Source: African Development Bank Group (AfDB) |

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

The total amount of co-financing is expected to be more than $ 1.2 billion when subsequent phases of the project are concluded

Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (https://www.AfDB.org/) board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African…

Source: African Development Bank Group (AfDB) |

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

The Bank’s support to the energy sector has more than doubled over the past three years to the current level of 410.66 million euros

The African Development Bank (AfDB.org), Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of the NELSAP Regional Interconnection Project involving…

Source: African Development Bank Group (AfDB) |

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) on 4 October 2019

The African Development Bank (www.AfDB.org) has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change. The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) (https://bit.ly/2NezjGi) on 4 October 2019. The…

Source: African Development Bank Group (AfDB) |

UN General Assembly 2019: Scaling Up Nutrition Lead Group meets to chart way forward

The meeting of the group’s leaders took place at the UNICEF headquarters in New York on the sidelines of the UN General Assembly

“Energy, passion and a lot of young people who care about nutrition” will underpin the Scaling Up Nutrition (SUN) Movement’s newest phase, alongside stronger private sector engagement, members of the Lead Group heard on Tuesday. The meeting of the group’s leaders took place at the UNICEF headquarters in New York…

Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD7): PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

“We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity” - Adesina urges

The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7. “Japanese technology can play a key role…

Source: African Development Bank Group (AfDB) |

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

Source: African Development Bank Group (AfDB) |

African Development Bank to play bigger role in African economies by investing in infrastructure private equity

The Bank’s investment will also ensure the highest environmental and social standards are applied to Africa Infrastructure Investment Fund (AIIF3)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The…

Source: African Development Bank Group (AfDB) |

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg

 “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org, will consolidate, validate, and disseminate energy data and…

Source: African Development Bank Group (AfDB) |

Agri-tech can turn African Savannah into global food basket – African Development Bank

The African Development Bank has determined that the African Savannah can support the production of maize, soybean, and livestock, and transform the continent into a net exporter of these commodities

The African Development Bank (www.AfDB.org) is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution. “This sleeping giant needs to wake up,” the Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, told an audience…

Source: African Development Bank Group (AfDB) |

The African Development Bank Group is pleased to announce the appointment of Dr Kapil Kapoor as Director General, Southern Africa Regional Development and Business Delivery Office

He has led numerous development initiatives in diverse country settings, ranging from fragile states like Afghanistan and Somalia

The African Development Bank Group (https://www.AfDB.org/en/) is pleased to announce the appointment of Dr Kapil Kapoor as Director General, Southern Africa Regional Development and Business Delivery Office with effect from 1st September 2018. Dr Kapoor, a citizen of India, has been the Director for Strategy and Operational Policies since February 2012, when he joined the African Development Bank. He has an established track record of effectively…