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African Development Bank Group (AfDB)

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    • Guinea Bissau: African Development Bank Group president announces $30 million package for infrastructure, budget and governance support
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Source: African Development Bank Group (AfDB) |

Guinea Bissau: African Development Bank Group president announces $30 million package for infrastructure, budget and governance support

The African Development Bank’s initiatives are helping to advance the African Union’s 2063 Agenda in Guinea-Bissau

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina has announced a financial package of $30 million dollars to the West African nation of Guinea -Bissau. Adesina made the announcement on Friday during a visit to Bissau, where he met President Umaro Sissoco Embaló and senior government officials. Discussions…

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

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

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

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries

The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in…

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

Guinea Bissau: African Development Fund approves $9.8 million to Guinea-Bissau for COVID-19 relief and resilience

Guinea Bissau has been affected by the COVID-19 pandemic which has led to food shortages, economic pressure and reduced livelihood opportunities in the West African nation

The Board of Directors of the African Development Fund have approved a $9.8 million grant to Guinea Bissau for its national Control Support Project (PALPC), aimed at reducing the spread of the COVID-19 virus and boosting the resilience of health system and communities, especially the most vulnerable. Guinea Bissau has…

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

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

African leaders on Tuesday reaffirmed their support for the African Development Bank Group (https://www.AfDB.org/) and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of…

African Development Bank Group (AfDB)

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Source: African Development Bank Group (AfDB) |

Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term

Adesina – “Let us move forward, driven by the power of our mission, inspired by the primacy of our vision and emboldened by the strength of our togetherness”

“Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa...The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank.” With these powerful words President of the African Development Bank Group (www.AfDB.org),…

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

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report was published during a virtual launch

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information…

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

Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum

The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance

The African Development Bank (http://www.AfDB.org) presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products…

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

Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development

The Portuguese Government has allocated Euro 400 million in guarantees and other risk sharing mechanisms in the 2019 national budget to support the implementation of the Compact

The African Development Bank (AfDB.org) and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa, known as PALOPs. Equatorial Guinea is the sixth and final PALOP country…

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

UN General Assembly: strong plea to boost food security through South-South cooperation

The African Development Bank has launched the Technologies for African Agricultural Transformation (TAAT) to help take technologies to scale for millions of farmers across Africa

Leaders gathering for the United Nations General Assembly from 17-30 September 2019 in New York have made a strong plea for enhanced South-South cooperation to strengthen food security during a session co-hosted by the African Development Bank (https://AfDB.org/en). Speaking as part of this session on the role of South-South cooperation…