Category: Business

The Board of Directors of the African Development Bank Group on 14 July 2023 approved a loan of €80 million to Benin to upgrade and extend the Port of Cotonou, one of the main maritime access points for landlocked countries in West Africa. The loan comprises €55 million from the African Development Bank and €25 million from Africa Growing Together… Read More

A productive working meeting in Abidjan on Tuesday between Senior Vice-President of the African Development Bank Group Bajabulile Swazi Tshabalala and a delegation from the World Bank led by Managing Director for Operations Anna Bjerde has resulted in a mutual agreement to identify key areas for intervention and collaboration. This collaboration strengthens efforts to tackle poverty and climate change, develop… Read More

The African Development Bank has signed on as a partner of the Women Deliver 2023 Conference, a multi-sectoral gathering for advancing gender equality. The conference will debut in Africa, from 17 to 20 July in Kigali, Rwanda. The Bank has earmarked $300,000 to support the Women Deliver 2023 Conference, which is expected to draw 6,000 in-person participants and 200,000 others… Read More

The Board of Directors of the African Development Bank has approved a US$ 20 million investment in the Pembani Remgro Infrastructure Fund II in Côte d’Ivoire. The Bank’s investment will allow the Fund to raise up to $400 million from private, commercial or institutional investors to invest in industrial and infrastructure projects in Africa. The Pembani Remgro Infrastructure Fund II… Read More

The African Development Bank Group has appointed Ousmane Fall, a Senegalese national, as Director of Non-Sovereign Operations and Private Sector, effective from the 1st of August 2023. Fall takes on this new role with 17 years of experience. He spent the last four years at the International Finance Corporation (IFC), where he provided strategic leadership on country planning and ministerial… Read More

African Development Bank Group President Dr Akinwumi Adesina on Sunday, outlined the Bank’s significant achievements and commitments to Africa, underscoring the Bank’s determination to mobilise resources for driving economic transformation, climate resilience, and addressing the continent’s debt challenge, among other priorities. Addressing the 5th Mid-Year Coordination Meeting of the African Union (AU) in Nairobi, Kenya, Adesina spoke about the Bank’s… Read More

A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.   The proposed 444-kilometre coastal highway, from Bassa County to Grand Kru County, is expected to deliver significant economic benefits for Liberia and promote regional integration with neighbouring… Read More