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

Central Africa could be the continent’s rising star, thanks to the African Continental Free Trade Area

Central Africa’s real income could increase by as much as 7% in one of the scenarios that researchers describe in the 2019 African Economic Outlook

Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank (www.AfDB.org) shows. Hanan Morsy, Director of Research at the Bank, revealed the findings at the launch of one of the Bank’s flagship reports in Malabo, where the African Development…

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

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

The donor conference was attended by the presidents of Mauritania, Guinea Bissau, the prime minister of Eswatini and several high-ranking diplomats, ministers and development and banking institutions

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation…

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

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

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

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…

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

African road safety leadership program kicks off in Abidjan

The program, which runs till 8th February, is intended to develop leadership capabilities in road safety planning, implementation, management, and operations; and ultimately help reduce the number of road crashes on the roads of Africa

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank) (www.SSATP.org), in collaboration with the African Development Bank (www.AfDB.org), kicked off at the Bank’s Headquarters in Abidjan on 4th February. The program, which runs till 8th February, is…

African Development Bank Group (AfDB)

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    • Unveiling the Zimbabwe Economic Report: from left to right – Malcolm Pautz, G:ENESIS Analytics; Damoni Kitabire Country Manager COZW; Zvinechimure R. Churu, Principal Director Ministry of Finance and Economic Development; Walter Odero, Principal Country Economist COZW; Ferdinand Bakoup, Ag. Director ECCE; and George A. Kararach, Lead Economist RDGS
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Source: African Development Bank Group (AfDB) |

“Building a new Zimbabwe”, a flagship report launched by the African Development Bank to spark the country’s economic development

It provides the current government, the donor community, and the private sector with a detailed assessment of investment opportunities in Zimbabwe

The African Development Bank (AfDB) (www.AfDB.org) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country. Prepared by the Bank Group’s Economic Governance and Knowledge Management Vice-Presidency, the report was…

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

The African Development Bank Group is pleased to announce the appointment of Dr. Mateus Magala as Vice President for Corporate Services and Human Resources, effective from September 1, 2018

He worked earlier at the African Development Bank from 2008-2015 in various roles

The African Development Bank Group (https://www.AfDB.org/en/) is pleased to announce the appointment of Dr. Mateus Magala as Vice President for Corporate Services and Human Resources, effective from September 1, 2018. Dr. Magala, a citizen of Mozambique, is currently the Chairman and Chief Executive Officer of the Electricity of Mozambique (EDM).…