Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: African Development Bank Mission Assesses Progress of Yamoussoukro Agro-industrial Project

The African Development Bank has provided $121 million in financing to the Bélier agro-industrial cluster

The African Development Bank (www.AfDB.org) Vice President for Agriculture, Human and Social Development, Beth Dunford, led a mission to Cote d’Ivoire’s capital Yamoussoukro, on 16 September to assess progress on a Bank-supported agro-industrial cluster in Bélier. The mission, that included Marie-Laure Akin Olugbade, Director General for West Africa and Bank…

Source: African Development Bank Group (AfDB) |

Japan Credit Rating Agency reaffirms African Development Bank’s AAA rating with a stable outlook

The agency commended the African Development Bank for its strong member-country support, as evidenced by the seven general capital increases it has carried out to date

Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s (www.AfDB.org) long-term rating at AAA with a stable outlook. The agency commended the African Development Bank for its strong member-country support, as evidenced by the seven general capital increases it has carried out to date. The report reflected on…

Source: African Development Bank Group (AfDB) |

Fitch affirms Triple A-rating of the African Development Bank, Outlook stable

Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders

Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s (www.AfDB.org) credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers.…

Source: African Development Bank Group (AfDB) |

African Development Bank to support creation of agricultural value chains in Côte d'Ivoire – President Adesina

Since 2015, the African Development Bank has quadrupled its investments in Côte d'Ivoire, bringing its portfolio to $2.7 billion

The African Development Bank (www.AfDB.org) will support Côte d'Ivoire in creating agricultural value chains to create more jobs and make economic growth more inclusive, the bank’s president, Dr. Akinwumi A. Adesina, said on Tuesday during a meeting with Ivorian Prime Minister Patrick Achi. "The African Development Bank will support the…

Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches

The program’s main objectives were to extend cash transfers to more than 117,000 newly vulnerable households at a cost of 75,000 CFA francs each

For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Adaptation Benefits Mechanism helps to climate-proof Ivorian smallholder farms’ cocoa yields

Cocoa plantations, which are the backbone of the world’s chocolate supply, are highly vulnerable to climate hazards, such as heatwaves, droughts, seasonal shifts, and erratic rainfall

Help is on the way for the global cocoa supply chain, severely threatened by climate change. A new project by the African Development Bank (www.AfDB.org) and the International Agroforestry Agency [ICRAF (www.WorldAgroForestry.org)] would bring relief to two Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining…

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

COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair

The former UK prime minister addressed a virtual audience on the topic Building Back Better in Post COVID-19 Africa: The Role of Technology and Governance, as part of the Kofi A. Annan Lecture Series

We have the same problems but what we also have is vastly increased urgency – Blair; Agriculture offers Africa its best opportunity for industrialization…the key is how does Africa raise productivity, develop the integrated technology in rural areas? - Adesina The COVID-19 pandemic has exposed the challenges and opportunities of…

Source: African Development Bank Group (AfDB) |

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its priority areas and rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop for individuals and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés from the Bank Group’s regional and non-regional members seeking to provide…

Source: African Development Bank Group (AfDB) |

Africa’s climate change fight gets a boost as Global Center on Adaptation sets up regional home at the African Development Bank

Hosted by the African Development Bank at its headquarters in the Ivorian commercial capital, Abidjan, GCA Africa will work with partners across the continent

African leaders welcomed the opening of a regional office of the Global Center on Adaptation on Wednesday, voicing hopes it will spur the continent’s efforts to combat climate change. In speeches marking the virtual launch of GCA Africa, the leaders said the Center could also provide an impetus for a…

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

Global and African Leaders welcome Launch of Global Center on Adaptation (GCA) Africa as “Historic Moment to Accelerate Adaptation” on the Continent

GCA Africa will work with partners across the continent to scale and accelerate adaptation action that protects African communities from the impacts of climate change

The Global Center on Adaptation (GCA.org) today announced the launch of its regional office in Côte d’Ivoire. Hosted by the African Development Bank (www.AfDB.org) at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the continent to scale and accelerate adaptation action that protects African…