Tag: African Development Bank

  L-R: Allan Kasujja, Moderator; Admassu Tadesse, president and CEO, Eastern and Southern African, Trade and Development Bank; Danladi Verheijen, Co-founder and CEO, Verod Capital; Mr. Malick Ndiaye, CEO, Banque Agricole; Dr. Olagunju Ashimolowo, Vice President, Operations, ECOWAS Bank for Investment and Development; Mr. Wagner Albuquerque de Almeida, Global Director for Manufacturing, Agribusiness and Services, International Finance Corporation. Global experts… Read More

African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for the 2023/24 period, the African Development Bank has projected. Prof. Kevin Urama, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the bank, said that with Africa’s abundant natural capital, massive youthful… Read More

After successfully hosting COP27 in November 2022, the Egyptian resort city of Sharm El Sheikh is preparing for the African Development Bank Group’s Annual Meetings in May. A preparatory mission to Cairo and Sharm El Sheikh led by the Bank’s Secretary General Vincent Nmehielle expressed satisfaction with the progress made to date towards the organization of the meetings, to be held from… Read More

Ireland and Austria have joined the African Development Bank’s Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support the Fund’s work. The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience. Harald Waiglein, Director General at Austria’s Federal… Read More

What:    Regional Seminar on the African Development Bank’s Africa Information Highway (AIH) Initiative Who:     The African Development Bank When:   6-10 February 2023 Where:  Addis Ababa, Ethiopia The African Development Bank in collaboration with the United Nations Economic Commission for Africa and the International Monetary Fund, is organizing a seminar for regional member countries on its Africa Information Highway initiative. Established… Read More

Effective economic policies require good-quality data, robust models, and use of modern and adequate statistical software. Such policies could only be taken based on the use of suitable macroeconomic and forecasting models and well-tested analytical hypotheses, Mamady Souare, the African Development Bank’s Country Manager in the Central African Republic said recently during a training workshop. “As we continue to experience… Read More

The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase. African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030. The African Union Development Agency and the Government… Read More

The African Development Bank’s Transition States Coordination Office organized a training workshop in Yaoundé to strengthen the capacity of Regional Member Countries and Regional Economic Communities on the Strategic and Operational Application of the Fragility Lens. The training was led by Bank staff from several departments with support from the Bank’s Central Africa Regional Development and Business Delivery Office. It… Read More

Africa’s push for food sovereignty and resilience depends on investments and partnerships, African Development Bank Group president Akinwumi Adesina said on Thursday at the Dakar 2 Food Summit a food summit in Senegal. Speaking during a panel discussion on Building Multilateral partnership and financing support, Dr Adesina outlined how the bank was using technology to spur agricultural productivity in various… Read More

An African Development Bank-funded project in Sierra Leone is fast building technical and business skills for young people in the country. Approved by the bank’s board four years ago, the Freetown Water, Sanitation, Hygiene and Aquatic Environment Revamping Project has strongly supported training and helped form micro and small enterprises groups for water meter installation. High youth unemployment is a… Read More