Tag: African Development Bank

The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. African Development Bank Group President, Dr. Akinwumi Adesina said: “This is a great development for Africa. Africa must have… Read More

The world must do more to tackle the increasing global food insecurity worsened by Russia’s war in Ukraine, the African Development Bank Group President Dr. Akinwumi Adesina told a G7 ministerial conference on Friday. Governments, multilateral Development Banks, international and regional organizations, non-governmental organizations, civil societies, and philanthropists demanded, among others, the release of millions of metric tons of food… Read More

African ministers on Friday outlined the impact that the global food crisis is having on their countries and added their voices to calls for action. The ministers made the call to action at a ministerial conference in Berlin, convened by the German government, as current head of the G7 group. The conference highlighted the impact of soaring food prices, brought… Read More

When the African Development Bank launched a project to enhance institutional and human capacity in Sudan’s education sector, Ahmed Mutiagin was a student with ambitions of getting into academia. That goal has been realised; Mutiagin, 38, is now a proud holder of a PhD in Education, Leadership and Policy from the Bahir Dar University in Ethiopia, and is teaching at… Read More

The first day of the Aswan Forum for Sustainable Peace and Development, which took place from 21 to 23 June 2022 in Cairo, Egypt, concluded with a plenary session on regional security. The goal of the session was to discuss the African Union’s post-conflict reconstruction efforts with strategic organizations in Africa. All speakers agreed that post-conflict reconstruction efforts in Africa… Read More

On Wednesday, 22 June, the Board of Directors of the African Development Bank approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the Kribi Industrial and Port Area Access Roads Development Project, the funds will complement the… Read More

The African Development Bank, Africa50, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa. The three entities will work together to galvanize financing and to drive the development of skills and expertise within the infrastructure sector. The signing took place on 20 June 2022 in… Read More

The World Circular Economy Forum will, for the first time, take place on African soil in 2022, bringing together participants from around the world to absorb lessons from the continent and the wider global south toward building a more resilient and greener global economy. The Forum will be held from December 6-8, in Kigali, Rwanda. The 2022 World Circular Economy… Read More

The third Aswan Forum for Sustainable Peace and Development ended on Wednesday, with calls to tackle the multiple crises, new and old, facing the African continent. Egyptian President Abdelfattah El-Sisi launched the proceedings on Tuesday, with a call for a united response to the continent’s ills. He reminded the audience of ministers, development representatives, civil society groups, and others, that… Read More

The Board of Directors of the African Development Bank Group today  approved a $30 million loan to Norsad Capital Limited, a Botswana-based impact investor, to finance agro-processing, healthcare, financial services, manufacturing, information & communication technology and education enterprises.  Through the funding, the Bank seeks to catalyze increased access to longer-term financing for businesses and to promote private sector development in… Read More