Category: Business

The African Union (AU) welcomed the Netherlands’ contribution of EUR 110 million in support of the Africa Adaptation Acceleration Program (AAAP) ahead of the COP27 Leaders’ Event on Accelerating Adaptation in Africa. The Prime Minister of Netherlands Mark Rutte announced the financial commitment during a high-level meeting with Senegal’s President Macky Sall who is also the Chairperson of the African… Read More

What:     2022 Youth Adaptation Solutions (YouthADAPT) Challenge Awards Ceremony Who:      African Development Bank and the Global Center on Adaptation When:    10 November 2022, 10:30-12:30 GMT+2 Where:   Africa Pavilion at COP27 (Sharm El-Sheikh, Egypt). Watch on Livestream The Youth Adaptation Solutions (YouthADAPT) Challenge, launched on 6 September 2021, is an annual competition that invites young entrepreneurs and micro, small, and medium… Read More

The United Kingdom has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change.  Speaking alongside African leaders at COP27 in the Egyptian city of Sharm El Sheikh, British Foreign Secretary James Cleverly confirmed the UK will provide £200 million to the African Development Bank Group’s Climate Action Window, a… Read More

What:     COP27 Leaders’ Event: Accelerating Adaptation in Africa Who:      African Development Bank, the African Union, and Global Center on Adaptation When:    8 November 2022, 11:00 EGY (GMT+2) Where:   Meeting Room MR20, Sharm El-Sheikh, Egypt Event description: The COP27 Leaders’ Event: Accelerating Adaptation in Africa aims to support the international community to make Sharm El-Sheikh a keystone moment to deliver… Read More

This year’s just concluded Africa Investment Forum Market Days—the continent’s premier investment platform—has drawn $31 billion in investment interest from African and global investors. Combined with $32.8 billion from the rescheduled 2021 Africa Investment Forum Market days—which took place as virtual boardrooms in March this year—the forum has mobilized a total of $63.8 billion of investment interest this year. The… Read More

The African continent has enormous potential and remains an attractive destination for investors, despite complex national contexts and geopolitical changes, say experts attending the Africa Investment Forum 2022 Market Days. Africa is facing external shocks that negatively impact its growth and socioeconomic development. The Covid-19 pandemic has compromised the sustained growth that the continent has enjoyed for the last 25… Read More

KEIZAI DOYUKAI, or the Japan Association of Corporate Executives today signed a statement of intent with the African Development Bank Group to foster closer collaboration and to strengthen business ties between Japan and Africa. The signing took place on the sidelines of the Africa Investment Forum Market Days 2022, taking place in Abidjan, Côte d’Ivoire. The DOYUKAI, a private, nonprofit,… Read More

Africa should satisfy its own natural gas needs first before considering exports in the wake of the growing interest among European countries, which is linked to the Russian-Ukraine war, experts have cautioned.   These were the viewpoints at the end of the parallel session of the Africa Investment Forum 2022 Market Days held in Abidjan, Côte d’Ivoire, from 2 to… Read More