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African Development Bank Group (AfDB)

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    • From left to right: Dr Akinwumi Adesina and Ms Giorgia Meloni
    • African Develoment Bank Group President Dr Akinwumi Adesina addresses G7 Meeting
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Source: African Development Bank Group (AfDB) |

Joint Press Statement between Ms. Giorgia Meloni, Prime Minister of Italy, and Dr. Akinwumi A. Adesina, President of the African Development Bank Group—G7 Heads of State and Government Summit

Italy has committed approximately $150 million in highly concessional loans and grants and the African Development Bank Group will at least match this amount

The Prime Minister (PM) of Italy, Ms. Giorgia Meloni, and the President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, met on the sidelines of the G7 Heads of State and Government Summit in Puglia. Their discussion focused on the forthcoming launch of a series of joint initiatives…

African Development Bank Group (AfDB)

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    • The 2024 award conference was attended by road experts from several African countries, in addition to the selection committee
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: two African heads of state receive 2024 Babacar Ndiaye Prize

The “Africa Road Builders” prize was created in honour of Babacar Ndiaye, who was President of the African Development Bank Group from 1985 to 1995

The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso. They follow in the footsteps…

African Development Bank Group (AfDB)

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    • Conference of the Parties (COP28): International support grows for channeling the International Monetary Fund (IMF) Special Drawing Rights through multilateral development banks (1)
    • Conference of the Parties (COP28): International support grows for channeling the International Monetary Fund (IMF) Special Drawing Rights through multilateral development banks (2)
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): International support grows for channeling the International Monetary Fund (IMF) Special Drawing Rights through multilateral development banks

The meeting was co-hosted by the COP28 Presidency, AfDB, the IDB, the Government of France, and the Government of Japan, with support from the Rockefeller Foundation

Governments of France, Japan, Spain and the UK express support for use of hybrid SDR instrument  to provide development resources to countries in need in Africa and Latin America and the Caribbean; IMF staff confirms reserve asset status of the innovative solution by the African Development Bank (http://www.AfDB.org) and Inter-American Development…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina has urged African business leaders to seize the enormous potential in Africa by investing in green infrastructure
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): African Development Bank President invites business leaders to invest in Africa to accelerate decarbonization

Africa is a very reliable destination for investment,” since the continent has a “dominant position in terms of green metals, the critical metals that will support storage and energy systems

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai. “Africa is a very reliable destination for investment,” since the continent has a…

African Development Bank Group (AfDB)

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    • Conference of Parties (COP 28): African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa
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Source: African Development Bank Group (AfDB) |

Conference of Parties (COP 28): African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa

“Over 97% of farmers in Africa do not have agricultural insurance. Their only insurance is to pray”— Adesina

The African Development Bank Group (www.AfDB.org) has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change. The facility was widely praised by the World Food Programme (WFP), development agencies, insurance companies and the private sector during a…

African Development Bank Group (AfDB)

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    • Africa urges a spotlight on climate finance as the world heads to Conference of the Parties (COP28)
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Source: African Development Bank Group (AfDB) |

Africa urges a spotlight on climate finance as the world heads to Conference of the Parties (COP28)

Africa, which accounts for less than 4% of global carbon emissions, is seeking more climate finance from wealthy, high-polluting countries

The African Development Bank (www.AfDB.org) will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The Bank Group, led by its President, Dr Akinwumi Adesina, will…

African Development Bank Group (AfDB)

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    • Country Focused Reports (1)
    • Country Focused Reports (1) (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank launches country-by-country reports on Africa's climate change, green growth financing needs ahead of COP28

The new Country Focus Reports (CFRs) provide analysis and policy recommendations to strengthen countries' active participation at COP 28

Ahead of the 28th United Nations Conference on Climate Change (COP 28), the African Development Bank Group (http://www.AfDB.org) has launched country-by-country economic reports to guide African policymakers in their discussions at the global event. The new Country Focus Reports (CFRs) provide analysis and policy recommendations to strengthen countries' active participation…

African Development Bank Group (AfDB)

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    • His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Dubai’s Deputy Ruler, Deputy Prime Minister and Minister of Finance of the United Arab Emirates, and the African Development Bank chief, discussed strategic opportunities that would strengthen economic ties between the UAE, the Bank, and Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President wraps up three-day visit to the UAE

The visit explored potential partnerships for strategic investment in Africa between the African Development Bank Group and the UAE

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit covered engagements in Dubai and Abu Dhabi. The visit—which took place alongside the World Government Summit and the closing days of Expo 2020 Dubai—explored potential partnerships…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Akinwumi A. Adesina visiting DP World ahead of his meeting with DP World Chairman
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President commences three-day visit to the United Arab Emirates

The Bank Group chief is expected to meet with His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Minister of Finance of the United Arab Emirates

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina arrived in Dubai today at the start of a three-day official visit to the United Arab Emirates. The Bank Group chief is expected to meet with His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Minister of Finance of the United…

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

African Development Bank appoints Nourredine Lafhel Acting Chief Risk Officer

An experienced risk management professional, Nourredine has more than twenty (20) years of experience in finance and risk management

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mr. Nourredine Lafhel as Acting Chief Risk Officer, effective 6th April 2020. Lafhel, a Canadian national, is currently the Sovereign Credit and Market Risk Division Manager (PGRF3), in the Directorate of the Group Risk Management Function of the African Development Bank Group. An…