Over a one-week period, from 31 July to 7 August 2022, eleven towns in the Democratic Republic of Congo’s (DRC) Kasai Oriental province took ownership of drinking water supply facilities. The handover was made as part of the achievements of Phase 1 of the Socio-Economic Infrastructure Strengthening Project (PRISE), which received $140 million in financing from the African Development Bank’s… Read More

The Government of the Arab Republic of Egypt and the African Development Bank Group on Monday signed a memorandum of understanding on the hosting of the Bank Group’s 2023 Annual Meetings in May next year. The meetings, which comprise the 58th annual assembly of the African Development Bank and the 49th meeting of the African Development Fund—the African Development Bank… Read More

The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors. They officially joined the Board on 1 August 2022, and began a four-day induction programme on 1 September 2022 to familiarize themselves… Read More

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions, says African Development Bank Group Acting Chief Economist and Vice President Kevin Urama. Speaking at a panel discussion—titled “African Countries Ownership in Determining… Read More

Cabo Verde is on course to becoming a regional ICT hub, thanks to the country’s investment in a digital transformation vision, with active support from the African Development Bank. The first phase of construction of the Cabo Verde Technology Park’s main buildings, which is funded by the African Development Bank, is 85% complete and will be ready before year-end, officials… Read More

What:      African Development Bank Development Evaluation Week 2022 Who:       Independent Development Evaluation (IDEV) African Development Bank When:     28-30 September 2022 Where:    Online (https://idev.afdb.org/en/afdb-evaluation-week-2022 ) Independent Development Evaluation (IDEV) at the African Development Bank will host the 2022 edition of its flagship Evaluation Week on the theme, “Building a stronger and more resilient Africa.” Evaluation Week 2022 will… Read More

What:      Webinar Who:       African Development Bank, Africa Digital Financial Inclusion facility (ADFI), Pula Advisors, Ministry of Community Development and Social Services, Government of Zambia When:     29 September 2022; 15.00-16.15 (GMT) 16.00-17.15 (WAT), 17.00-18.15 (CAT), 18.00-19.15 (EAT) Where:    Virtual – REGISTER HERE Join senior experts from the African Development Bank, the Africa Digital Financial Inclusion Facility (ADFI), the Ministry of Community… Read More

On Wednesday 7th September 2022, the African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) / AAA (Japan Credit Rating), launched and priced a new EUR 1.25 billion 7-year Global Benchmark transaction, in a Social Bond format, due 14 September 2022. The bond pays a coupon of 2.250% with a re-offer yield of 2.310%. The new… Read More