Category: Business

African Development Bank Group President Dr. Akinwumi Adesina met with President Ismail Omar Guelleh of Djibouti and senior government officials at the weekend to discuss the country’s economic progress and opportunities. Adesina was on a two-day official visit to the Horn of Africa nation. For more than two hours, he and President Guelleh discussed ways of transforming Djibouti’s economy as… Read More

African Development Bank Group President Dr Akinwumi Adesina wrapped up his official visit to Kenya on Friday, meeting with African diplomatic envoys and international development partners in Nairobi. He called for joint collaborative support to help accelerate Africa’s development. “Africa’s pace of development must be accelerated. We must work together for the continent to prosper, be competitive, and address the… Read More

The 15th Conference of the Parties (COP15) of the United Nations Convention to Combat Desertification concluded with a united global pledge to boost drought resilience and land restoration. The two-week meeting was held in Abidjan from 9 to 20 May 2022. It attracted Heads of State, ministers and 7,000 delegates from 196 countries, as nations sent a united call about… Read More

The African Development Bank has launched preparations for its next five-year Mozambique country strategy after a trying period that included cyclones, security challenges and the Covid-19 pandemic. The African Development Bank, in coordination with Mozambique’s Ministry of Economy and Finance, hosted a workshop on 12, 13 and 16 May 2022 on the Bank’s 2018-2022 Country Strategy Paper completion report, which… Read More

The African Development Bank and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new program to build the capacity of municipal chief financial officers across the continent. The Municipal CFO Initiative was announced during the 9th Africities Summit held recently in Kisumu, Kenya.   The new initiative will… Read More

What:    Panel discussion: Innovation in official statistics – hype or here to stay? Who:     African Development Bank When:   8 June 2022, 14:00pm – 15:30 GMT Where:  Virtual – Register here. The discipline of official statistics is poised for a revolution, with the emergence of data science. In its traditional form, official statistics have been about managing massive outbound and reverse… Read More

The Independent Development Evaluation (IDEV) unit at the African Development Bank has published two evaluation reports that examine the relevance, effectiveness, efficiency and sustainability of the Bank’s work in transition states, countries where the main development challenge is fragility. The first report analyzed the implementation of the Bank’s 2014-2019 Strategy for Addressing Fragility and Building Resilience in Africa. During the… Read More

Kenya is making rapid progress in the construction of its part of the Great Trans-African highway that runs from Cairo in Egypt to South Africa’s Cape Town. The 84km Kenol-Sagana-Marua highway, which runs through central Kenya, is being upgraded from a single lane road to a dual carriageway. It is expected to be completed in six months, two years earlier… Read More