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African Development Bank Group (AfDB)

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    • From left: Luísa Diogo, former Prime Minister of Mozambique, Dr. Akinwumi A. Adesina, President of the African Development Bank Group, Jamie Cooper, Founder and President of Big Win Philanthropy and Co-Chair of AMALI, Dr. Nkosazana Dlamini-Zuma, Minister of Cooperative Governance and Traditional Affairs of South Africa, Alan Winde, Premier of the Western Cape. Image source: African Mayoral Leadership Initiative (AMALI)
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Source: African Development Bank Group (AfDB) |

“Let Us Act to Transform Africa’s cities”—African Development Bank President to African Mayors

African Development Bank Group President, Dr Akinwumi A. Adesina, assures mayors at the African Mayoral Leadership Initiative (AMALI) of the Bank’s support to creatively and sustainably transform their cities

By 2050, the number of people living in African cities is expected to double from about 600 million to 1.2 billion, representing the most rapid rate of urbanisation in the world. This poses significant development challenges, which will require innovative, African-led solutions. In rousing remarks to the mayors of 15…

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

In South Africa, medical trains boost mental health services to rural communities

“We want to be the adults that children can speak to” – Nthombi Pukwana, clinical psychologist, Transnet Phelophepa train

The observance of World Mental Health Day in October, gave us a chance to reflect on the transformative impact of Transnet’s Phelophepa medical train on mental health services in South Africa. Phelophepa has been providing healthcare to rural communities in South Africa for more than 20 years. Darling, Western Cape,…

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

South Africa: Development Bank of Southern Africa to receive ZAR 2.2 billion Line of Credit for portfolio expansion

The facility will provide long-term funding to DBSA, augmenting internally generated funds as well as loans from other Development Finance Institutions and commercial lenders

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved  a ZAR 2.2 Billion line of credit facility to the Development Bank of Southern Africa to build out its portfolio with strategic projects in energy, infrastructure, and communications technology within the Southern Africa region and across the African…

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

Joint Statement of the Government of the Republic of South Africa and the African Development Bank in relation to South Africa’s Just Energy Transition process

The African Development Bank is playing a leading role in supporting African countries on their just energy transition journeys with policy advice, technical assistance, and financing

South Africa submitted an ambitious Nationally Determined Contribution (NDC) prior to COP 26. At COP26, the South African government also forged the Just Energy Transition Partnership (JETP) jointly with the governments of the United Kingdom, the United States, France, Germany and the European Union. Under the JETP, partner governments pledged…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi A. Adesina, President of the African Development Bank (left) and Gwede Mantashe, South Africa's Minister of Minerals and Energy, held a bilateral meeting on 25 March 2022
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Source: African Development Bank Group (AfDB) |

South Africa’s energy transition needs full financial support, says African Development Bank Group President

The African Development Bank estimates that South Africa would need more than $30 billion for transition to renewable energy

African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy. Adesina told Minister for Mineral Resources and Energy, Gwede Mantashe, that the Bank was in the process of setting up an African…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (1)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (2)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (3)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (4)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Head Celebrates Food ‘Milestone for Africa’ at the Launch of First Special Agriculture Industrial Zone in Mozambique

As war in Ukraine threatens Africa’s food supplies, African Development Bank head says agricultural zones hold the key

African Development Bank head Akinwumi A. Adesina (www.AfDB.org) joined President of the Republic of Mozambique Filipe Jacinto Nyusi, to launch the “milestone” Pemba-Lichinga Integrated Development Corridor on Saturday, in Mozambique’s northern Niassa province. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank…

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

Radio News Release (Soundbite): African Development Bank pledges $2.8 billion to South Africa over five years

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African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

African Development Bank Group (AfDB)

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    • “We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022
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Source: African Development Bank Group (AfDB) |

South African Investment Conference Highlights Nation’s Resilience

African Development Bank pledges $2.8 billion to South Africa over five years

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Akinwumi Adesina begins official visit to South Africa

Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders

African Development Bank head Dr. Akinwumi A Adesina (www.AfDB.org) is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development…

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

The African Development Bank Group approves a Borrowing Policy to strengthen Debt Sustainability in Low-income Countries

The new policy primarily targets recipients of the African Development Fund, the concessional window of the Bank Group

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new policy that aims to strengthen debt sustainability among low-income African countries. The Board approved the Sustainable Borrowing Policy on 23 February 2022. The new policy primarily targets recipients of the African Development Fund, the concessional…