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

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

African Development Bank Group (AfDB)

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    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - FR
    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - EN
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Source: African Development Bank Group (AfDB) |

Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group

The Panel concurs with the Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee

The High-Level Panel comprising of Mrs. Mary Robinson, former President of Ireland (Chair), Justice Hassan B. Jallow, Chief Justice of the Gambia (Member) and Mr. Leonard F. McCarthy, President, LFMcCarthy & Associates (Member) was announced on 1 July 2020. The High-Level Panel was given a period of two to four…

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

African Development Bank approves $53 million multi-country grant for COVID-19 response in Gambia, Liberia and Sierra Leone

The grant from the African Development Fund (ADF) aims to mitigate the impact of COVID-19 in The Gambia, Liberia and Sierra Leone

The African Development Bank’s (www.AfDB.org) Board of Directors on Friday approved a UA 38.15 million ($53.25 million) multi-country grant to The Gambia, Liberia and Sierra Leone in the form of direct budget support to bolster efforts to fight the COVID-19 pandemic in the three West African countries. The grant from…

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

Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of today 1 July 2020 regarding the Whistle-Blowers’ Complaint against the President of the Bank Group

The Bureau expresses its utmost trust and confidence in the Panel’s ability to successfully carry out this important assignment

a) The Bureau recalls its Communiqué issued on June 4th 2020 informing the general public of its decision to authorize an Independent Review of the Report of the Ethics Committee of the Boards of Directors relative to the allegations made by Whistle blowers against the President of the Bank Group.…

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

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the…

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

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…

African Development Bank Group (AfDB)

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    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…

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

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

Trudeau called for cooperation among international partners and governments to create economic opportunity and prosperity that is broadly shared

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.  Trudeau, the 2020 chair of the United Nations…

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

‘Let West Africa’s success echo throughout the world.’ Economic Community of West African States (ECOWAS) hails the success of African Development Bank investments in the region

The region’s economy is showing positive achievements, reaching 3.3 percent growth in 2019

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said…

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

African Development Bank President Adesina confident of “very promising future” for continent

The Bank expects growth of 4% this year and 4.1% in 2020

"The future of our continent is looking very promising indeed," African Development Bank Group (www.AfDB.org) President Akinwumi Adesina declared in the opening words of his address to diplomats  at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019 (https://bit.ly/2yXn4pr), which noted that…