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African Development Bank Group (AfDB)

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    • A screenshot of some of the youth entrepreneurs pitching business ideas during the virtual Africa Tech Startup Forum organized by AfDB’s Innovation and Entrepreneurship Lab
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Source: African Development Bank Group (AfDB) |

African Youth Tech Venture Entrepreneurs Embark on Groundbreaking Korean Innovation Tour

Financially supported by the Korea-Africa Economic Cooperation Trust Fund, the Africa Tech Startup Forum is part of the African Development Bank’s broader Jobs for Youth in Africa Strategy

Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

African Development Bank Group (AfDB)

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    • The electricity highway between Ethiopia and Kenya represents a technological advance for electricity transmission
    • The project is a model of sustainability, allowing better integration of wind power, Solar and hydroelectricity into regional networks
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Source: African Development Bank Group (AfDB) |

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and…

African Development Bank Group (AfDB)

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    • AfDB Vice President Dr. Beth Dunford (r) at a and Mastercard Executive Vice President Tara Nathan at recent MADE Alliance Africa event
    • Dr. Beth Dunford, AfDB Vice President
    • AfDB Vice President Dr. Beth Dunford with smallholder farmers in Nigeria who are benefitting from Bank agricultural technologies
    • MADE Alliance Africa aims to connect millions of smallholder farmers and women in Africa with digital services
    • World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent
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Source: African Development Bank Group (AfDB) |

World Food Day: How the new Mobilizing Access to the Digital Economy (MADE) Alliance will use digital technologies to help farmers in Africa feed the continent

The African Development Bank aims to bring 3 million farmers in Kenya, Tanzania and Nigeria into the digital economy via Mastercard Community Pass

The African Development Bank Group (www.AfDB.org) and Mastercard are co-chairing a new initiative called Mobilizing Access to the Digital Economy (MADE) Alliance Africa, which aims to provide digital access to critical services for 100 million people and businesses in Africa over the next 10 years. In the first phase of…

African Development Bank Group (AfDB)

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    • The African Development Bank will provide the tools that are needed to digitize the Comorian economy
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Source: African Development Bank Group (AfDB) |

Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy

The Bank’s financing consists of 4.02 million euros provided by the African Development Fund, the Bank’s concessional loan agency, and a further 5.49 million euros provided by the Bank’s Transition Support Facility

The Board of Directors of the African Development Bank (AfDB) Group (www.AfDB.org) has approved financing of 9.51 million euros to the Comoros for implementation of the Project to Support the Digitization of the Comorian Economy. With a total cost of 22.53 million euros, the Bank’s financing consists of 4.02 million…

African Development Bank Group (AfDB)

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    • Central African Republic: New digital era dawns with debut of high-speed internet cable (1)
    • Central African Republic: New digital era dawns with debut of high-speed internet cable (2)
    • Central African Republic: New digital era dawns with debut of high-speed internet cable (3)
    • Central African Republic: New digital era dawns with debut of high-speed internet cable (4)
    • Central African Republic: New digital era dawns with debut of high-speed internet cable (5)
    • Central African Republic: New digital era dawns with debut of high-speed internet cable (6)
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Source: African Development Bank Group (AfDB) |

Central African Republic: New digital era dawns with debut of high-speed internet cable

Funded by the African Development Bank and the European Union to the tune of €33 million, the new cable, is now rapidly ushering the Central African Republic (CAR) into a new and unprecedented digital age

Junior is a young student at a technical college in Bangui, capital of the Central African Republic, getting set to resume studies at the University of Bangui. From childhood, he has restlessly pursued interesting and ambitious ideas. A recent one: building a humanoid robot called “Mama Africa", to raise awareness…

African Development Bank Group (AfDB)

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    • Watch the video announcement and promo clip representing the Bank’s winning communications at the Salute to Excellence Awards
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Source: African Development Bank Group (AfDB) |

African Development Bank Group women and gender communications campaign wins National Association of Black Journalists Salute to Excellence Award

The Bank clinched the National Association of Black Journalists’ online public relations and marketing award category honor for the month-long Bank “Gender in Focus” digital campaign embracing International Women’s Day in March 2023

America’s largest organization of journalists and media-related professionals of colour has named the African Development Bank Group (www.AfDB.org) a “Salute to Excellence Award” winner for Bank communications observing International Women’s Day and its “Gender in Focus” series. The Bank clinched the National Association of Black Journalists’ online public relations and…

African Development Bank Group (AfDB)

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    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (1)
    • Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation (2)
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Source: African Development Bank Group (AfDB) |

Esther Kimani, 2022 Youth Adapt Winner Awarded 2024 Africa Prize for Engineering Innovation

Kimani’s winning invention is an advanced early detection system, designed to detect crop pests and diseases swiftly, which can reduce crop losses by up to 30% and increase yields by as much as 40%

Esther Kimani, a 2022 YouthADAPT winner, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering on June 13 in Nairobi, Kenya. YouthADAPT is sponsored by the African Development Bank (www.AfDB.org) and the Global Center on Adaptation under the Africa Adaptation Acceleration Program (AAAP) (https://apo-opa.co/3XZTJch).  Innovative…

African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank, the World Bank, the EU and governments of Cape Verde, Spain, Portugal and Luxembourg at the Cabo Verde Tech Park in Praia with Park staff members
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Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank-supported Tech Park Impresses International Delegation with Rapid Growth and Economic Impact

The Park has quickly established itself as a thriving technology hub, surpassing expectations in less than a year of operation

A high-level donor delegation that included the African Development Bank (www.AfDB.org) has expressed strong admiration for the Cabo Verde Tech Park during a recent visit, highlighting its rapid growth, full occupancy, and role in diversifying the country's economy. The delegation – which also included representatives of the European Union, World…

African Development Bank Group (AfDB)

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    • Senior leaders from the African Development Bank and the Japan International Cooperation Agency met in Tokyo to align on key priorities
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Source: African Development Bank Group (AfDB) |

African Development Bank and Japan International Cooperation Agency (JICA) Align Priorities Ahead of 9th Tokyo International Conference on African Development (TICAD9) Summit

JICA expressed interest in cooperation opportunities, particularly in Nigeria and Ethiopia

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have underscored the critical need for blended and innovative finance mechanisms to back Africa’s efforts to tackle climate change. In a meeting held in Tokyo on 20 June 2024, both sides agreed that providing more productive concessional…