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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
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)
Announcement of the Effectiveness of Bank Group’s updated Integrated Safeguards System (ISS)
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!
African Development Bank Group Annual Meetings 2024: President Adesina calls for Bank makeover to attract game-changing private sector investment
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.
African Leaders Join African Development Bank’s Call for Action to Reform the Global Financial Architecture at its 2024 Annual Meetings
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.
Annual Development Effectiveness Review 2024: Africa Demonstrates Resilience Amid Multiple Crises
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.
41 African countries set for stronger growth in 2024, keeping continent second fastest growing region in the world—African Development Bank’s Economic Outlook
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.
Transforming African Economies through Circular Solutions - The case of the Africa circular Economy Facility
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
Annual Meetings 2024: Confident Financiers say public-private partnerships are key for Africa’s transformation
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.
African Development Bank Annual Meetings: Vice president Akin-Olugbade hails Horn of Africa Initiative milestone of $10 Billion in portfolio commitments
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.
Annual Meetings 2024: panel discussion on mobilizing funding to support the African private sector
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...
African Development Bank Group Unveils New Ten-Year Strategy 2024–2033
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.
African Development Bank Group 2024 Annual Meetings: African nations urged to enhance private sector financing for tertiary education
28-May-2024 - Experts attending an African Development Bank High-level dialogue in Kenya have urged African nations to intensify efforts to attract private-sector financing to enhance tertiary education and equip the continent’s youth with competitive skills. During a panel discussion at the Bank’s 2024 Annual Meetings in Nairobi, the experts stressed the importance of political commitment to guarantee returns on private sector investments in education.
African Development Bank Group Annual Meetings 2024: Climate Action Window launches second call for mitigation project proposals in 37 low-income African countries
28-May-2024 - The African Development Fund has launched the second call for proposals through its Climate Action Window (CAW) on the sidelines of the 59th Annual Meetings of the Board of Governors of the African Development Bank Group currently underway in Nairobi.
2024 Annual Meetings: African Development Bank President outlines gains of historic 2023 Dakar 2 Summit
28-May-2024 - Since the Dakar 2 Summit, six African countries have set up Presidential-level Councils to drive implementation of the Country Food and Agriculture Delivery Compacts agreed at the summit, while another twelve countries are at various stages of establishing their councils.
2024 Annual Meetings: Africa’s Voice Needs To Be Heard, Says African Development Bank President
28-May-2024 - African Development Bank President Dr Akinwumi Adesina says the world is changing and Africa needs to be at the table. Adesina told more than 150 journalists covering the Bank’s Annual Meetings in Nairobi that the Global South is becoming much more important and that as a result the global financial architecture needs to change:
Burkina Faso: African Development Bank funds two major projects to support agricultural value chains
28-May-2024 - Burkina Faso and the African Development Bank launched the Burkina Faso component of Project 2 of the Food and Nutrition Insecurity Resilience Programme in the Sahel (P2-P2RS) and the Integrated Maize, Soybean, Poultry and Fish Chain Development and Resilience Building Project (PIMSAR) simultaneously in Ouagadougou on 21 May 2024.
African Development Bank Annual Meetings side event: Africa and the G20 Brazilian Presidency
27-May-2024 - What: African Development Bank Annual Meetings side event: Africa and the G20 Brazilian Presidency Who: The African Development Bank, Brazilian Foreign Ministry, Inter-American Development Bank When: Thursday 30 May 2024; 3.30 PM - 4.30 PM East Africa Time (GMT+3) Where: Lenana Room, Kenyatta International Conference Center (KICC), Nairobi
African Development Bank Joins Climate Action Africa Forum (CAAF24) Deal Room
27-May-2024 - What: Climate Action Africa Forum (CAAF24) Deal Room Who: African Development Bank with Climate Action Africa (CAA) When: 19-20 June 2024 Where: Landmark Event Centre, Lagos, Nigeria
African Development Bank Annual Meetings 2024: African Development Bank Secretary General joins South African leaders to highlight investment opportunities of enlarging BRICS alliance
27-May-2024 - The BRICS Alliance, together with the new member additions, provides immense trade and investment opportunities for the African continent, Prof. Vincent O. Nmehielle, Secretary General of the African Development Bank Group, said at an event on the sidelines of the African Development Bank’s 2024 Annual Meetings in Nairobi on Monday 27 May." These countries are emerging economies with a growing middle class and a substantial consumer market; expanding into these markets will lead to growth opportunities for the continent," Nmehielle said.