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African Development Bank Group (AfDB)

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    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (1)
    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (2)
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Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project

This initiative stands as one of Tunisia's most impactful infrastructure projects in over a decade

The African Development Bank (www.AfDB.org) and the Sustainable Energy Fund for Africa (SEFA), in partnership with the International Finance Corporation and UAE's AMEA Power, today herald Tunisia's first privately-financed solar project. This initiative is set to revolutionise the nation's energy scene by cutting power generation costs, significantly trimming greenhouse gas…

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

African Development Bank debars Joycot General Contractors Limited for 15 months for fraudulent practices

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices

The African Development Bank Group (www.AfDB.org), on 25 September 2023, announces the 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that…

African Development Bank Group (AfDB)

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    • African Development Bank, Google sign ccoperation agreement to advance digital transformation in Africa. (L-R) AfDB Vice President Solomon Quaynor, President Dr. Akinwumi Adesina and Google Senior VP Dr. James Manyika
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Source: African Development Bank Group (AfDB) |

African Development Bank and Google collaborate on digital transformation in Africa

The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure, and refine talent and skills in the continent

The African Development Bank (www.AfDB.org) and Google today formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. The agreement underscores a shared commitment to harness emerging technologies, extend…

African Development Bank Group (AfDB)

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    • African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD) announce joint task force to build entrepreneurship and jobs creation in Egypt, Morocco, and Tunisia
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Source: African Development Bank Group (AfDB) |

African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD) announce joint task force to build entrepreneurship and jobs creation in Egypt, Morocco, and Tunisia

The official launch of the taskforce took place on Thursday, 21 September 2023 during a workshop in Tunis, at the North Africa Regional Office of the African Development Bank

The African Development Bank Group (www.AfDB.org) and the European Bank for Reconstruction and Development (EBRD) on Thursday announced the setting up of a joint taskforce to foster entrepreneurship to catalyse jobs creation and growth in Egypt, Morocco, and Tunisia. The official launch of the taskforce took place on Thursday, 21 September…

African Development Bank Group (AfDB)

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    • African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all
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Source: African Development Bank Group (AfDB) |

African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all

The Bank has launched a $1-billion Africa Climate Insurance Facility for Adaptation to help insure African countries against extreme weather patterns and catastrophic climate shocks

The African Development Bank President (www.AfDB.org), Dr Akinwumi Adesina, has pledged his institution’s full support to the United Nations Secretary General’s Early Warning for All initiative and the Systematic Observations’ Financing Facility. The Bank is the implementing entity for the Facility in Africa. Speaking yesterday at the United Nation’s Climate…

African Development Bank Group (AfDB)

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    • The Director General of the Nigeria Country Department, Lamin Barrow (centre left) and the President of the ECOWAS Commission, Omar Alieu Touray (centre right) led the African Development Bank and ECOWAS Commission delegations. Image source: African Development Bank Group
    • The African Development Bank and the ECOWAS Commission conducted consultations to evaluate the Regional Integration Strategy in Abuja from 5 to 15 September 2023. Image source: African Development Bank Group
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Source: African Development Bank Group (AfDB) |

African Development Bank and Economic Community of West African States (ECOWAS) assess regional integration strategy

The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts in West Africa

The Economic Community of West African States (ECOWAS) and the African Development Bank Group (www.AfDB.org) have concluded consultations for the mid-term assessment of the West Africa Regional Integration Strategy Paper (RISP) 2020-2025 (https://apo-opa.info/48mtfVb). The Bank Group approved the West Africa RISP 2020-2025 in May 2020 to support regional integration efforts…

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

African Development Bank and Korea Environmental Industry and Technology Institute (KEITI) sign agreement to deploy environmental and climate-resilient technologies in Africa

Through this partnership, Korea will share technology, experience, and knowledge with the bank’s African member countries

The African Development Bank (www.AfDB.org) and the Korea Environmental Industry and Technology Institute (KEITTI) (https://apo-opa.info/3Pshxj7) have signed a joint technical assistance agreement to enable the scale up of investment in low-carbon and climate-resilient technologies. This will ultimately support climate change mitigation and adaptation efforts in many African countries. The two…

African Development Bank Group (AfDB)

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    • Visit to African Development Bank by Swedfund delegation signals push for closer partnership
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Source: African Development Bank Group (AfDB) |

Visit to African Development Bank by Swedfund delegation signals push for closer partnership

Hakaanson said she hoped the visit would strengthen Swedfund’s partnership with the African Development Bank

During a visit to the African Development Bank (www.AfDB.org), Swedfund CEO Maria Hakaanson has expressed keen interest in strengthening the cooperation and exploring opportunities for the Swedish state development finance institution’s strategic portfolio. Hakaanson visited the Bank’s headquarters in Abidjan on 14 September at the head of a delegation that…

African Development Bank Group (AfDB)

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    • Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture

This funding is the first of two successive geberal budget support operations for fiscal years 2023 and 2024, each worth about $20 million

The Board of Directors of the African Development Fund (https://apo-opa.info/42vfbFI), the African Development Bank Group’s (www.AfDB.org) concessional lending window, has approved a grant of $19.98 million to finance the implementation of Mozambique’s Economic Acceleration and Governance Support Programme. This funding is the first of two successive geberal budget support operations…

African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…