Category: Business

The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, will travel to Mauritania on 12 September 2022 for a three-day visit. During the visit, Adesina will meet with the Mauritanian President, Mohamed Ould Cheikh El-Ghazouani, and other members of the government, including Ousmane Mamoudou Kane, Minister of Economic Affairs and Promotion of Productive Sectors, the Bank’s Governor… Read More

Launched in 2016, the Young Rural Enterprises Project in the Central West of Madagascar has helped improve agricultural yields. Yields of rice and maize doubled, according to a project progress report released by the African Development Bank on 30 August 2022. The African Development Fund, the Bank Group’s concessional window, provided the project with $23.42 million in financing, which was… Read More

The African Development Bank and the UN Capital Development Fund (UNCDF) featured two innovative mechanisms for scaling up adaptation action and finance during a joint event held on 1 September 2022 on the side lines of the Africa Climate Week in Libreville, Gabon. The moderator, Gareth Phillips, African Development Bank Manager for Climate and Environment Finance, noted that the current… Read More

Over a one-week period, from 31 July to 7 August 2022, eleven towns in the Democratic Republic of Congo’s (DRC) Kasai Oriental province took ownership of drinking water supply facilities. The handover was made as part of the achievements of Phase 1 of the Socio-Economic Infrastructure Strengthening Project (PRISE), which received $140 million in financing from the African Development Bank’s… Read More

The Government of the Arab Republic of Egypt and the African Development Bank Group on Monday signed a memorandum of understanding on the hosting of the Bank Group’s 2023 Annual Meetings in May next year. The meetings, which comprise the 58th annual assembly of the African Development Bank and the 49th meeting of the African Development Fund—the African Development Bank… Read More

The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors. They officially joined the Board on 1 August 2022, and began a four-day induction programme on 1 September 2022 to familiarize themselves… Read More

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions, says African Development Bank Group Acting Chief Economist and Vice President Kevin Urama. Speaking at a panel discussion—titled “African Countries Ownership in Determining… Read More

Cabo Verde is on course to becoming a regional ICT hub, thanks to the country’s investment in a digital transformation vision, with active support from the African Development Bank. The first phase of construction of the Cabo Verde Technology Park’s main buildings, which is funded by the African Development Bank, is 85% complete and will be ready before year-end, officials… Read More

What:      African Development Bank Development Evaluation Week 2022 Who:       Independent Development Evaluation (IDEV) African Development Bank When:     28-30 September 2022 Where:    Online (https://idev.afdb.org/en/afdb-evaluation-week-2022 ) Independent Development Evaluation (IDEV) at the African Development Bank will host the 2022 edition of its flagship Evaluation Week on the theme, “Building a stronger and more resilient Africa.” Evaluation Week 2022 will… Read More