Category: Investments

Why the Africa Investment Forum matters for the continent’s energy transformation: – Wale Shonibare, Acting Vice-President, Power, Energy, Climate Change & Green Growth, African Development Bank | African Development Bank – Building today, a better Africa tomorrow Read More

In the past decade, a stroll along the aisles of any African supermarket is revealing: there is a new wave of home-brewed brands that are fast becoming household names. Products like Dangote rice from Nigeria, Akabanga pepper oil from Rwanda and Tomoca coffee from Ethiopia attest to the gradual but persistent evolution towards greater agro-processing and value addition in the… Read More

The year 2019 will be one of the defining moments in Africa’s investment landscape. Bigger, bolder and more ambitious projects await delegates and investors as we prepare to kick off the second edition of the Africa Investment Forum. A multi-billion-dollar petrochemical project in Egypt and the Kigali Innovation City Project in Rwanda, are only two of the projects which featured… Read More

With the right policies and linkages, Africa can become an indispensable global economic hub, Singapore’s Senior Minister Tharman Shanmugaratnam noted Tuesday, commending the continent’s diverse economic potential. Delivering this year’s Kofi A. Annan Eminent Speakers’ Lecture series at the African Development Bank headquarters in Abidjan, Shanmugaratnam outlined five strategies which must underpin the continent’s transformation drive and efforts to build… Read More

What: 2019 Kofi A Annan Eminent Speakers’ Lectures Who: Tharman Shanmugaratnam, Senior Minister of Singapore When: 5 November 2019, 10:00 Where: Babacar N’diaye Auditorium, African Development Bank HQ, Abidjan, Cote d’Ivoire The African Development Bank will host Singapore’s Senior Minister Tharman Shanmugaratnam as the Special Guest Speaker of the Kofi A. Annan Eminent Speakers’ Lecture Series taking place on Tuesday,… Read More

African Development Bank and World Food Programme (WFP) teams in Zimbabwe held a two-day workshop on 28 and 29 October 2019 to explore ways of consolidating efforts in aid of the country’s socio-economic development. The workshop was premised on the global Memorandum of Understanding signed between the Bank and WFP in 2010 to build synergies and consolidate efforts to achieve… Read More

The President of the African Development Bank, Akinwumi Adesina, has been awarded an Honoris Causa from Bowen University in Nigeria. The award, which was presented at the 14th graduation ceremony of the University held on November 2, 2019, was in recognition of Adesina’s “immense contribution to promoting entrepreneurship on the African continent.” For almost a decade, African youth have continued… Read More

The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank’s 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced. “Today is a day of joy for Africa…because the shareholders of the African Development Bank trust… Read More

The President of the Republic of Côte d’Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank to “make the right decision” to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the African Development Bank Board of Governors in Abidjan. “Achieving the… Read More

Bank’s capital base more than doubles. Jumps from $93 billion to $208 billion Largest capital increase in the Bank’s history signals a united front by shareholders At an extraordinary shareholders’ meeting today in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution. The… Read More