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

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives

The Board of the African Development Bank (www.AfDB.org) has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from…

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

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality.…

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

African Development Bank Board approves $4.8 million grant to accelerate African free trade

The grant will also assist efforts towards full ratification of the agreement by all AU member states

On 1 April 2019, the Board of the African Development Bank (www.AfDB.org) approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into…

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

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness small and medium-sized enterprises (SMEs) in Ghana and seven other African countries

The Fund finances the project development cost of a broad range of agriculture infrastructure

Who: The African Development Bank What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) (https://bit.ly/2P94vrr) Date: Wednesday, 17 April 2019, from 9:00 – 11:00am Venue:  African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank (www.AfDB.org) will launch 17 new grant projects…

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

African Development Bank President makes strong case for increased U.S. investment in Africa

Sharing his vision on the leading role of the African Development Bank, Adesina urged American businesses to engage more with the continent

Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank (http://www.AfDB.org), Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play…

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

African Development Bank President Akinwumi Adesina leads delegation to IMF-World Bank Spring meetings

The meeting will be attended by other US government officials and investors

African Development Bank (www.AfDB.org) President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April. Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House…

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

African Development Bank approves $20 million investment in Uhuru Growth Fund, building regional champions across West Africa

Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region

The African Development Bank (https://www.AfDB.org) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle market businesses across West Africa.  Uhuru Partners Limited is composed of an experienced indigenous team with strong local…

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

Equatorial Guinea to host African Development Bank’s 2019 Annual Meetings in Malabo

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

Equatorial Guinea will host the African Development Bank’s (www.AfDB.org) next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the two parties. The Annual Meetings will take place from 11th to 14th June, 2019 in the country’s capital city, Malabo. “The Government and people of…

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

Visiting African Development Bank Governors from West Africa laud Bank’s transformative projects

“The African Development Bank is the answer for Africa’s development,” Governors acknowledge in annual consultative meetings

Governors representing the African Development Bank (www.AfDB.org) West Africa region held consultative meetings with the institution’s President and senior management in Abidjan on Monday, where they took stock of the Bank’s accelerated engagement in the region. Three hundred and seventy transformative Bank projects valued at US $11.3 billion between 2010-2017…

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

African Union Summit: African Development Bank President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar

Adesina commended President Rajoelina for his recent election and vision for his country

African Development Bank (www.AfDB.org) President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho. With President Andrei Rajoelina of Madagascar, discussions focused…