The African Development Bank, in partnership with professional services provider Ernst & Young and Perspectives Climate Group, has published a study on the demand for Certified Adaptation Benefits as a means of financing private sector adaptation projects in Africa. Certified Adaptation Benefits are generated by the Adaptation Benefits Mechanism (ABM), an innovative financial instrument that enables donors, consumers, and others… Read More

Opening up Africa’s borders to travel will drive investment and an economic rebound, according to the authors of the 2021 Africa Visa Openness Index. Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent. This year’s edition found that the onset of the Covid-19 pandemic substantially impacted free movement. “In this new era… Read More

The poorest countries will bear the worst effects of climate change and the highest costs in terms of economic production and higher mortality, according to Nobel laureate Esther Duflo. The 2019 Economics Nobel Laureate and professor of economics at the Massachusetts Institute of Technology (MIT), delivered the keynote at the African Development Bank’s 2021 Kofi Annan Eminent Speaker Lecture Series.… Read More

Kemeloi, a rural township in Kenya’s North Rift region, is witnessing a social and economic transformation. Sallie Lukuyu, the Principal of Aldai Technical Training Institute (ATTI), says it started with the elevation of the once laid-back village polytechnic to a technical institute offering wide-ranging courses and admitting students from across the wider North Rift region. “We have opened up what… Read More

Dr. Abe Manase Lori is haunted by the memory of a 45-year-old patient who succumbed to Covid-19 at the beginning of the pandemic in South Sudan. “This was a time when we ran out of resources…It was unfortunate. We lost him,” said the 34-year-old doctor, who works at the Dr. John Garang Infectious Disease Unit in Juba, the country’s capital.… Read More

A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s most populous country. The loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program. The program will help to unlock Nigeria’s agriculture sector potential. It will promote industrialization through the development of… Read More