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

Japan and Austria to support private sector climate change investments on the continent

The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally…

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

World Health Day 2019: African Development Bank joins the global call for universal health coverage for all

World Health Day 2019 is a timely opportunity to focus on the inclusion of Africa’s health work force in the development agenda

On the occasion of World Health Day 2019 (https://bit.ly/2TV1ImS), the African Development Bank Group (www.AfDB.org) is renewing its call for firmer commitment to pledges made by countries for universal health coverage for all individuals and communities. In a statement issued Sunday 7 April 2019, Oley Dibba-Wadda, Director of Human Capital,…

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

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance

Bank to launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy baseload; “Desert to Power” initiative enters implementation stage with Yeleen Project in Burkina Faso. The African Development Bank (www.AfDB.org) will double its climate finance commitments for the period 2020-2025, the Bank’s President announced…

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

African road safety leadership program kicks off in Abidjan

The program, which runs till 8th February, is intended to develop leadership capabilities in road safety planning, implementation, management, and operations; and ultimately help reduce the number of road crashes on the roads of Africa

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank) (www.SSATP.org), in collaboration with the African Development Bank (www.AfDB.org), kicked off at the Bank’s Headquarters in Abidjan on 4th February. The program, which runs till 8th February, is…

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

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

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

Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa

The Forum highlighted a solid pipeline of projects and wealth of opportunities ready for investors

“Vision is the art of seeing what is invisible to others,” a saying goes. When African Development Bank (www.AfDB.org) President Akinwumi Adesina laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. One…

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

Africa Investment Forum exceeds expectations, participants unanimously agree

Adesina: “the needle is shifting, pointing to the right direction, pointing to Africa"

The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. The Africa Investment Forum (www.AfricaInvestmentForum.com) ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that…

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) |

African Development Bank President attends Morocco’s Fête du Trône celebrations

In nearly 50 years of partnership, the African Development Bank Group has provided over US$10 billion in development financing to Morocco

The President of the African Development Bank Group (https://www.AfDB.org), Dr. Akinwumi Adesina, participated in the Fête du Trône (Throne Day) ceremony, marking the 19th  anniversary of His Majesty, King Mohammed VI’s accession to the throne. Other international personalities present at the ceremony, which was held on Monday, July 30, 2018…