We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): Norway bolsters Africa's climate defenses with $6.5 million disaster financing pledge to African Development Bank

Norway becomes the fifth donor country to Africa Disaster Risk Financing Programme Multi-Donor Trust Fund

Norway has announced a financial commitment of 70 million Norwegian Krone ($6.5 million) for an African Development Bank Group (www.AfDB.org) programme to boost Africa’s resilience and responsiveness to climate shocks. With the pledge, Norway becomes the fifth country to join the Bank Group’s Africa Disaster Risk Financing Programme (ADRiFi) Multi-Donor…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • (L-R) Prof. Kevin Urama, Chief Economist/Vice President for Economic Governance & Knowledge Management, African Development Bank Group, Ms. Ellen Cathrine Rasmussen, Executive Vice President, Norfund, Mr. Hans Olav Kvalvaag, CEO, Release by Scatec and Prof Dan Banik of the University of Oslo in a panel discussion in Norway
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Group Chief Economist Kevin Chika Urama urges Nordic and Irish entrepreneurs in to make Africa their business and investment destination

According to Urama, agriculture and energy in Africa offer huge opportunities for trade and investment with Nordic countries

The African Development Bank Group’s (www.AfDB.org) Chief Economist, Prof Kevin Chika Urama, has urged entrepreneurs in Nordic countries and Ireland to make Africa their business and investment destination. Prof Urama, on an official visit to Denmark, Finland, Ireland, Norway and Sweden between 25-29 September, said Africa’s population boom - projected…

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

African Legal Support Facility receives £2.6 million from Norway, UK, to boost debt management capacity, other activities in low-income countries

The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support the 2021 and 2022 work programs of the ALSF

The governments of Norway and the United Kingdom have extended grants of around £2.6 million to the African Legal Support Facility (ALSF) to support its activities over the next two years. The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support…

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

African Development Bank Makes Pitch for Strategic Partnerships with Nordic Businesses

AfDB interested in transformational agro value chain industrialization projects which add value to competitively-produced commodities in Africa – VP Quaynor

At a webinar held Thursday by the Nordic-African Business Association (NABA), African Development Bank (https://www.AfDB.org/) Vice President Solomon Quaynor made a powerful case for strategic investment opportunities in Africa. The digital webcast, organized by NABA, the Norwegian Ministry of Foreign Affairs, Scatec Solar and Africa Finance Corporation (AFC), was part…

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

Global and African Leaders welcome Launch of Global Center on Adaptation (GCA) Africa as “Historic Moment to Accelerate Adaptation” on the Continent

GCA Africa will work with partners across the continent to scale and accelerate adaptation action that protects African communities from the impacts of climate change

The Global Center on Adaptation (GCA.org) today announced the launch of its regional office in Côte d’Ivoire. Hosted by the African Development Bank (www.AfDB.org) at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the continent to scale and accelerate adaptation action that protects African…

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

African Development Bank wins industry gong for pioneering 2019 social bond issue

This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors

The African Development Bank (www.AfDB.org) received on 30 March 2020 an award for its successful one billion Norwegian krone (NOK) social bond issued in 2019. This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors. "It…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
  • Links (1)
  • All (3)
Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…

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

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain

The African Development Bank’s (www.AfDB.org) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, SEFA, the Sustainable…

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

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions

First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank (https://www.AfDB.org). The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable…

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

Despite challenges, Africa's debt is still under control says African Development Bank

In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity

The African Development Bank (www.AfDB.org) remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to…