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African Development Bank Group (AfDB)

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    • Participants at the recent Africa Co-Guarantee Platform meeting held in Cairo
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Source: African Development Bank Group (AfDB) |

Africa Co-Guarantee Platform Partners Reaffirm Commitment to Catalyzing Trade and Investment

The partners pledged to extend direct transaction support for specific projects, including infrastructure development and optimizing balance sheets by sharing risk

Amid rising urgency for instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (https://bit.ly/3BViQAd) (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.  The partners pledged to extend direct transaction support for specific projects, including infrastructure development and…

African Development Bank Group (AfDB)

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    • Young entrepreneurs who participated in a capacity building session received certificates
    • A woman entrepreneur receives her certificate after participating in an entrepreneurial capacity building session
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Source: African Development Bank Group (AfDB) |

Madagascar: Notice to Small and Medium-Sized Enterprises of second call for applications for the “Business Linkage Program"

By mid-October 2022, 150 small and medium-sized enterprises will be selected to participate

It has been three years since the African Development Bank (www.AfDB.org) launched a programme in Madagascar to support the growth of small and medium-sized enterprises in the country. Objectives: To enable them to achieve economies of scale and create better employment opportunities for women and young people in key sectors…

African Development Bank Group (AfDB)

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    • AfDB President's Visit to New York: Partnering for Action - Implementation of the Global Accelerator on Jobs and Social Protection for Just Transitions in the Complex Setting of Overlapping Crises
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (1)
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (2)
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Source: African Development Bank Group (AfDB) |

Create quality jobs and provide social protection, urges United Nations Secretary-General

“At the African Development Bank, we have taken a proactive job, jobs, jobs approach”—Dr. Adesina

UN Secretary-General António Guterres has urged governments across the world to quickly invest in quality job creation the and the provision of social protection for those without coverage. Guterres was speaking at a high-level session to discuss the Global Accelerator on Jobs and Social Protection for Just Transitions (https://bit.ly/3rfWGUk) initiative…

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    • Officials representing 11 African cities at a waste-to-energy plant in Copenhagen during a four-day study visit to Denmark and Sweden.
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Source: African Development Bank Group (AfDB) |

African Development Bank Sponsors Study Visit to Two Scandinavian Cities for Municipal Officials of 11 African Cities

The delegation is conducting field visits and taking part in presentations on water management, waste treatment and e-mobility

Representatives of 11 African cities have begun a visit to two Scandinavian cities to learn about people-centred solutions to urban planning and development under a trip sponsored by the Urban and Municipal Development Fund (https://bit.ly/3fdZiPT). The Fund is hosted by the African Development Bank (https://www.AfDB.org). The 4-day trip to Copenhagen…

African Development Bank Group (AfDB)

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    • Road networks in six new municipalities will undergo new construction and upgrading.
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Source: African Development Bank Group (AfDB) |

Senegal: African Development Bank Provides €29 Million for Development of Road Networks 6 Communes

The funds will support the construction of 28 kilometers of urban roads in asphalt concrete, paving stones and concrete

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €28.88 loan for improvements to the road and transport network linking six Senegalese municipalities.  The loan was approved on 20 September 2022. The financing will be sourced from savings from the Senegal Cities Modernisation Programme (https://bit.ly/3UJA5xg).…

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    • The African Development Bank's Covid-19 Off-Grid Recovery Platform has received $20 million in concessional investment to support rollout of its second phase
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Source: African Development Bank Group (AfDB) |

Global Environment Facility, African Development Bank’s Sustainable Energy Fund for Africa (SEFA) provide $20 million to expand Covid-19 Off-Grid Recovery Platform

The Covid-19 Off-Grid Recovery Platform is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic

The Board of Directors of the African Development Bank Group  (https://www.AfDB.org) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP) (https://bit.ly/3qXLziV). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts…

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

No Time to Waste. Ministerial Meeting Calls for Urgent Financing for Countries Most Vulnerable to Climate Change

The top-level meeting wants climate and nature objectives mainstreamed across financial and economic policy as well as a significant action point to be presented at COP27 in November

With barely two months to go before the UN Climate Change Conference (COP27) in Egypt, Africa and other developing parts of the world that bear the severest brunt of climate change are warning against turning it into a mere talking shop of promises. African Development Bank Group President Dr. Akinwumi…

African Development Bank Group (AfDB)

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    • Representatives of the Botswana Stock Exchange (BSE), Mauritius Commercial Bank Group and the African Development Bank Group attending the bell-ringing ceremony in Gaborone for the ADBF’s listing on the BSE
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Source: African Development Bank Group (AfDB) |

African Domestic Bond Fund Lists on Botswana Stock Exchange

ADBF is the first multinational fixed income exchange-traded fund in Africa

The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The listing, on 15 September 2022, follows the Fund’s primary US dollar listing on the Mauritius Stock Exchange in 2018. The Pula-denominated listing will offer investors an…

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    • Participants of the Africa Climate Week side event "Limiting loss and damage through enhanced adaptation action in Africa"
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Source: African Development Bank Group (AfDB) |

Can today’s Adaptation Action minimize future losses and damages in Africa?

Africa is acknowledged to be the continent most vulnerable to climate change

On the sidelines of the 2022 edition of Africa Climate Week (https://bit.ly/3UEJZAj), a session titled Limiting Loss and Damage through Enhanced Adaptation Action in Africa featured vibrant and timely discussion of an aspect of climate change that typically receives little attention: capturing and assessing the costs and damages associated with climate…

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    • African Development Bank Group President Dr. Akinwumi Adesina (L) and Cabo Verde PM José Ulisses de Pina Correia e Silva inaugurate the modernized port of Maio on September 7
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Source: African Development Bank Group (AfDB) |

Upgraded Maio Port to transform economy, boost trade in Cabo Verde

The modernization of the Ports of Maio and Palmeira cost €36 million, with the African Development Bank providing €17.87 million

African Development Bank (www.AfDB.org) President Dr. Akinwumi A. Adesina on Wednesday inaugurated the upgraded Port of Maio in Cabo Verde, which will help reduce sea travel time to the capital Praia, and boost trade. The modernization of the Ports of Maio and Palmeira cost €36 million, with the African Development…