Category: Business

Forty km north of Abidjan, Azaguié is a seemingly quiet town. But here, like everywhere else in Côte d’Ivoire, no one has forgotten the civil war that tore the country apart in 2011, causing more than 3,000 deaths and thousands of displaced people. After the conflict, which tore apart communities in Côte d’Ivoire that had previously lived in harmony, community… Read More

Parts of Africa are heating up twice as fast as the rest of the world, requiring urgent action to tackle a challenge that has mounted over the last decade, participants at an Africa Adaptation Acceleration Program webinar heard.  The Africa Adaptation Acceleration Program is a joint initiative of the African Development Bank and the Global Center on Adaptation.  The webinar,… Read More

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group’s concessional arm, the African Development Fund.… Read More

A road can change everything: the landscape it crosses, of course, but also the economic life of an entire region and the daily lives of the surrounding populations. For Hamuza Nakwala, a small trader in northern Mozambique, it was a road in the Nacala corridor that changed his life. You can recognize Hamuza from afar, by his skullcap and his… Read More

The African Development Bank has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August 2022. Akin-Olugbade, a Cameroonian national, is currently the Director General of the Business Development and Delivery Office for the West Africa Region of the Bank Group, where she works with the largest… Read More

The youth will drive Africa’s digital economy; hence the need to invest in their skills development to accelerate innovations and growth on the continent, African Development Bank Director General for East Africa Nnenna Nwabufo said. Speaking at the 9th World Financial Innovation Series in Nairobi, Kenya, on 19 July, she noted that the youth are ambitious, enterprising, and eager for… Read More

The African Development Bank and the government of Côte d’Ivoire initiated a preliminary dialogue in Abidjan on July 18-22, 2022, to lay the foundations for the Bank’s strategy in Côte d’Ivoire over the next five years. Led by the Bank’s Deputy Managing Director for West Africa, Joseph Ribeiro, the Bank’s delegation held weeklong discussions with various stakeholders and partners in… Read More