health Organization (WHO) launch new investment platform to strengthen primary health care services
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Source: African Development Bank Group (AfDB) |

African Development Bank, European Investment Bank, Islamic Development Bank and World Health Organization (WHO) launch new investment platform to strengthen primary health care services

The Platform will make an initial €1.5 billion available to low- and low-and-middle income countries in concessional loans and grants to expand the reach and scope of their primary health care services

In a landmark development aimed at investing in and strengthening essential, climate and crisis-resilient primary health care services in low- and low-and-middle income countries, three multilateral development banks have joined with the World Health Organization (WHO) to launch the new Health Impact Investment Platform. The Platform, launched during the Summit…

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

African Development Bank, European Union, and France invest $300 million in Tanzania’s Hydropower Project

Kakono Hydropower Project to serve four million inhabitants and spur economic activity in the Kagera Region of Tanzania

The government of Tanzania, the African Development Bank (www.AfDB.org), and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project…

African Development Bank Group (AfDB)

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    • Finance in Common Summit 2022: Five Public Development Banks sign Paris Gender Declaration (1)
    • Finance in Common Summit 2022: Five Public Development Banks sign Paris Gender Declaration (2) (FR)
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Source: African Development Bank Group (AfDB) |

Finance in Common Summit 2022: Five Public Development Banks sign Paris Gender Declaration

Promoting gender equality and women’s empowerment makes absolute economic sense – Malado Kaba

Five new public development banks have signed onto the Paris Development Banks Statement on Gender Equality and Women Empowerment (https://bit.ly/3gsK760) Paris Development Banks Statement on Gender Equality and Women Empowerment. . The new signatories are CAF- Development Bank of Latin America; Development Bank of Rwanda; Cassa Depositi e Prestiti –…

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

African Development Bank Group to Launch New Trust Fund for the Circular Economy

Circular economy principles play a strategic role in advancing the African Development Bank’s High-5 development priorities

The Board of Directors of the African Development Bank (www.AfDB.org) has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets. The Facility (https://bit.ly/3voaQVl), a multi-donor trust fund, will operate over a period…

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

African Development Bank Group and Africa50, in partnership with the African Union Commission and AUDA NEPAD, to create Alliance for Green Infrastructure in Africa with global partners

The key challenge for infrastructure development on the African continent is the dearth of bankable opportunities

The Alliance will: catalyze bankable, greener infrastructure projects at scale and speed; raise up to $500 million of early-stage project development and project preparation capital which aims to generate up to $10 billion in investment opportunities; support the continent’s transition to Net Zero emissions with investments in greener, climate-resilient and…

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    • At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries
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Source: African Development Bank Group (AfDB) |

At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries

The Impact Fund for African Creatives (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector

Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (https://bit.ly/3BpJS1h) (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s…

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

Youth are Africa’s best asset; invest in them – African Development Bank President Adesina

Adesina was speaking at a virtual roundtable at which he presented a novel concept for youth entrepreneurship investment banks

Africa’s underinvested youth are in need of urgent attention  and youth entrepreneurship investment banks must become the focus of global support, the African Development Bank (www.AfDB.org) head Dr. Akinwumi A. Adesina said Monday in a discussion on scaling up financing for the continent’s youth. Adesina was speaking at a virtual…