Tag: Africa Banking

The African Development Bank and other multilateral development institutions have released a set of principles to ensure climate financing aligns with the goals of the Paris Agreement. The MDBs are collaborating to help accelerate the successful transition to a low-carbon and climate-resilient future by supporting appropriate long-term development pathways in line with the goals of the Paris Agreement. In addition to… Read More

Africa’s first woman in space, 30-year-old Sara Sabry from Egypt, says space exploration should not be an exclusive club. The founder of the Deep Space Initiative was the centre of attraction on Tuesday 4 July during a panel discussion at the Africa50 Infra Forum and General Shareholders Meeting held in Togo’s capital Lomé. Investors and policymakers listened keenly, often erupting… Read More

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has showcased hydropower as a key element of meeting the accelerating demand for renewable energy at the Africa Energy Forum held in the Kenyan capital. The Africa Energy Forum took place in Nairobi from 20-23 June, organised by Energy Net with support from the Government of Kenya, the African Development Bank, IFC… Read More

Portuguese Foreign Affairs Minister João Gomes Cravinho has affirmed his country’s continuing support for the African Development Bank during a meeting at the Bank’s headquarters in Abidjan. Portugal has been a non-regional member of the Bank since 1983. Cravinho met with African Development Bank Group Senior Vice President Swazi Tshabalala and members of the finance, and resource mobilisation departments on… Read More

The 2023 World Circular Economy in Helsinki, Finland, organized by the Finnish Innovation Fund Sitra, brought together 2000 participants from 156 countries including business and government leaders, policymakers and experts from around the world. Participants presented the world’s best circular economy solutions. The circular economy is a model of production and consumption involving sharing, leasing, reusing, repairing, refurbishing and recycling… Read More

The African Development Bank Group has appointed Josiah Maximilian Bankole Jarrett as Director of Strategy and Delivery in the Office of the President, effective 16 July 2023. Jarrett, a British national, has over 33 years of experience in African economic and political affairs, multilateral government relations, and strategic communications. Since 2001, he has worked in international organizations in various executive… Read More

The African Development Bank has awarded Benin a total loan of €164.25 to improve urban service delivery and build resilience to flooding caused by climate change. The loan for the implementation of the Secondary Cities Stormwater Drainage Project (PAPVS), was approved by the Bank’s Board of Directors on Wednesday, 5 July 2023, in Abidjan. It comprises € 118.75 million from… Read More

Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund – a move described as an unprecedented milestone for Africa. The fund is the first private vehicle infrastructure platform launched by Africa50. The collaboration brings together a diverse group of influential stakeholders from Africa and outside the region. It comprises 17 African… Read More

The African Development Bank has restated its support for the Libyan Government’s agenda to boost food security and build resilience in the North African country. Malinne Blomberg, the Bank’s Deputy Director General for Northern Africa, gave the assurance during a coordination meeting on the Food Security Agenda in Libya. “Food security is a prerequisite for economic development, social stability, and the overall… Read More

The African Development Bank and KfW, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), today announced the replenishment of the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, which aims to boost regional infrastructure in Africa. The German Government will provide €10 million to replenish the Special Fund. The agreement was signed in Berlin… Read More