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African Development Bank Group (AfDB)

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    • Japan’s Deputy Vice Minister of Finance for International Affairs, Mr. Daiho Fujii (left) with Ms. Ayisha Fuseini, owner of Asheba Enterprise and one of the beneficiaries of FAPA funded project, the Ghana SME Business Linkage
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Source: African Development Bank Group (AfDB) |

Joint African Development Bank- Government of Japan Visit to Fund for African Private Sector Assistance (FAPA)-Funded Projects in Ghana

Propelling Sustainable Private Sector Development through collaboration

The African Development Bank (www.AfDB.org) and the Government of Japan recently concluded a joint visit to two projects funded by the Fund for African Private Sector Assistance (https://apo-opa.co/4dOF0oP) (FAPA) in Ghana to assess their impact on stimulating the growth of small businesses and boosting private sector development. The Japanese delegation…

African Development Bank Group (AfDB)

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    • Upcyclers, a web-based marketplace digitalizing the e-waste value chain, is a Ghanaian enterprise selected as one of 30 beneficiaries in the first cohort of the African Development Bank-supported AfriCircular Innovators Programme
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Source: African Development Bank Group (AfDB) |

African Development Bank’s AfriCircular Innovators Programme names 30 small and medium enterprises to receive assistance to scale up circular economy solutions

MSMEs represent 80 percent of Africa's businesses, while the circular economy in Africa has the potential to generate 11 million jobs

The African Development Bank-supported (www.AfDB.org) AfriCircular Innovators Programme has selected 30 small and medium enterprises to receive financing and technical assistance to scale up circular economy (https://apo-opa.co/3SZxikc) initiatives. This inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in an online onboarding event on August 9, 2024. The AfriCircular…

African Development Bank Group (AfDB)

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    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (1)
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (2)
    • African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization
    • Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank expresses strong support for African Union (AU) Peace Fund revitalization

The Fund has garnered close to its first target of $400 million, primarily from member state contributions

The African Development Bank (www.AfDB.org) has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address fragility and build resilience across the continent. Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery, said this during a…

African Development Bank Group (AfDB)

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    • AfDB President Adesina in a head-to-head conversation with BADEA president Sidi Ould Tah
    • The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary: Leaders unite to celebrate success, urge increased Africa-Arab economic collaboration
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Source: African Development Bank Group (AfDB) |

The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary: Leaders unite to celebrate success, urge increased Africa-Arab economic collaboration

We need a structured and coordinated partnership that will pool financial resources to address critical issues – Dr. Akinwumi Adesina, African Development Bank

Ghana’s President Nana Akufo-Addo and African Development Bank Group (www.AfDB.org) head Dr. Akinwumi Adesina joined dignitaries from Africa and the Arab world on Sunday for a ‘Leaders’ Breakfast’ celebrating the 50th anniversary of the Arab Bank for Economic Development in Africa (BADEA). The event, held in Accra on the sidelines…

African Development Bank Group (AfDB)

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    • African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent (1)
    • African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Akinwumi Adesina briefs African leaders on Bank’s progress in mobilizing financial resources for the continent

The year began with the African Development Bank successfully launching a globally acclaimed landmark $750 million hybrid capital, the first ever by a multilateral financial institution

The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for the continent’s development needs at the African Union. Addressing heads of state and government at the 6th Mid-Year Coordination Meeting of the AU in Accra, Ghana, Adesina highlighted the Bank’s…

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

Ghana’s New Ship Repair Dock Project Funding Sealed as Financiers Sign $94 MN Syndicated Loan

With this milestone, the project, nicknamed “Shiprite,” has secured the total commitment of all providers for the required $137 million in capital

A consortium, including the African Development Bank (www.AfDB.org), has signed an agreement to extend $94 million in senior debt funding to PMD Assetco Limited (PMD) for the construction and operation of a floating dock ship repair facility in Ghana’s western Takoradi port. Other consortium members are the African Export-Import Bank…

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

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) grant for green jobs in natural resources

The target reach group includes women, youth and people with disabilities/special needs, engaged in managing natural resource sectors such as agroforestry, fisheries and biodiversity

The African Development Bank (www.AfDB.org), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) (https://apo-opa.co/3J81Cnx), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities. The Strengthening Women, Youth and People with Disabilities’ Micro-Entrepreneurship for Green Jobs (https://apo-opa.co/3U9MFqb) in…

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

The African Development Bank launches research project on grain quality grading and certification in Ghana

The project examines whether the proper grading and certification of grains in sub-Saharan African countries could be leveraged to promote investments in grain quality enhancement

The African Development Bank (www.afdb.org/) has launched a three-year research and outreach initiative in Ghana to enhance the cereal value chain development in the country. The Grain Quality Grading and Certification Project is being implemented by the Microeconomics, Institutional and Development Impact Division of the African Development Bank, in partnership…

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

Ghana: African Development Bank approves $23.04 million for modern Floating Dock Facility

The Board also authorized the syndication, on a “best efforts basis”, of additional financing of up to $11 million

The Board of Directors of the African Development Bank (http://www.AfDB.org) has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port. The loan will support the company…

African Development Bank Group (AfDB)

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    • L-R: AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra Leone; and Muhammad Bashar Muhammad, Undersecretary of Economic Planning, Sudan
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Source: African Development Bank Group (AfDB) |

Five African Development Bank (AfDB) regional member countries set to join African Development Fund replenishment

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle

Five African Development Bank (www.AfDB.org) Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the…