Tag: African Development Bank

The Management Board and Governing Council of the African Legal Support Facility (ALSF) have expressed satisfaction with the strong 2021 performance of the ALSF. They also commended the team’s timely and sustained response to the impacts of the Covid-19 pandemic across the Facility’s areas of intervention. The Board and Council also passed resolutions regarding ALSF operations. This was the Facility’s… Read More

Ethiopia has set its sights on becoming a regional breadbasket, the country’s finance minister Semereta Sewasew said on Thursday. Sewasew was speaking on the sidelines of the African Development Bank Group’s Annual Meetings in Accra during a discussion on building climate resilience in the agriculture sector. The topic has gained renewed currency in light of the Russia-Ukraine war, which has… Read More

The African Development Bank hosted a panel of experts drawn from industry, government and the investment community to lay out key actions for Africa to deliver a transformational digital future for its people. A side event to the Bank’s  Annual Meetings in Accra, Ghana, the session featured a discussion on building resilient digital economies in Africa. It addressed the need… Read More

The African Development Bank Group has concluded five days of annual meetings in Accra, Ghana on Friday with a rallying cry from its President Dr Akinwumi Adesina, to be proud of Africa’s progress. He told delegates at a spectacular closing ceremony at the end of the Bank Group’s Annual Meetings that they were all what he called “partners in hope who… Read More

The African Development Bank Group is progressing with financial reforms that have helped it become stronger, more resilient, and better equipped in the wake of the Covid-19 crisis, the institution’s Senior Vice President Bajabulile Swazi Tshabalala said on Thursday. Addressing the Bank Group’s shareholders, Executive Directors, and partner agencies at the organization’s 2022 Annual Meetings in Accra, Tshabalala said the… Read More

Young African entrepreneurs on Wednesday expressed their doubts about the future. But, above all, they shared their hopes for our continent’s development. They came to celebrate Africa Day, held on the side-lines of the African Development Bank Group’s Annual Meetings (23-27 May) in Accra. The young people presented their activities in various sectors (information technology, fashion and textiles, sports management)… Read More

The African Development Bank Group today launched its first Africa Circular Economy Facility during its 2022 Annual Meetings. The circular economy is a model of production and consumption that involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. The Bank Group’s Board of Directors approved the facility on 30 March. As a trust… Read More

The African Development Bank has signed an $830,000 technical assistance grant agreement for Ethiopia. The funds will help mainstream climate risk management, gender and resilience into economic planning and development in the country’s Ziway-Shallah sub-Basin. The signing took place on Thursday 26 May during the African Development Bank Group’s 2022 Annual Meetings, which are taking place in Accra. Semereta Sewasew,… Read More

Q1: At the African Union Summit of Heads of State and Government in Addis Ababa, in February, African leaders called for providing Africa with a larger part of the re-allocated Special Drawing Rights. Do you think Africa can succeed in securing a bigger settlement? Africa must succeed. Countries are expected to access additional Special Drawing Rights (SDRs) through initiatives led… Read More

Governors, the board, management and staff of the African Development Bank Group—meeting in the Ghanaian capital for its annual meetings this week—devoted much of Wednesday to celebrating Africa Day. African nations and institutions mark Africa Day annually on 25 May to celebrate the 1963 founding of the erstwhile Organisation of African Unity—today the African Union. The Bank Group held a… Read More