Category: Business

The Board of Directors of the African Development Bank Group has approved a new strategy for addressing fragility and building resilience in Africa for the period 2022-2026. The strategy offers a roadmap for building more resilient institutions, economies, and societies across the continent over the next five years. This is the Bank’s third fragility and resilience strategy, built upon previous… Read More

What: 9th World Water Forum Who: African Development Bank and African Ministers’ Council On Water When: 21 – 26 March 2022 Where: Diamniadio, Dakar, Senegal                            The African Development Bank will be a lead partner of the 9th World Water Forum, to be held from 21-26 March 2022 in the lake city of Diamniadio, Senegal. The theme of this year’s… Read More

The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: “In 72 hours, you all… Read More

The African Development Bank Group is a lead partner of the 9th World Water Forum, which will be held from 21-26 March 2022 in the lake city of Diamniadio, Senegal. Co-organized by the World Water Council and the Government of Senegal, this year’s World Water Forum is the first hosted in Sub-Saharan Africa. The forum’s theme is “Water Security for… Read More

The Board of Directors of the African Development Bank Group on 11 February 2022 approved a $1.4 million grant for enhancing private sector engagement and capacity building for refugees and internally displaced persons in fragile areas of northern Mozambique. The project will be implemented by the global refugee agency UNHCR, collaborating with the Government of Mozambique. The grant is from… Read More

The African Development Bank’s new coordinator for its African Water Facility, Mtchera Johannes Chirwa, will deliver key findings of a rural water supply and sanitation report at the World Water Forum to be held in Dakar from 21-26 March 2022. At the Forum, Chirwa will co-lead a discussion of the State of Rural Water Supply and Sanitation Report, which details… Read More

The Board of Directors of the African Development Fund on Wednesday approved a $125.3 million loan to finance the first phase of the Dodoma Resilient and Sustainable Water Development and Sanitation Program in Tanzania. Specifically, the loan from the African Development Fund, the concessional window of the African Development Bank Group, will cover the construction of a dam and water… Read More

https://www.bloomberg.com/news/articles/2022-03-15/africa-can-wean-off-r… By Yinka Ibukun March 15, 2022, 1:11 PM GMT A $1 billion plan to boost wheat production in Africa should be accelerated to avert potential food shortages arising from Russia’s invasion of Ukraine, according to the head of the continent’s biggest multilateral lender. The African Development Bank is raising the funds to help 40 million African farmers utilize climate-resilient technologies and… Read More