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African Development Bank Group (AfDB)

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    • (L-R) Prof. Kevin Urama, Chief Economist/Vice President for Economic Governance & Knowledge Management, African Development Bank Group, Ms. Ellen Cathrine Rasmussen, Executive Vice President, Norfund, Mr. Hans Olav Kvalvaag, CEO, Release by Scatec and Prof Dan Banik of the University of Oslo in a panel discussion in Norway
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Chief Economist Kevin Chika Urama urges Nordic and Irish entrepreneurs in to make Africa their business and investment destination

According to Urama, agriculture and energy in Africa offer huge opportunities for trade and investment with Nordic countries

The African Development Bank Group’s (www.AfDB.org) Chief Economist, Prof Kevin Chika Urama, has urged entrepreneurs in Nordic countries and Ireland to make Africa their business and investment destination. Prof Urama, on an official visit to Denmark, Finland, Ireland, Norway and Sweden between 25-29 September, said Africa’s population boom - projected…

African Development Bank Group (AfDB)

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    • Ireland and Austria Join Africa Climate Change Fund as Donors with an Initial €3 Million Contribution
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Source: African Development Bank Group (AfDB) |

Ireland and Austria Join Africa Climate Change Fund as Donors with an Initial €3 Million Contribution

The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience

Ireland and Austria have joined the African Development Bank’s (www.AfDB.org) Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support the Fund’s work. The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and…

African Development Bank Group (AfDB)

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    • Invest More in Africa—Akinwumi Adesina Urges Keen Irish Business Community
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Source: African Development Bank Group (AfDB) |

Invest More in Africa—Akinwumi Adesina Urges Keen Irish Business Community

The exhortation from Africa’s premier development finance institution’s chief was matched by the Irish authorities’ publicly expressed enthusiasm about Ireland-Africa cooperation

Since joining the African Development Bank Group (www.AfDB.org) as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as African Development Bank Group President…

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

2020 Annual Meetings of the African Development Bank: a renewed commitment to economic resilience in Africa

The highlights of the 2020 sessions are the election of the Bank Group’s president and the statutory meetings of its Governors

The 55th Annual Meetings of the African Development Bank (www.AfDB.org) and the 46th meetings of the Board of Governors of the African Development Fund (ADF) began in Abidjan, Côte d’Ivoire, on Wednesday, 26 August 2020. In his opening speech, the President of Côte d’Ivoire, Alassane Ouattara, highlighted the unusual context of…

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

Opening Speech by Dr. Akinwumi A. Adesina, President of The African Development Bank at The 2020 Annual Meetings of The African Development Bank Group

The Bank launched a $10 billion COVID-19 Response Facility to support African countries

Your Excellency, President Alassane Ouattara, President of the Republic of Côte d’Ivoire,   • Honorable Minister Niale Kaba, Chairperson of the Board of Governors  • Honorable Governors  • Members of the Board of Directors  • Senior management and staff of the Bank  • Ladies and Gentlemen   1. Good morning and welcome…

African Development Bank Group (AfDB)

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    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - FR
    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - EN
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Source: African Development Bank Group (AfDB) |

Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group

The Panel concurs with the Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee

The High-Level Panel comprising of Mrs. Mary Robinson, former President of Ireland (Chair), Justice Hassan B. Jallow, Chief Justice of the Gambia (Member) and Mr. Leonard F. McCarthy, President, LFMcCarthy & Associates (Member) was announced on 1 July 2020. The High-Level Panel was given a period of two to four…

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

Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of today 1 July 2020 regarding the Whistle-Blowers’ Complaint against the President of the Bank Group

The Bureau expresses its utmost trust and confidence in the Panel’s ability to successfully carry out this important assignment

a) The Bureau recalls its Communiqué issued on June 4th 2020 informing the general public of its decision to authorize an Independent Review of the Report of the Ethics Committee of the Boards of Directors relative to the allegations made by Whistle blowers against the President of the Bank Group.…

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

Republic of Ireland becomes African Development Bank Group 81st shareholder

Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent

The Republic of Ireland has become the African Development Bank Group’s (www.AfDB.org) 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina, on 24 April 2020. Ireland’s application to join the African Development Bank Group was approved during the Annual meetings of the Board of Governors of the Bank…