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

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness Small and Medium Enterprises (SMEs) in Ghana and seven other African countries

The Agriculture Fast Track Fund (AFT) is managed by the Agriculture and Agro-Industry Department of the African Development Bank

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue: African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…

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

African Development Bank Business Opportunity Seminar - Investing in partnerships for Africa’s transformation

Ethical business model key to successful project delivery by the African Development Bank - participants

The African Development Bank (www.AfDB.org) held a Business Opportunity Seminar (BOS) focused on strengthening and fostering the engagement of the business sector and of other stakeholders to effectively support investment in infrastructure and human development projects. Seeking strategic alliances and potential business opportunities with the Bank, the participants, private-sector representatives, civil…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness small and medium-sized enterprises (SMEs) in Ghana and seven other African countries

The Fund finances the project development cost of a broad range of agriculture infrastructure

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue:  African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…

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

African Development Bank VP Amadou Hott joins new Senegal Cabinet

Amadou Hott joined the African Development Bank in 2016

President Macky Sall of Senegal has announced the appointment of Amadou Hott, Vice President for Power, Energy, Climate and Green Growth at the African Development Bank (www.AfDB.org), as Minister of the Economy, Planning and International Partnerships. According to Dr. Akinwumi Adesina, President of the African Development Bank, "I am delighted…

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

“Coding must be compulsory, at all levels. The currency of the future is going to be coding…We must democratize technology,” Adesina tells Mo Ibrahim Governance Week

Information technology must not be the exclusive privilege of the elite

African Development Bank (www.AfDB.org) President Adesina, on Friday, pleaded for Africans to embrace technology, and governments to urgently move away from “investing in the jobs of the past, but rather in the jobs of the future. A future that is just around the corner.” Adesina was addressing a debateentitled: The New…

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

African Development Bank approves $20 million investment in Uhuru Growth Fund, building regional champions across West Africa

Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region

The African Development Bank (https://www.AfDB.org) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle market businesses across West Africa.  Uhuru Partners Limited is composed of an experienced indigenous team with strong local…

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

Visiting African Development Bank Governors from West Africa laud Bank’s transformative projects

“The African Development Bank is the answer for Africa’s development,” Governors acknowledge in annual consultative meetings

Governors representing the African Development Bank (www.AfDB.org) West Africa region held consultative meetings with the institution’s President and senior management in Abidjan on Monday, where they took stock of the Bank’s accelerated engagement in the region. Three hundred and seventy transformative Bank projects valued at US $11.3 billion between 2010-2017…

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

African Development Bank President Adesina confident of “very promising future” for continent

The Bank expects growth of 4% this year and 4.1% in 2020

"The future of our continent is looking very promising indeed," African Development Bank Group (www.AfDB.org) President Akinwumi Adesina declared in the opening words of his address to diplomats  at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019 (https://bit.ly/2yXn4pr), which noted that…

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

Senegal: New African Delivery Units Network launched

Its purpose is to provide a unique platform for peer learning and sharing of best practices and expertise in the field

The African Delivery Units Network, a unique platform for government delivery units across the continent, has been launched in the Senegalese capital Dakar. The new network, spearheaded by the African Development Bank (www.AfDB.org) and the President Delivery Unit of Senegal (Bureau Operational de Suivi du Plan Senegal Emergent), was launched…