Tag: African Development Bank

The United States government has announced it will provide a $5 million grant to the African Development Bank to support efforts to abate methane gas emission, across Africa. Methane accounts for about half of the net rise in global average temperature since the pre-industrial era. The grant, subject to the completion of US domestic procedures and approvals, will go to… Read More

What:      The Africa Green Hydrogen Forum Who:       The Green Hydrogen Organization (GH2) in collaboration with the African Development Bank When:     26 and 27 September 2022 Where:    Sofitel Hotel Ivoire, Abidjan, and virtual via Zoom – By invitation only The Africa Green Hydrogen Forum will discuss the role of green hydrogen development in Africa’s decarbonization agenda, its market potential, export… Read More

The African Development Bank has appointed Caroline Kende-Robb as Director, Strategy and Operational Policies Department, effective 16th October 2022. Kende-Robb, a British national, brings over 30 years of leadership and management experience in development and humanitarian sectors, coupled with deep knowledge and practical experience in achieving organizational effectiveness and results through strategic planning, effective financial management and nurturing high performing… Read More

The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, will travel to Mauritania on 12 September 2022 for a three-day visit. During the visit, Adesina will meet with the Mauritanian President, Mohamed Ould Cheikh El-Ghazouani, and other members of the government, including Ousmane Mamoudou Kane, Minister of Economic Affairs and Promotion of Productive Sectors, the Bank’s Governor… Read More

Launched in 2016, the Young Rural Enterprises Project in the Central West of Madagascar has helped improve agricultural yields. Yields of rice and maize doubled, according to a project progress report released by the African Development Bank on 30 August 2022. The African Development Fund, the Bank Group’s concessional window, provided the project with $23.42 million in financing, which was… Read More

The African Development Bank and the UN Capital Development Fund (UNCDF) featured two innovative mechanisms for scaling up adaptation action and finance during a joint event held on 1 September 2022 on the side lines of the Africa Climate Week in Libreville, Gabon. The moderator, Gareth Phillips, African Development Bank Manager for Climate and Environment Finance, noted that the current… Read More

Over a one-week period, from 31 July to 7 August 2022, eleven towns in the Democratic Republic of Congo’s (DRC) Kasai Oriental province took ownership of drinking water supply facilities. The handover was made as part of the achievements of Phase 1 of the Socio-Economic Infrastructure Strengthening Project (PRISE), which received $140 million in financing from the African Development Bank’s… Read More

The Government of the Arab Republic of Egypt and the African Development Bank Group on Monday signed a memorandum of understanding on the hosting of the Bank Group’s 2023 Annual Meetings in May next year. The meetings, which comprise the 58th annual assembly of the African Development Bank and the 49th meeting of the African Development Fund—the African Development Bank… Read More

The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors. They officially joined the Board on 1 August 2022, and began a four-day induction programme on 1 September 2022 to familiarize themselves… Read More

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions, says African Development Bank Group Acting Chief Economist and Vice President Kevin Urama. Speaking at a panel discussion—titled “African Countries Ownership in Determining… Read More