Press Releases
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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 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 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.
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 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 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.
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.
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.
Sierra Leone: African Development Bank Executive Directors visit key water project
08-Apr-2024 - A delegation of seven executive directors from the African Development Bank Group has visited a key water revamping project in Sierra Leone designed to transform water management and sanitation in the capital and beyond.
AFAWA Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs' access to finance
08-Apr-2024 - The African Development Bank and the African Guarantee Fund (AGF) have brought the curtain down on the AFAWA Finance Series Togo conference, a key note event aimed at promoting a better understanding of the financing needs of Togolese women entrepreneurs and debunking the myth that women-run companies are risky ventures.
Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank YEI MDTF grant for green jobs in natural resources
05-Apr-2024 - The African Development Bank, through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities.
African Legal Support Facility appoints Akere Muna as Goodwill Ambassador
05-Apr-2024 - The African Legal Support Facility (ALSF) has appointed Akere Muna, an eminent lawyer and international legal consultant, as Goodwill Ambassador, marking a new chapter in its commitment to build sustainable legal capacity on the African continent. Muna was appointed by the Governing Council of the ALSF for a term of three years - a first time in the history of the young institution.
African Development Bank and Central African Republic forge stronger alliance to tackle fragility and drive sustainable development
05-Apr-2024 - The African Development Bank and the Central African Republic (CAR) have reinforced their partnership during an official visit by Marie Laure Akin-Olugbade, Vice President for Regional Development and Business Delivery, from 25-27 March. Akin-Olugbade engaged with key stakeholders and government leaders, including President Faustin-Archange Touadera and Prime Minister Felix Moloua, reaffirming the Bank’s commitment to advancing the Central African Republic’s development agenda. She also met with development partners and beneficiaries of Bank-...
Largest US bank JPMorgan Chase to deepen partnerships with the African Development Bank Group
04-Apr-2024 - African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions.
Canada pays tribute to its solid partnership with the African Development Bank Group, keen to expand its development cooperation
04-Apr-2024 - Canada reaffirmed its partnership with the African Development Bank Group during a meeting between Cheryl Urban, Canada’s Assistant Deputy Minister responsible for International Affairs for Sub-Saharan Africa, and the Bank’s Senior Vice President, Bajabulile Swazi Tshabalala. Urban visited the Bank’s headquarters in Abidjan on Monday, 25 March 2024. The meeting provided an opportunity to discuss strengthening ties between the Bank, the premier development institution in Africa, and Canada, a key shareholder.
Global Architectural Reform to top agenda of the African Development Bank's 2024 Annual Meetings
03-Apr-2024 - As the African Development Bank turns 60 this year, the institution will reflect anew at its upcoming Annual Meetings, on the ongoing economic challenges facing its member countries and the participation of African countries in the global financial system.