Category: Business

<!– Photo caption: The signing of the grant agreement took place at the Bank’s premises in Abuja, 23 March 2022. –> The African Development Bank and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. Lamin… Read More

A new report estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in… Read More

* Any views expressed in this opinion piece are those of the author and not of Thomson Reuters Foundation. Original story : https://news.trust.org/item/20220325113512-8uzjv A foreign conflict has exposed Africa’s dependence on imports and is galvanising action to boost local food production and tackle climate threats Patrick Verkooijen is CEO of the Global Center on Adaptation, Anne Beathe Tvinnereim is Norway’s Minister… Read More

African Development Bank Group’s President, Dr. Akinwumi A. Adesina, makes a powerful speech during the South Africa Investment Conference About the South Africa Investment Conference:Since launch in 2018, the South Africa Investment Conference (SAIC) has drawn delegates from South Africa and the rest of the world with the objective of showcasing the investment opportunities available in the country. To date,… Read More

By Dr. Beth Dunford Water is essential for economic development, food production, energy, and industrialization. Water is a major tool for poverty alleviation and direct lines can be drawn to the pursuit of gender equality. Yet millions of Africans do not have access to this essential resource. The financing needed to ensure water security is huge. World Water Day and… Read More

“We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022 African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support… Read More

Map showing the Mano River Union region: Improving road infrastructure and promoting intra-community trade will help boost the post-conflict recovery in the Mano River Union area. The Board of Directors of the African Development Fund,  the concessional window of the African Development Bank Group, on Wednesday approved $88.2 million in financing for the third phase of the Road Development and… Read More

The conference also honored the 22 women who had served an African country as president or prime minister.  African Development Bank Group President Dr. Akinwumi A. Adesina told women at a conference in Pretoria on Wednesday that they are part of a revolution that is building across Africa. The head of Africa’s premier development lending institution was speaking at the… Read More