Category: Business

In just six years of operation, Africa50 has invested more than $6.6 billion in critical infrastructure, African Development Bank Group President Dr. Akinwumi Adesina said Monday during the Africa50 Infra Forum and General Shareholders Meeting in Lomé.  It was attended by Togolese President Faure Gnassingbé. Africa50 is an investment platform established by African governments and the African Development Bank to… Read More

The Board of Directors of the African Development Bank Group has approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa. BluePeak—a flagship  private capital fund domiciled in Luxembourg—will provide… Read More

The Board of Directors of the African Development Bank Group has approved a loan of $115 million to support a major road rehabilitation project in Nigeria’s Abia State. The project will see the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba. Financing for the project,… Read More

 AfDB Vice President Solomon Quaynor (left) and Thapelo Tsheole, ASEA’s President and CEO of the Botswana Stock Exchange, signed a grant agreement for $600,000 for the African Exchanges Linkage Project in Gaborone. The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a $600,000 grant to expand the number of linked… Read More

 Carolyne Mwangi, CEO of Kimplanter Seedlings and Nurseries in Kenya, received a $100,000 grant and business growth training though the YouthADAPT Challenge, a program co-financed by the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund The African Development Bank has welcomed a contribution of EUR 5.5 million from Italy for its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. Italian officials announced… Read More

The African Development Bank has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for African airlines. The sessions, held on 14 and 15 June, will support the Bank’s efforts to develop and adapt financing instruments to the continent’s aviation needs, boosting its air transport market. The workshops featured discussion of bank financing… Read More

What:  Presentation of the African Development Bank’s African Economic Outlook 2023 (Asian markets) Who:  The African Development Bank Group and the Korea Institute for International Economic Policy (KIEP) When:  Wednesday, 12 July 2023; Time: 07:00-9:00 GMT | 08:00-10:00 London time | 12:30-14:30 (India Standard Time) | 15:00-17:00 (China Standard Time) | 16:00-18:00 (Japan/Korea Standard Time) Where:  KIEP headquarters, Sejong-si, Korea;… Read More