Category: Business

The Board of Directors of the African Development Bank Group has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing access to clean electricity and ensuring… Read More

The New Partnership for Africa’s Development-Infrastructure Project Preparation Facility (NEPAD-IPPF) holds its 35th oversight committee meeting today 22 September 2022. NEPAD-IPPF is a multi-donor special fund, hosted by the African Development Bank. Its mandate is to spur sustainable infrastructure development on the African continent through the preparation of bankable, investment-ready projects. It does this by providing grants and expertise to… Read More

With barely two months to go before the UN Climate Change Conference (COP27) in Egypt, Africa and other developing parts of the world that bear the severest brunt of climate change are warning against turning it into a mere talking shop of promises. African Development Bank Group President Dr. Akinwumi Adesina and speakers at the 2nd ministerial meeting on climate… Read More

The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The listing, on 15 September 2022, follows the Fund’s primary US dollar listing on the Mauritius Stock Exchange in 2018. The Pula-denominated listing will offer investors an innovative tool to gain exposure to African local currency fixed… Read More

On the sidelines of the 2022 edition of Africa Climate Week, a session titled Limiting Loss and Damage through Enhanced Adaptation Action in Africa featured vibrant and timely discussion of an aspect of climate change that typically receives little attention: capturing and assessing the costs and damages associated with climate change.    The African Development Bank and Germany’s Konrad Adenauer… Read More

The government of Mali and the African Development Bank have agreed to accelerate ongoing country projects that aim to reduce poverty, following a high-level Bank Group mission, which ended on 16 September 2022. A delegation of Bank staff and the Malian government met over one week to jointly review the performance of the entire active country portfolio of projects and… Read More

Finance directors from roughly 40 African cities and local authorities have arrived in Abidjan, the commercial capital of Cote d’Ivoire for an intensive training in tapping capital markets to finance urban infrastructure development. The African Development Bank and United Cities and Local Governments (UCLG) organized the training which takes place from the 19th to the 24th of September 2022.  UCLG… Read More

African Development Bank Group head Dr. Akinwumi Adesina will join other world leaders for the 77th session of the UN General Assembly in New York City to discuss global issues such as the impact of climate change, Russia’s war in Ukraine and recovery from the Covid-19 pandemic. This is the first time in two years for the UN General Assembly… Read More