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African Development Bank Group (AfDB)

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    • Hamburg Sustainability Conference spotlights youth entrepreneurship in Africa, African Development Bank Group support for continent’s youth-led small and medium enterprises
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Source: African Development Bank Group (AfDB) |

Hamburg Sustainability Conference spotlights youth entrepreneurship in Africa, African Development Bank Group support for continent’s youth-led small and medium enterprises

The session was followed by a roundtable to stimulate networking between development institutions and African innovators

African youth entrepreneurs supported the by African Development Bank Group (www.AfDB.org) took center stage at the Hamburg Sustainability Conference on Monday. During a session, titled “Empowering Young Entrepreneurs in Africa," executives of the African Development Bank and its partner the African Guarantee Fund (http://apo-opa.co/3Y78rMT), as well as young African business leaders…

African Development Bank Group (AfDB)

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    • Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway
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    • Discours de M. Akinwumi A. Adesina, président du Groupe de la Banque africaine de développement
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Source: African Development Bank Group (AfDB) |

Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway

The European Investment Bank will be a partner in the Foundation’s regional biosimilars program for the production and innovation of relevant biosimilars in Africa

Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for the Foundation’s operationalisation. The Foundation also signed a memorandum of understanding with the European Investment…

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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    • From left to right: Akinwumi Adesina, President of the African Development Bank Group; Ajay Banga, President of the World Bank Group; Kristalina Georgieva, Managing Director of the International Monetary Fund; Gilbert Houngbo, Director-General of the International Labour Organization; Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development; Ngozi Okonjo-Iweala, Director-General of the World Trade Organization
    • Left: African Union Commission Chairperson Moussa Faki Mahamat; right: Azali Assoumani, President of The Union of the Comoros and Chair of the African Union
    • “I commend Chancellor Olaf Scholz for convening the Compact with Africa Conference”, said African Development Bank Group President Akinwumi Adesina (left)
    • Meeting 40 young African entrepreneurs and innovation champions, the African Development Bank President announced plans to set up an executive advisory body dedicated to nurturing young African entrepreneurs and startups in Africa
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (1)
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (2)
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (3)
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (4)
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (5)
    • Germany pledges 4 billion Euros in Africa’s green energy: AfDB President calls for enhanced partnership (6)
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Source: African Development Bank Group (AfDB) |

Germany pledges 4 billion Euros in Africa’s green energy: African Development Bank President calls for enhanced partnership

The conference with African leaders was “the starting signal for stronger, reliable cooperation between Africa and Europe to realise climate-friendly energy supply based on green hydrogen”

The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi…

African Development Bank Group (AfDB)
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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…

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    • (L-R) Helmut Gauges, Kfw Head of Financial Cooperation in Subsaharan Africa with African Development Bank Vice-President and Chief Financial Officer, Hassatou N’Sele. Berlin, 5 July 2023
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Source: African Development Bank Group (AfDB) |

Germany provides €10 million to NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) to boost infrastructure development in Africa

Germany’s support will bolster NEPAD-IPPF’s efforts towards priority areas such as green, climate-smart infrastructure and a stronger focus on the second Priority Action Plan

The African Development Bank (www.AfDB.org) and KfW (https://apo-opa.info/3NGuTHv), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), today announced the replenishment of the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) (https://apo-opa.info/3PRCFB0) Special Fund, which aims to boost regional infrastructure in Africa. The German Government will provide…

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    • African Development Bank Group President Akinwumi Adesina greets German State Secretary for Economic Cooperation and Development Jochen Flasbarth
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Conference of the Parties (COP27): Germany commits €40 million to African Development Bank Group’s Climate Action Window initiative for fragile African states

The High Ambition Coalition organized the session titled, Putting good quality adaptation finance in the spotlight at COP27

Germany has committed €40 million to the African Development Bank Group's (http://www.AfDB.org) Climate Action Window (http://bit.ly/3TJVww8) , German State Secretary for Economic Cooperation and Development Jochen Flasbarth has announced.  The contribution is to support climate adaptation in fragile African states. Flasbarth made the announcement during a ministerial panel for climate-vulnerable…

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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Source: African Development Bank Group (AfDB) |

We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

African Development Bank Group (AfDB)
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Germany commits €100 million to SEFA to unlock private investment in renewable energy

The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 September as part of the UN General Assembly

The German government will contribute €100 million to the African Development Bank’s (AfDB.org) Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/2Y4JEOb), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy,…

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

International community must act to avert a two-speed global economic recovery post Covid-19

The Compact with Africa is a G20 initiative that promotes private investment in Africa

Heads of international development institutions held a closed-door session with German Chancellor Angela Merkel on Thursday to discuss the uneven global economic recovery, access to vaccines, and strategies to drive a recovery from the Covid-19 crisis. Merkel was joined by the heads of the African Development Bank, World Trade Organization,…