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African Development Bank Group (AfDB)

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    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

African Development Bank Group (AfDB)

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    • Visiting the IPD in January 2024, the President of the African Development Bank Group, Akinwumi Adesina ((1st right), announced its support for this important biomedical research centre in Africa
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Source: African Development Bank Group (AfDB) |

Global Partners Invest $45 Million to Boost African Vaccine Production

This collaboration will focus on expanding IPD’s state-of-the-art MADIBA facility, a hub for vaccine manufacturing, while driving job creation and economic growth

In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank (www.AfDB.org), and the International Finance Corporation (IFC) have jointly announced a $45 million financing package for VaxSen, a subsidiary of Senegal’s Institut Pasteur de Dakar (IPD). The…

African Development Bank Group (AfDB)

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    • Vice President Quaynor leads African Development Bank mission to India to strengthen business ties (1)
    • Vice President Quaynor leads African Development Bank mission to India to strengthen business ties (2)
    • Vice President Quaynor leads African Development Bank mission to India to strengthen business ties (3)
    • Solomon Quaynor, Vice President of African Development Bank
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Source: African Development Bank Group (AfDB) |

Vice President Quaynor leads African Development Bank mission to India to strengthen business ties

The delegation participated in a roundtable with 15 Indian pharmaceutical and healthcare infrastructure companies, co-hosted by the Bank and India Exim Bank

An African Development Bank (www.AfDB.org) delegation led by Vice President Solomon Quaynor has concluded a four-day official visit to India to explore investment and trade opportunities and partnerships between Africa and India in pharmaceuticals, agriculture, and technology. During the mission, which took in the cities of New Delhi, Gurgaon and Faridabad,…

African Development Bank Group (AfDB)

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    • The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Source: African Development Bank Group (AfDB) |

Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…

African Development Bank Group (AfDB)

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    • Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway
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    • Discours de M. Akinwumi A. Adesina, président du Groupe de la Banque africaine de développement
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Source: African Development Bank Group (AfDB) |

Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway

The European Investment Bank will be a partner in the Foundation’s regional biosimilars program for the production and innovation of relevant biosimilars in Africa

Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for the Foundation’s operationalisation. The Foundation also signed a memorandum of understanding with the European Investment…

African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…

African Development Bank Group (AfDB)

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    • The African Development Bank’s $11 million equity investment in BluePeak Private Capital Fund will support midsize pharmaceutical and other firms across Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank to make US$11 million equity investment in BluePeak Private Capital Fund

By investing in BluePeak, the African Development Bank will support an indigenous fund manager with a strong knowledge of African markets to invest in underserved small and mid-size companies

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors,…

African Development Bank Group (AfDB)
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Africa Centres for Disease Control and Prevention (CDC) hosts lead partners of Partnerships for African Vaccine Manufacturing (PAVM) for review of vaccine manufacturing ecosystem in Africa

The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives and deliverables for the Partnership for African Vaccine Manufacturing (PAVM) in 2023

The Africa Centres for Disease Control and Prevention (Africa CDC) hosted its lead partners at a meeting on the sidelines of the Africa Health Agenda International Conference 2023 held in Kigali, Rwanda. The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives…

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

The African Development Bank Group (AfDB), Islamic Development Bank (IsDB) join forces to boost Africa’s health defense systems through the pharmaceutical industry

“Through partnerships we go further, increase development effectiveness, harness our synergies” – AfDB VP Solomon Quaynor

The African Development Bank Group (www.AfDB.org) and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting…

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

African Development Bank unveils the African Pharmaceutical Technology Foundation at the 2nd International Conference on Public Health in Africa

The Foundation is expected to boost Africa’s access to technology for manufacturing the full range of pharmaceutical products, focusing on building supply chains

The African Development Bank Group (www.AfDB.org) has formally introduced its new initiative that will join hands with the African Union to boost Africa's capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build its pharmaceutical sector. The African Pharmaceutical Technology Foundation (APTF) was the…