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) |

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

The report, Creating Livable Cities: Regional Perspectives, looks at urbanization trends across emerging and developing economies in Africa; Asia and the Pacific

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.  The report, Creating…

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

African Development Bank and partners launch pilot Cities Diagnostics tool in five cities

The tool includes key environmental and urban sustainability indicators as well as disaster risk and vulnerability, and urban footprint growth

“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa, held on the 25th and 26th September 2019 in Abidjan. Five cities were chosen for…

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

Africa: Sports as a Business and a Brand – by Victor Oladokun

Fans are choosing not to watch live football events, and instead are opting in increasing numbers for the 'intimacy' of their crystal clear digital flat TV screens, or not all

By Dr. Victor Oladokun, is the Director of Communication and External Relations at the African Development Bank (www.AfDB.org) At the ongoing Africa Cup of Nations in Egypt, the visual imagery of  almost empty stadiums is a powerful narrative. But not the kind that African sports, African football, or corporate sponsors…

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

We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa

The Summit concluded with a joint Call to Action

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa. Attended…

Source: African Development Bank Group (AfDB) |

Women Entrepreneurs Finance Initiative to Hold First-Ever Regional Summit in Cote d’Ivoire

On Wednesday, April 17, 2019, the Government of the Republic of Côte d’Ivoire will host the first Women Entrepreneurs Finance Initiative (We-Fi) West Africa Regional Summit

WHO: His Excellency Alassane Ouattara, President of the Republic of Côte d’Ivoire Ivanka Trump, Advisor to the President, United States Akinwumi A. Adesina, President of the African Development Bank Bandar M. H. Hajjar, President of the Islamic Development Bank Kristalina Georgieva, CEO of the World Bank U.S. Senator Lindsay Graham…

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

African Development Bank President makes strong case for increased U.S. investment in Africa

Sharing his vision on the leading role of the African Development Bank, Adesina urged American businesses to engage more with the continent

Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank (http://www.AfDB.org), Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play…

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

African Development Bank welcomes partners to multilateral development bank (MDB) roundtable to strengthen collaboration on donor relations and fund management

Its goal is to share the most efficient methods for mobilising resources towards the achievement of the Sustainable Development Goals (SDGs)

The African Development Bank Group (www.AfDB.org) hosted 11 sister institutions for the annual multilateral development bank (MDB) roundtable on trust funds and co-financing, held on 28-29 March, 2019.    The aim of the roundtable was to enhance benchmarking across the development finance institutions (DFIs), raise awareness of emerging innovative approaches to…

Source: African Development Bank Group (AfDB) |

African Development Bank President Akinwumi Adesina leads delegation to IMF-World Bank Spring meetings

The meeting will be attended by other US government officials and investors

African Development Bank (www.AfDB.org) President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April. Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House…

Source: African Development Bank Group (AfDB) |

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…