Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar

Adesina commended President Rajoelina for his recent election and vision for his country

African Development Bank (www.AfDB.org) President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho. With President Andrei Rajoelina of Madagascar, discussions focused…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: Lusophone Africa sets sight on US$5 billion in projects under new Development Finance Compact

Adesina: "Today is a day of delight, when we shine the light on a part of Africa that doesn't always get the attention it deserves."

Lusophone countries have identified a pipeline of more than US$5 billion in private sector and private-public partnership (PPP) projects to accelerate growth in their economies. The projects form part of a development finance compact between the Bank, the government of Portugal, and the six Portuguese-speaking countries of Africa - Angola,…

Source: African Development Bank Group (AfDB) |

African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate Change

The international community has pledged to mobilize $100 billion in climate finance per annum by 2020 to support adaptation and mitigation projects in developing countries

Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Of the 10 countries in the world that are most threatened by climate change, seven are in Africa. Cognizant of this situation, the African Development Bank (www.AfDB.org) led the way to what may turn…