Tag: African Development Bank

Women and gender-focused policies have a pivotal role in African recovery programs following the Covid-19 pandemic, affirm some of the continent’s top development leaders. In a multimedia series released to coincide with the African Development Bank’s 2021 Annual Meetings, four of the institution’s experts in gender-based finance, human capital and youth, agriculture, social development and industrial trade, share perspectives on… Read More

The African Development Bank, with financing from the Italian Technical Cooperation Fund, has provided a €990,000 grant to help smaller agro-processing enterprises boost production and quality control. The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area. The Confederation of Business Associations of… Read More

Participants in the opening ceremony of the African Development Bank Group’s annual meetings on Wednesday issued forceful calls for action to secure access to Covid-19 vaccines and tackle mounting debt – two challenges that stand in the way of Africa’s recovery from the pandemic. Covid-19 provided a pressing backdrop to the meetings, which were held virtually for the second consecutive… Read More

A June 2021 African Development Bank White Paper, Entrepreneurship and Free Trade: Africa’s Catalysts for a New Era of Economic Prosperity, states that entrepreneurship must be at the heart of efforts to transform Africa’s economic prospects. The paper posits the Covid-19 crisis has triggered shifts that open up prospects for enhancing resilience and economic growth. As African economies begin rebounding… Read More

Following the onset of the Covid-19 pandemic, Africa experienced its worst recession in half a century in 2020. GDP contracted 2.1 percent, in contrast to the 4 percent growth rate that had been projected before the crisis. This year, Africa’s economic growth is forecast to recover to 3.4 percent, and, in the medium term, higher still. However, recovery remains conditional… Read More

What: Webinar on women-led plastic recycling market in Africa Who: African Development Bank and partners When: 29 June 2021; 10:00-11:30 GMT Where: Virtual – Register here. The African Development Bank will host a webinar on 29 June 2021 on the women-led plastic recycling market in Africa.   The session will feature various works and studies on the involvement of women… Read More

African Development Bank Group president Dr Akinwumi A. Adesina has again urged regional leaders to focus on vaccine production and access for the African continent as the Covid-19 epidemic continues to take lives and hurt economies and livelihoods. Adesina addressed leaders of the Economic Community of West African States (ECOWAS) at a special summit held on Saturday, just days before… Read More

More than 4.5 billion active internet users, or 60% of the world’s population, have an online presence, according to Statista, an online market and consumer data firm. Tapping that audience is critical to grow businesses and brands. A recent Fashionomics webinar brought together fashion and textile industry experts to explore ways to leverage digital media platforms to boost African fashion.… Read More

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and South Africa, the most industrialized country on the continent. But… Read More

The Africa Renewable Energy Fund II has achieved its first close at €125 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank. AREF II, a successor to the original Fund, is a 10-year closed-ended renewable energy Private Equity Fund with a $300 million target… Read More