Category: Business

The United Kingdom may channel some of its International Monetary Fund Special Drawing Rights (SDRs) to Africa through the African Development Bank, revealed UK Minister for Africa, Latin America and the Caribbean Vicky Ford yesterday.  “Let me be very clear, the UK would like to channel some of our SDRs to Africa through the African Development Bank,” Ford said on… Read More

African governments and international development institutions have voiced support for the African Development Bank Group’s $1.5 billion emergency food production facility to help avert a looming food crisis across Africa. The Bank Group’s board approved the facility on Friday. At a virtual meeting convened by the African Union Commission on Thursday, government ministers and development partners commended the initiative, which… Read More

The African Development Bank, MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy professionals and policy makers from the target countries, and proposes a… Read More

Africa’s gross domestic product has recovered strongly in the last year, but the lingering effects of the Covid-19 pandemic, Russia’s invasion of Ukraine and the ensuing war could pose considerable challenges in the medium term. This is according to the 2022 African Economic Outlook, released by the African Development Bank on Wednesday. Africa’s gross domestic product grew by an estimated… Read More

La présidente tanzanienne Samia Suluhu Hassan a reçu mercredi à Accra, lors des Assemblées annuelles du Groupe de la Banque africaine de développement, le Super prix de grand bâtisseur – Trophée Babacar N’Diaye pour son investissement personnel dans l’élaboration et la réalisation de projets routiers, ferroviaires et aéroportuaires en Tanzanie. Le prix a été attribué à Mme Hassan à l’occasion de… Read More

Ghana’s President Nana Akufo-Addo, Filipe Nyusi of Mozambique, President Samia Suluhu Hassan of Tanzania, and Azali Assoumani of Comoros have voiced strong support for the the African Development Bank Group to lead in financing the continent’s development.  The leaders shared a stage during a presidential dialogue session on the opening day of the African Development Bank Group’s 2022 Annual Meetings;… Read More

Un panel sur la mobilisation des ressources internes pour le financement du développement en Afrique a été réuni, en marge de l’ouverture des Assemblées annuelles du Groupe de la Banque africaine de développement qui se tiennent à Accra, au Ghana, du 23 au 27 mai. Le panel sur le thème, « Dialogue sur l’efficacité fiscale pour la mobilisation des ressources intérieures en… Read More

The African Development Bank Group and Sweden’s Development Finance Institution, Swedfund International AB (Swedfund), have formalized an agreement to enhance private sector participation in independent power transmission line projects in Africa. Under the agreement, the Bank Group and Swedfund will collaborate to promote private sector participation in transmission, mainly through public-private partnerships. This will be achieved through project preparation and… Read More

African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group Read More

The African Development Bank has signed an agreement with Gabinete de Implementação do Projecto Hidroeléctrico de Mphanda Nkuwa, an implementing entity, to provide advisory services for the development of the $4.5 billion 1,500 MW Mphanda Nkuwa Hydro Power Project in Mozambique. The agreement was signed Tuesday on the side-lines of the Bank’s Annual Meetings, which are taking place in Accra… Read More