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    • The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…

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    • (L-R) President, African Development Bank Group, Dr. Akinwumi Adesina and EkitiState Governor, Biodun Abayomi Oyebanji, during an official meeting with the Bank’s President in Lagos
    • Lamin Barrow, Director General, African Development Bank Nigeria Country Department (5th from left); Stanley George, Director, International Economic Relations Department, Federal Ministry of Finance ( 6th from left) and Akintunde Oyebode, Ekiti State Commissioner for Finance and Economic Development (7th from left), during EKZ loan negotiation agreement meeting at the Bank’s Office in Abuja, Nigeria
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Catalyzing Digital Innovation: African Development Bank commits $80 million to Ekiti Knowledge Zone Project in Nigeria

State-led pioneering special economic zone project, designed to foster linkages between educators, researchers, innovators, entrepreneurs, and industries, all within one location

In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for this state-led pioneering…

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    • Project managers from the African Development Bank and Tunisian public partner institutions at the RASME solution launch seminar in Tunisia
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Tunisia Launches cutting-edge Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) Tool for Project monitoring

RASME’s rollout in Tunisia includes a training, communication, and change management program

The African Development Bank Group (www.AfDB.org) has launched the Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) initiative in Tunis to strengthen the supervision of development projects using cutting-edge processes. RASME, a collaborative effort between the Bank Group, the World Bank's Geo-Enabling for Monitoring and Supervision initiative, and KoBoToolbox (www.KoBoToolbox.org), provides…

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African Development Bank and Trade and Development Bank (TDB) join forces to deploy clean technologies to cut carbon emissions in Africa

The new capital, to be sourced from the Clean Technology Fund (CTF), will also support the establishment of a project preparation facility to boost investment in clean technologies

The African Development Bank Group (www.AfDB.org) has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group’s (TDB Group) pioneering Class C Green+ shares to support clean technology and low carbon projects in its member states. The new capital, to be sourced from the Clean…

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    • AfDB President Dr Akinwumi Adesina (third left) hosted Africa-based CGIAR Directors General at the Bank's HQ in Abidjan to discuss ways to strengthen food and agricultural productivity in Africa
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African Development Bank Group and research centres to transform African agriculture and improve food security

With 65% of global uncultivated arable land, the African Development Bank believes that the continent can feed itself and the rest of the world

The African Development Bank Group (www.AfDB.org) and the Consortium of International Agricultural Research Centres (CGIAR) committed on Thursday to strengthen their collaboration to increase food production and provide better nutrition for Africa's growing population. With 65% of global uncultivated arable land, the African Development Bank believes that the continent can…

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    • Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway
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    • Discours de M. Akinwumi A. Adesina, président du Groupe de la Banque africaine de développement
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Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway

The European Investment Bank will be a partner in the Foundation’s regional biosimilars program for the production and innovation of relevant biosimilars in Africa

Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for the Foundation’s operationalisation. The Foundation also signed a memorandum of understanding with the European Investment…

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    • African Development Bank interventions help to push Africa's digital boundaries further. Photo: Bank Group President Dr Akinwunmi Adesina meeting with U.S Ambassador to Côte d'Ivoire Jessica Davis Ba
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United States (U.S.) and African Development Bank Collaborate to Accelerate Africa’s Digital Transformation

The initiative builds on the African Development Bank's $2 billion investment in digital infrastructure, which includes regional and national broadband development

The U.S. Commercial Service and the African Development Bank (www.AfDB.org) have announced a new strategic collaboration in a move to drive digital transformation across Africa. Unveiled on the sidelines of the Africa Tech Festival held in Cape Town, South Africa, this collaboration paves the way for a series of dialogues on…

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    • Call for applications - YouthADAPT Challenge 2023: empowering Africa’s female tech innovators to tackle climate change
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Call for applications - YouthADAPT Challenge 2023: empowering Africa’s female tech innovators to tackle climate change

The winners will be awarded $100,000 each, alongside mentorship and coaching to further their climate change adaptation solutions and business ideas

The Africa Adaptation Acceleration Program (https://apo-opa.info/3s7IvoI), a joint initiative of the African Development Bank (http://www.AfDB.org) and the Global Center on Adaptation, has launched a call for applications for the third edition of the YouthADAPT Challenge, which seeks to support young entrepreneurs driving solutions to tackle climate change. The annual YouthADAPT…

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Africa’s Sustainable Development Goals (SDGs) progress uneven, requires accelerated efforts to meet the 2030 deadline - report

The report assessed Africa’s progress in implementing five main SDGs, highlighting progress, the challenges, and the numerous opportunities for improving Africa’s development prospects

Africa’s progress on the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063 aspirations has been uneven, with significant differences among subregions, countries, and rural and urban areas. This calls for accelerated efforts to ensure that Africa achieves the global goals by the 2030 deadline, the latest Africa Sustainable…

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African Development Bank and Korea Environmental Industry and Technology Institute (KEITI) sign agreement to deploy environmental and climate-resilient technologies in Africa

Through this partnership, Korea will share technology, experience, and knowledge with the bank’s African member countries

The African Development Bank (www.AfDB.org) and the Korea Environmental Industry and Technology Institute (KEITTI) (https://apo-opa.info/3Pshxj7) have signed a joint technical assistance agreement to enable the scale up of investment in low-carbon and climate-resilient technologies. This will ultimately support climate change mitigation and adaptation efforts in many African countries. The two…