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African Development Bank Group (AfDB)

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    • Group photo from the AfAC Taxonomy Workshop, bringing together experts to advance a unified green finance framework for Africa
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Source: African Development Bank Group (AfDB) |

Africa’s Financial Industry Validates the Continental Sustainable Finance Taxonomy

The Taxonomy provides standardized definitions of activities that contribute to sustainable development, enabling financial institutions to direct capital toward climate-smart and socially responsible investments

Africa’s financial sector has taken a major step toward aligning with global climate and sustainability goals with the validation of a continent-wide Sustainable Finance Taxonomy.  The groundbreaking framework, the first of its kind for Africa, was endorsed by regulators, commercial banks, insurance firms, and development finance institutions in Nairobi on…

African Development Bank Group (AfDB)

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    • 115,000 ECOA induction cookers will be distributed to households across Kenya, Zambia, and Uganda with support from the Sustainable Energy Fund for Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations

This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. This grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide…

African Development Bank Group (AfDB)

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    • An artificial intelligence engineer at Neotex.ai registers livestock using the Halisi Livestock app (courtesy of Neotex.ai)
    • Animal identity fraud detected by facial recognition using the Halisi Livestock app (courtesy of Neotex.ai)
    • Jenny Ambukiyenyi Onya, co-founder of Neotex.ai, the start-up that created the Halisi Livestock app (courtesy of Neotex.ai)
    • Livestock farmers who have received microloans thanks to the Halisi Livestock app herd their sheep and cattle in Kajiado County, Kenya (courtesy of Neotex.ai)
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Source: African Development Bank Group (AfDB) |

World Youth Skills Day: For Jenny Ambukiyenyi Onya, Artificial Intelligence (AI) is transforming African women livestock farmers’ herds into a source of finance

The company she founded, Neotex.ai, has rolled out its services in new rural areas in Kenya, registering more than 1,250 head of livestock and proving the viability of its model

A dirt road in Kenya. Heavy heat shimmers over the surrounding savannah. A loan officer approaches a herd of cattle and pulls out a smartphone. Standing next to the owner, a woman with a proud yet cautious gaze, he photographs an animal. Hundreds of miles away, an artificial intelligence algorithm…

African Development Bank Group (AfDB)

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    • Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
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Source: African Development Bank Group (AfDB) |

Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms

For the first time, the 2024 ERI also assessed regional regulatory bodies, recognizing their growing role in harmonizing technical standards and enabling cross-border electricity trade

Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) (www.AfDB.org), demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. …

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina, African Development Bank Group President, delivers the keynote address for the Scaling Finance for Smallholder Farmers in Africa Conference, held 17-18 March 2025, in Nairobi, Kenya
    • Vice President for Agriculture, Human ad Social Development, Dr. Beth Dunford, pushed for a collaborative approach amongst partners to achieve a common goal during her opening remarks, on 17 March 2015
    • African Development Bank mulls $500 million facility to mobilize financing for smallholder farmers
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Source: African Development Bank Group (AfDB) |

African Development Bank Mulls $500 Million Facility to Mobilize Financing for Smallholder Farmers

The Bank has approved 77 projects valued at $3.9 billion to support the implementation of Country Food and Agriculture Delivery Compacts across 32 countries, with an additional $1.72 billion in planned approvals this year

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has announced plans to launch a $500 million facility designed to unlock $10 billion in financing for smallholder farmers and small agribusiness enterprises across Africa.  Speaking at the High-Level Conference on Scaling Finance for Smallholder Farmers in Nairobi, Adesina revealed that…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina receives the prestigious honor of the Chief of the Order of Golden Heart from Kenyan President Dr. William Samoei Ruto (1)
    • Dr. Akinwumi Adesina receives the prestigious honor of the Chief of the Order of Golden Heart from Kenyan President Dr. William Samoei Ruto (2)
    • “I am proud of the journey we started together ten years ago; I can see its fruits. Kenyans can feel its benefits,” President Ruto told Adesina who was accompanied by his wife, Mrs Grace Yemisi Adesina
    • “Since I was elected President, the Bank has financed a total of 57 projects, with total financing commitment of $4.44 billion
    • “Dr Adesina transformed the African Development Bank into a globally recognized institution for financial innovation and development impact and under his leadership, the Bank’s general capital grew from $93 billion to $318 billion”
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Source: African Development Bank Group (AfDB) |

