Category: Business

Portuguese Foreign Affairs Minister João Gomes Cravinho has affirmed his country’s continuing support for the African Development Bank during a meeting at the Bank’s headquarters in Abidjan. Portugal has been a non-regional member of the Bank since 1983. Cravinho met with African Development Bank Group Senior Vice President Swazi Tshabalala and members of the finance, and resource mobilisation departments on… Read More

The 2023 World Circular Economy in Helsinki, Finland, organized by the Finnish Innovation Fund Sitra, brought together 2000 participants from 156 countries including business and government leaders, policymakers and experts from around the world. Participants presented the world’s best circular economy solutions. The circular economy is a model of production and consumption involving sharing, leasing, reusing, repairing, refurbishing and recycling… Read More

The African Development Bank Group has appointed Josiah Maximilian Bankole Jarrett as Director of Strategy and Delivery in the Office of the President, effective 16 July 2023. Jarrett, a British national, has over 33 years of experience in African economic and political affairs, multilateral government relations, and strategic communications. Since 2001, he has worked in international organizations in various executive… Read More

The African Development Bank has awarded Benin a total loan of €164.25 to improve urban service delivery and build resilience to flooding caused by climate change. The loan for the implementation of the Secondary Cities Stormwater Drainage Project (PAPVS), was approved by the Bank’s Board of Directors on Wednesday, 5 July 2023, in Abidjan. It comprises € 118.75 million from… Read More

Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund – a move described as an unprecedented milestone for Africa. The fund is the first private vehicle infrastructure platform launched by Africa50. The collaboration brings together a diverse group of influential stakeholders from Africa and outside the region. It comprises 17 African… Read More

The African Development Bank has restated its support for the Libyan Government’s agenda to boost food security and build resilience in the North African country. Malinne Blomberg, the Bank’s Deputy Director General for Northern Africa, gave the assurance during a coordination meeting on the Food Security Agenda in Libya. “Food security is a prerequisite for economic development, social stability, and the overall… Read More

The African Development Bank and KfW, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), today announced the replenishment of the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, which aims to boost regional infrastructure in Africa. The German Government will provide €10 million to replenish the Special Fund. The agreement was signed in Berlin… Read More

WHAT:          Launch of Tax Transparency in Africa 2023 report WHEN:          Thursday, 6 July 2023 TIME:            09:00-13:00 South African Time (07:00-11:00 GMT) WHERE:       Cape Town International Convention Center (CTICC), Cape Town, South Africa. Register here to attend online The Global Forum on Transparency and Exchange of Information for Tax Purposes, the African Union Commission and the African Tax Administration Forum will jointly launch the… Read More

The African Development Bank Group’s Board of Directors has approved a $7.88 million grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst Programme, which aims to increase renewable energy generation across the continent. The Africa Energy Transition Catalyst Programme or AETC, consolidates the Bank’s support for the acceleration of a Just Energy transition (JET) for… Read More