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    • Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
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Source: African Development Bank Group (AfDB) |

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Participants said India and Africa should boost efforts to improve access to medicines, including vaccines and other essential drugs to tackle Covid-19 and future pandemics

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar,…

Source: African Development Bank Group (AfDB) |

Indo-Africa Summit panel calls for strong Public-Private Partnerships (PPPs) to close Africa’s infrastructure gap, strengthen trade

The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model for Africa

Panelists at the IMC Indo-Africa Summit called for stronger public-private partnerships to close Africa’s infrastructure gap and speed up intra-continental and world trade. The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model…

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

Africa Offers Asian Business an Abundance of Investment Opportunities, Webinar Participants Learn

The two-hour virtual event, held in English, Korean, and Chinese, offered participants an opportunity to learn more about the Bank and its operations

The African Development Bank (https://www.AfDB.org/) today held a workshop to convey the continent’s immense investment and partnership opportunities to Asian business leaders, particularly as the continent seems poised to return to economic growth in 2021 following the impact of the COVID-19 pandemic. The two-hour virtual event, held in English, Korean,…

Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank approves emergency relief to boost clean-up of marine oil spill

Funding, to be sourced from the Special Relief Fund, will complement ongoing activities by the government of Mauritius, development partners, and other actors

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius. The funding, to be sourced from the Special Relief Fund, will complement ongoing activities…

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‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate…

Source: African Development Bank Group (AfDB) |

After COVID-19, will Africa Catch Up, Stand Still or Fall Further Behind? (By Professor Banji Oyelaran-Oyeyinka)

With this crisis comes an economic disruption of unprecedented proportion

At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. African countries, at just such a crisis point as a result of the novel coronavirus, face three possible outcomes post-pandemic: play catch-up, stand still or fall even further…

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Our collective humanity is at stake: African Development Bank President

He made the call during a global Corporate Council on Africa (CCA) webinar

African Development Bank Group (www.AfDB.org) President Akinwumi Adesina says an accelerated global health and economic effort is needed to overcome the COVID-19 pandemic in Africa. Stating that “one death is one too many” and that “our collective humanity is at stake,” Adesina urged U.S. and African government officials and corporate…

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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…

Source: African Development Bank Group (AfDB) |

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

The total amount of co-financing is expected to be more than $ 1.2 billion when subsequent phases of the project are concluded

Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (https://www.AfDB.org/) board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $400 million to support Mozambique’s ambition to become global Liquefied Natural Gas (LNG) player

Mozambique is expected to become one of the world’s largest LNG exporters and its gas represents an important source of supply diversification

The Board of Directors of the African Development Bank Group (https://www.AfDB.org) on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique. The Mozambique LNG Area 1 Project, ranked Africa’s single largest Foreign…