Source: African Development Bank Group (AfDB) |

African Development Fund (ADF-15) replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

The Fund comprises 32 contributing states and benefits 37 countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

Source: African Development Bank Group (AfDB) |

Donors to announce financing package for Africa’s low-income countries as African Development Fund (ADF-15) Replenishment concludes

“Creating an Enabling Environment for Inclusive and Sustainable Growth and Transformation, Decent Jobs and Greater Resilience”

What: 15th Replenishment of the African Development Fund (ADF) Who: The African Development Fund, Donor Governments When: 4-5 December 2019 Where: African Pride Irene Country Lodge, Centurion, South Africa Representatives of donor governments will meet from 4-5 December in Centurion, South Africa, to conclude the 15th Replenishment of the African…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $400 million to support Mozambique’s ambition to become global Liquefied Natural Gas (LNG) player

Mozambique is expected to become one of the world’s largest LNG exporters and its gas represents an important source of supply diversification

The Board of Directors of the African Development Bank Group (https://www.AfDB.org) on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique. The Mozambique LNG Area 1 Project, ranked Africa’s single largest Foreign…

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

Gender equality: It’s time for disruption, time to shatter the status quo, we can’t afford to wait!

Women make up over 40% of African business owners yet only 2% are able to access finance according to a Mckinsey report

By Vanessa Moungar, Director of Gender, Women and Civil Society If you are a gender champion, then you are familiar with the discussions around the glass cliff.  The story of women eager to defy the odds, accepting leadership roles at times of crisis, when the chance of failure is the highest. The…

Source: African Development Bank Group (AfDB) |

2019 conference on land policy in Africa: why it matters for the continent, by Cosmas Milton Ochieng

The theme of this year’s Conference on Land Policy in Africa is “Winning the fight against corruption in the land sector in Africa

Cosmas Milton Ochieng, an expert in natural resource governance and economic development in Africa, is the Director of the African Natural Resource Centre at the African Development Bank (https://www.AfDB.org). In collaboration with the African Union Commission and the United Nations Economic Commission for Africa, the African Development Bank will host…

Source: African Development Bank Group (AfDB) |

Charming Sharm El Sheikh in Egypt lays the red carpet for the 14th Edition of the African Economic Conference

More than 500 researchers, NGOs, policymakers will meet 2-4 December to promote jobs, entrepreneurship and capacity development for African youths

It is in Sharm El Sheikh, Egyptian seaside town, nestled between the desert of the Sinai Peninsula and the Red Sea, that the 14th Edition of the African Economic Conference (AEC) (http://bit.ly/2O6yNvX) will take place. Slated for 2-4 December 2019, the AEC will focus on the theme, “Jobs, Entrepreneurship and…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Family businesses - an underestimated economic driving force

Family businesses by nature often build lasting relationships, valuable in any investment climate

Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

Source: African Development Bank Group (AfDB) |

2019 African Investment Forum builds on 2018 successes, attracts growing international interest

A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries…

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

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

This fourth edition of the Index shows that 47 countries improved or maintained their visa openness scores in 2019

For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival; Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa. Dowload report: https://bit.ly/2rwlzQ9 For the first time, African travellers have liberal access…