We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • 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)
  • All (2)
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)

  • Multimedia content

  • Images (1)
    • African Development Bank President Akinwumi Adesina has urged African business leaders to seize the enormous potential in Africa by investing in green infrastructure
  • All (1)
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)

  • Multimedia content

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

  • Multimedia content

  • Images (1)
    • Africa urges a spotlight on climate finance as the world heads to Conference of the Parties (COP28)
  • All (1)
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)

  • Multimedia content

  • Images (2)
    • Country Focused Reports (1)
    • Country Focused Reports (1) (FR)
  • All (2)
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)

  • Multimedia content

  • Images (1)
    • 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
  • All (1)
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)

  • Multimedia content

  • Images (1)
    • African Development Bank Group President Akinwumi A. Adesina visiting DP World ahead of his meeting with DP World Chairman
  • All (1)
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…

African Development Bank Group (AfDB)
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…

African Development Bank Group (AfDB)
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…