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    • (L-R) Dr. Fatih Birol, Executive Director, International Energy Agency; Sierra Leone President Julius Maada Bio; United Republic of Tanzania President Dr. Samia Suluhu Hassan; Togolese Republic President Faure Gnassingbé; Norway Prime Minister Jonas Gahr Støre; Executive Vice President of European Green Deal, Interinstitutional Relations and Foresight Maroš Šefčovič; African Development Bank Group President Dr. Akinwumi A. Adesina
    • French President Emmanuel Macron gathered heads of state and international organizations at the Elysee to discuss the outcomes of the Summit on Clean Cooking in Africa
    • In a vibrant speech, Akinwumi Adesina, President of the African Development Bank Group, said it was time to end the spectacle of African women and girls hunched over carrying heavy loads, walking for miles every day, often in unsafe conditions, simply to be able to cook the family's daily meals
    • “To secure resources for clean cooking, this summit must call for an upcoming generous replenishment of the African Development Fund, which includes $12 billion for clean cooking,” urged Samia Suluhu Hassan, President of Tanzania
    • Norwegian Prime Minister Jonas Gahr Støre pledges $50 million for clean cooking in Africa
    • “This summit provided a firm commitment on an issue that has been ignored by too many people for too long,” said Fatih Birol, executive director of the International Energy Agency
    • Dan Jannik Jørgensen, Danish Minister for Development Cooperation and Global Climate Policy, welcomed the African Development Bank's initiative to create a dedicated clean cooking sub-programme under the Sustainable Energy Fund in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank commits $2 billion as it leads the way at landmark summit for access to clean cooking in Africa

The Bank’s pledge of $200 million per year represents an important contribution to the $4 billion per year needed to allow African families to have access to clean cooking by 2030

President Macron praises the African Development Bank (www.AfDB.org) for its catalytical role; Access to clean cooking is about more than cooking, it is about dignity, says Adesina; Tanzania’s President Suluhu calls for generous replenishment of African Development Fund to guarantee resources for clean cooking for Africa’s low-income countries. The African…

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    • Representatives of the African Development Bank, African Fertilizer Financing Mechanism, the Government of Norway and Apollo Agriculture at the Nairobi launch of the Financing for Sustainable Agriculture Management Project
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Source: African Development Bank Group (AfDB) |

Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee

The Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertilizer sales

In a significant step to advance food security in Kenya, the Africa Fertilizer Financing Mechanism (https://apo-opa.co/3W642uA) has launched a project that will help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers, boosting harvests and incomes. Through its Fertilizer Financing for Sustainable Agriculture Management Project (https://apo-opa.co/3QfyVsr), the Mechanism will provide a…

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…

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    • (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
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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…

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…

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…

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…

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    • 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
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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…