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African Development Bank Group (AfDB)

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    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th…

African Development Bank Group (AfDB)

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    • Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days

Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close

A group of top African investors made a stop in Casablanca, Morocco, on Tuesday, November 12 to mobilise Moroccan investors and business leaders a few weeks ahead of the Africa Investment Forum’s Market Days event. The Africa Investment Forum, an initiative of the African Development Bank Group and eight other…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

African Development Bank Group (AfDB)

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    • Dr Akinwumi Adesina (left) and President Samia Suhulu Hassan of Tanzania discuss bold measures to feed Africa during the World Food Prize Norman E Borlaug Dialogue. Iowa, October 2024
    • Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa
    • Dr Akinwumi Adesina, the President of the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa

Each youth is given 10 acres of land and is supported by training, already 11,000 have benefitted and this year’s harvest has begun

Tanzania achieves 128% food self-sufficiency, one of continent’s two successful cashew nut processors If you are not investing in Africa, what are you doing? – Akinwumi Adesina Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina (center left) with TDB President Admassu Tadese during a meeting of AIF founding partners in Washington, DC October 2024
    • Meeting of AIF founding partners in Washington, DC October 2024
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum welcomes Arab Bank for Economic Development in Africa (BADEA) as new partner ahead of the December Market Days in Rabat

The 2024 Market Days will take place from 4-6 December 2024 in Rabat, Morocco, under the theme: “Leveraging Innovative Partnerships for Scale”

The Arab Bank for Economic Development in Africa (BADEA) has joined the Africa Investment Forum (www.AfricaInvestmentForum.com) as a founding partner, marking a new phase in the Forum’s expansion and influence as a catalyst for mega investments into the continent. The official announcement came during a breakfast meeting of heads of the Africa…

African Development Bank Group (AfDB)

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    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (1)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (2)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Asian Development Bank sign $1 billion exchange exposure agreement to increase development lending capacity to African nations

New exposure exchange agreement will offer a countercyclical capital buffer

The African Development Bank (www.AfDB.org) and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, signed on the sidelines of the IMF /World Bank Annual Meetings in…

African Development Bank Group (AfDB)

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    • Dr Kevin Kariuki, Africa Development Bank Vice President for Power, Energy, Climate and Green Growth
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Source: African Development Bank Group (AfDB) |

Ninth Africa Energy Market Place (AEMP) held in Dar es Salaam ahead of key Africa Heads of State Energy Summit scheduled for 28 January in Tanzania

The summit will convene heads of state and government, ministers, international and regional organisations, and other partners, including the private sector

Further to an April 2024 pledge by the Presidents of the African Development Bank (www.AfDB.org) and the World Bank to bring electricity access to 300 million people in Africa by 2030, the Tanzanian port city of Dar es Salaam has been selected to host an Africa Heads of State Energy…

African Development Bank Group (AfDB)

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    • AfDB Vice-President Solomon Quaynor (second from right) with, from right, AfDB Director Issa Maman-Sani , Seynabou Ba, Founder, ESG Africa, Frederic Wiltmann, Head of Project Team, MCDF, MFW4A Partnership Coordinator Marina Finken and AfDB Project Manager Uche Duru
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Source: African Development Bank Group (AfDB) |

Environmental, Social and Governance Disclosure is Critical for Africa’s Sustainable Development -- African Development Bank Group (AfDB) Vice-President (VP) Quaynor at Inaugural Africa Environmental, Social and Governance (ESG) Forum

The forum aims to catalyze collaboration and knowledge sharing on ESG issues, paving the way for the establishment of a centralised Africa ESG Information Disclosure Hub

“The importance of ESG disclosure for attracting finance for sustainable development in Africa cannot be overstated. It is no longer an optional add-on; it is a necessity if Africa is to thrive and not just survive in the 21st century,” stated Solomon Quaynor, African Development Bank Group (www.AfDB.org) Vice-President in…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (left) presents a commemorative publication on the Policy and Human Resource Development Grant to Japan's Vice Minister of Finance for International Affairs, Atsushi Mimura
    • Mary Yeboah
    • Glory and Angelinah
    • Meeting with JIBC
    • PRST at Keizai group
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Source: African Development Bank Group (AfDB) |

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024

The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of  the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan  in 1994.The initiative has contributed significantly to the development of Africa's human capital, supporting over 100 transformational projects across various sectors. Presenting a…

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

Nigeria: African Development Bank Approves $100 Million to Support Youth and Women-led Micro, Small and Medium Enterprises (MSME)

Approval kickstarts rollout of Youth Entrepreneurship Investment Bank (YEIB) initiative in partnership with government of Nigeria

The African Development Bank (www.AfDB.org) has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment Bank (YEIB) initiative. The Nigeria YEIB is a pioneering institution designed to foster economic growth and job creation in the…