Kenya’s President Ruto awards African Development Bank’s Adesina highest national honour

Dr Adesina becomes the 20th recipient of the honour that was established in 1967 and first awarded to Kenya’s founding father and former President, H.E. Jomo Kenyatta

“I am proud of the journey we started together ten years ago; I can see its fruits. Kenyans can feel its benefits,” President Ruto “What a great honour! What a rare privilege! What a historic recognition!” Adesina Kenya’s President H.E. William Samoei Ruto has conferred the country’s highest honour, Chief…

African Development Bank Group (AfDB)

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    • Mano River Union delegation with women traders on the Busia border (in pink)
    • A Liberian woman trader (in jacket) engages the One-Stop-Border point management on the Kenya side
    • A delegation of the study tour, comprising women traders and border officials from Liberia and Sierra Leone, as well as representatives from the African Development Bank at the One-Sto- Border-Post in Busia
    • Bank and BIBEST project staff engaging a Kenyan female mechanic, who is also a cross border trader in Busia
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Source: African Development Bank Group (AfDB) |

Mano River Union Delegation Studies Successful Border Post Model to Enhance Women’s Cross-Border Trade

The delegation held discussions with Kenya’s Ministry of Investments, Trade and Industry, the National AfCFTA Committee, TradeMark Africa, Busia Border management authorities, and local women cross-border traders

A Mano River Union (MRU) delegation recently concluded a successful study tour of the ‘Busia One Stop Border Post’ (OSBP) between Kenya and Uganda, gaining valuable insights into efficient cross-border trade systems that benefit women traders. The tour brought together women traders and border officials from Liberia and Sierra Leone,…

African Development Bank Group (AfDB)

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    • The electricity highway between Ethiopia and Kenya represents a technological advance for electricity transmission
    • The project is a model of sustainability, allowing better integration of wind power, Solar and hydroelectricity into regional networks
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Source: African Development Bank Group (AfDB) |

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and…

African Development Bank Group (AfDB)

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    • AfDB Vice President Dr. Beth Dunford (r) at a and Mastercard Executive Vice President Tara Nathan at recent MADE Alliance Africa event
    • Dr. Beth Dunford, AfDB Vice President
    • AfDB Vice President Dr. Beth Dunford with smallholder farmers in Nigeria who are benefitting from Bank agricultural technologies
    • MADE Alliance Africa aims to connect millions of smallholder farmers and women in Africa with digital services
    • World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent
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Source: African Development Bank Group (AfDB) |

World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent

The African Development Bank aims to bring 3 million farmers in Kenya, Tanzania and Nigeria into the digital economy via Mastercard Community Pass

The African Development Bank Group (www.AfDB.org) and Mastercard are co-chairing a new initiative called Mobilizing Access to the Digital Economy (MADE) Alliance Africa, which aims to provide digital access to critical services for 100 million people and businesses in Africa over the next 10 years. In the first phase of…

African Development Bank Group (AfDB)

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    • African Development Bank appoints Dr Kennedy Mbekeani as Director General for East Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank appoints Dr Kennedy Mbekeani as Director General for East Africa

Mbekeani, a citizen of Malawi has over 25 years of senior experience in development finance, project management, policy advisory services, and knowledge generation at national and regional levels

The African Development Bank Group (www.AfDB.org) has appointed Dr Kennedy K. Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country Manager for Kenya, effective from 16 October 2024. Mbekeani, a citizen of Malawi has over 25 years of senior experience in development…