Africa Investments 

African Development Bank and partners discuss Africa’s potential to leverage green minerals for the energy transition

A recent webinar hosted by the African Development Bank brought together experts to examine how Africa can become a hub for manufacturing lithium-ion batteries to store energy and electrify the transport fleet. The webinar, which was held on 11th July 2022 under the theme, Leveraging Africa’s green minerals for the energy transition: The role of regional integration and the AfCFTA,… Read More
Africa Investments 

Côte d’Ivoire: 260 Localities Already Connected to Electricity Through African Development Bank Project

Launched in Côte d’Ivoire in 2019, the Project to Improve Access to Electricity in Rural Areas has already connected 260 localities to the national electric grid. At the conclusion of the works, which is scheduled for the end of 2023, a total of 460 localities will have access to electricity, according to the African Development Bank’s implementation and results report, published on… Read More
Africa Investments 

‘Sobering’ African Economic Outlook strikes a chord with US and UK stakeholders

The African Development Bank’s African Economic Outlook report 2022 (AEO) struck a chord with policymakers and other stakeholders during recent seminars in the United States and the United Kingdom. An African Development Bank Group delegation, led by Acting Chief Economist and Vice President Kevin Urama, was in Washington D.C. 20-29 July, and London 1-2 August, to discuss the AEO, a… Read More
Africa Investments 

TICAD8 Official Side Event: Accelerating Clean Energy Access with Climate Finance

Date: Monday, 22 August 2022 Time: 19:00-20:30 (Japan) /10:00-11:30 GMT (Côte d’Ivoire) /11:00-12:30 (Tunisia) Venue : Online (Zoom) Organizers: African Development Bank, International Finance Corporation Supporting organizations: Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETRO)   Languages : Japanese, English and French (simultaneous interpretation to be provided) On 22 August 2022, the African Development Bank and the International Finance Corporation will host an… Read More
Africa Investments 

African Development Bank appoints Dr. Alex Mubiru as Director General, Cabinet Office

The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national, brings close to 25 years of experience to the position, with a proven track record in the various positions he has held at the African Development Bank, and… Read More
Africa Investments 

Madjara Coulibaly: Finding her place in society after war

Forty km north of Abidjan, Azaguié is a seemingly quiet town. But here, like everywhere else in Côte d’Ivoire, no one has forgotten the civil war that tore the country apart in 2011, causing more than 3,000 deaths and thousands of displaced people. After the conflict, which tore apart communities in Côte d’Ivoire that had previously lived in harmony, community… Read More
Africa Investments 

Business as usual is not enough to mitigate and adapt climate change risks for Africa over the next decade – Africa Adaptation Acceleration Program

Parts of Africa are heating up twice as fast as the rest of the world, requiring urgent action to tackle a challenge that has mounted over the last decade, participants at an Africa Adaptation Acceleration Program webinar heard.  The Africa Adaptation Acceleration Program is a joint initiative of the African Development Bank and the Global Center on Adaptation.  The webinar,… Read More
Africa Investments 

Residents of Benin’s Ouémé Valley increase their incomes, thanks to an African Development Fund project

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group’s concessional arm, the African Development Fund.… Read More
Africa Investments 

When a road boosts quality of life and the economy

A road can change everything: the landscape it crosses, of course, but also the economic life of an entire region and the daily lives of the surrounding populations. For Hamuza Nakwala, a small trader in northern Mozambique, it was a road in the Nacala corridor that changed his life. You can recognize Hamuza from afar, by his skullcap and his… Read More
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