Category: Investments

The African Development Bank Group’s Board of Directors has approved a loan of $86.72 million to co-finance the second phase of the Lesotho Highlands Water Project. The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho. The project entails harnessing the waters of the Senqu/Orange River in the Lesotho highlands by constructing… Read More

The African Development Bank handed over a consignment of vehicles, tools and equipment to Zimbabwe officials this week. The vehicles will strengthen the country’s capacity in disaster preparedness and management. Speaking at the handover ceremony, Bank representative, ZimFund Manager Emmanuel Nzabanita, reiterated the Bank’s commitment to promoting resilience and recovery in Zimbabwe, in support of the UN’s Sustainable Development Goals.… Read More

Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (IFFAC),will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector. The fund was launched at a ceremony held on Monday… Read More

The African Development Bank is pleased to announce the appointment of Dr. Souley Amadou as General Counsel and Director of the Legal Service Department, effective 1st November 2021. A transactional lawyer, Dr. Souley Amadou has over 25 years of substantive legal work experience, including over 20 years spent at the African Development Bank Group. He also assumed the role of… Read More

African Development Bank President Dr Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development Bank office in Washington a matter of importance, and that he would… Read More

What:     2021 Africa Investment Forum Market Days Who:      The African Development Bank and Africa Investment Forum founding partners When:    1-3 December 2021 Where:    Abidjan (hybrid event) The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire from 1-3 December 2021 in a hybrid format. This year there will be boardroom sessions… Read More

Au regard des défis à relever et des enjeux de la transformation structurelle pour une croissance inclusive au Bénin, six principaux piliers ont été identifiés comme socle du  nouveau modèle de croissance et de développement du pays, relève la Note de diagnostic‑pays (NDP) de la Banque africaine de développement publié le 27 septembre dernier. La note fixe, en premier, le… Read More

The fourth edition of the Africa Resilience Forum opened on Tuesday, as the continent’s most vulnerable communities confront the triple challenges posed by the Covid-19 pandemic, conflict and climate change. An estimated 39 million Africans could slip into extreme poverty this year, as a result of the pandemic. At the same time, countries are facing higher fiscal costs, reducing capacity… Read More

Le Projet d’appui à la production vivrière et de renforcement de la résilience dans les départements de l’Alibori, du Borgou et des Collines (PAPVIRE-ABC), est en bonne voie. Il a permis une nette amélioration de la productivité agricole et des rendements, selon le rapport d’exécution et de résultats publié le 22 septembre 2021 par la Banque africaine de développement. Mis… Read More

The Special Envoy for Climate of the US President Joseph Biden, Secretary John Kerry met with the President of the African Development Bank, Akinwumi Adesina, virtually today, ahead of this year’s global climate summit, COP 26.  They discussed Africa’s climate emergency, COP26 preparations and how the United States can help close the annual $27 billion climate finance gap for Africa.… Read More