Tag: Africa Banking

The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The S&P Global Ratings assigned an AA-rating to the debut transaction, the highest rating for hybrid capital. The proposed issuance would be the first ever by a multilateral development bank. Hybrid capital will have a… Read More

Zambia’s success in restructuring its $6.3 billion bilateral debt under the G20 Common Framework continues to draw support from regional and global institutions. These institutions seek to ensure that the country sticks to the agreed debt arrangement, tackles debt owed to private commercial creditors—including Eurobond holders—and implements reforms critical to its economic recovery and growth.  The African Development Bank Group… Read More

North Africa Economic Outlook 2023: with economic growth set to reach 4.6 percent in 2023, North Africa should make green growth an urgent regional priority, according to the African Development Bank | African Development Bank Group – Making a Difference <!– African Development Bank Group Read More

What: Launch of West Africa Regional Economic Outlook 2023 Who:  African Development Bank Group When:  Thursday, 27 July 2023; 14:00 (GMT) Where: Via Zoom, click here to join      The African Development Bank Group will launch the 2023 West Africa Regional Economic Outlook Report on Thursday, 27 July 2023, at 14:00 GMT The bank launched the main African Economic Outlook… Read More

The African Development Bank and the government of Cabo Verde have signed a €14 million loan agreement to enhance the Cabo Verde Technology Park by making it more climate resilient and supportive of enterprise development.  The agreement was signed on 19 July in Praia, Cabo Verde. The African Development Bank earlier had provided a loan of €31.59 million to finance… Read More

What?          Launch of the report on the Regional Economic Outlook 2023 for Central Africa by the African Development Bank Who?           African Development Bank Group When?         Monday 31 July 2023, 14:30 to 16:30 (Central Africa standard time, GMT+1). Where?        Online The African Development Bank Group’s Central Africa Regional Office will launch the Central Africa Economic Outlook report for 2023 on Monday… Read More

What:      11th G-CoP Policy Dialogue Who:       The African Development Bank Group and institutional partners When:     31 July 2023; 13:00-16:00 GMT (Western Hemisphere); 1 August 2023; 08:30-11:30 GMT (Eastern Hemisphere) Where:    Virtual Click here to register. The African Development Institute of the African Development Bank Group, in collaboration with the United Nations Framework Convention for… Read More

The African Development Bank (AfDB), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has successfully priced an inaugural GBP 300 million (no-grow) 2-year Global Benchmark transaction, in a Social Bond format, due August 2025 at UKT 0.625% Jun-25 + 65bps. The Bank took advantage of a clear issuance window ahead of the quieter summer period, despite the heightened volatility, to announce… Read More

The Southern Africa region has seen a slowdown in economic growth over the past year as its largest economy, South Africa, confronts multiple challenges. Civil unrest, electricity crisis and natural disasters have contributed to dampen prospects for the region, which is lagging behind the others in Africa, according to the African Development Bank’s new economic report. The 2023 Southern Africa… Read More

WHAT:     Launch of the East Africa Economic Outlook 2023 WHO:      African Development Bank, East Africa Regional Office WHEN:    27 July 2023, 14:00 EAT (11:00 GMT) WHERE:  Virtual The African Development Bank Group will launch the East Africa Economic Outlook 2023 on Thursday, 27 July 2023. This follows the launch of the main African Economic Outlook report… Read More