Source: African Development Bank Group (AfDB) |

South Korea ready to partner with Africa on technology

"A win-win proposition" - Akinwumi A. Adesina, President of the African Development Bank

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water

The new financing is to scale up the country’s largest water and sanitation sector investment program

The African Development Bank’s (www.AfDB.org) Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services.   The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate…

Source: African Development Bank Group (AfDB) |

Africa agribusiness, a US$1 trillion business by 2030

Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said

As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum (www.AfricaInvestmentForum.com) to make deals on investment opportunities, leaders of the continent’s  top agribusiness companies shared their thoughts on the future of the industry. With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by…

Source: African Development Bank Group (AfDB) |

African Development Bank, World Food Programme join hands to help South Sudan fight hunger and malnutrition

The project is designed to enable the Government meet the country’s growing food and nutrition needs, while building community resilience

The Government of the Republic of South Sudan today welcomed a contribution of US$ 43.57 million from the African Development Bank (www.AfDB.org) for the implementation of the country’s Short-Term Regional Emergency Response Project (STRERP). The project is designed to enable the Government meet the country’s growing food and nutrition needs,…

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

African Development Bank seeks partnerships to lift 1 billion people out of hunger globally

“We must not get carried away: we are not winning the war against global hunger”

The African Development Bank (www.AfDB.org) called on global partners to join hands to lift one billion people worldwide out of hunger and said it was leading the way by investing US$24 billion in African agriculture over the next 10 years in the largest such effort ever. “We are not winning…

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

African Development Bank and Canada share commitment to women’s empowerment on the continent

Canada is the fourth largest contributor to the Bank among non-regional members, and the sixth largest donor to the African Development Fund (ADF)

On her first visit to the West African nation of Cote d’Ivoire, Canada’s Minister of International Development, Marie-Claude Bibeau and the President of the African Development Bank Akinwumi Adesina (www.AfDB.org), shared a common vision and commitment to the advancement of women and girls on the continent. Both officials met at…

African Development Bank Group (AfDB)
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    • The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa (1)
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Source: African Development Bank Group (AfDB) |

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

This partnership reinforces the work of the Africa NDC Hub hosted by the African Development Bank, in accelerating climate action to transition Africa towards a low carbon and climate resilient development pathway

The African Development Bank  (www.AfDB.org) and the Global Green Growth Institute (GGGI) (www.GGGI.org) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, (https://am.AfDB.org/en) to promote programs, projects, joint studies and research activities to accelerate green growth options for African…

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

African Development Bank at the centre of “a great Africa moment”: North African Governors

“Africa is the continent of the future.” – Tunisian Finance Minister Zied Ladhari

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina (www.AfDB.org), said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers…

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    • In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region
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Source: African Development Bank Group (AfDB) |

East African Ministers share African Development Bank’s vision for the continent

“Regional integration is a survival issue.” – Djibouti Finance Minister, Hmadou Ibrahim

In a historic first, East African Governors of the African Development Bank (www.AfDB.org) met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the…

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    • The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment
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Source: African Development Bank Group (AfDB) |

Africa’s population explosion is a ticking time bomb — African Development Bank Governors

Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth

The African Development Bank (www.AfDB.org) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for…