Category: Investments

UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British Prime Minister Boris Johnson made… Read More

New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th. African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ Africa, a continent brimming… Read More

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans. “Just a few years ago, it was no easy matter to… Read More

The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe. The agreement was signed at the Bank’s headquarters in Abidjan, Côte d’Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development,… Read More

5 Questions to Victoria Chisala, Acting Director of the Policy and Strategy Department’s on the African Development Bank’s Non-Sovereign Operations policy.* What is the objective of the Non-Sovereign Operations policy? The objective of the NSO policy dissemination is to expand the Bank’s engagement with the private sector to increase synergies between us. It is also an opportunity to provide information… Read More

The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, the first to be prepared jointly in Zimbabwe by the three organizations, was produced after the Government of Zimbabwe requested them to assess the scope of challenges and needs. The southern African nation has engaged on a path to… Read More

The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms. The workshop, held… Read More

The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence to refer to the seven major FIDIC contracts (see… Read More

What: 8th Governing Council meeting of the Africa Fertilizer Financing Mechanism When: 24 January 2020, 9:00am to 4:00pm Where: African Development Bank – CCIA Building, Abidjan, Côte d’Ivoire The Africa Fertilizer Financing Mechanism (AFFM) will convene its 8th Governing Council (GC) meeting on 24 January 2020, at the African Development Bank, CCIA building in Abidjan, Côte d’Ivoire. The meeting will… Read More

The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential use. It will also create… Read More