Category: Business

As the world moves toward energy transition, it is important that Africa’s ongoing challenges with access to clean, affordable and inclusive energy be addressed for the continent to achieve a fair and just energy transition, panelists said during the 2022 African Economic Conference (AEC). They made these points during a dialogue of development partners on Africa’s just energy transition on… Read More

African Development Bank Group President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the African Union Development Agency, the African Sovereign Investors Forum, the European… Read More

The 2022 Africa Visa Openness Index (AVOI) report shows African countries making progress in their freedom of travel policies, most of which had been severely curtailed by the Covid-19 crisis. The annual publication, prepared by the African Development Bank Group in collaboration with the African Union Commission, is now in its 7th edition and was launched on Sunday on the… Read More

What:  Forum to introduce newly launched African Pharmaceutical Technology Foundation Who:  The Government of Rwanda; World Health Organisation; African Development Bank; Coalition of Epidemic Preparedness Initiative; Global Access in Action; German Federal Ministry for Economic Cooperation and Development; The South Centre, and other partners When:  14 December 2022, at 7:00 AM Kigali Time / 5:00 GMT Where:  Meeting Hall 2,… Read More

The 17th African Economic Conference ended on Sunday with a charge to the development community and governments to take decisive actions to address climate change. The African Development Bank, United Nations Economic Commission for Africa, and United Nations Development Programme, the conference hosts, called on participants to walk the talk by producing concrete solutions for climate-smart development on the continent.… Read More

The African Development Bank and the Organisation for Economic Co-operation and Development’s (OECD) Development Centre have teamed up to roll out a new policy toolbox for a just low-carbon transition in Africa. The two institutions launched the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) on 15 November on the side-lines of COP27 in Sharm El-Sheikh, Egypt. The toolbox… Read More

The African Development Bank Group has appointed renowned Professor Padmashree Gehl Sampath as a special advisor on pharmaceuticals and health infrastructure to the Bank’s president, Dr. Akinwumi Adesina. She will also be leading the technical work related to the setting up of the African Pharmaceutical Technology Foundation, a new pan-African institution launched by the Bank, at the request of Regional Member… Read More

The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost of nearly $37 million. In… Read More