Tag: African Development Bank

In order to boost the professional capacities, incomes and access to finance of thousands of Ivorian women smallholder farmers in the staple food sector, IFC and the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative announced today a new partnership program. The three-year advisory project – in consultation with Côte d’Ivoire’s government and financial institutions –… Read More

The Board of Directors of the African Development Bank have approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program. The funding is part of the Bank’s budget support to the Egyptian government to strengthen its electricity infrastructure, which is expected to bolster the private sector and accelerate recovery from the Covid-19… Read More

The webinar, titled Sustainable and Responsible Finance: Lending and investing with care for environmental and social impacts, will bring together expert panelists to discuss the importance of sustainable and responsible finance in Africa. Panelists will share their perspectives on: How financial institutions can develop a holistic environmental and social framework that has a positive impact, aligned with the best practices… Read More

The African Development Bank Group is pleased to announce the appointment of Mr. Jacques DJOFACK as Director, Financial Management, effective 1st June 2021. Jacques, a French national, brings to this role almost 20 years of international experience and expertise in Financial Risk Management from both Development Banks and Commercial Banks in Africa and Europe. Prior to his appointment, Jacques served… Read More

The African Development Bank Group is pleased to announce the appointment of Dr. Beth Dunford as Vice President, Agriculture, Human and Social Development, effective 1st July 2021. Dr. Dunford, a national of the United States of America, brings extensive experience to this role. She has held senior level leadership positions in the US government where she managed large and complex… Read More

What:     Launch of the Strategy for Economic Governance in Africa 2021-2025 Who:      The African Development Bank When:     Friday, 2 July 2021, 10:30-11:30 GMT Where:    Virtual On Friday, 2 July 2021, the African Development Bank will launch a comprehensive five-year Strategy for Economic Governance in Africa (SEGA). The strategy will serve as the Bank’s operating manual for fostering public… Read More

The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. The Covid-19 pandemic has caused a severe global economic and health crisis.… Read More

SAVE THE DATE   2021 Annual Meetings of the African Development Bank Group Building Resilient Economies in Post Covid-19 Africa 23-25 June 2021 Virtual event ———————————————– Public sessions Wednesday 23 June Formal Opening Ceremony High Level Knowledge Event: “From Debt Resolution to Growth: The Road Ahead for Africa”   Thursday 24 June Knowledge Event 1: “Climate Change and Green Growth”… Read More

Limited investments in water and sanitation infrastructure across Zimbabwe’s urban centers in recent times have largely contributed to poor service provision, which has left citizens scrambling for the precious liquid. Bulawayo, the country’s second-largest city, was not spared. Frequent droughts in nearby regions worsened the water woes.  “The situation worsened in 2018, where we would go for three weeks without… Read More

The Board of Directors of the African Development Bank has approved a $430,000 grant to Guinea to fight the spread of the Ebola hemorrhagic fever epidemic throughout the country. Since mid-February 2021, Guinea has been facing a resurgent Ebola-related epidemic, following the major crisis of 2014. This new epidemic comes against the backdrop of the Covid-19 pandemic, which poses both… Read More