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The Africa Fertilizer Financing Mechanism receives $7.3 million to boost agricultural productivity and smallholder farmers’ income
18-Apr-2024 - Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa.
African Development Bank, GIABA combat money laundering and terrorism financing in Africa through new project
18-Apr-2024 - The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries. The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States in Transition,’’ will be backed by a $5 million grant from the African Development Bank Group.
The AfDB’s Business Opportunities Seminar, 28th —29th May 2024
17-Apr-2024 - What : In-person Business Opportunities Seminar on the sidelines of the Annual Meetings Who : African Development Bank Group When :African Development Bank President Adesina to speak on Rising Global Middle Class on sidelines of World Bank Spring meetings
17-Apr-2024 - What: Panel Session on the Rising Global Middle Class Session at the 2024 World Economy Summit Who: Akinwumi Adesina, President, African Development Bank; Xavier Becerra, U.S. Secretary of Health and Human Services; Raj Shah, President, Rockefeller Foundation; Andrew Steer, President & CEO, Bezos Earth Fund; Ani Dasgupta, President & CEO at World Resources Institute and others When: April 18, 2024, 9:00 -12:00 ET (13:00-16:00 UTC)
African Development Bank Undertakes mission to Somalia to assess portfolio and implementation of development objectives
17-Apr-2024 - The African Development Bank has concluded a three-day mission to Mogadishu, Somalia in preparation for completion of the country’s Interim Country Strategy Paper (I-CSP) 2022-2024 and annual Country Portfolio performance review. The Bank team participants in the visit, which took place from 26th to 28th March 2024, sought to discuss implementation of the Bank’s strategy for the country, assess the Bank’s portfolio performance, and to draw lessons for the design of the new Country Strategy Paper for 2025-2029.
Annual Meetings 2024: Better allocating international financial resources to speed Africa's transformation
16-Apr-2024 - Back in February 2013 in Tunis, in response to a journalist who had asked her how the African Development Bank Group differed from other institutions, Ellen Johnson-Sirleaf, then President of Liberia, replied, "simply the confidence it inspires. I can say without any hesitation that the Bank has played a decisive role in my country in the aftermath of the conflict.
African Natural Resources Management and Investment Centre issues new report: “Further processing of wood products in Africa will contribute to the continent’s industrialization and integration”
16-Apr-2024 - In March 2024, the African Natural Resources Management and Investment Centre issued a new report, in English-only, “Regional timber-trade flows and trends in Africa”. The report offers guidance on taking full advantage of the timber trade in Africa.
African Development Bank projects improve job opportunities for young people in Cameroon
16-Apr-2024 - The African Development Bank (AfDB) has underscored the success of its program aimed at bolstering job opportunities for young people in Cameroon. At a meeting convened in Yaoundé on April 9, 2024, chaired by Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration, and Business Delivery, stakeholders across various sectors gathered to discuss the Bank’s Program to Support Youth Employability in Cameroon.
Cameroon: African Development Bank bolsters Central Africa presence with inauguration of new regional office in Yaoundé
15-Apr-2024 - In a move that reaffirms its commitment to Central Africa’s development course, the African Development Bank (AfDB) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon.
Propelling Africa’s Circular transformation: the African Development Bank to share insights at the 2024 World Circular Economy Forum
12-Apr-2024 - What: The 2024 World Circular Economy Forum Who: African Circular Economy Facility and African Circular Economy Alliance of the African Development Bank Group When: 15-18 April 2024 Where: The SQUARE Convention Center (African Booth), Belgium, Brussels; Click here to register online
African Development Bank enhances ENABLE Youth Programs for greater impact
12-Apr-2024 - The African Development Bank successfully concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Program in preparation for its next phase. The ENABLE Youth program helps young African men and women access financing to grow their enterprises. Currently active in 15 countries with investments exceeding $490 million, and benefiting around 40,000 youths, the program has emerged as a transformative force in fostering entrepreneurship and tackling youth unemployment.
African Development Bank publishes report on callable capital
12-Apr-2024 - The African Development Bank has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Callable capital refers to the portion of the Bank’s capital that is subscribed by shareholders but not immediately paid. It represents a commitment to make additional capital available to the institution in the very unlikely event that it cannot meet its obligations on its debts or guarantees.
African Development Bank President Adesina to co-chair Clean Cooking in Africa Summit with leaders of Tanzania, Norway and International Energy Agency
11-Apr-2024 - The African Development Bank Group President Dr Akinwumi Adesina will co-chair the upcoming Summit on Clean Cooking in Africa alongside President Samia Suluhu Hassan of Tanzania, Prime Minister Jonas Gahr Støre of Norway and International Energy Agency Executive Director Fatih Birol.
2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain
09-Apr-2024 - The Board of Directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain.
African Development Bank appoints Ousmane Fall as Acting Director for the Industrial and Trade Development Department
09-Apr-2024 - The African Development Bank has appointed Ousmane Fall Acting Director of the Industrial and Trade Development Department. Fall will continue in his current role as Director of Non-Sovereign Operations (NSO) and Private Sector Support Department, where he oversees the Bank’s NSO Portfolio and provides leadership on the Bank’s investments in equity and private equity funds.
Liberia: The African Development Bank and Liberia Electricity Regulatory Commission Launch Regulatory Database Management System
09-Apr-2024 - The African Development Bank and the Liberia Electricity Regulatory Commission (LERC) have jointly launched a cutting-edge Regulatory Information Database Management System (RDBMS) to address regulatory bottlenecks through digitalization.
African Development Bank mission strengthens civil society collaboration in Ghana
09-Apr-2024 - The African Development Bank concluded a successful deep dive mission to Ghana aimed at solidifying its partnership with civil society organizations (CSOs) in West Africa. The mission, spanning 25-28 March 2024, focused on advancing an agreement signed between the Bank and the West Africa Civil Society Institute in December 2023 on an action plan for 2024, outlining collaboration in CSO capacity building, resource mobilization, knowledge management, and advocacy.
Africa Fertilizer Financing Mechanism to launch fertilizer financing for sustainable agriculture management project in Kenya
08-Apr-2024 - What: Launch of the Fertilizer Financing for Sustainable Agriculture Management Project in Kenya Who: The Africa Fertilizer Financing Mechanism When: Tuesday, 9 April 2024; 08:00 - 16:00 EAT Where: African Development Bank Group East Africa Regional Hub, Khushee Tower, Longonot Road, Upper Hill, Nairobi, Kenya
The African Development Bank presents three operational innovations from its EInA-North Africa initiative designed to improve the impact of entrepreneurship support programmes
08-Apr-2024 - The African Development Bank, through its entrepreneurship support initiative for North Africa, EInA (Entrepreneurship, Innovations and Advice), held a regional technical workshop on operational innovations to be adopted by countries in Cairo from 12 - 13 February 2024, to optimise the design of public support programmes for entrepreneurship and micro, small and medium-sized businesses (MSMEs).