Category: Business

On 17 November 2022, the African Development Bank Group Board of Directors approved the  2023-2027 Country Strategy Paper for Ethiopia. The key objective of the Strategy is to support Ethiopia in expanding inclusive and sustainable growth through agro-industrialization, improved connectivity and competitiveness and reduced vulnerability to shocks. The blueprint focuses on two priority areas: i. improving economic and financial governance… Read More

Who:      African Development Bank Group, African Leaders for Nutrition, the African Union Commission, and the Government of Côte d’Ivoire      When:    8th of December  2022 Where:   Abidjan, Côte d’Ivoire The African Development Bank Group’s African Leaders for Nutrition initiative, the African Union Commission, and the government of Côte d’Ivoire will co-organize a high-level meeting on the theme of the African Year… Read More

Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025. The meeting will be attended by representatives from the Fund’s donor countries and the senior management of the African Development Bank Group,… Read More

What:      World Circular Economy Forum 2022 Who:       Sitra, African Circular Economy Network, African Circular Economy Alliance; and the government of  Rwanda        When:      5 December (pre-event media briefing);  6-8 December 2022 (Forum)      Where:     Kigali, Rwanda and online The 6th World Circular Economy Forum, WCEF2022, will take place from 6 to 8 December in Kigali, Rwanda. Under the… Read More

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora to its growth and development. The hybrid event took place against the difficult geopolitical backdrop of high global economic imbalances slowing direct investment into the continent as… Read More

The African Development Bank Group is providing  $301 million to overhaul  the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project will bolster rail services and lower transportation costs in a region… Read More

The Climate Investment Funds (CIF) will extend $350 million in financing and other support for nature-based solutions in nine countries under its Nature, People and Climate Investment platform. The beneficiary countries are: the Dominican Republic, Egypt, Fiji, Kenya, and the Zambezi River Basin Region, comprising Zambia, Malawi, Mozambique, Namibia and Tanzania. They were announced during the global climate summit (COP27)… Read More

The African Development Bank has rolled out the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project in Angola, following a three-day training session in the capital, Luanda. RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects, report on progress and evaluate impact openly and transparently.… Read More

African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization, Economic Diversification, and the AfCFTA in Niamey. “Not so long… Read More