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African Development Bank Group (AfDB)

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    • ABN Group Chairman Rakesh Wahi (center) presenting the ‘African of the Decade’ award to Dr. Adesina (second from left) in the company of his wife, Grace (fourth from left), and Roberta Naicker, ABN Group Managing Director (far right)
    • African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

The awards committee highlighted Adesina’s innovative collaborations, including leading the African Development Bank in a groundbreaking partnership with the World Bank to provide electricity access to 300 million Africans

In a milestone celebration of African leadership, Dr. Akinwumi Adesina's decade-long impact on continental development has earned him the inaugural "African of the Decade" award. The African Development Bank Group (www.AfDB.org) President received this distinguished honor (https://apo-opa.co/3DfQd5i) at last week's Africa Investment Forum in Rabat, marking a defining moment in…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Market Days 2024: The African Development Bank (AfDB), Development Bank of Southern Africa (DBSA) and institutional investors sign agreement for new African multi-originator synthetic securitization platform
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Market Days 2024: African Development Bank (AfDB), Development Bank of Southern Africa (DBSA) and institutional investors sign agreement for new African multi-originator synthetic securitization platform

The proposed multi-originator synthetic securitization platform is being designed as a revolving, evergreen vehicle to de-risk the balance sheets of development finance institutions operating in Africa

The African Development Bank Group (www.AfDB.org), together with the Development Bank of Southern Africa (DBSA) and key institutional investors Academy Securities, Africa50, and Newmarket, today signed a Letter of Intent to explore the establishment of a multi-originator synthetic securitization transaction. The signing took place during the Africa Investment Forum 2024…

African Development Bank Group (AfDB)

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    • Members of the first sub-panel discussed the question: “How can funds be best used to support essential services and the development of our cities?”
    • The focus of the second sub-panel was: “How to mobilise capital for urbanisation projects in Africa?”
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: Africa, the most urbanised continent by 2050, needs more investment to prevent a surge in shanty towns (experts warn)

Diversification of investment needs to go hand in hand with appropriate measures and provisions put in place by national governments and urban authorities

Africa’s urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns. This was the conclusion shared by experts at a round-table…

African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank and Bank of Africa Maroc at the signing of the risk-sharing agreement at the African Investment Forum
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of Small and Medium-sized Enterprises (SMEs) and boost African trade

The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks in their international operations

The African Development Bank (www.AfDB.org) and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco. The risk-sharing agreement will…

African Development Bank Group (AfDB)

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    • SACE and African Development Bank Group to work together under the “Mattei Plan”
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Source: African Development Bank Group (AfDB) |

SACE and African Development Bank Group to work together under the “Mattei Plan”

Collaboration between SACE and the African Development Bank Group to sustain the development of initiatives with Africa’s public and private sectors, with additional opportunities for Italian businesses in education, agribusiness, healthcare, energy, water and infrastructure

SACE, the Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance, and the African Development Bank Group (www.AfDB.org), today signed a collaboration agreement to provide credit protection to foster investment in Africa, under the “Mattei Plan”. The signing took place…

African Development Bank Group (AfDB)

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    • Africa Investment Forum 2024: Turning Continent’s Potential into Bankable Opportunities
    • “The long-awaited rise of our continent rests on securing financing and we must act collectively to achieve this,” said Morocco’s Minister of Economy and Finance Nadia Fettah Alaoui
    • African Development Bank Group President Dr. Akinwumi Adesina announced that $15 billion in deals have already been originated this year, with 41 boardrooms ready for follow-up discussions
    • Representatives of the nine Africa Investment Forum have charted the course for 2024 Market Days’ success
    • 1,000 delegates are attending the Africa Investment Forum Market Days, which have since inception generated $180 billion of investor interests and closed transactions worth $30 billion
    • Youth group energizes 2024 Africa Investment Forum Market Days with electrifying music performance
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: Turning Continent’s Potential into Bankable Opportunities

Private capital in Africa will be more attractive than other emerging markets in five years’ time

$15 billion in deals already originated Private capital in Africa will be more attractive than other emerging markets in five years’ time Africa has the lowest infrastructure default rates in the world—Moody’s Analytics The Africa Investment Forum kicked off its 2024 Market Days in Rabat, Morocco, with leaders highlighting the…

African Development Bank Group (AfDB)

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    • Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Top African Investors Gather in Casablanca Ahead of 2024 Market Days

Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close

A group of top African investors made a stop in Casablanca, Morocco, on Tuesday, November 12 to mobilise Moroccan investors and business leaders a few weeks ahead of the Africa Investment Forum’s Market Days event. The Africa Investment Forum, an initiative of the African Development Bank Group and eight other…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina (center left) with TDB President Admassu Tadese during a meeting of AIF founding partners in Washington, DC October 2024
    • Meeting of AIF founding partners in Washington, DC October 2024
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum welcomes Arab Bank for Economic Development in Africa (BADEA) as new partner ahead of the December Market Days in Rabat

The 2024 Market Days will take place from 4-6 December 2024 in Rabat, Morocco, under the theme: “Leveraging Innovative Partnerships for Scale”

The Arab Bank for Economic Development in Africa (BADEA) has joined the Africa Investment Forum (www.AfricaInvestmentForum.com) as a founding partner, marking a new phase in the Forum’s expansion and influence as a catalyst for mega investments into the continent. The official announcement came during a breakfast meeting of heads of the Africa…

African Development Bank Group (AfDB)

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    • The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa

The aim of the cooperation is to strengthen countries’ diversification of production and competitiveness, raise additional tax revenues and create new job opportunities

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA). “The African Development Bank, which is rated AAA by the largest  rating agencies, is joining forces with the Bank of Africa Morocco to…

African Development Bank Group (AfDB)

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    • Water for the future: Tangiers takes steps to secure its blue gold (1)
    • Water for the future: Tangiers takes steps to secure its blue gold (2)
    • Water for the future: Tangiers takes steps to secure its blue gold (3)
    • Water for the future: Tangiers takes steps to secure its blue gold (4)
    • Water for the future: Tangiers takes steps to secure its blue gold (5)
    • Water for the future: Tangiers takes steps to secure its blue gold (6)
    • Water for the future: Tangiers takes steps to secure its blue gold (7)
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Source: African Development Bank Group (AfDB) |

Water for the future: Tangiers takes steps to secure its blue gold

Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a cosmopolitan place and gateway to the great continent of Africa

The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, crossing paths with the crowd heading to offices and a few morning tourists. Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a…