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

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

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

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

The message was well received by Adesina, who warmly welcomed the presence of President Ouattara, members of his Government, and shareholders

The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank (AfDB.org) to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the…

African Development Bank Group (AfDB)
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) |

Sudan: African Development Bank approves $31.3 million grants for water and sanitation facilities

The project will address basic needs of the communities and tackle gender disparities while ensuring economic empowerment of the communities

The African Development Bank Group (www.AfDB.org) on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project…

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

Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya. The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan. The total…

African Development Bank Group (AfDB)
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…

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

Innovative thinking marks African Development Bank’s Africa jobs manifesto

Employment is top of the agenda of every African leader – SVP Charles Boamah

Innovative thinking about Africa’s conventional employment issues is what marks the African Development Bank’s (www.AfDB.org) new policy research document “Creating Decent Jobs: Strategies, Policies, and Instruments,” participants heard at the report launch, held 12 September 2019. The report elicited strong presentations and a lively debate during the event which took…

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

7th Tokyo International Conference on African Development (TICAD7): Invest in Africa’s food markets to win the war on hunger and boost nutrition – African Development Bank

“There is a business case for governments to invest in grey matter – Jennifer Blanke

By investing in Africa’s food markets, governments can win the fight against stunting and improve nutrition across the continent. And with support from institutions like the African Development Bank (www.AfDB.org), the results would be a win-win situation for all. “What a huge potential the food markets represent. “Feed Africa,” which…

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

Seventh Tokyo International Conference on African Development (TICAD7): Digital Agriculture next frontier for economic development in Africa

“There’s risk, yes, but there are juicy returns, now is the time for all of us to run in that direction.” - Jennifer Blanke

Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. The seminar headlined “The Digital Africa 2020 and Japanese investment Panel: Creating markets to digitize Africa,…

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

G7 Summit: President Macron and G7 leaders provide Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative with $251 million

AFAWA aims to raise up to $5 billion for African women entrepreneurs and the African Development Bank will provide $1 billion financing

French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s (www.AfDB.org) AFAWA initiative to support women entrepreneurs in Africa. “I am particularly proud, as the current G7 president, that the programme we are supporting today, the AFAWA initiative,…