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…

Source: African Development Bank Group (AfDB) |

African Development Bank President Akinwumi Adesina leads delegation to IMF-World Bank Spring meetings

The meeting will be attended by other US government officials and investors

African Development Bank (www.AfDB.org) President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April. Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House…

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…

Source: African Development Bank Group (AfDB) |

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…

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

African Development Bank showcases investment opportunities in Africa to Nordic investors

The Bank presented its strategy for the transformation of African economies and showcased investment opportunities on the continent

The African Development Bank (www.AfDB.org) in a multidisciplinary team roadshows has presented financial products and investment opportunities to Nordic investors to leverage more access to financing. The roadshows brought together more than 50 private sector companies, investors and government and public institutions in Norway, Sweden, Finland, and Denmark. The aim…