Category: Business

Effective economic policies require good-quality data, robust models, and use of modern and adequate statistical software. Such policies could only be taken based on the use of suitable macroeconomic and forecasting models and well-tested analytical hypotheses, Mamady Souare, the African Development Bank’s Country Manager in the Central African Republic said recently during a training workshop. “As we continue to experience… Read More

The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase. African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030. The African Union Development Agency and the Government… Read More

The African Development Bank’s Transition States Coordination Office organized a training workshop in Yaoundé to strengthen the capacity of Regional Member Countries and Regional Economic Communities on the Strategic and Operational Application of the Fragility Lens. The training was led by Bank staff from several departments with support from the Bank’s Central Africa Regional Development and Business Delivery Office. It… Read More

Africa’s push for food sovereignty and resilience depends on investments and partnerships, African Development Bank Group president Akinwumi Adesina said on Thursday at the Dakar 2 Food Summit a food summit in Senegal. Speaking during a panel discussion on Building Multilateral partnership and financing support, Dr Adesina outlined how the bank was using technology to spur agricultural productivity in various… Read More

An African Development Bank-funded project in Sierra Leone is fast building technical and business skills for young people in the country. Approved by the bank’s board four years ago, the Freetown Water, Sanitation, Hygiene and Aquatic Environment Revamping Project has strongly supported training and helped form micro and small enterprises groups for water meter installation. High youth unemployment is a… Read More

Thousands of youths in Malawi have gained employment and some have even created jobs for their peers, thanks to a project supported by the African Development Bank.  The Jobs for Youth in Malawi project implemented between 2017 and 2022 has helped develop an entrepreneurial culture among young people, from primary school to university according to the project completion report released… Read More

(l to r) Nungari Mwangi, AgriSME Strategy and Partnerships Officer, AfDB, Atsuko Toda, Director, Agricultural Finance and Rural Development, AfDB, Andrew Mude, Lead, AgriSME Development and Financing, AfDB, Beth Dunford, Vice President, Agriculture, Human and Social Development, AfDB, Anita Vandenbeld, Parliamentary Secretary to Canada’s Minister of International Development and Edmond Wega, Executive Director for Canada, AfDB, pose for a photo… Read More

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark $1 billion in approved funding designated for lending to African  women entrepreneurs. This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges of food security in Africa. The Dakar 2 Africa Food Summit, co-hosted… Read More