Source: African Development Bank Group (AfDB) |

African Development Bank President Akinwumi Adesina receives Emeka Anyaoku lifetime achievement award

The Hallmarks of Labour Foundation presented the Outstanding International Icon Award to Adesina at a ceremony held in Lagos on October 6th

Former Commonwealth Secretary-General Emeka Anyaoku has presented a Lifetime Achievement Award to the African Development Bank (AfDB.org) President Akinwumi Adesina, describing him and the Bank’s work as “ legendary, unprecedented and worthy of emulation.” The Hallmarks of Labour Foundation presented the Outstanding International Icon Award to Adesina at a ceremony…

Source: African Development Bank Group (AfDB) |

Save The Date: All set for second Africa Investment Forum

The 2019 Forum will bring together project sponsors, pension funds, sovereign wealth funds, private investors, policy makers, private equity firms, and heads of government

What: 2019 Africa Investment Forum Who:  African Development Bank, Partners When: 11-13 November 2019 Where: Sandton Convention Centre, Johannesburg, South Africa The second edition of the Africa Investment Forum, a game-changer to tilt capital flow into the continent, will take place from 11-13 November 2019 at the Sandton Convention Centre in Johannesburg, South…

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

African Development Bank and partners launch pilot Cities Diagnostics tool in five cities

The tool includes key environmental and urban sustainability indicators as well as disaster risk and vulnerability, and urban footprint growth

“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa, held on the 25th and 26th September 2019 in Abidjan. Five cities were chosen for…

Source: African Development Bank Group (AfDB) |

Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya. The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan. The total…

Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA) 2019: Young Africans will “produce the magic” says AU chief as the UN sounds warning on Sustainable Development Goals

The Bank has invested more than $150 million in building technology hubs in Rwanda, Senegal and Cabo Verde

Leaders should devise an “incentive structure” to promote a startup culture among young Africans. “I think they will produce the magic,” Albert Muchanga, the African Union’s Commissioner for Trade and Industry, told a gathering on infrastructure at the United Nations on Wednesday. Muchanga said colleagues were working to “harmonise our…

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Source: African Development Bank Group (AfDB) |

UN, African Development Bank High-Level Meeting calls for Speed and Action on Sustainable Development Goals (SDGs)

The leaders called for additional resources to drive the urgent task of Africa's development

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective…

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Source: African Development Bank Group (AfDB) |

Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development

Electricity, transport, and health identified as key priorities

Japan and the African Development Bank (www.AfDB.org) on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each,…

Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD7): Digital Agriculture next frontier for economic development in Africa

“There’s risk, yes, but there are juicy returns, now is the time for all of us to run in that direction.” - Jennifer Blanke

Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. The seminar headlined “The Digital Africa 2020 and Japanese investment Panel: Creating markets to digitize Africa,…

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

Africa Investment Forum 2019: Nigeria expected to be major player

The African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November

Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace…

Source: African Development Bank Group (AfDB) |

“Join Africa50 to lay the foundations for a more prosperous Africa,” African Development Bank urges

Africa50 is an innovative fund for developing and financing African infrastructure

African governments must explore innovative technologies to drive transformation on the continent, board members at Africa50’s General Shareholders Meeting, held in Kigali heard on Wednesday. Prime Minister of Rwanda Edouard Ngirente made the call at the opening of the shareholders meeting. “Let’s explore these digital opportunities to move our continent…