Category: Business

The 2022 United Nations Climate Change Conference, COP27, is dubbed ‘African COP’ as the impact of climate change on African countries will be a key theme of discussions. Agriculture and food systems will also be a critical focus of COP27, with Saturday, 12 November, dedicated to both themes, in addition to adaptation. Also high on the climate agenda is the… Read More

Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme initiated by the African Development Bank. According to the President of the African Development Bank, Dr. Akinwumi Adesina “the Special Agro-industrial Processing Zones are new economic zones, located in rural areas, to be fully supported by… Read More

WHAT:     First Continental Policy Conference on the theme “Promoting the Peace, Security, and Development Nexus: The Promise of Regional Integration.” WHO:      The African Union in partnership with the African Development Bank, the United Nations Economic Commission for Africa (UNECA), the United Nations Development Programme (UNDP), the Afrexim Bank and the Africa Capacity Building Foundation WHEN:    25-27 October 2022 The African… Read More

Ahead of the 2022 United Nations Climate Change Conference, COP27, in Egypt in November, the African Development Bank and the Global Center on Adaptation participated in a series of events at the Africa Climate Week to build consensus among African countries and stakeholders.  COP27 is described as Africa’s COP and will significantly shape the future. To deliver on adaptation, a… Read More

The Board of Directors of the African Development Bank Group has greenlighted the award of a $23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth and Women. The project, worth a total of $23.26 million, is financed by the Bank Group (87.9%) and the Government of Burundi, which is contributing $2.81 million,… Read More

The African Development Bank, the government of the United Kingdom and three globally recognized insurance companies have closed on a new and innovative risk sharing transaction known as the Room to Run Sovereign.   The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance by up to… Read More

The Board of Directors of the African Development Bank Group has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system.  The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s Transition Support… Read More

Development lenders in Africa can seize the current global crises as an impetus to help the continent significantly increase food production. This was a common conclusion of panelists at this year’s Finance in Common summit in Abidjan on Wednesday. Participants agreed that development partners should work with governments and other policymakers to bolster the resilience of private businesses, especially those… Read More

In advance of the 2022 United Nations Climate Change Conference (COP27) next month, public development banks meeting in Abidjan agreed on action points to tackle Africa’s climate finance gap. The third Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. The African Development… Read More