Source: African Development Bank Group (AfDB) |

Put small-scale traders at the heart of efforts to accelerate trade and investment in Africa post COVID-19

The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank

Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives. The joint webinar, organized on Tuesday by  the African Development…

Source: African Development Bank Group (AfDB) |

Africa Industrialisation Day: African Development Bank calls for Faster Industrialisation of African Economies

The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies

At the forefront of promoting smart industrial policies and mobilising infrastructure development funding for Africa, the African Development Bank (https://www.AfDB.org/) on Africa Industrialization Day 2020, urges the continent to accelerate industrialization for the transformation of African economies. The African Development Bank counts Industrializing Africa as one of its High-5 key…

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

COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair

The former UK prime minister addressed a virtual audience on the topic Building Back Better in Post COVID-19 Africa: The Role of Technology and Governance, as part of the Kofi A. Annan Lecture Series

We have the same problems but what we also have is vastly increased urgency – Blair; Agriculture offers Africa its best opportunity for industrialization…the key is how does Africa raise productivity, develop the integrated technology in rural areas? - Adesina The COVID-19 pandemic has exposed the challenges and opportunities of…

Source: African Development Bank Group (AfDB) |

Uganda: African Development Bank grants $500,000 for capacity development of Micro, Small and Medium Enterprises (MSMEs) within the petroleum sector

The project aims to support inclusive private sector growth and the creation of an estimated 500 jobs along the pipeline

The African Development Bank (www.AfDB.org) and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project. The project’s overall objective is to help develop capacity of local…

Source: African Development Bank Group (AfDB) |

Indo-Africa Summit panel calls for strong Public-Private Partnerships (PPPs) to close Africa’s infrastructure gap, strengthen trade

The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model for Africa

Panelists at the IMC Indo-Africa Summit called for stronger public-private partnerships to close Africa’s infrastructure gap and speed up intra-continental and world trade. The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model…

Source: African Development Bank Group (AfDB) |

African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa

They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future

The continent’s largest development finance institutions have emphasized that a sustained and collaborative approach among development partners to scale up project development activities, will boost the number of bankable projects attracting investor interest and contribute to closing the infrastructure finance gap in Africa. They spoke during a panel event to…

Source: African Development Bank Group (AfDB) |

African Development Bank Makes Pitch for Strategic Partnerships with Nordic Businesses

AfDB interested in transformational agro value chain industrialization projects which add value to competitively-produced commodities in Africa – VP Quaynor

At a webinar held Thursday by the Nordic-African Business Association (NABA), African Development Bank (https://www.AfDB.org/) Vice President Solomon Quaynor made a powerful case for strategic investment opportunities in Africa. The digital webcast, organized by NABA, the Norwegian Ministry of Foreign Affairs, Scatec Solar and Africa Finance Corporation (AFC), was part…

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

African Development Bank named to the board of World Business Angels Investment Forum

The Forum engages with a wide range of institutions to help shape the global agenda

The World Business Angels Investment Forum today announced the African Development Bank (www.AfDB.org) as its newest Board Member. In this capacity the Bank will represent Africa’s early-stage equity markets, entrepreneurship and startup ecosystems, small and medium enterprises and high-growth businesses, angel investors, and private equity funds. Abdu Mukhtar, the Bank’s…

Source: African Development Bank Group (AfDB) |

Au revoir, Abidjan - Hello, Accra: African Development Bank 2021 Annual Meetings to be held in Ghana

The Bank’s Annual Meetings represented a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agenda

Ghana will host the African Development Bank’s (https://www.AfDB.org/) next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings. The 2021 meetings will take place in the country’s capital city, Accra. Côte d’Ivoire Planning Minister Niale Kaba, handed over the baton to Ghana,…

Source: African Development Bank Group (AfDB) |

CORRECTION: Curtain falls on the African Development Bank 2020 Annual Meetings as Governors endorse President Adesina’s bold development program

Adesina: "I am deeply grateful for the collective trust, strong confidence and support of our shareholders”

Newly reelected African Development Bank (www.AfDB.org) President Akinwumi Adesina voiced great optimism about Africa’s future as the institution closed its 55th Annual meetings. The Bank’s Board of Governors today unanimously voted for a second five-year term for Adesina, giving him a mandate to renew a focus on the institution’s priorities,…