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

African Development Bank Rebuts World Bank President’s comments on Africa’s debt profile

The African Development Bank’s Africa Legal Support Facility (ALSF) supports countries to negotiate terms of their royalties and taxes to international companies, and terms of their non-concessional loans to some bilateral financiers

In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank (https://www.AfDB.org), have a tendency to lend too quickly and in the process, add to the continent’s debt problems. Download Document: http://bit.ly/3btFgKW This statement is inaccurate and not fact…

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

African Union (AU) Summit: First continental report on implementation of Agenda 2063 unveiled

The report provides an assessment of the progress and performance of Africa’s development between 2013 and 2019

The African Development Bank (http://www.AfDB.org/), the United Nations, and the African Union on Saturday acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation. The call was made on Saturday at the launch of the first report on the implementation…

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

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa

For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure for good returns in long-term GDP; “Youth unemployment must be given top priority. With 12 million graduates entering the labor market…

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

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

“My ringing of the bell here today, marks the beginning of a new exciting, strategic, and impactful engagement.” – African Development Bank President Akinwumi Adesina

Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank (https://www.AfDB.org/) to open markets for trading at London Stock Exchange on Wednesday 22 January. The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place…

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

British Prime Minister, African Leaders urge Investors to accelerate Economic Role on the Continent

The UK-Africa Investment Summit, the first of its kind hosted by the UK Government, was attended by the foreign secretary, Dominic Raab, the international development secretary, Alok Sharma, and Prince Harry

UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President…

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

CORRECTION - African Development Fund (ADF)-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

ADF-15 will support Africa’s most vulnerable countries by tackling the root causes of fragility, strengthening resilience, and mainstreaming cross-cutting issues

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

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

25th United Nations Climate Change conference (COP 25): ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals

Speakers called for a united front to tackle the challenges of climate change in Africa

There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa. In the opening statement for Africa…

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

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

To follow in the footsteps of my big brother President Paul Kagame of Rwanda, who won the award in 2018, is an honour beyond description – Akinwmi Adesina

African Development Bank (https://www.AfDB.org/en) President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The…

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

African Development Fund (ADF-15) replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

The Fund comprises 32 contributing states and benefits 37 countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

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

Donors to announce financing package for Africa’s low-income countries as African Development Fund (ADF-15) Replenishment concludes

“Creating an Enabling Environment for Inclusive and Sustainable Growth and Transformation, Decent Jobs and Greater Resilience”

What: 15th Replenishment of the African Development Fund (ADF) Who: The African Development Fund, Donor Governments When: 4-5 December 2019 Where: African Pride Irene Country Lodge, Centurion, South Africa Representatives of donor governments will meet from 4-5 December in Centurion, South Africa, to conclude the 15th Replenishment of the African…