31-May-2024 - It is essential to find innovative solutions for managing the debt of African countries, taking proactive measures to secure development financing for Africa, according to members of the panel speaking in Nairobi on Tuesday at a side event during the African Development Bank Group’s Annual Meetings, which are taking place in the Kenyan capital from 27 to 31 May.
31-May-2024 - The Africa Investment Forum has launched a series of investment roundtables to overcome Africa's project bankability challenges and, ultimately, bridge its infrastructure investment gap. The Roundtables will showcase key players currently focused on project development and bankability in Africa.
31-May-2024 - The African Development Bank Group has released its Annual Report for 2023, painting a picture of improved financial performance and robust support to its member countries across Africa.
The critical financial support has resulted in increased resilience and recovery despite the challenging effects of regional conflicts, economic shocks, climate change, and the after-effects of the COVID-19 pandemic.
31-May-2024 - A Kampala-based commercial bank with a “mission critical focus” to provide financial services to vulnerable women entrepreneurs has been named the “AFAWA Bank of the Year” at the African Banker Awards.
31-May-2024 - Representatives from the Kingdom of the Netherlands and the African Development Bank Group this week discussed further details of the Dutch government’s recent $27 million financial commitment to the Africa Disaster Risk Financing Program Multi-Donor Trust Fund.
With this commitment, signed earlier this month, the Netherlands becomes the sixth contributor to the Fund, operated by the Bank Group to boost Africa’s resilience and responsiveness to climate shocks.
31-May-2024 - The African Development Bank Group Vice President for Agriculture, Human and Social Development joined finance ministers and representatives from Comoros, Djibouti, Somalia and South Sudan for the signing agreement for a $35 million project to build resilience and responses to climate shocks. The signings took place on the sidelines of the Bank’s 2024 Annual Meetings in Nairobi.
30-May-2024 - WHAT: Side Event on Engaging Civil Society in shaping Africa’s transformation and the Reforms of the Global Financial Architecture at the African Development Bank Group’s 2024 Annual Meetings
WHO: The African Development Bank’s Civil Society and Community Engagement Division
WHEN: 31 May 2024; 9:00 a.m. - 10:30 a.m. East Africa Time (GMT+3)
30-May-2024 - What: Japan-Africa Business Forum 2024 (Pre-TICAD 9 event), “Exploring Investment Risks in Africa: Unveiling the True Potential and Challenges.”
Who: African Development Bank, Japan Association of Corporate Executives (Keizai Doyukai)
When: Tuesday 18 June 2024, 5.30 – 08.30 GMT (Côte d’Ivoire), 6.30-09.30 GMT+1 (Tunisia, Nigeria), 7.30 - 10.30 GMT+2 (South Africa), 14.30 - 17.30 GMT+9 (Japan)
Where: Tokyo Kaikan and Online (Hybrid)
30-May-2024 - I am thrilled to announce that effective from May 31st, 2024, the African Development Bank Group's updated Integrated Safeguards System (ISS), approved by the Board of Directors on 12th April 2023, will come into full effect!
30-May-2024 - Africa is known for its generally youthful population. But is the continent truly harnessing this demographic dividend to its advantage?
This question was at the heart of a forum hosted by the Kenyan government on May 27 on the sidelines of the African Development Bank Group’s 2024 Annual Meetings in Nairobi. The panel discussion, titled “Harnessing Human Capital for Sustainable Growth and Development in Africa: Demographic Dividend and Circular Movement of Skilled Labour,” rallied experts to deliberate on the issue.
30-May-2024 - Dr. Akinwumi Adesina, the president of the African Development Bank Group, today unveiled an ambitious five-point programme to attract much-needed private sector investment to accelerate Africa’s economic transformation and meet the challenges of a host of interlocking global crises.
30-May-2024 - With $200 billion invested in development projects across the continent since its establishment in 1964, the African Development Bank Group is leading the charge in transforming Africa’s development landscape, as a solutions bank.
At the institution’s 2024 Annual Meetings in Nairobi, six African Presidents joined the Group’s President Dr. Akinwumi Adesina’s call for action to reform the global financial architecture to unlock more resources to scale up Africa’s economic transformation.
30-May-2024 - The latest edition of the Annual Development Effectiveness Review (ADER), released on Thursday, highlights the African Development Bank Group’s critical contributions to the continent’s development priorities in 2023.
30-May-2024 - African economies remain resilient, despite challenges that are testing economies worldwide. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent are projected to experience stronger growth rates in 2024 than they did in 2023.
29-May-2024 - What: African Development Bank Annual meetings side event: Transforming African economies through Circular Solutions
Who: The African Development Bank, Government of Finland, the Nordic Development Fund, Trade and Development Bank and UNEP Africa
When: Friday, May 31 – 09 :00 to 10:30 EAT
29-May-2024 - African financiers have outlined how the recent pandemic, COVID-19, and the challenges of the climate crisis have provided opportunities to transform the continent.
Speaking at an event organised by Moody’s, the influential world credit rating agency, on the sidelines of the Africa Development Bank Annual Meetings in Nairobi they concluded that Africa has great potential to build resilient and successful economies despite the climate crisis which has already led to extreme weather conditions across the continent.
29-May-2024 - African Development Bank Group Vice President Marie-Laure Akin-Olugbade has commended the Horn of Africa Initiative for reaching $10 billion in total commitments in its nearly five years of existence.
29-May-2024 - The African Development Bank Group’s Annual Meetings 2024 began in Nairobi, Kenya on Monday, with a panel discussion about how to mobilizing funding to develop the private sector in Africa. Organized jointly by the Bank Group and the Alliance of African Multilateral Financial Institutions (AAMFI), the session ran parallel to the meetings and allowed participants to emphasize the vital role of African multilateral financial institutions, such as the African Development Bank, in resolving funding problems, mainly for the private sector, to...
29-May-2024 - The African Development Bank Group unveiled its new Ten-Year Strategy 2024–2033 today, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity.
29-May-2024 - “The first thing that women need to do is to change their opinions of themselves – that is how they can excel, project themselves and develop their businesses, going beyond survival and the basic needs of their family,” said Irene Karuga, founder of Lemik Leasing Limited, a company in Kenya specialising in leasing.
Ms Karuga was speaking on Tuesday 28 May 2024 in Nairobi at a panel discussion on women entrepreneurship organised on the sidelines of the Annual Meetings of the African Development Bank Group (AfDB Group), being held in the...