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African Development Bank Group (AfDB)

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    • Pierrette Kouakou, CEO of Fin’Elle (2nd from right), a key AFAWA partner and recipient of part of the $1 billion in resources to reduce the gap in access to finance for Africa’s women entrepreneurs. AFAWA-backed entrepreneur Clementine Kassi (far right), Esther Dassanou, AFAWA Manager (2nd from left), Benard Chitunga, AFAWA (far left), with Sophie Chassot, Gender Expert, French Ministry of Foreign Affairs (center). Paris, November 2022
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa

AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa Food Summit)

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) (http://bit.ly/3sggisg) initiative has reached a landmark $1 billion in approved funding designated for lending to African  women entrepreneurs. This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges…

African Development Bank Group (AfDB)

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    • L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d'Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa's Macroeconomic Performance and Outlook
    • Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report
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Source: African Development Bank Group (AfDB) |

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report

African Development Bank’s new report calls for bold policy actions to help African economies mitigate compounding risks

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s…

African Development Bank Group (AfDB)

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    • Winners of a previous AgriPitch Competition, pictured with African Development Bank and competition partner officials, receive big checks to fund their businesses
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Source: African Development Bank Group (AfDB) |

The African Development Bank Group’s $140,000 AgriPitch Competition names 25 finalists vying for top prizes

The AgriPitch Competition is a central and recurring activity of the African Development Bank’s ENABLE Youth Program

Twenty-five youth-led agriculture sector companies from 14 African countries have advanced to the finalist round of the African Development Bank (www.AfDB.org) Group’s 2022 AgriPitch Competition. The Bank, in collaboration with the implementing lead Private Equity Support and partner organizations Eldohub and the Private Finance Advisory Network, announced the 25 finalists…

African Development Bank Group (AfDB)
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African Union Member States Pledge to Improve Nutrition and Food Security in Africa

African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the signing of an “Abidjan Declaration”

African Union Member States meeting in Abidjan have called on governments to speed up investment, coordination and implementation of programs to improve nutrition and food security in Africa. African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the…

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

African Leaders and United States (U.S.) Government Affirm Commitment to Nutrition Investment for Africa on Margins of United States (U.S.)-African Leaders Summit

U.S. Government is committing $760 million to expand and scale agricultural programs that support farmers and communities around the world hit by rising food, fuel, and fertilizer prices

African leaders and the United States government have underlined the the need for increased investment and prioritization of nutrition across the African continent. The African Development  Bank through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission convened a high-level discussion on 12 December, on…

African Development Bank Group (AfDB)

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    • For 20222-2027, the African Development Bank's main objective is to support Mauritius' ambitions to become a high-income country by 2030
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

The Bank aims to promote private sector development to foster and build a more productive, sustainable, inclusive and resilient Mauritian economy

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the…

African Development Bank Group (AfDB)

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    • Partners launching the report. From left are Ms. Ahunna Eziakonwa, the UNDP Assistant Administrator and Director of Regional Bureau for Africa, Dr. Hanan Morsy, Deputy Executive Secretary of ECA, Ms. Amanda Serumaga, UNDP Resident Representative for Mauritius and Seychelles, and Prof. Kevin Urama, the Acting Chief Economist and Vice-President of AfDB.
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Source: African Development Bank Group (AfDB) |

New Report Shows Need for Greater Action if Africa is to Hit Sustainable Development Goals (SDG), Agenda 2063 Targets

Building Back Better from the Coronavirus Disease, While Advancing the Full Implementation of the 2030 Agenda for Sustainable Development evaluates Africa’s progress towards the SDGs

The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in…

African Development Bank Group (AfDB)

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    • From left: Vanessa Ushie, Arona Soumare, Jo Mulongoy , Prudence Galega, Ousseynou Kasse, Jeanne Ntain and Innocent Maloba
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Source: African Development Bank Group (AfDB) |

Convention on Biological Diversity Conference of Parties (CBD COP15): New African Development Bank, Worldwide Fund for Nature (WWF) study calls for urgent attention and increased investment in Africa’s biodiversity

The assessment, launched on the sidelines of the UN Biodiversity summit (COP15) in Montreal, Canada, is based on the 6th National Reports on biodiversity submitted by African countries in 2018 -2020

The  African Development Bank (www.AFDB.org) and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020 (https://bit.ly/3Wi56by). The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building,…

African Development Bank Group (AfDB)

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    • Daf'Allah Mohamed Ahmed is one of more than 1,400 farmers and stakeholders taking part in the TAAT program, set to expand under the African Emergency Food Production Facility program for Sudan approved by the African Development Bank Board
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Source: African Development Bank Group (AfDB) |

Sudan: African Development Bank Group commits nearly $74 million to boost wheat production

Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national…

African Development Bank Group (AfDB)

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    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (1)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (2) (FR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (3) (PT)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (4) (AR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa

The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects

African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the…