Africa Investments 

11th World Urban Forum: amplifying the voices of African cities

What can representatives of African cities learn from their counterparts from the rest of the world? To answer that question, the African Development Bank invited representatives of African municipalities to the 11th World Urban Forum held from 26-30 June in Katowice, Poland.  The Forum is the largest international conference addressing urban development. The Bank invited representatives of the cities of… Read More
Africa Investments 

In Tanzania, a special training center provides a second chance for out-of-school youth

Hadia Baruti Wimbi was only six years old when she left her parents’ home, eventually leading to her spending much of her childhood without any schooling. “An elderly member of my family came to see my parents, asking if she could take me away. She promised my parents that she would enrol me at school. When she became my guardian,… Read More
Africa Business Ghana West Africa World 

Ghana goes back to the IMF for support amid economic distress

– – Ghana’s government has announced plans to seek support from the International Monetary Fund (IMF) as it continues to struggle with worsening economic conditions. The West African nation’s economy continues to plummet as it struggles to improve the living standards of citizens. The country’s public debt stock now stands at GH¢341.8 billion ($45.5 billion) with a corresponding debt to… Read More
Africa Investments 

US President Biden backs African Development Bank’s plan to feed Africa

The United States has announced support for the African Development Bank’s initiative to significantly increase food production in Africa to avert the looming food crisis caused by the Russia-Ukraine war. The Bank Group’s $1.5 billion African Emergency Food Production Facility, approved by its Board of Directors in May, will provide 20 million smallholder farmers with climate-smart, certified wheat, maize, soy… Read More
Africa Investments 

African Development Bank launches first ESG African frontier-currency bond

The African Development Bank on 14 June 2022 launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution. The bond, due June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was issued under the African Development Bank Group’s… Read More
Africa Investments 

Ghana: African Development Fund approves $27.19 million grant for skills development infrastructure to boost post Covid-19 recovery

The Board of Directors of the African Development Fund today approved a $27.19 million grant to Ghana for infrastructure for skills development and job creation for youth and women in its post-Covid-19 recovery efforts. The grant will enhance higher-level skills delivery in the health system in the West African nation and create jobs for youth and women. The Post-Covid-19 Skills… Read More
Africa Investments 

African Development Bank appoints Dr. Soumik Paul as Acting Director, Staff Welfare Services, Compensation and Employment Policy Department

The African Development Bank Group has appointed Dr. Soumik Paul as Acting Director of the Staff Welfare Services, Compensation and Employment Policy Department. Dr. Paul, a citizen of Kenya, is a consultant surgeon with extensive managerial experience in clinical medicine, surgery, disaster medicine, occupational health and safety, medical insurance, and medical law. He also has experience in welfare services and… Read More
Africa Investments 

African Development Bank Appoints Jessica Kitakule-Mukungu as Acting Director, Talent, Performance Management and Staff Development Department

The African Development Bank has appointed Jessica Kitakule-Mukungu as Acting Director of the Talent, Performance Management and Staff Development Department. Mrs. Kitakule-Mukungu, a British national, has over 20 years of international experience with various international organizations. She is currently Manager for the Human Resources Operations Division, where she leads the human resources administration, staff benefits management, payroll, client services and human… Read More
Africa Investments 

African Development Bank appoints Acting Director of Human Resources

The African Development Bank Group has appointed Mr. Ifechukwude Emmanuel Ezinwa as Acting Director of the Human Resources Operations, Recruitment and Client Services Department, with effect from 1st July 2022. Mr. Ezinwa, a Nigerian national, is currently Manager of the Human Resources, Client Relations and Staff Engagement Division. He is a seasoned people management professional, with a diverse range of… Read More