Source: African Development Bank Group (AfDB) |

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel

The Sahel region's Great Green Wall Initiative received a major boost from the African Development Bank (www.AfDB.org) on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years,…

Source: African Development Bank Group (AfDB) |

Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit, January 11, 2021

The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation

By Dr. Akinwumi Adesina, President of the African Development Bank Group (www.AfDB.org) Your Excellency, President Emmanuel Macron, His Royal Highness Prince Charles, the Prince of Wales, Your Excellency President Ghazouani of Mauritania, Excellencies, distinguished ladies and gentlemen. I wish to thank President Macron for inviting me to this One Planet Summit’s Great Green…

Source: African Development Bank Group (AfDB) |

The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals

The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa.  MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean,…

Source: African Development Bank Group (AfDB) |

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility

The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to…

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

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant

The African Development Bank’s (www.AfDB.org) Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa [SEFA (https://bit.ly/3r9hP1s)] and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) technical assistance to transform mini-grid investment in Africa

Africa Mini-Grid Market Acceleration Programme (AMAP)’s overarching aim is to transform the scale of public and private investments in renewable energy mini-grids throughout Africa

The Board of Directors of the African Development Bank (www.AfDB.org) have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration…

Source: African Development Bank Group (AfDB) |

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries

The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in…

Source: African Development Bank Group (AfDB) |

Africa must risk capital for its youth, Adesina urges

Adesina engaged in discussion which covered three areas: the current state of affairs with respect to COVID-19 and climate change, stimulus policies and recovery, and the role of the private sector in terms of recovery

Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset, African development Bank (www.AfDB.org) President Akinwumi Adesina said at a Conference of Montreal fireside chat event. The three-day virtual event was organized by the international economic forum of the Americas, under the theme, a…

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

African Development Bank, 11 leading Multilateral Development Banks, IMF launch first joint report on financing the sustainable development goals

“To accelerate Africa’s development, we will continue joining investment hands across the globe” - Adesina

The African Development Bank (www.AfDB.org) joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Thursday in launching a first-ever joint report on financing the Sustainable Development Goals (SDGs). Download report: https://bit.ly/2K9Gcem The launch took place during a virtual ceremony attended by the heads of…

Source: African Development Bank Group (AfDB) |

President’s Remarks at the 5th Annual Meeting of the Africa Economic Zones Organization (AEZO) December 3, 2020

The African Development Bank has been very responsive in supporting countries to address the pandemic in Africa

I wish to thank the Africa Economic Zones Organization for inviting me to speak to you at your fifth Annual Meeting. You are meeting at a time of great challenges with the COVID-19 pandemic. The pandemic has claimed too many lives and slowed down global growth, trade and investments. The African…