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

African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders

Room2Run will create space for more lending in pursuit of development agenda

Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance…

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

Technology and innovative finance key to reaching end users in the value chain through technology: African Development Bank at Global Infrastructure Forum 2018

Innovative finance and new technology will connect underserved populations Results: lower costs for off-grid electricity supply, benefits consumers

New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods and services to end users, and connecting underserved populations to business value chains, said the African Development Bank (https://www.AfDB.org) during a session at the Global Infrastructure Forum 2018 on Saturday. This…

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…

Source: African Development Bank Group (AfDB) |

African Development Bank, mariner investment group, and africa50 price landmark $1 billion impact securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…

Source: African Development Bank Group (AfDB) |

African Development Bank, Mariner Investment Group, and Africa50 Price Landmark $1 Billion Impact Securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…

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

African Development Bank President Adesina calls for emerging agriculture technologies to optimize farmers' output

Africa should be the breadbasket of the world, has no reason spending US$ 35 billion a year importing food, Adesina tells Agriculture conference in U.S.

The President of the African Development Bank Group (www.afdb.org), Akinwumi Adesina, has made an urgent call to give farmers across the continent new technologies with the potential to transform agricultural production. Adesina said the technology transfer was needed immediately and that evidence from countries like Nigeria demonstrated that technology plus strong government…

Source: African Development Bank Group (AfDB) |

African Development Bank Launches Coding for Employment Program: Unleashing Africa’s Next Generation of Digital Innovators

Over the last 15 years, the African Development Bank has invested US $1.64 billion in programs to prepare youth for careers in science, technology and innovation

The African Development Bank (www.AfDB.org), together with partners – The Rockefeller Foundation (www.RockeFellerFoundation.org), Microsoft (www.Microsoft.com) and Facebook (www.Facebook.com) – launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this…

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

Korea ready to share its technological and industrial revolution experience with Africa, says President Moon Jae-in

The Chairman of the African Union and Rwandan President, Paul Kagame noted that holding the Annual Meetings in Busan presents a unique opportunity to enforce the growth cooperation between Africa and the Republic of Korea

Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution. His message came at the opening ceremony of the 53rd Annual Meetings of the African Development Bank (https://AM.AfDB.org/en). “Africa is no longer the sleeping lion.…

Source: African Development Bank Group (AfDB) |

Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings

The Bank and the Republic of Korea also signed an agreement with the intent to provide up to $600 million towards the energy sector

The Government of Korea and the African Development Bank (www.AfDB.org) have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa.…