Investments 

Bank Group to host first 2020 Business Opportunity Seminar in March

What: Business Opportunity Seminar When: 11-12 March 2020, 8:00 am-5:00 pm each day Where: African Development Bank – CCIA Building, Abidjan, Côte d’Ivoire The African Development Bank will host its first 2020 Business Opportunity Seminar (BOS) in March for consultants, producers and suppliers from member countries looking to provide goods and services to the Bank Group projects in Africa. The BOS, to be held at the Bank’s headquarters in Abidjan, offers a one-stop platform to deepen participants’ understanding of the Bank’s strategy and procurement processes. It will also allow closer links between the…

Read More
Investments 

Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors

Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said. The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit.  The Bank’s chief…

Read More
Investments 

African Development Bank to host first Global Environmental Facility AFLDC-2 regional workshop

WHAT: Regional consultation workshop WHEN: 20 – 21 January, 2020 WHERE: Abidjan, Cote d’Ivoire The African Development Bank will host the first regional consultation workshop in preparation for the Global Environment Facility (GEF) project focusing on strengthening capacity and technical assistance for the implementation of the Minimata and Stockholm Conventions in African Least Developed Countries (AFLDC-2). The workshop will take place from the 21st to 22 January 2020 in Abidjan, Côte d’Ivoire at the Bank’s headquarters. The workshop will be attended by representatives from regional Basel and Stockholm Convention Centres…

Read More
Investments 

British Prime Minister, African leaders urge investors to accelerate economic role on the continent

UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership  between  the UK and Africa. Referring to Africa as a booming continent with “staggering levels of…

Read More
Investments 

African Development Bank's Akinwumi Adesina heads to UK-Africa investment summit: Revitalizing economic ties top of agenda

New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th. African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ Africa, a continent brimming with investment opportunities, is home to six of the ten fastest-growing economies in the world.  The Summit will bring together businesses, governments, and international institutions to showcase and promote the…

Read More
Investments 

Trading thrives as new highway financed by the African Development Bank opens up northern Togo

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans. “Just a few years ago, it was no easy matter to travel to this market. It was open for three days in succession, Tuesday to Thursday, and then again on Sunday, but we only came for one day, because our main…

Read More
Investments 

The African Development Bank signs €6 million grant for São Tomé and Principe

The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe. The agreement was signed at the Bank’s headquarters in Abidjan, Côte d’Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development, integration and service delivery. The Bank approved the budgetary support to São Tomé and Principe on 8 January 2020 under its programme to support economic reform and the energy sector.…

Read More
Investments 

NSO Policy Interviews – Victoria Chisala

5 Questions to Victoria Chisala, Acting Director of the Policy and Strategy Department’s on the African Development Bank’s Non-Sovereign Operations policy.* What is the objective of the Non-Sovereign Operations policy? The objective of the NSO policy dissemination is to expand the Bank’s engagement with the private sector to increase synergies between us. It is also an opportunity to provide information about the type of projects we finance or invest in as the African Development Bank. Ultimately, our goal is to support the transformation of the continent and we cannot do…

Read More
Investments 

Zimbabwe: African Development Bank, UN and World Bank launch 2019 Needs Assessment Report to spur economic recovery

The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, the first to be prepared jointly in Zimbabwe by the three organizations, was produced after the Government of Zimbabwe requested them to assess the scope of challenges and needs. The southern African nation has engaged on a path to accelerate policy and legal reform for economic recovery and inclusive growth. This includes investments in quality social services; social cohesion and peace; improved governance; and re-engagement with the international community.…

Read More
Investments 

African Development Bank unveils Policy on Non-Sovereign Operations

The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms. The workshop, held in Abidjan, was attended by government officials, diplomats, private sector representatives, partner organizations and the civil society. Bank officials engaged with key stakeholders and partners on its policy stance in…

Read More