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

United States Trade and Development Agency (USTDA) and African Development Bank Renew Partnership to Advance Quality Infrastructure in Africa

A significant new element of the partnership focuses on project preparation, highlighting USTDA and AfDB’s dedication to improving project design and readiness

The African Development Bank (www.AfDB.org) and the U.S. Trade and Development Agency have renewed a Memorandum of Understanding (MOU), extending their strategic partnership for five years. This agreement underscores a shared commitment to advancing quality infrastructure development across Africa by strengthening national procurement systems and aligning them with international best…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (1)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (2)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (3)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (4)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (5)
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Source: African Development Bank Group (AfDB) |

Adesina and Banga lead the charge to end hunger in Africa at 2024 Borlaug Dialogue

Interviewed by Roger Thurow, senior fellow for global agriculture at the Chicago Council on Global Affairs, Adesina and Banga discussed the transformative actions from MDBs in meeting Africa’s annual $1.3 trillion development needs

In a powerful opening to the 2024 Norman E. Borlaug International Dialogue, the president of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina and his counterpart at the World Bank Ajay Banga, stressed the need for more global action against hunger, a goal slipping further away due to the…

African Development Bank Group (AfDB)

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    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (1)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (2)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Asian Development Bank sign $1 billion exchange exposure agreement to increase development lending capacity to African nations

New exposure exchange agreement will offer a countercyclical capital buffer

The African Development Bank (www.AfDB.org) and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, signed on the sidelines of the IMF /World Bank Annual Meetings in…

African Development Bank Group (AfDB)

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    • Meeting with counterparts from MDBs and the G20 Global Alliance against Hunger and Poverty during the IMF-World Bank Annual Meetings, AfDB head Akinwumi Adesina (fourth from left) called for bold reforms and innovative solutions to tackle poverty. Washington DC., 24 October 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank President calls for bold, innovative and practical solutions to tackle poverty in Africa

Adesina will participate in a meeting of heads of MDBs, hold bilateral meetings with development partners and host a meeting of the Africa Investment Forum’s founding partners

Climate change, global financial shocks and growing food insecurity are threatening Africa, the world’s fastest-growing continent and hampering achievement of global development goals. To tackle these challenges and speed up the continent’s efforts to achieve these goals, the president of the African Development Bank (www.AfDB.org), Dr. Akinwumi Adesina on Thursday…

African Development Bank Group (AfDB)

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    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (1)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (2)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (3)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (4)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel

Through this parallel co-financing agreement, support will be provided to key sectors over the next five years

The African Development Bank Group (www.AfDB.org) and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremony was held at the U.S. Embassy in Dakar, Senegal. The agreement, valued at $600…

African Development Bank Group (AfDB)

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    • United Nations General Assembly (UNGA) 79: United Nations Women honors African Development Bank Group President Adesina as HeForShe Champion
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Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA) 79: United Nations Women honors African Development Bank Group President Adesina as HeForShe Champion

UN Women describes HeForShe as a global movement that has engaged more than two million men and individuals in championing gender equality

I am resolute in my conviction that when Africa's women win, Africa wins – Akinwumi Adesina; Spanish PM Pedro Sanchez and CEOs of Global Citizen and Movember also honoured. The United Nations Women organisation has named the African Development Bank Group President Dr. Akinwumi Adesina a HeForShe Champion for his work…

African Development Bank Group (AfDB)

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    • From left, Prof. Anthony Nyong, Director of Climate Change and Green Growth, Edith Ofwona Adera, Regional Principal Officer and AAAP Coordinator, and Olufunso Somorin, Regional Climate Change Officer, all of the African Development Bank, accepted the NDC Investment Award on September 24 in New York
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Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA 79): Africa Adaptation Acceleration Program Receives Nationally Determined Contributions (NDC) Investment Award

Recognized at the 35th Ordinary Session of the African Union for its achievements, the Africa Adaptation Acceleration Program (AAAP) is setting the standard for climate adaptation in Africa and beyond

The Africa Adaptation Acceleration Program (AAAP) (http://apo-opa.co/3ZHg6nA) has been honored as the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. The award, presented during the African NDC Institutional Investment Summit in New York, held on the margins of the United Nations General…

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

At United Nations General Assembly (UNGA 79), African Development Bank affirms standing as champion of Africa’s prosperity

The 2024 meetings take place against a backdrop of growing concern about the ability to meet critical targets outlined in the Sustainable Development Goals (SDGs) agenda

As the world convenes in New York this week for the United Nations General Assembly (UNGA 79), Africa’s 1.2 billion people will be counting on their participating leaders and pan-African institutions like the African Development Bank Group (www.AfDB.org) to lead the charge on matters critical to the continent’s sustainable development…

African Development Bank Group (AfDB)

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    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (1)
    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (2)
    • G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives (3)
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Source: African Development Bank Group (AfDB) |

G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa; pledges more support to African Development Bank-backed initiatives

African Development Bank had invested over $50 billion in quality infrastructure in Africa over the past eight years

G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US President Joseph Biden and current G-7 President, the Italian Prime Minister Giorgia Meloni, co-chaired a special ad hoc meeting on the sidelines of…

African Development Bank Group (AfDB)

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    • African Development Bank, African Union, United States Government, International Fund for Agricultural Development, CGIAR advance ties to boost Africa’s food production
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Union, United States Government, International Fund for Agricultural Development, CGIAR advance ties to boost Africa’s food production

The African Union Commission-mandated Soil Initiative for Africa is a framework effort to systematically improve Africa’s soil health and productivity

Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food systems based on diverse, nutritious, and climate-adapted crops grown in healthy soils. On the sidelines of the African Fertilizer and Soil Health Summit in…