Africa Investments 

African Development Bank and Portugal sign EUR 400 million guarantee agreement to underpin Lusophone Compact

The African Development Bank and the Portuguese government have signed a guarantee agreement to be extended to the African Development Bank under the Lusophone Compact. The Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries. The signing was witnessed by President  of the Republic of Mozambique Filipe Nyusi, Prime-Minister… Read More
Africa Investments 

Chad: No more class disruptions for pupils as project delivers toilets in 11 regions

Until three years ago, pupils at the Number One Evangelical Church of Chad primary school were forced to relieve themselves in the open air or go home to use the toilet. Now the school, in Moundou, Chad’s economic capital, is equipped with latrines. The school benefited from a water and sanitation program rolled out in semi-urban and rural areas in… Read More
Africa Investments 

African Climate Week 2022: In Central Africa, the African Development Bank collaborates with UN agencies to advance climate action

The African Development Bank and several UN agencies – the UN Regional Office for Central Africa, the Educational, Scientific and Cultural Organization (UNESCO) and the UN Office on Drugs and Crime (UNODC) – are joining forces to advance climate action in Central Africa. This region is highly strategic in the fight against climate change as it is home to the… Read More
Business Malawi 

Coke bottler commences operations in Malawi

BLANTYRE, MALAWI, 5 September 2022 – Coca-Cola Beverages Africa (CCBA), the largest Coca-Cola bottler in Africa, commenced operations in Malawi on 29 August 2022. This follows the closing of the transaction with Castel (Southern Bottlers Limited, or SOBO) to acquire Castel’s soft drinks business through CCBA’s local subsidiary Coca-Cola Beverages Limited (CCBL). Jacques Vermeulen, CCBA CEO said, “We see a… Read More
Africa Investments 

In the southwest of Madagascar, new roads mean easier access to health services

The year is 2018. Sitting in her office in the southwest of Madagascar, Razay Zanabaindrano recounts a tragic incident that resulted from poor roads in her hometown. Zanabaindrano is a midwife and pharmacist in Toliara — formerly Tulear — the coastal capital of southwest Madagascar and one of the most prominent trading hubs in the country. “There was once a… Read More
Africa Investments 

Africa Climate Week: Just transition in Africa calls for creativity and stronger financial commitments

African countries must chart their unique paths toward achieving a just transition, experts during  a session said, to assess the needs, challenges, and opportunities of implementing a just energy transition in Africa at Africa Climate Week. The event, titled The Just Transition in the African Context, was jointly organized by the African Development Bank and the African Climate Foundation. Laura… Read More
Africa Investments 

TICAD8 Official Side Event: Africa Continental Investor Convening: Partnering for SDG Investments in the Green & Blue Economy in Pursuit of…

Date:                 6 September 2022 Time:                 20:00-21:40 (JST), 11:00-12:40 (GMT) Co-organizers: African Development Bank and United Nations Development Programme Venue:              Online Languages:      English /French/ Japanese/ Arabic/ Portuguese On 6 September 2022, the African Development Bank and the United Nations Development Programme will host an event to showcase investment opportunities in the green and blue economy on the continent, including their potential… Read More
Africa Investments 

TICAD8: African Development Bank to complement Japan Africa Dream Scholarship with African Science, Technology and Innovation Fund – Dr. Adesina

African Development Bank head Dr. Akinwumi A. Adesina, has commended the Japan Policy and Human Resources Development Grant, established by the Bank and the government of Japan, for its support to the Japan Africa Dream Scholarship program. The Japan Africa Dream Scholarship program awards two-year scholarships to high-achieving African students to pursue post-graduate studies in priority development areas across Africa… Read More
Africa Investments 

Africa Adaptation Summit Leaders from government, the United Nations, and business gather for first-ever global summit to focus solely on…

What:             Africa Adaptation Summit Who:              The Global Center on Adaptation in collaboration with the African Union, the African Development Bank, the International Monetary Fund, the Africa Adaptation Initiative and the Climate Vulnerable Forum When:            5th September 2022 from 10:00-16:45 CEST Where:           Global Center on Adaptation floating office                        Antoine Platekade 1006, 3072 ME                        Rotterdam, Netherlands The Global Center on Adaptation is hosting the Africa Adaptation Summit… Read More
Africa Investments 

Mozambique: African Development Bank Vice-President Quaynor meets with government at outset of new country strategy

African Development Bank Vice-President for Private Sector, Infrastructure and Industrialization, Mr. Solomon Quaynor, officially visited Mozambique last week. He met with Mozambican government representatives and members of the private sector. Discussions covered the bank’s country strategy for Mozambique, recent reforms the government has undertaken, and the country’s strategic energy and transport sectors in particular.   The African Development Bank’s country manager… Read More
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