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Cameroon: The African Development Bank, a leading infrastructure partner
24-Apr-2024 - In an era of transformative development, the African Development Bank Group stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure.
2024 Annual Meetings: African Countries Urged to Define Common Position for Reform of the Global Financial Architecture
24-Apr-2024 - "The problem of financing will remain unresolved so long as the rules and practices of global economic and financial governance obstruct access for our countries to sizeable resources on sustainable terms." The above pronouncement by Senegalese President Macky Sall a year ago encapsulated the resounding plea echoing across Africa for a reshaping of the global financial architecture to better serve the continent’s developmental aspirations.
Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives
24-Apr-2024 - The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project will enable the country to raise up to €200 million competitively from international commercial banks, diversifying its funding sources.
Lesotho CSOs Shape African Development Bank's New Country Strategy
23-Apr-2024 - Lesotho's civil society organizations (CSOs), operating under the umbrella of the Lesotho Council of NGOs, convened on March 21, 2024, to evaluate the African Development Bank's (AfDB) portfolio performance in the country. The meeting with Bank representatives aimed to gather input on the Bank's current Country Strategy Paper (CSP) for Lesotho (2020-24) and to discuss the upcoming CSP for 2025-29.
African Development Bank Announces Renewal of Bank-Civil Society Committee
23-Apr-2024 - The African Development Bank is pleased to announce the renewal of its dynamic Bank-Civil Society Committee for the 2024-2026 term. This diverse and carefully selected group embodies a wealth of experience and is ready to ensure that civil society contributes effectively to inclusive growth and the transformation of the continent, in line with the Bank's Ten-Year Strategy.
Brazil signs Lusophone Compact agreement to boost private sector in Africa
23-Apr-2024 - Brazil has officially joined the Lusophone Compact, an initiative working to accelerate private sector development in Portuguese-speaking countries in Africa, known as the PALOPs (Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, São Tome and Príncipe).
African Development Bank and Global Center on Adaptation to host Webinar on Mainstreaming Climate Change Adaptation and Resilience in the Water Sector
22-Apr-2024 - What: Webinar on Mainstreaming Climate Change Adaptation and Resilience in Water Sector Projects Who: African Development Bank Group, Global Center on Adaptation When: 30 April 2024 | 12.00 – 1.30 pm GMT Where: Virtual – register here.
African Business Founders To Take Center Stage at AHC Soirée in Johannesburg
22-Apr-2024 - African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award-winning South African artist, Ami Faku.
Multilateral Development Banks Deepen Collaboration to Deliver as a System
20-Apr-2024 - The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
African Development Bank rapidly exceeding climate finance targets
20-Apr-2024 - African Development Bank Group President Akinwumi Adesina on Thursday called for more urgent action as climate change continues to wreak havoc in many African countries. He was speaking at a high-level roundtable on climate finance convened during the International Monetary Fund and World Bank Spring Meetings by UK Deputy Foreign Minister and Minister of State for Development and Africa, Andrew Mitchell, and the German Minister for Economic Cooperation and Development, Svenja Schulze,
Knowledge Sharing Webinar on the West Africa Power Pool (WAPP)
19-Apr-2024 - What: Webinar on the West Africa Power Pool (WAPP) Who: The African Development Bank When: Tuesday, 30 April 2024 @ 10:00 GMT Where: Virtual, via Zoom The African Development Bank will host a webinar focused on the West Africa Power Pool (WAPP) on 30 April 2024.
Africa's $824 billion debt burden and opaque resource-backed loans hinder its potential, African Development Bank President warns
19-Apr-2024 - Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina said on Thursday.
African Development Bank President Dr Adesina to meet Brazil’s President Lula
19-Apr-2024 - African Development Bank Group president, Dr Akinwumi Adesina is travelling to Brazil for a two-day official visit to meet with President Luis Inacio Lula da Silva, government officials and the business community to discuss investment opportunities in Africa. Brazil is keen to strengthen its economic cooperation with Africa across a number of sectors including agriculture and health.
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.