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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…

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

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

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

Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa

The Forum highlighted a solid pipeline of projects and wealth of opportunities ready for investors

“Vision is the art of seeing what is invisible to others,” a saying goes. When African Development Bank (www.AfDB.org) President Akinwumi Adesina laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. One…

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

Africa Investment Forum exceeds expectations, participants unanimously agree

Adesina: “the needle is shifting, pointing to the right direction, pointing to Africa"

The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. The Africa Investment Forum (www.AfricaInvestmentForum.com) ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that…

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

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

The programme’s initial phase is expected to run from 2019 to 2023

The African Development Bank (www.AfDB.org) has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries. The comprehensive programme, open to regional member countries, will enhance their ability to evaluate climate-related risks and…

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

African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators

The training will also address the needs and perspectives of women and men in policymaking and the United Nations Framework Convention on Climate Change processes, adopted on 9 May 1992

African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators:                         Date: 27 September, 2018                         Location: Le Ndiambour Hotel, Dakar, Senegal The African Development Bank (www.AfDB.org)  will conduct a seminar on gender mainstreaming in climate negotiations for the African Group of Negotiators (AGN) in…

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

An emotional tribute in memory of former AfDB President Babacar Ndiaye

Babacar Ndiaye, the Bank Group's fifth elected President, who served two terms between 1985 and 1995, passed away on July 13, 2017 in Senegal

"Goodbye, Papa, farewell to the ambassador for Africa's development, rest in peace." In an intensely emotional tribute, the President of the African Development Bank (AfDB) (www.AfDB.org), Adesina Akinwumi, opened a ceremony honouring Babacar Ndiaye at the organisation's headquarters in Abidjan. Photo album:  http://APO.af/LQgqUF Watch the tribute video: http://APO.af/AuYy5N  (French) Adesina announced…

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

Programme for Infrastructure Development in Africa (PIDA) Week 2016 Pens with Calls for Accelerated Job Creation through Infrastructure Development for Africa’s Transformation

This year’s gathering organized under the theme, “Creating Jobs through Regional Infrastructure Development,” has drawn over 250 participants and stakeholders representing Member States, private sector, development partners and project owners

Africa has to provide employment opportunities for its youth if it is to harness their potential and contribute to the desired economic growth outlined in the vision of Agenda 2063. The call was made by officials from the African Union (AU) (www.AU.int), the NEPAD Agency (www.NEPAD.org) and the African Development…