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

African Development Bank signs five-year agreement to use International Federation of Consulting Engineer (FIDIC) standard contracts

Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence to refer to the seven major FIDIC contracts

The International Federation of Consulting Engineers (FIDIC) (FIDIC.org) has secured a major agreement with the African Development Bank (AfDB.org) that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank…

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

Tanzania: African Development Bank’s $55 million facility to jumpstart private sector-led economic growth

Support from the Bank’s African Development Fund will bolster ongoing reforms being undertaken by the government of Tanzania

The African Development Bank (AfDB.org) has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor…

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

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

According to Adamon Mukasa, senior researcher at the African Development Bank, under-skilled youth represented 28.9% of Africa’s population

The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank (AfDB.org) in partnership with the United…

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

2019 Global Gender Summit: to achieve new impetus towards gender parity, all stakeholders need to act in five priority areas

Gender equality is not a western agenda, it is not somebody else agenda; it’s a global agenda for growth for inclusive growth for economic development, for society to thrive

Africa needs new impetus in its journey towards gender parity. Making progress on any single indicator of gender inequality is likely to require systematic action on a range of indicators by governments, companies, communities, and individual men and women. A new McKinsey Global Institute (MGI) report prepared with McKinsey &…

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

Global Gender Summit 2019: "Put prejudice behind us and give women access to finance," says Akinwumi Adesina

According to Adesina the financial sector had a responsibility to the women of Africa

African Development Bank (AfDB.org) President Akinwumi Adesina has called for greater access to finance for African women when he addressed the inaugural session of the Global Gender Summit. "When women borrow, they always repay. And 90% of them repay their loans without the least problem. So, where is the risk?…

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

CORRECTION - 2019 Conference on Land Policy in Africa: Technology and innovation will help speed up removal of land sector corruption in Africa - African Development Bank

The African Development Bank is committed to working with its partners to improve governance in land administration as part of efforts to boost agriculture production

African countries must act faster to purge corruption in the land sector by harnessing technology and innovation, African Development Bank (AfDB.org) Senior Vice President Charles Boamah urged on Monday. Boamah, who was speaking to policymakers and stakeholders at a conference on Land Policy in Africa in the Ivorian capital, Abidjan, also…

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

2019 Conference on Land Policy in Africa: Technology and Innovation Will Help Speed Up Removal of Land Sector Corruption in Africa - African Development Bank

The African Development Bank is committed to working with its partners to improve governance in land administration as part of efforts to boost agriculture production

African countries must act faster to purge corruption in the land sector by harnessing technology and innovation, African Development Bank (https://www.AfDB.org/) Senior Vice President Charles Boamah urged on Monday. Boamah, who was speaking to policymakers and stakeholders at a conference on Land Policy in Africa in the Ivorian capital, Abidjan,…

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

Opening Statement - Global Gender Summit (By Dr Akinwumi A Adesina, President of the African Development Bank Group)

This is the first time that the Global Gender Summit is being held in Africa

By Dr Akinwumi A Adesina, President of the African Development Bank Group Your Excellency, Paul Kagame, President of the Republic of Rwanda; Your Excellency, Sahle-Work Zewde, President of the Federal Democratic Republic of Ethiopia; Your Excellency, Moussa Faki Mahamat, Chairperson of the African Union Commission; Your Excellency, Joyce Banda, former…

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

Gender equality: It’s time for disruption, time to shatter the status quo, we can’t afford to wait!

Women make up over 40% of African business owners yet only 2% are able to access finance according to a Mckinsey report

By Vanessa Moungar, Director of Gender, Women and Civil Society If you are a gender champion, then you are familiar with the discussions around the glass cliff.  The story of women eager to defy the odds, accepting leadership roles at times of crisis, when the chance of failure is the highest. The…

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

2019 African Investment Forum builds on 2018 successes, attracts growing international interest

A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries…