25-May-2024 - The African Development Bank Group’s upcoming Annual Meetings in Nairobi are a golden opportunity to showcase the Bank’s successes as a catalyst for Africa’s transformation.
Over five days the Bank’s management and governors will meet to exchange ideas and forge new relationships with a range of government and private sector partners on the road to creating a more inclusive, sustainable, and resilient Africa.
24-May-2024 - What: Third Meeting of Heads of Regional and Continental Institutions to strengthen collaboration for mobilizing capital for regional investments and deeper integration.
Who: The African Development Bank, the African Union Commission, African Continental Free Trade Area (AFCFTA) Secretariat, regional economic communities (RECs), Afreximbank, Africa50, selected regional development banks, and other partners.
When: Thursday, 30 May 2024; 07.30 - 09.00 EAT (GMT+3)
24-May-2024 - From 23-27 April 2024, the Zimbabwe Country Office (COZW) successfully participated in the 2024 chapter of the Zimbabwe International Trade Fair (ZITF) held in Bulawayo, Zimbabwe’s second largest city. Officially opened by Dr William Ruto, President of Kenya, the ZITF was a priceless opportunity for the Bank to exhibit its products and services and demonstrate its commitment to working closely with Zimbabwe’s private sector.
24-May-2024 - The private sector in Niger, the vast West African Sahelian country that has faced a years-long security crisis, is calling on the African Development Bank Group to invest massively in the country to further boost Africa’s highest-performing economy in 2024.
24-May-2024 - The first in a series of training sessions for African civil society organisations (CSOs) on accessing resources of the Africa Climate Change Fund (ACCF) was held on 17 May 2024. The online session was organised by the African Development Bank (AfDB), which established the fund in 2014. The session was very well attended. More than 1400 CSOs from all over Africa attended, demonstrating the strong commitment of African citizens to climate action.
23-May-2024 - When the African Development Bank was established in 1964, its founders committed to the task of leveraging Africa’s natural and human resources to catalyze development across the continent. Despite skepticism labeling their ambitions as “suicidal,” the founders remain resolute. Through perseverance and determination, African countries forged ahead to establish their own transnational institution for development finance. Now, six decades later, what once seemed an unattainable dream stands as a remarkable reality.
23-May-2024 - The African Development Bank is the driving force behind one of the world's most ambitious energy projects: the Desert to Power initiative aims to bring energy to one of the least developed and most marginal parts of the continent.
This transformative and bold effort aims to turn Africa’s vast, sun-drenched Sahel region – one of the most vulnerable regions in the world - into a powerhouse of solar energy, targeting 11 countries: Burkina Faso, Chad, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal, and Sudan.
23-May-2024 - The Board of Directors of the African Development Bank Group approved a loan of $240 million to Mauritius in Abidjan on 22 May 2024 to implement the second phase of the Economic Competitiveness and Resilience Support Program.
22-May-2024 - What: 2024 Korea-Africa Summit
Who: Delegations from African countries and related international organizations, key figures from Korean and international communities, including heads of state, heads of organizations, and President of the African Development Bank Group
When: 4-5 June 2024
Where: KINTEX (Ilsan) and Seoul, Republic of Korea
22-May-2024 - The African Development Bank Group has developed Environmental and Social Guidance Notes (ISS Guidance Notes) for borrowers and clients, following approval of an Integrated Safeguards System (ISS) by its Board of Directors on 12 April 2023 and subsequent public consultations. These tools offer detailed, technical guidance to help borrowers and clients (public and private) meet ISS requirements throughout the lifecycles of their Bank-supported projects.
22-May-2024 - The Board of Directors of the African Development Bank Group approved the mid-term review of the Country Strategy Paper (CSP) 2022-26 for Rwanda in Abidjan on 21 May 2024. The progress during the first half of the implementation period has been significant.
22-May-2024 - The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a grant of $42.86 million to Ethiopia on 22 May 2024 to fund the implementation of the Agri-MSMEs development for jobs Program.
Aimed at boosting the growth and productivity of youth and women-led MSMEs in Ethiopia, the program focuses on improving access to finance, providing business development services, and strengthening the entrepreneurship enabling environment.
22-May-2024 - The African Development Bank Group’s Board of Directors has approved $8 million to support the rollout of a pioneering pilot mini-grid programme with potential Africa-wide benefits.
The funding, provided by the Bank-managed Sustainable Energy Fund for Africa (SEFA)
22-May-2024 - The African Development Bank has reassured Sudan of its continued support in providing humanitarian and economic assistance, while addressing other priority needs amid the country’s ongoing civil conflict.
Rufus N. Darkortey, the Bank’s Executive Director representing The Gambia, Ghana, Liberia, Sierra Leone, and Sudan, reaffirmed this commitment during discussions with Sudan’s Finance Minister and Governor of the African Development Bank, Dr Gebreil Ibrahim Mohamed Fediel.
22-May-2024 - The African Development Bank Group will highlight the importance of preparation, financing and coordination for water, sanitation and hygiene initiatives across Africa at the 10th World Water Forum in Bali, Indonesia. The Bank and the African Water Facility’s delegations to the world’s largest international gathering of water sector partners will share insights, strategies and stories of sustainable development successes from the continent.
22-May-2024 - The African Development Bank has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria.
The Bank’s Nigeria Country Department, Director General Lamin Barrow disclosed this at the Nasarawa Investment Summit 2024, held from 15 – 16 May in Lafia, the Nasarawa State capital. The event was attended by local and foreign investors, representatives of the private sector, and senior government officials.
21-May-2024 -
What: Virtual Capacity Development Academy (VCDA) Learning Edge Insights webinar: “Digital Catalysts in Africa: Learning Platforms as Engines for Capacity Development and Knowledge Exchange”
Who: The African Development Institute of the African Development Bank Group
When: 23 May 2024 @ 14:00 – 15:30 GMT
Where: Virtual
21-May-2024 - African Leaders for Nutrition (ALN) Coordinator George Ouma demonstrated the organization's unwavering commitment to influencing policy and driving positive nutrition outcomes across the continent during the recent three-day Nutrition Face-to-Face Meeting. The event, organised by the Bill and Melinda Gates Foundation in London, brought together nutrition actors to engage in a priority-setting process aimed at increasing collective impact on nutrition policy and financing and defining the vision for 2030.
21-May-2024 - African heads of state have committed to supporting the full operationalization of the Africa Fertilizer Financing Mechanism, a step that will empower it to invest in yield-boosting technologies and soil health initiatives, finance infrastructure and logistics to enhance fertilizer availability and market access for Africa’s farmers.
20-May-2024 - Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the world’s most promising investment destination, now and well into the future, African Development Bank Group President Dr Akinwumi Adesina said.