Source: African Development Bank Group (AfDB) |

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board Ink $600 Million Loan Agreement to Boost Cocoa Production

The multi-million dollar agreement is a milestone for the Bank-convened Africa Investment Forum

Agreement is a turning point for scaling up the cocoa value chain – President Nana Addo Dankwa Akufo-Addo of Ghana; Ghana is bankable, cocoa is bankable and of course Africa is bankable - Dr. Akinwumi A. Adesina, President, African Development Bank (https://www.AfDB.org). The African Development Bank, Credit Suisse AG, the Industrial and…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain

The African Development Bank’s (www.AfDB.org) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, SEFA, the Sustainable…

Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA) 2019: Hands off our girls! African first ladies take campaign against rape, early child marriage, to UN General Assembly

The High-Level meeting follows a First Ladies Meeting on Combatting Child Marriage and Promoting Education of Girls in West Africa

Africa’s first ladies, led by Sierra Leone Fatima Maada Bio brought their campaign to ban early child marriage and sexual violence against women and girls before a global stage in a passionate appeal for the world to support their “Hands Off Our Girls! Campaign. In a no-holds barred conversation organized…

Source: African Development Bank Group (AfDB) |

G5 Sahel heads of State throw their weight behind African Development Bank initiative Desert to power

Bank commits $20 million towards project preparation for the realization of the project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank (https://www.AfDB.org/) -led initiative. The summit, "Harnessing solar energy for the socio-economic development of the G5 Sahel countries" came on the heels of a high-level technical…

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) |

African Development Bank welcomes Fitch’s affirmation of AAA Rating: Driven by extraordinary shareholder support

The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years

The Fitch rating, of the African Development Bank (https://www.AfDB.org), published 24th July in London, is affirmed as AAA, with a stable outlook, on improved assessments, qualifications and estimates. The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to…

Source: African Development Bank Group (AfDB) |

The African Development Bank launches EUR 1 billion 0.50% 10-year Global Benchmark due 21 March 2029

The transaction was oversubscribed, with an order book in excess of EUR 1.7 billion, diversified across geographies and investor profiles, with nearly 50 investors participating

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA by Moody’s/S&P/Fitch, has successfully priced a EUR 1 billion 10-year Global Benchmark, due 21 March 2029, its first benchmark transaction of the year. This transaction, priced Thursday 14 March 2019, marks the Bank’s s positioning in the EUR market, in line with its…

Source: African Development Bank Group (AfDB) |

CHANGE OF VENUE: African Development Bank to present 2019 African Economic Outlook at 32nd AU Summit

The theme for this year’s African Economic Outlook is “Integration for Africa’s Economic Prosperity”

What: Presentation of the 2019 African Economic Outlook report When: 8 February 2019  Location: Small Conference Hall 1, AU Headquarters, Addis Ababa, Ethiopia. Time: 8.30 – 10.30 am The African Development Bank (www.AfDB.org) will present the 2019 edition of its flagship African Economic Outlook (https://bit.ly/2Djcpf8) (AEO) report on the sidelines of the 32nd Ordinary Session of the Assembly…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights

Investment interest secured for 45 deals worth US$32 billion

The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and…

Source: African Development Bank Group (AfDB) |

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future

Responds to G20 Action Plan for MDB Balance Sheet Optimization; Creates additional headroom that will be chanelled to support further development across Africa; Supported by Insurance Broker - RFIB Group Ltd and leading UK reinsurers. The African Development Bank (AfDB) (www.AfDB.org) and African Trade Insurance Agency (ATI) announce the successful completion…