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

Nigeria: African Development Bank Approves $100 Million to Support Youth and Women-led Micro, Small and Medium Enterprises (MSME)

Approval kickstarts rollout of Youth Entrepreneurship Investment Bank (YEIB) initiative in partnership with government of Nigeria

The African Development Bank (www.AfDB.org) has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment Bank (YEIB) initiative. The Nigeria YEIB is a pioneering institution designed to foster economic growth and job creation in the…

African Development Bank Group (AfDB)

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    • Budget support to Seychelles from the African Development Bank will help improve access to renewable energy in the archipelago
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Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank approves a USD 25 million loan to improve access to renewable energy and create jobs

The programme will support current efforts of the Seychelles Ministry of Investment, Entrepreneurship and Industry to drive economic diversification and transformation in the key sectors of fishing and tourism

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $25 million loan to Seychelles to implement the first phase of the Economic Resilience and Green Recovery Support Programme aimed at economic governance management across the archipelago. The operation, the first in a series of programmes…

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

Equatorial Guinea: African Development Bank Group, United Nations Development Programme (UNDP) partner to promote economic diversification and job creation for women and youth

The project will be a multisector local content initiative focusing on agriculture, fisheries, transport/logistics, tourism, and ICT

The African Development Bank Group (www.AfDB.org) has approved a $3 million technical assistance project to boost local content for micro, small, and medium enterprises (MSMEs) in Equatorial Guinea, providing economic diversification to the west-central African country. The grant agreements were signed this week in the city of Malabo between the African…

African Development Bank Group (AfDB)

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    • Panel members: Ms. Marie-Angèle Touré, journalist CEO of MAT, Media-Advice-Training (moderator of the panel), Stéphane Aka-Anghui (Executive Director of the CGECI), Lamine Barro (CEO of Etudesk), Christelle Essim Egue (founder of Pam Holding) and Jean-François Yao (Regional Policy Advisor in charge of Institutional Partnership at the International Committee of the Red Cross).
    • Panel members with Dr. Akinwumi Adesina (center), President and Chairman of the Boards of Directors of the African Development Bank Group; Foster Ofosu (3rd from left), Chairman of the Bank's Staff Council and Dr. Victor Oladokun, (1st from left), Senior Advisor to the Bank President on Communication and Shareholder Relations.
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Source: African Development Bank Group (AfDB) |

60 years of the African Development Bank: private sector representatives applaud institution’s backing and urge further support for innovation and entrepreneurship among women and young people

Praising the Bank's Innovation and Entrepreneurship Lab initiative, the young up-and-coming entrepreneur stressed that the Bank must help young Africans “to create and innovate”

The African Development Bank (www.AfDB.org) must expand its support for female entrepreneurs, as well as young innovators and business creators, to reduce poverty and tackle the lack of jobs in Africa, according to young African entrepreneurs.  The African youth business representatives were speaking during a panel discussion on the topic…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Akinwumi Adesina pays tribute to the staff of the Bank
    • Foster Ofosu, Chairman of the Staff Council, pays tribute to all African Development Bank employees
    • Adama Coulibaly, Ivorian Minister of Finance and Budget, expressed his government's deep gratitude to Dr. Akinwumi Adesina “for his leadership and the important results achieved” at the head of the institution
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Source: African Development Bank Group (AfDB) |

African Development Bank At 60: “Today, as in the past, you are part of Africa’s transformation” - Akinwumi Adesina heralds commitment shown by Bank staff in building its thrilling history

Praising the courage of members of staff deployed in Somalia and Sudan – both countries facing fragile contexts – Adesina paid tribute to those who risk their own and their families’ lives on a daily basis to advance Africa’s cause

The President and Chairman of the Boards of Directors of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has paid tribute to the preeminent role played by the institution’s staff in Africa’s development. He was speaking Monday, during the official launch of festivities to mark the Bank’s 60th anniversary…

African Development Bank Group (AfDB)

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    • Upcyclers, a web-based marketplace digitalizing the e-waste value chain, is a Ghanaian enterprise selected as one of 30 beneficiaries in the first cohort of the African Development Bank-supported AfriCircular Innovators Programme
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Source: African Development Bank Group (AfDB) |

African Development Bank’s AfriCircular Innovators Programme names 30 small and medium enterprises to receive assistance to scale up circular economy solutions

MSMEs represent 80 percent of Africa's businesses, while the circular economy in Africa has the potential to generate 11 million jobs

The African Development Bank-supported (www.AfDB.org) AfriCircular Innovators Programme has selected 30 small and medium enterprises to receive financing and technical assistance to scale up circular economy (https://apo-opa.co/3SZxikc) initiatives. This inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in an online onboarding event on August 9, 2024. The AfriCircular…

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    • Tunisia: African Development Bank mobilises over 92 million euros to support entrepreneurship and job creation
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Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank mobilises over 92 million euros to support entrepreneurship and job creation

The financing consists of a 90 million Euro loan from the Bank Group, and a grant of 2.3 million Euro from the Women Entrepreneurs Finance Initiative (We-Fi) Trust Fund

The Board of Directors of the African Development Bank (AfDB) (www.AfDB.org) has approved a financing package of 92.3 million euro for the implementation of the Tunisian government’s Support Program for Business Competitiveness and Empowerment of the Population through Job Creation (CAP-Emplois). The financing consists of a 90 million Euro loan…

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    • The African Development Bank aims to use this ambitious project to prevent young people in Burkina Faso from being radicalised, by offering them an alternative to violence
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Source: African Development Bank Group (AfDB) |

Burkina Faso: African Development Bank Group approves $39.2 million loan for youth resilience project

The project is expected to create at least 20,000 jobs and indirectly benefit 175,000 individuals

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $39.2 million loan to Burkina Faso for a project to boost skill development and resilience among young people, particularly women. The Multisectoral Project to Support Skills Development for Resilience will be financed through a $13.2 million…

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    • Participants at the workshop discussing the provisional report on the development of the textile industry in Benin. Third from left, Mr Robert Masumbuko, the African Development Bank’s representative in Benin and Ms Mariam Chabi Talata Zimé Yérima (fourth from left), Vice-President of the Republic of Benin
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Source: African Development Bank Group (AfDB) |

Benin: The African Development Bank Supports a Study Aimed at Strengthening the Textile Industry Through the Private Sector

The meeting helped to identify opportunities and make core proposals to strengthen efforts to dynamize the cotton industry

The Country Office of the African Development Bank Group (www.AfDB.org) in Benin - one of Africa’s leading cotton producers - organised a workshop in Cotonou on 31 July 2024 to provide feedback about a study on private sector players bringing fresh momentum to the country’s textile industry. The meeting marked…

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    • AfDB Vice President Marie-Laure Akin-Olugbade (right) meets with Angolan Minister for Agriculture and Forestry, Dr António Francisco de Assis ( centre) and AfDB Country Manager for Angola Pietro Toigo during an official visit. Angola, June 2024
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Vice President Akin-Olugbade on mission to boost development impact

The parties discussed the cooperation between Angola and the Bank and its priorities, which focus on accelerating economic diversification and job creation

African Development Bank (www.AfDB.org) Vice-President for Regional delivery, Integration and Business Delivery, Marie-Laure Akin-Olugbade has completed a mission to Angola in which she held several strategic, high-level dialogue sessions with authorities of the country. The talks provided the foundation for the implementation of the Bank’s new 2024-2029 Country Strategy Paper.…