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

African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region

Impact of COVID-19 in South Africa projected to affect rest of Southern African economies

Report recommends inclusive, broad-based and pro-poor policies to address inequality and reduce poverty rates; Impact of COVID-19 in South Africa projected to affect rest of Southern African economies. A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for…

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

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the…

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

African Development Bank Group approves $10 million equity in Razorite Healthcare Fund for Africa

The 10-year deal will resource the Fund to address growing demands for affordable and quality healthcare services in several countries of Sub-Saharan Africa

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $10-million equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent. The 10-year deal, approved on 26 February, will resource the Fund to address growing demands for affordable and…

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

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…

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

Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights

Investment interest secured for 45 deals worth US$32 billion

The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and…

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

African Development Bank Launches first Africa-to-Africa (A2A) Investment Report

Africa-to-Africa Investment Report: A first look, finds that more African companies are investing in Africa

Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s (www.AfDB.org) new Africa-to-Africa (A2A) Investment Report, the first ever report on inter-African trade published by the Bank. The report unearths the realities African companies face when investing in…

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

The African Development Bank Group is pleased to announce the appointment of Dr Kapil Kapoor as Director General, Southern Africa Regional Development and Business Delivery Office

He has led numerous development initiatives in diverse country settings, ranging from fragile states like Afghanistan and Somalia

The African Development Bank Group (https://www.AfDB.org/en/) is pleased to announce the appointment of Dr Kapil Kapoor as Director General, Southern Africa Regional Development and Business Delivery Office with effect from 1st September 2018. Dr Kapoor, a citizen of India, has been the Director for Strategy and Operational Policies since February 2012, when he joined the African Development Bank. He has an established track record of effectively…

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

Annual Meetings of the Boards of Governors of the African Development Bank Group: “Accelerating Africa’s industrialization”

21 – 25 May 2018, Busan Exhibition Conference Center, Busan, Republic of South Korea

The 53rd Annual Meeting of the Board of Governors of the African Development Bank and 44th Meeting of the Board of Governors of the African Development Fund (http://www.AfDB.org/am), the concessional arm of the Bank Group, are scheduled to take place from May 21-25, 2018 in Busan, Korea. While Africa has…