The 2018 Annual Meetings of the African Development Bank Group will be held on May 21-25, 2018 in Busan, Korea. Find out more

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24/05/2018 - Le trophée Babacar Ndiaye pour l’année 2018 a été remis mercredi soir à Busan, en Corée, par le président de la Banque africaine de développement, Akinwumi Adesina, au représentant du chef de l’Etat kenyan Uhuru Kenyatta, distingué pour « son leadership personnel et pour la transformation du réseau routier » de son pays.

Categories: Korea, Kenya, The President


24/05/2018 - On the sidelines of the African Development Bank Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) (link is external) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.

Categories: Partnerships


24/05/2018 - The President of African Development Bank, Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan, Korea.

Categories: Korea, Climate Change, Environment, Partnerships, The President


24/05/2018 - Ministers of Finance, Agriculture and Governors of Central Banks from African countries have called for further innovative financing mechanisms to deal with the impact of climate change, which has led to economic losses from cycles, conflict, insecurity and cross-border political instability in the Sahel region.

African Development Bank President Akinwumi Adesina attended the discussions by the Bank’s Board of Governors, emphasizing the Bank’s involvement in strengthening the technical cooperation between the Bank and the African Risk Capacity (ARC) to respond to climate change in Africa.

Categories: Gambia, Mali, Malawi, Niger, Senegal, Climate Change, Environment


23/05/2018 - The African Legal Support Facility (ALSF) held its 25th Management Board and 9th Governing Council meetings on 20 and 21 May 2018 respectively, on the margins of the 2018 African Development Bank Annual Meetings in Busan, Korea. The members reviewed the 2017 activities of the ALSF and discussed the future plans for the institution.

Categories: Korea, African Legal Support Facility


23/05/2018 - “For every drop of water you waste, you must know that somewhere on earth, someone is desperately looking for a drop of water!” Novelist and thinker Mehmet Murat Ildan’s warning could be referring to the likes of 39-year-old Mercy Chimusoro of Zengeza 3 Extension D, Chitungwiza and her family.

Categories: Zimbabwe, Water Supply & Sanitation


23/05/2018 - The Government of Korea and the African Development Bank have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa.

Categories: Korea, Partnerships


23/05/2018 - The Government of Korea and the African Development Bank have signed a Letter of Intent to launch the Korea-Africa Energy Investment Facility (KEIF) to provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy.

Categories: Korea, United States of America, Energy & Power, Partnerships, The President


23/05/2018 - Every year since 1964, the African Development Bank Group brings together development experts and Africa’s Central Bank Governors, Finance and Economic Planning Ministers to discuss the continent’s economic fortunes.

Busan, Korea’s second-largest city and industrial hub, is host to the Bank’s 53rd Annual Meetings this week attended by finance and development experts, business leaders and Finance Ministers from Africa and beyond.

Categories: United States of America, Korea, Energy & Power, Partnerships, The President


23/05/2018 - Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank, during his address at the 2018 Annual Meetings of the African Development Bank Group in Busan, Korea.

Categories: Korea, Nigeria


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