Category: Business

Financing Approval Date: 21 December 2022 Project name: Technical Assistance for Dam Design and Interconnection Studies Amount: €201,000 ________________________________________ Objectives The grant, extended through the Bank’s Technical Assistance Fund for Middle-Income Countries, will support technical assistance to the Government of Morocco for the design of dams, river development and inter-basin interconnection studies. The beneficiary institution is the Directorate of Hydraulic… Read More

The African Development Bank has appointed Abdourahmane Diaw as Country Manager for its Egypt Country Office, effective 1st November 2022. Diaw, a Senegalese national, brings more than 28 years of experience in the implementation of development programs and projects. These range from identification to evaluation, supervision and monitoring of programmes, to projects, monitoring performance of national and regional portfolio and… Read More

The African Development Bank has appointed Omar Sefiani as Acting Director of the Treasury Department, effective 1st November 2022. Sefiani is a Moroccan national and finance expert with over 17 years of experience in international capital markets. He currently manages the Treasury Investments & Trading Division at the Bank. In this capacity, Sefiani currently oversees the management of the Treasury… Read More

The African Development Bank has appointed Ahmed Rashad Attout as Acting Director, Financial Sector Development Department, effective 1st December 2022. A seasoned and results-oriented banker, Attout, an Egyptian citizen, has over 23 years of banking experience in Africa and the Middle East and is currently the Manager of the Capital Markets Development Division. He has a special focus on capital… Read More

  L-R: Allan Kasujja, Moderator; Admassu Tadesse, president and CEO, Eastern and Southern African, Trade and Development Bank; Danladi Verheijen, Co-founder and CEO, Verod Capital; Mr. Malick Ndiaye, CEO, Banque Agricole; Dr. Olagunju Ashimolowo, Vice President, Operations, ECOWAS Bank for Investment and Development; Mr. Wagner Albuquerque de Almeida, Global Director for Manufacturing, Agribusiness and Services, International Finance Corporation. Global experts… Read More

African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for the 2023/24 period, the African Development Bank has projected. Prof. Kevin Urama, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the bank, said that with Africa’s abundant natural capital, massive youthful… Read More

After successfully hosting COP27 in November 2022, the Egyptian resort city of Sharm El Sheikh is preparing for the African Development Bank Group’s Annual Meetings in May. A preparatory mission to Cairo and Sharm El Sheikh led by the Bank’s Secretary General Vincent Nmehielle expressed satisfaction with the progress made to date towards the organization of the meetings, to be held from… Read More