Category: Investments

The African Development Bank and the Association for the Development of Education in Africa (ADEA) have called for stronger links between technical and vocational education and training and industry to equip young people with the skills they need to boost technological advancement, trade and growth in Africa. A Technical and Vocational Education and Training (TVET) sector Scoping Study Workshop, financed… Read More

The African Development Bank’s support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported projects, especially in the areas of infrastructure, agriculture and technical innovation,… Read More

The African Development Bank Group is pleased to announce the appointment of Mr. Solomon Quaynor as the Vice President for the Private Sector, Infrastructure and Industrialization Complex, effective from 1st May 2020. Quaynor, a national of the United States of America, brings over 25 years of experience in development finance and investment banking. He is an emerging markets specialist with… Read More

The African Development Bank Group is pleased to announce the appointment of Dr. Kevin Kanina Kariuki as the Vice President for Power, Energy, Climate & Green Growth, effective from 16 April 2020. Kariuki, a Kenyan national, is a chartered electrical engineer with over 30 years of experience in power system development, renewable energy development and energy efficiency, climate change and… Read More

The African Legal Support Facility (ALSF) has launched a handbook on sovereign debt aimed at improving users’ understanding of the subject and offering development and implementation strategies and tips to avoid over-indebtedness. The Handbook on Sovereign Debt, produced by the ALSF in collaboration with 11 prominent debt professionals, was officially launched February 27 in Abidjan, on the first day of… Read More

The President of the African Development Bank Group, Dr. Akinwumi Adesina is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Acting Senior Vice President of the Bank with immediate effect.  Ms. Tshabalala, currently the Vice President for Finance and Chief Finance Officer for the African Development Bank Group, joined the Bank on August 1, 2018.  Ms. Tshabalala will… Read More

Somalia‘s Minister of Finance, Dr. Abdirahman Beileh and the African Development Bank‘s Vice President for Regional Development, Integration and Business Delivery, Khaled Sherif on Monday signed a $122.55 million grant agreement to advance Somalia’s national development agenda, consolidate peace and ensure inclusive economic growth and poverty reduction. The signing follows the approval on February 26 by the Bank’s Board, of… Read More

Over 200 leading African political, business, and diplomatic leaders gathered in Johannesburg for the 8th African Leadership Magazine Persons of the Year Award dinner. They witnessed Dr. Akinwumi Adesina, President of the African Development Bank, being honored as the African of the Year 2019.   Themed ‘Africa for Africans – Exploring the Gains of a Connected Continent’, the evening brought together… Read More

The African Development Bank and African Development Fund today approved a framework  for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country. The historic Framework for Somalia’s Arrears Clearance and a Policy-based Operation was approved at a meeting of the Boards of… Read More

“Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is with those words that the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, also Dean of the Board of directors of the African Development Bank, commended the outgoing Senior Vice President, Charles… Read More