Source: African Development Bank Group (AfDB) |

Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development

The Portuguese Government has allocated Euro 400 million in guarantees and other risk sharing mechanisms in the 2019 national budget to support the implementation of the Compact

The African Development Bank (AfDB.org) and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa, known as PALOPs. Equatorial Guinea is the sixth and final PALOP country…

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

Inaugural Forum paves the way for Sustainable Fertilizer Financing in the West Africa region

A major outcome of the forum was the signing of a Memorandum of Understanding between the West Africa Fertilizer Association and the Economic Community of West African States (ECOWAS)

Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution. The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African…

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Source: African Development Bank Group (AfDB) |

UN, African Development Bank High-Level Meeting calls for Speed and Action on Sustainable Development Goals (SDGs)

The leaders called for additional resources to drive the urgent task of Africa's development

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective…

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

African Development Bank launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year. Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a…

Source: African Development Bank Group (AfDB) |

International Financial Institutions: Corporate Secretaries to meet in Abidjan 11-13 Sept

Some 50 participants from 19 International Financial Institutions are expected to attend

The Corporate Secretaries of International Financial Institutions (IFIs) will hold their 20th annual meeting from 11 to 13 September 2019 at the headquarters of the African Development Bank (www.AfDB.org) in Abidjan. The Abidjan deliberations will seek to build on the achievements of the group’s meeting in Bali, Indonesia, a year…

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Source: African Development Bank Group (AfDB) |

African Development Bank, African Fertilizer and Agribusiness Partnership sign $5.4 million agreements to foster fertilizer market in Nigeria and Tanzania

The grants are designed by the Bank’s Africa Fertilizer Financing Mechanism (AFFM) to provide sustainable financing solutions to boost the fertilizer value chain in Africa

The African Development Bank (AfDB.org) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of smallholder farmers. The organizations held a signing ceremony at the…

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Source: African Development Bank Group (AfDB) |

Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development

Electricity, transport, and health identified as key priorities

Japan and the African Development Bank (www.AfDB.org) on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each,…

Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD7): Digital Agriculture next frontier for economic development in Africa

“There’s risk, yes, but there are juicy returns, now is the time for all of us to run in that direction.” - Jennifer Blanke

Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. The seminar headlined “The Digital Africa 2020 and Japanese investment Panel: Creating markets to digitize Africa,…

Source: African Development Bank Group (AfDB) |

“Join Africa50 to lay the foundations for a more prosperous Africa,” African Development Bank urges

Africa50 is an innovative fund for developing and financing African infrastructure

African governments must explore innovative technologies to drive transformation on the continent, board members at Africa50’s General Shareholders Meeting, held in Kigali heard on Wednesday. Prime Minister of Rwanda Edouard Ngirente made the call at the opening of the shareholders meeting. “Let’s explore these digital opportunities to move our continent…

Source: African Development Bank Group (AfDB) |

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries

The African Development Bank (www.AfDB.org) and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place on Sal Island on 1 July,…