Tag: African Development Bank

Antoine Mani Tonye sinks his thumb into the red soil to gauge how deep to plant the next seedling. The Cameroonian cocoa farmer has seen healthy yields and an improvement in his income since he began planting a locally adapted seed variety developed in a laboratory in the capital Yaounde. “In its first year, my nursery has been the best.… Read More

The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia. At a signing ceremony on 29 January in Monrovia, Dr. Orison Amu, the African Development Bank’s Country Manager in Liberia, and Samuel Tweah Jr., Liberia’s Minister of Finance & Development Planning, inked financing agreements for… Read More

“Youth must be prepared for the jobs of the future – not the jobs of the past,” African Development Bank President Akinwumi Adesina said on Thursday at the launch of the Bank’s flagship African Economic Outlook. “Given the fast pace of change, driven by the 4th industrial revolution – from artificial intelligence to robotics, machine learning, quantum computing – Africa… Read More

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report on Thursday. The 2020 African Economic Outlook (AEO) showed that the continent’s economies are growing well, higher than the global average. The report… Read More

African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s more of cram work in our educational system than actually getting us to think… Read More

Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) revealed Thursday. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria,… Read More

The Board of Directors of the African Development Bank  on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of the $22 million from… Read More

Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband’s support, she landed her first job with Moulin Moderne du Mali (Modern Mill of Mali, or ‘M3’), which produces wheat flour and pasta products. « “M3 was a real opportunity for me. What… Read More

The Africa Fertilizer Financing Mechanism’s Governing Council closed its eighth meeting with a call for increased investment to boost agricultural yields and build the industry across the continent. The Council met on 24 January at the Abidjan headquarters of the African Development Bank, which hosted the talks. The meeting was attended by  its 12 institutional members, who reviewed its 2019… Read More

Izerik Moussa Idriss is a plumber in Kélo, a city in southern Chad. Today, when he hops onto his moped, he can go about his work knowing that at the end of the day he won’t have the stress and fatigue of trekking long distances in search of drinking water. “Seven years ago, it was hard for us to get… Read More