Category: Business

African Development Bank Group chief Dr. Akinwumi Adesina, will call on President Uhuru Kenyatta today at the start of a four-day official visit to Kenya . Dr. Adesina, who arrived in Nairobi this morning, will also meet other senior government officials including Cabinet Secretary, National Treasury and Planning, Ambassador Ukur Yatani Kanacho, who is also the African Development Bank Group’s… Read More

Winners of the Africa Adaptation Acceleration Program’s 2021 YouthADAPT Challenge have received training to equip them to produce and scale climate-related innovation and create green jobs. The challenge competition awards business grants of up to $100,000 to young entrepreneurs and micro, small, and medium-sized enterprises in Africa to develop innovative solutions on climate adaptation and resilience. During the three-day workshop,… Read More

The African Development Bank has won praise, in particular from UN Secretary-General António Guterres, for setting the bar in 2019 by allocating half of its climate finance to adaptation. To find out how the Bank has fared in mainstreaming green growth and climate change into its policies, strategies, and operations, the Independent Development Evaluation (IDEV) unit conducted an assessment covering… Read More

Africa — the main victim of climate change, despite emitting only 3% of greenhouse gases — should turn its climate challenges into opportunities to create green jobs for youth and women. This was the message that emerged at a knowledge event held on the sidelines of the African Development Bank Group’s Annual Meetings in Accra. The session, held on the… Read More

On the margins of the African Development Bank Group’s 2022 Annual Meetings, the Africa Investment Forum convened investors to promote the power of the platform to draw critical investment to the continent. The investor roundtable on 25 May came at a time when capital flows are in flux in the aftermath of the Covid-19 pandemic. Such discussions are integral to… Read More

Heads of Africa’s leading regional and continental bodies on Thursday met to discuss how to fast-track the continent’s development plan, known as Agenda 2063. Covid-19 and rising fuel, food and fertilizer prices in the wake of the Russia-Ukraine war, have raised the stakes, and the urgency to speed up recovery. The roundtable was organized by the African Development Bank Group,… Read More

On Thursday evening, Ghana shared its rich cultural legacy with participants at the African Development Bank Group’s 2022 Annual Meetings, which ended on Friday. The evening lived up to its promise, beginning with a poem read in the Ashanti language, praising the power of African solidarity. It was followed by traditional music from the region. Participants discovered the majestic dance… Read More

The Management Board and Governing Council of the African Legal Support Facility (ALSF) have expressed satisfaction with the strong 2021 performance of the ALSF. They also commended the team’s timely and sustained response to the impacts of the Covid-19 pandemic across the Facility’s areas of intervention. The Board and Council also passed resolutions regarding ALSF operations. This was the Facility’s… Read More

Ethiopia has set its sights on becoming a regional breadbasket, the country’s finance minister Semereta Sewasew said on Thursday. Sewasew was speaking on the sidelines of the African Development Bank Group’s Annual Meetings in Accra during a discussion on building climate resilience in the agriculture sector. The topic has gained renewed currency in light of the Russia-Ukraine war, which has… Read More