Category: Business

The Board of Directors of the African Development Bank has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.  This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window… Read More

Fifty years ago, the African Development Fund was founded on one fundamental principle: To promote economic and social development in the lives of people in low-income and fragile African countries. Today, the Fund remains a staunch partner of these countries, touching the lives of millions of people across the continent. A people-first approach remains at the core of the Fund’s… Read More

African Development Bank Group President Dr Akinwumi Adesina concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust 16th replenishment of the African Development Fund, the Bank Group’s concessionary… Read More

African Development Bank Group President Dr Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” He was speaking about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center on Friday. Fielding questions from the Council’s Africa Center Chair, Ambassador Rama Yade; Senior Fellow Aubrey Hruby; and Washington/UN correspondent for Jeune Afrique and The… Read More

What:       Virtual book launch      Who:        Sahel and West Africa Club, African Development Bank, and United Nations Economic Commission for Africa When:      26 April 2022 12.00 – 13.00 GMT (Abidjan)                 14.00 – 15.00 GMT+2 (Paris & Johannesburg) / 15.00 – 16.00 GMT +3 (Addis Ababa) Where:     Virtual – Click here to Register The Sahel and West Africa Club, the United… Read More

The African Development Bank Group’s Annual Meetings in May will focus on the impact of climate change on Africa and the need for a just energy transition  on the continent, the Bank Group’s Secretary General said on Wednesday. Professor Vincent Nmehielle spoke during a virtual press conference convened to brief journalists about the agenda of the five-day meetings, to be… Read More

Who:    African Development Bank and African Legal Support Facility What:   African Mining Indaba 2022 Where:  Cape Town International Convention Center, South Africa (in-person) When:   9th – 12th May 2022 The African Development Bank will participate at the 2022 African Mining Indaba, in collaboration with the African Legal Support Facility. The theme of this year’s conference is The Evolution of African… Read More

The African Development Bank held its 2022 virtual business opportunities seminar Spring edition from 12-13 April to provide an overview of its policies, operations, procurement rules and country activities. The business opportunities seminar (BOS) offers companies, civil contractors, manufacturers, consultants, and suppliers from the Bank Group’s regional and non-regional members a one-stop-shop of information on how to provide goods and… Read More