Source: African Development Bank Group (AfDB) |

African Development Bank President Adesina confident of “very promising future” for continent

The Bank expects growth of 4% this year and 4.1% in 2020

"The future of our continent is looking very promising indeed," African Development Bank Group (www.AfDB.org) President Akinwumi Adesina declared in the opening words of his address to diplomats  at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019 (https://bit.ly/2yXn4pr), which noted that…

Source: African Development Bank Group (AfDB) |

African road safety leadership program kicks off in Abidjan

The program, which runs till 8th February, is intended to develop leadership capabilities in road safety planning, implementation, management, and operations; and ultimately help reduce the number of road crashes on the roads of Africa

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank) (www.SSATP.org), in collaboration with the African Development Bank (www.AfDB.org), kicked off at the Bank’s Headquarters in Abidjan on 4th February. The program, which runs till 8th February, is…

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

Senegal: New African Delivery Units Network launched

Its purpose is to provide a unique platform for peer learning and sharing of best practices and expertise in the field

The African Delivery Units Network, a unique platform for government delivery units across the continent, has been launched in the Senegalese capital Dakar. The new network, spearheaded by the African Development Bank (www.AfDB.org) and the President Delivery Unit of Senegal (Bureau Operational de Suivi du Plan Senegal Emergent), was launched…

Source: African Development Bank Group (AfDB) |

Kenya receives new €235 million loans from African Development Bank to complete Thwake dam

The package, which was requested by Kenyan authorities, comprises two loans – €192.570 million from the Bank and €43.193 million from the Africa Growing Together Fund (AGFT)

The African Development Bank's (www.AfDB.org) Board of Directors has approved two loans worth €235.763 million for the completion of  construction work on Thwake dam on Thwake River in southern Kenya (https://bit.ly/2DxMe2W). This is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including…

Source: African Development Bank Group (AfDB) |

African Development Bank to play bigger role in African economies by investing in infrastructure private equity

The Bank’s investment will also ensure the highest environmental and social standards are applied to Africa Infrastructure Investment Fund (AIIF3)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights

Investment interest secured for 45 deals worth US$32 billion

The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and…

Source: African Development Bank Group (AfDB) |

Agri-tech can turn African Savannah into global food basket – African Development Bank

The African Development Bank has determined that the African Savannah can support the production of maize, soybean, and livestock, and transform the continent into a net exporter of these commodities

The African Development Bank (www.AfDB.org) is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution. “This sleeping giant needs to wake up,” the Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, told an audience…

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

African Development Bank Launches first Africa-to-Africa (A2A) Investment Report

Africa-to-Africa Investment Report: A first look, finds that more African companies are investing in Africa

Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s (www.AfDB.org) new Africa-to-Africa (A2A) Investment Report, the first ever report on inter-African trade published by the Bank. The report unearths the realities African companies face when investing in…

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

African Development Bank and Canada share commitment to women’s empowerment on the continent

Canada is the fourth largest contributor to the Bank among non-regional members, and the sixth largest donor to the African Development Fund (ADF)

On her first visit to the West African nation of Cote d’Ivoire, Canada’s Minister of International Development, Marie-Claude Bibeau and the President of the African Development Bank Akinwumi Adesina (www.AfDB.org), shared a common vision and commitment to the advancement of women and girls on the continent. Both officials met at…

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

Africa50 Meeting: Kenyatta and Adesina call for accelerated private sector investment in infrastructure

Kenyatta announced Kenya would double its current shareholding investment in Africa50 to US$ 100 million

President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide…