Category: Business

Representatives of 11 African cities have begun a visit to two Scandinavian cities to learn about people-centred solutions to urban planning and development under a trip sponsored by the Urban and Municipal Development Fund. The Fund is hosted by the African Development Bank. The 4-day trip to Copenhagen and Malmö, Sweden includes officials from Marrakech, Morocco;  Bizerte and Tunis in… Read More

African leaders and governments in Europe, Asia and the Americas on Tuesday vowed to act “with urgency, at scale and in concert” in responding to the current food insecurity and nutrition crisis unfolding around the world. The leaders, representing the African Union, European Union, United States, Spain, Colombia, Germany, Indonesia, and Nigeria, issued a joint declaration at the Global Food… Read More

By Eric Martin, September 22, 2022 Original story :https://www.bloomberg.com/news/articles/2022-09-22/japan-uk-keen-to-channel-imf-support-through-top-african-lender Japan, France and the UK are among five wealthy nations that have shown interest in channeling their rights to International Monetary Fund reserve assets to Africa’s top development lender, which would boost the bank’s ability to support poorer countries. “We’re getting positive signals about their willingness to consider giving it to us,” African… Read More

Nigeria’s President Muhammadu Buhari and African Development Bank Group President Akinwumi Adesina urged on Thursday global businesses and leaders to boldly invest in Nigeria. The two leaders and several others from the private, public, investment, and donor community, spoke at this year’s Nigeria International Economic Partnership Forum in New York, the two leaders reassured participants that despite challenges, the country… Read More

By Eric Martin and Antony Sguazzin, Bloomberg, September 23, 2022 Original story : https://www.bloomberg.com/news/articles/2022-09-23/afdb-offers-south-africa-a-financing-deal-to-raise-41-billion The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds. The AfDB has recommended that South Africa Park the funds in… Read More

What:        Business Opportunities Seminar, Fall 2022 Edition Who:         African Development Bank’s Resource Mobilization and Partnerships Department When:       Wednesday, 12 October 2022; 08:00-10:30 GMT (Asia)                   Thursday, 13 October 2022; 13:00 to 15:30 GMT (Africa, Americas and Europe) Where:      videoconference (via Zoom) The Resource Mobilization and Partnerships Department of the African Development Bank will hold the 2nd edition of… Read More

The Board of Directors of the African Development Bank Group has approved a €28.88 million loan for improvements to the road and transport network linking six Senegalese municipalities.  The loan was approved on 20 September 2022. The financing will be sourced from savings from the Senegal Cities Modernisation Programme. The funds will support the construction of 28 kilometers of urban… Read More

WHAT:       Connecting Africa conference WHO:        African Development Bank, TRANSNET WHEN:      Friday, 23 December 2022; 09:00– 17:00 ( CAT)/ 07:00-15:00 GMT WHERE:   Johannesburg, South Africa The African Development Bank and Transnet will jointly hold a one-day conference on 23 December 2022 to highlight the financing gap for African infrastructure projects and explore available financing opportunities. The conference will brainstorm solutions to… Read More

The battle to stop global warming from rising above the catastrophic 1.5 degree Celsius received a boost on Wednesday as the newly launched Global Leadership Council got down to business during the 77th session of the UN General Assembly in New York. The Council is made up of a diverse and growing coalition of global leaders including the President of the… Read More