What:  Forum to introduce newly launched African Pharmaceutical Technology Foundation Who:  The Government of Rwanda; World Health Organisation; African Development Bank; Coalition of Epidemic Preparedness Initiative; Global Access in Action; German Federal Ministry for Economic Cooperation and Development; The South Centre, and other partners When:  14 December 2022, at 7:00 AM Kigali Time / 5:00 GMT Where:  Meeting Hall 2,… Read More

The 17th African Economic Conference ended on Sunday with a charge to the development community and governments to take decisive actions to address climate change. The African Development Bank, United Nations Economic Commission for Africa, and United Nations Development Programme, the conference hosts, called on participants to walk the talk by producing concrete solutions for climate-smart development on the continent.… Read More

The African Development Bank and the Organisation for Economic Co-operation and Development’s (OECD) Development Centre have teamed up to roll out a new policy toolbox for a just low-carbon transition in Africa. The two institutions launched the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) on 15 November on the side-lines of COP27 in Sharm El-Sheikh, Egypt. The toolbox… Read More

The African Development Bank Group has appointed renowned Professor Padmashree Gehl Sampath as a special advisor on pharmaceuticals and health infrastructure to the Bank’s president, Dr. Akinwumi Adesina. She will also be leading the technical work related to the setting up of the African Pharmaceutical Technology Foundation, a new pan-African institution launched by the Bank, at the request of Regional Member… Read More

The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost of nearly $37 million. In… Read More

The 2022 African Economic Conference (AEC) opened today in the island nation of Mauritius with a strong call for Africa to adopt smart technologies to tackle what speakers described as ‘the looming climate change threat’ to the continent. “Supporting climate-smart development in Africa is extremely pertinent. Climate change is a looming threat to Africa. The continent is the most vulnerable… Read More

The African Development Bank and the World Bank have launched reports capturing the state of the power sector regulation in Africa and across the developing world. The institutions held a virtual launch event on Thursday 8 December, attended by 240 government officials, regulatory entities, development finance institutions and African and international private sector stakeholders. The African Development Bank’s Electricity Regulation… Read More

The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC (TMGO) project entails developing and operating a 50-megawatt power plant in Ethiopia… Read More

Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2), to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, African Development Bank Group Chief Akinwumi Adesina, the leadership of the International Fund for Agricultural Development (IFAD) and the Food and Agriculture Organization (FAO)… Read More