Category: Business

When Hawa Koroma moved to Kenema in Sierra Leone’s Eastern Province twelve years ago, she was looking for a fresh start following the civil war, which claimed her husband’s life. She could not have imagined how the move to this city 200km from the capital Freetown would change her life. Koroma, a paraplegic and widowed mother of five, arrived in… Read More

The African Development Fund (ADF) has celebrated 50 years of driving socioeconomic development in Africa’s most fragile countries. Held during the African Development Bank Group’s Annual Meetings—23 to 27 May—the event brought together beneficiaries and donors to speak about the impact and performance of the Fund. It also featured live performance and video.   Ana Monteiro, an environmental project coordinator… Read More

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