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African Development Bank Group (AfDB)

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    • AfDB and Africa Foresight staff at the African Hidden Champions Dinner, 19 June 2023, Cairo
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Source: African Development Bank Group (AfDB) |

African Hidden Champions hosts Egypt’s top business leaders

Participants at the event included executive leadership of African Hidden Champion companies headquartered in Cairo

The African Hidden Champions (AHC) initiative (https://www.AfricanHiddenChampions.co/) has hosted its first “Dinner & Dialogue” in North Africa in Cairo, Egypt. The event is part of a series of regional events that the initiative is holding in key business hubs across Africa in 2023. AHC, a co-partnership of Africa Foresight Group,…

African Development Bank Group (AfDB)

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    • Egypt: the Abu Rawash wastewater treatment plant, a model of sustainable development (1)
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    • Egypt: the Abu Rawash wastewater treatment plant, a model of sustainable development (3)
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Source: African Development Bank Group (AfDB) |

Egypt: the Abu Rawash wastewater treatment plant, a model of sustainable development

Its construction was supported by the African Development Bank to the tune of 150 million USD

Eight kilometers northwest of the Pyramids of Giza, the western bank of the Nile is home to the archaeological site of Abu Rawash. Just nearby is one of the world's largest wastewater treatment plants, a model of environmental sustainability in line with the United Nations Sustainable Development Goals. Pakinam Mohamed…

African Development Bank Group (AfDB)

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    • Egypt: The Eco Nubia ecolodge in Aswan
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    • Eco Nubia: a model for reviving Egypt's heritage while preserving the environment (1)
    • Eco Nubia: a model for reviving Egypt's heritage while preserving the environment (2)
    • Eco Nubia: a model for reviving Egypt's heritage while preserving the environment (3)
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Source: African Development Bank Group (AfDB) |

Eco Nubia: a model for reviving Egypt's heritage while preserving the environment

The ecolodge, consisting of nine rooms built from granite and mud, also has facilities for a wide range of activities, including kayaking and swimming, sightseeing and Nubian craft markets

Located within a short distance from the famous Aswan Dam, the Temple of Philae, on the islet of Aguilkya, immerses visitors in the history of ancient Egypt. Dedicated to the protective goddess Isis, its bas-reliefs and murals make it an exquisite sanctuary in the country. Aboard his small motorboat, Ahmed…

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

Egyptian African Business Association Meets with team from African Development Bank Country Office

The teams discussed areas to support Egyptian businesses’ expansion into the rest of Africa and ways to benefit from Bank-funded operations

The African Development Bank’s (http://www.AfDB.org) new Country Manager for Egypt, Abdourahmane Diaw, has received a delegation from the Egyptian African Business Association (EABA). The visit, led by Dr. Yousry El Sharkawy, chairman of the association, took place on 14 March. He was accompanied by Dr. Mohamed Mandour, head of the…

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    • From left to right: African Development Bank’s Secretary General Vincent Nmehielle and the Governor of the Central Bank of Egypt Hassan Abdalla
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Source: African Development Bank Group (AfDB) |

Sharm El Sheikh gets ready for the African Development Bank’s Annual Meetings

Up to 4,000 participants are expected to attend the 2023 Annual Meetings at the Sharm El Sheikh International Conference Center

After successfully hosting COP27 in November 2022, the Egyptian resort city of Sharm El Sheikh is preparing for the African Development Bank Group’s (www.AfDB.org) Annual Meetings in May. A preparatory mission to Cairo and Sharm El Sheikh led by the Bank’s Secretary General Vincent Nmehielle expressed satisfaction with the progress made to date…

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

Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million…

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

African Development Bank Group (AfDB)

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    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana
    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

The physical sessions will take place at the Accra International Conference Centre

Ghana will host the African Development Bank Group’s 2022 Annual Meetings (AM.AfDB.org) from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online.…

African Development Bank Group (AfDB)
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G20 Compact with Africa Reaffirms Commitment to Securing Africa’s Recovery from Covid-19 Pandemic through Private Sector Development and Vaccine Manufacturing

The Compact with Africa is a G20 initiative that promotes macroeconomic, business and financing reforms to attract more private investment in Africa

Participants of a G20 Compact with Africa meeting this week assessed Africa’s progress in fighting the Covid-19 pandemic. “We are meeting at a pivotal time in the relationship between Africa and the rest of the world,” said Italian prime minister Mario Draghi. The Compact with Africa is a G20 initiative…

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

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…