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

AU Summit: African leaders call for action to end malnutrition by 2025

Leaders acknowledged the scope of the challenge but sounded a note of optimism

African countries have made progress toward eradicating malnutrition and stunting but need to do more to hit United Nations malnutrition targets by 2025. This was the main message of a meeting that took place during the 33rd African Union Summit. Speakers at a meeting of the African Leaders for Nutrition…

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

Madagascar: African Development Bank Approves Guarantee of $100 Million to Hydro-Power Project, to Benefit Over 2 Million People

Upon completion, the project will generate 1,570 GWh of renewable power annually

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar, which will add 205 MW of renewable energy generation capacity to the national grid, benefitting over 2 million people. The Bank’s support…

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

African Economic Conference 2019 – Participants Converge on Sharm El Sheikh to Debate Jobs, Skills and Capacity Development for Africa’s Youth

The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives from Africa and around the globe

More than 350 stakeholders are converging on Sharm El Sheikh, Egypt, to participate in the 2019 African Economic Conference (AEC), with this year’s focus on jobs, skills and capacity development for Africa’s youth. The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives…

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

African Development Bank and partners launch pilot Cities Diagnostics tool in five cities

The tool includes key environmental and urban sustainability indicators as well as disaster risk and vulnerability, and urban footprint growth

“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa, held on the 25th and 26th September 2019 in Abidjan. Five cities were chosen for…

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

The Remarkable Story of Anthony, President Akinwumi Adesina’s Adoptive Son from Madagascar

For President Adesina, Anthony’s story is one of hope

Three years ago, Anthony, then 11, showed signs of stunted growth as observed by African Development Bank (www.AfDB.org) President Akinwumi Adesina during a visit to Madagascar’s Bas Mangoky region. To the Bank chief, the boy looked no more than 5 years of age. “I was transfixed by one of the…

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

The African Development Fund improving and impacting lives of millions in Africa

In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security

Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid rollout of development projects, but its investments continue to transform and sustain lives, beneficiaries say. In 38 of the continent’s neediest countries, the Fund is creating linkages to promote…

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

Hello Malabo! Equatorial Guinea

All set for the African Development Bank's 54th Annual Meeting

"When you put your forces together, you can achieve the critical mass to be solid player on the global scene," African Development Bank (https://www.AfDB.org/en/) 's  Chief Economist and Vice President of Economic Governance & Knowledge Management Celestin Monga told journalists at a press conference ahead of the Bank's Annual Meetings.…

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

African Union Summit: African Development Bank President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar

Adesina commended President Rajoelina for his recent election and vision for his country

African Development Bank (www.AfDB.org) President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho. With President Andrei Rajoelina of Madagascar, discussions focused…

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

Ghana’s First Lady Joins Network of African Leaders for Nutrition Champion

The African Leaders for Nutrition (ALN) initiative is a platform for high-level advocacy and engagement to advance nutrition in Africa, endorsed by the Assembly of Heads of State and Governments of the African Union (AU)

The African Leaders for Nutrition on Monday inaugurated Ghana’s first lady Rebecca Akufo-Addo as a Nutrition Champion, acknowledging her work and commitment to sound nutrition and the wellbeing of mothers and infants. The ALN initiative is a platform for high-level advocacy and engagement to advance nutrition in Africa, endorsed by…

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

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

The programme’s initial phase is expected to run from 2019 to 2023

The African Development Bank (www.AfDB.org) has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries. The comprehensive programme, open to regional member countries, will enhance their ability to evaluate climate-related risks and…