Category: Business

Since joining the African Development Bank Group as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as African Development Bank Group President Dr. Akinwumi Adesina enjoined the Irish business community to invest more in… Read More

What can representatives of African cities learn from their counterparts from the rest of the world? To answer that question, the African Development Bank invited representatives of African municipalities to the 11th World Urban Forum held from 26-30 June in Katowice, Poland.  The Forum is the largest international conference addressing urban development. The Bank invited representatives of the cities of… Read More

The smiling boy runs up to his brother, who is waiting for him by the school gate. Together, they hurry to one of the stations served by Senegal’s first regional express train, or TER, which stops at many points in the capital, Dakar. The two boys climb into the cool interior of the train, eager to join their brothers at… Read More

Hadia Baruti Wimbi was only six years old when she left her parents’ home, eventually leading to her spending much of her childhood without any schooling. “An elderly member of my family came to see my parents, asking if she could take me away. She promised my parents that she would enrol me at school. When she became my guardian,… Read More

The United States has announced support for the African Development Bank’s initiative to significantly increase food production in Africa to avert the looming food crisis caused by the Russia-Ukraine war. The Bank Group’s $1.5 billion African Emergency Food Production Facility, approved by its Board of Directors in May, will provide 20 million smallholder farmers with climate-smart, certified wheat, maize, soy… Read More

The African Development Bank on 14 June 2022 launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution. The bond, due June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was issued under the African Development Bank Group’s… Read More

The Board of Directors of the African Development Fund today approved a $27.19 million grant to Ghana for infrastructure for skills development and job creation for youth and women in its post-Covid-19 recovery efforts. The grant will enhance higher-level skills delivery in the health system in the West African nation and create jobs for youth and women. The Post-Covid-19 Skills… Read More

The African Development Bank Group has appointed Dr. Soumik Paul as Acting Director of the Staff Welfare Services, Compensation and Employment Policy Department. Dr. Paul, a citizen of Kenya, is a consultant surgeon with extensive managerial experience in clinical medicine, surgery, disaster medicine, occupational health and safety, medical insurance, and medical law. He also has experience in welfare services and… Read More