Africa Investments 

Let us change the narrative on Africa in the United States” African Development Bank President tells African diplomats in Washington

African Development Bank President Dr Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development Bank office in Washington a matter of importance, and that he would be pursuing approval with the Board of the African Development Bank Group. The Bank chief spoke during a meeting with African ambassadors at the chancery of the Embassy of the…

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Africa Investments 

Africa Investment Forum 2021: Accelerating transformative investments in Africa

What:     2021 Africa Investment Forum Market Days Who:      The African Development Bank and Africa Investment Forum founding partners When:    1-3 December 2021 Where:    Abidjan (hybrid event) The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire from 1-3 December 2021 in a hybrid format. This year there will be boardroom sessions in Abidjan, while other attendees will participate virtually. The theme, Accelerating transformative investments in Africa, reflects the urgent need to attract greater inflows of private capital into business and investment…

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Africa Investments 

Bénin : la note de diagnostic pays de la Banque africaine de développement identifie les piliers d’un nouveau modèle de développement

Au regard des défis à relever et des enjeux de la transformation structurelle pour une croissance inclusive au Bénin, six principaux piliers ont été identifiés comme socle du  nouveau modèle de croissance et de développement du pays, relève la Note de diagnostic‑pays (NDP) de la Banque africaine de développement publié le 27 septembre dernier. La note fixe, en premier, le développement du capital humain pour une productivité accrue. En effet, afin de créer une dynamique, impulsée par une main d’œuvre qualifiée et compétente, le document de la Banque invite le…

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Africa Investments 

Africa Resilience Forum 2021: Facing the ‘hydra-head challenges of Covid-19, conflict and climate’

The fourth edition of the Africa Resilience Forum opened on Tuesday, as the continent’s most vulnerable communities confront the triple challenges posed by the Covid-19 pandemic, conflict and climate change. An estimated 39 million Africans could slip into extreme poverty this year, as a result of the pandemic. At the same time, countries are facing higher fiscal costs, reducing capacity for the critical investments required to deliver on ambitions such as the UN Sustainable Development Goals. The Africa Resilience Forum is a flagship African Development Bank event which brings together…

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Africa Investments 

Bénin : un projet agricole financé par la Banque africaine de développement renforce la résilience des populations dans le nord-est du pays

Le Projet d’appui à la production vivrière et de renforcement de la résilience dans les départements de l’Alibori, du Borgou et des Collines (PAPVIRE-ABC), est en bonne voie. Il a permis une nette amélioration de la productivité agricole et des rendements, selon le rapport d’exécution et de résultats publié le 22 septembre 2021 par la Banque africaine de développement. Mis en œuvre dans le nord-est du Bénin depuis 2015, le projet a reçu un financement de 17,8 millions de dollars américains du Programme mondial pour l’agriculture, l’alimentation et la sécurité…

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Africa Investments 

President Biden’s Special Envoy for Climate, Secretary John Kerry Meets African Development Bank President, Akinwumi Adesina on Climate Financing for…

The Special Envoy for Climate of the US President Joseph Biden, Secretary John Kerry met with the President of the African Development Bank, Akinwumi Adesina, virtually today, ahead of this year’s global climate summit, COP 26.  They discussed Africa’s climate emergency, COP26 preparations and how the United States can help close the annual $27 billion climate finance gap for Africa. Adesina praised President Biden’s bold announcement of the doubling of the US government’s contribution to climate finance to $11.4 billion a year by 2024. The African Development Bank is taking…

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Africa Investments 

Côte d'Ivoire: African Development Bank mission assesses progress of Yamoussoukro agro-industrial project

The African Development Bank Vice President for Agriculture, Human and Social Development, Beth Dunford, led a mission to Cote d’Ivoire’s capital Yamoussoukro, on 16 September to assess progress on a Bank-supported agro-industrial cluster in Bélier. The mission, that included Marie-Laure Akin Olugbade, Director General for West Africa and Bank Directors for Agriculture and Agroindustry as well as for Agricultural Finance and Rural Development, Martin Fregene and Atsuko Toda, respectively, was received by Adjoumani Kobenan, Côte d’Ivoire’s Minister for Agriculture and Rural Development. Also present were Kaba Nialé, who serves as…

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Africa Investments 

UNGA 2021: The world has the resources to end hunger, African Development Bank head tells UN Food Systems Summit

“The world has the resources to end hunger,” African Development Bank president Dr. Akinwumi A. Adesina said in a message on the first day of the United Nations Food Systems Summit. Convened by UN Secretary General António Guterres, the event is billed by its organisers as “a historic opportunity to empower all people to leverage the power of food systems to drive our recovery from the COVID-19 pandemic and get us back on track to achieve all 17 Sustainable Development Goals (SDGs) by 2030.” The summit brings together thousands of…

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Africa Investments 

Uganda launches last-mile connectivity to increase electricity access to rural communities

Representatives of UMEME Ltd hand over electricity connection accessories to the Minister of Energy and Mineral Development, Ruth Nankabirwa. Looking on (right) is the African Development Bank’s Country Manager for Uganda, Augustine Kpehe Ngafuan. With support from the African Development Bank and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection accessories to Uganda’s main power distribution company, UMEME Limited…

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Africa Investments 

New African Development Bank white paper ties entrepreneurship to socioeconomic resilience

The African Development Bank has published a white paper on Entrepreneurship and Free Trade that makes a case for entrepreneurs and innovation as vital drivers of resilience and emergency preparedness across Africa. The white paper, titled Towards a New Narrative of Building Resilience and released in September 2021, places the private sector—particularly technology and knowledge-based entrepreneurs—at the heart of the continent’s security, sustainable development and future growth. It is a follow-up to an earlier volume, Africa’s Catalysts for a New Era of Economic Prosperity, released in June 2021. The launch…

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