Category: Business

The government of Japan and the African Development Bank have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis. The funds… Read More

Original story: https://www.ft.com/content/456479eb-6c03-4e1f-b051-934f0f9b5378 On the day of Shinzo Abe’s assassination in early July, Akinwumi Adesina, the president of African Development Bank, mourned the death of Japan’s longest-serving prime minister by calling him “a great friend of Africa”. “He drove Ticad for a very strong Japan-Africa partnership,” Adesina said in a condolence message posted on… Read More

Representatives of Nigeria’s Diaspora, national networks, and youth and women groups have hailed the African Development Bank for supporting transformational projects in the country and across Africa. The African Development Bank forum, which took place in early August, is part of the institution’s ongoing mid-term review of its country strategy for Nigeria. Over two days, more than 200 participants received… Read More

The African Development Bank Group will play a key role in the eighth edition of the Tokyo International Conference on African Development (TICAD) taking place in the Tunisian capital, Tunis, this year as Japan—a long-time development partner of Africa—continues to lend its economic weight to the continent’s progress. Running from 27 to 28 August, TICAD8 will bring together delegates from… Read More

The African Development Bank has provided a financial modeling training to staff of the government of Chad, helping prepare the national utility as part of Desert to Power interventions in the country. Desert to Power is a flagship programme of the African Development Bank: it aims to light up and power the Sahel region by adding 10 GW of solar… Read More

From 7 to 10 June 2022, the African Development Bank organized a training in Bujumbura, Burundi on the use of an IT solution for the preparation, supervision, monitoring and evaluation of remote projects.   RASME (Remote Appraisal, Supervision, Monitoring and Evaluation) uses new information and communication technologies to optimize the collection, analysis and management of data for the preparation, evaluation and… Read More

Senior African Development Bank officials recently undertook a three-day business mission to Zimbabwe. The bank’s vice president for power, energy, climate and green growth, Dr Kevin Kariuki, and its vice president for private sector, infrastructure and industrialization, Mr. Solomon Quaynor, both met with senior Zimbabwean government officials and business leaders in Harare last week. Discussions covered developing the private sector… Read More

The Southern Africa region’s investment opportunities and prospects for economic growth are encouraging despite recent headwinds of a global pandemic and food crisis, the African Development Bank’s Senior Vice President Swazi Tshabalala has said. Tshabalala attended the 42nd Ordinary Summit of Heads of State and Government of the Southern African Development Community (SADC) which closed in the Democratic Republic of… Read More