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

African Development Bank Business Opportunity Seminar - Investing in partnerships for Africa’s transformation

Ethical business model key to successful project delivery by the African Development Bank - participants

The African Development Bank (www.AfDB.org) held a Business Opportunity Seminar (BOS) focused on strengthening and fostering the engagement of the business sector and of other stakeholders to effectively support investment in infrastructure and human development projects. Seeking strategic alliances and potential business opportunities with the Bank, the participants, private-sector representatives, civil…

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

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives

The Board of the African Development Bank (www.AfDB.org) has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from…

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

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

This intervention will promote local currency infrastructure financing, and further development of the domestic capital market

The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing…

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

African Development Bank Board approves $4.8 million grant to accelerate African free trade

The grant will also assist efforts towards full ratification of the agreement by all AU member states

On 1 April 2019, the Board of the African Development Bank (www.AfDB.org) approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness small and medium-sized enterprises (SMEs) in Ghana and seven other African countries

The Fund finances the project development cost of a broad range of agriculture infrastructure

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue:  African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…

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

African Development Bank President makes strong case for increased U.S. investment in Africa

Sharing his vision on the leading role of the African Development Bank, Adesina urged American businesses to engage more with the continent

Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank (http://www.AfDB.org), Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play…

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

African Development Bank to host Investment Forum Roadshow in Angola

The event will convene traders, experts and financiers in the public and private sector, who seek to invest in Africa’s development

Who:     Country Office of the African Development Bank in Angola What:    Africa Investment Forum Roadshow Where:  AIPEX Auditorium, Investment and Export Promotion Agency (AIPEX), Luanda, Angola When:   10.00 a.m. – 12.00 p.m. 11 April 2019 On 11 April 2019, the African Development Bank (www.AfDB.org), the Investment and Export Promotion Agency…

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

African Development Bank welcomes partners to multilateral development bank (MDB) roundtable to strengthen collaboration on donor relations and fund management

Its goal is to share the most efficient methods for mobilising resources towards the achievement of the Sustainable Development Goals (SDGs)

The African Development Bank Group (www.AfDB.org) hosted 11 sister institutions for the annual multilateral development bank (MDB) roundtable on trust funds and co-financing, held on 28-29 March, 2019.    The aim of the roundtable was to enhance benchmarking across the development finance institutions (DFIs), raise awareness of emerging innovative approaches to…

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

World Health Day 2019: African Development Bank joins the global call for universal health coverage for all

World Health Day 2019 is a timely opportunity to focus on the inclusion of Africa’s health work force in the development agenda

On the occasion of World Health Day 2019 (https://bit.ly/2TV1ImS), the African Development Bank Group (www.AfDB.org) is renewing its call for firmer commitment to pledges made by countries for universal health coverage for all individuals and communities. In a statement issued Sunday 7 April 2019, Oley Dibba-Wadda, Director of Human Capital,…

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

African Development Bank approves $20 million investment in Uhuru Growth Fund, building regional champions across West Africa

Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region

The African Development Bank (https://www.AfDB.org) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle market businesses across West Africa.  Uhuru Partners Limited is composed of an experienced indigenous team with strong local…