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African Development Bank Group (AfDB)

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    • South Africa's Just Energy Transition Jobs First Project partners gathered to foster inclusive and sustainable green practices in South Africa’s Just Energy Transition. Bottom row (from left to right): Hayley Sylvester (UVU Accelerate), Anne-Charlotte Garnier (AFD), Nina Kolybashkina (CIF), Slim Dali (AFD), Patricia Pena (Global Affairs Canada), Peter Nonyane (Mpumalanga Department of Social Development), Middle row (from left to right), Suhana Bisnath (UVU Africa), Chiagozie Obuekwe (CIF). Andisiwe Gcali (Global Affairs Canada), Neil Cole (JET PMU South Africa Presidency), Nawsheen Elaheebocus (AfDB), Nkosinathi Nkonyane (MGCA), Back row (from left to right) (from left to right) Lore Manonyane (Mpumalanga Provincial Treasury), Shauna Flanagan (Global Affairs Canada)
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Source: African Development Bank Group (AfDB) |

Advancing Gender Equality in South Africa’s Just Energy Transition

Through direct engagement with local voices, the Project is fostering a collaborative environment where grassroots insights are prioritized, building a foundation for a more inclusive energy transition that centres around community needs

A series of impactful events held between November 12-15 marked several strides forward in advancing gender equality in South Africa’s Just Energy Transition.   Organized by the Mpumalanga Green Cluster Agency, the Project Implementation Unit, with support from the Climate Investment Funds (https://apo-opa.co/4iDmV0s) and the African Development Bank, the week-long programme’s…

African Development Bank Group (AfDB)

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    • A screenshot of some of the youth entrepreneurs pitching business ideas during the virtual Africa Tech Startup Forum organized by AfDB’s Innovation and Entrepreneurship Lab
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Source: African Development Bank Group (AfDB) |

African Youth Tech Venture Entrepreneurs Embark on Groundbreaking Korean Innovation Tour

Financially supported by the Korea-Africa Economic Cooperation Trust Fund, the Africa Tech Startup Forum is part of the African Development Bank’s broader Jobs for Youth in Africa Strategy

Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133…

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…

African Development Bank Group (AfDB)

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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…