Category: Business

Amid a looming food crisis, Ethiopia has emerged as an African country that has taken significant steps to achieve self-sufficiency in food production. With support from the African Development Bank’s agricultural Technologies for African Agricultural Transformation program, Ethiopia has not imported grain in 2022, African Development Bank President Akinwumi Adesina emphasized during a meeting with G7 development ministers meeting on… Read More

The African Development Bank is pleased to announce the appointment of Dr. Daniel Alexander Schroth as Director of the Renewable Energy and Energy Efficiency Department, effective 16 May 2022. Prior to his appointment, Schroth, a German citizen, served as Acting Director. Schroth joined the Bank in 2012 following several senior appointments with various international organizations, including as Political and Economic… Read More

The African Development Bank is pleased to announce the appointment of Ms. Malado Kaba as Director of the Gender, Women and Civil Society Department of the African Development Bank, effective 16th June 2022. Kaba, a Guinean citizen, brings over 25 years of experience in international development and finance, covering public policy, macroeconomic policies, gender and development strategies. She is an… Read More

In 2017, 32-year-old Hamsa Hamidou of Simiri in southwest Niger’s Tillabéry region, was given a cow. Three years later, he sold it and used the money to buy a sheep and ewe. “I fattened them and then sold them. I continued this way and three years later, I had four ewes, three sheep, and a cow,” he says. Supported by… Read More

In the early 2010s, Godelive Ngalula, a trader from Kikwit, the main town of Kwilu Province in the Democratic Republic of Congo, spent a week to travel the 350 kilometres (km) to Tshikapa in Kasaï Province and 50,000 Congolese francs (about $24.5) on food. A decade later, the situation has changed. “The trip takes only about a day thanks to the… Read More

Scaling up sustainable land management and ecosystem restoration have definite economic benefits for African countries, according to experts who took part in a panel discussion as part of the fifteenth Conference of the Parties (COP15) of the United Nations Convention to Combat Desertification. The panel was moderated by the African Development Bank. Africa is facing declining rainfall and falling agricultural… Read More

The Independent Recourse Mechanism (IRM) of the African Development Bank Group (AfDB) launches its first-ever Accountability Report to present its performance to its stakeholders ahead of the Bank’s Annual General Meeting scheduled in Accra, Ghana from 23-27 May 2022. The 2021 Accountability Report presents IRM’s activities and progress against its annual workplan, and towards fulfilling its vision, mission, and core… Read More

The Stock Exchange of Mauritius (SEM) on Thursday launched a new automated trading system, positioning itself as an attractive multi-currency listing platform capable of offering sophisticated products and services to domestic and international investors. The launch took place at a ceremony in Port Louis, the country’s capital. The Middle-Income Country Technical Assistance Fund, a tailored instrument hosted and funded by… Read More