Source: African Development Bank Group (AfDB) |

Africa Investment Forum showcases major projects, including $15.6 billion Abidjan-Lagos Highway

Among the transactions presented were four transport infrastructure deals and four transactions focused on energy and power

On the margins of the African Development Bank Group’s (www.AfDB.org) 2022 Annual Meetings, the Africa Investment Forum convened investors to promote the power of the platform to draw critical investment to the continent. The investor roundtable on 25 May came at a time when capital flows are in flux in…

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    • Students attend class at the Carnegie Mellon University in Rwanda in 2018. The university was funded by the African Development Bank, which is currently promoting its Skills for Employability and Productivity in Africa Action Plan for 2022-2025.
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Source: African Development Bank Group (AfDB) |

African Development Bank hosts consultations with governments to promote its blueprint to equip Africa’s workforce with in-demand skills

The Skills for Employability and Productivity in Africa Action Plan is anchored in the Bank’s Jobs for Youth in Africa Strategy (2016–2025), which seeks to create 25 million jobs and equip 50 million youth with relevant skills

The African Development Bank (www.AfDB.org) hosted virtual consultations with African government ministers, representatives of the African Union, government officials, and academics to gather views on the implementation of the Bank’s Skills for Employability and Productivity in Africa Action Plan for 2022-2025. The first session on 12 April focused on countries…

Source: African Development Bank Group (AfDB) |

African Development Bank begins EDGE certification programme

More than 200 companies are already working on or have achieved EDGE certification, including several multilateral development banks

The African Development Bank (www.AfDB.org) has begun the process of becoming certified under the Economic Dividends for Gender Equality, or EDGE (https://bit.ly/3sRNVl0), Certification programme, the leading global assessment certification for gender and intersectional equity in the workplace. The Bank made the announcement on Monday, at an official online launch held…

Source: African Development Bank Group (AfDB) |

Can women benefit from green jobs? “Yes, but…” says report by UN Women, African Development Bank

The report, titled Green Jobs for Women in Africa, points out that women are well-positioned to benefit from primary-level jobs that will be created but not higher-paying ones

The transition to a green economy is expected to create many new jobs around the world, including in sub-Saharan Africa. But will the economic transformation offer women access to higher-paying, more stable jobs? According to a new report released by UN Women and the African Development Bank, the short answer…

Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank Board approves line of credit of €70 million and $24 million equity investment to West African Development Bank

The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors

Editors’ note: Kindly replace a previous version of this press release with the one below. The Board of Directors of the African Development Bank (www.AfDB.org) has approved a line of credit of €70 million and an equity investment of $24 million, to be granted to the West African Development Bank.…

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    • 2021 Visa Openness Index calls for easier travel to propel Africa out of Covid-19 slump
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Source: African Development Bank Group (AfDB) |

2021 Visa Openness Index calls for easier travel to propel Africa out of Covid-19 slump

Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent

Opening up Africa’s borders to travel will drive investment and an economic rebound, according to the authors of the 2021 Africa Visa Openness Index (https://bit.ly/3IPoRkJ). Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent. This year’s edition found that the onset of…

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    • African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills

The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides project preparation and co-financing for Bank projects and places great emphasis on employability, entrepreneurship and job creation

In June and July of this year, an African Development Bank (www.AfDB.org) technical review committee approved eight project proposals to receive funding in an important milestone for its Jobs for Youth in Africa Strategy. Approved proposals will receive grant funding of more than $7.3 million to operationalize their activities, creating…

Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank financial package for local content and SME development to boost job creation

The project will support more than 150 local companies by facilitating access to skills and certification, contracts with large firms and finance from local financial institutions

The African Development Bank Group (www.AfDB.org) has approved a $1 million grant to boost local content and development of Small and Medium-Size Enterprise (SME) initiatives in the southern African nation of Mozambique. The grant, from the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), will provide technical and institutional…

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    • Social safety nets, community spirit help South African mother through Covid-19 crisis
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Source: African Development Bank Group (AfDB) |

Social safety nets, community spirit help South African mother through Covid-19 crisis

About 2.6 million South Africans have lost their jobs since the pandemic hit

Around 40 km outside Cape Town, Leebah Bessick wipes sweat from her forehead as she digs a pitchfork into the earth at a neighbourhood community garden. It’s an unseasonably hot day here at Blackheath Secondary School and even a shady corner of the garden offers Bessick and the other gardeners…

Source: African Development Bank Group (AfDB) |

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel

The Sahel region's Great Green Wall Initiative received a major boost from the African Development Bank (www.AfDB.org) on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years,…