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Summit for a new global financing pact: International community welcomes African Development Bank initiative on IMF Special Drawing Rights
23-Jun-2023 - World leaders attending this week’s Summit for a New Global Financing Pact praised the African Development Bank for finding a solution that would enable rich countries to reallocate part of their Special Drawing Rights (SDR) to low-income countries through multilateral development banks. The technical solution preserves the asset reserve status of the SDRs and would unlock hundreds of billions for Africa.
African Hidden Champions hosts Egypt’s top business leaders
23-Jun-2023 - AfDB and Africa Foresight staff at the African Hidden Champions Dinner, 19 June 2023, Cairo.
African Development Bank receives five awards from EMEA Finance for its achievements in debt capital markets
23-Jun-2023 - The African Development Bank has received five awards in the 2022 Achievement Awards organized by EMEA Finance. The awards were announced on Thursday 8 June 2023 in London.
Summit for a new global financing pact: African Development Bank head says MDBs should leverage IMF Special Drawing Rights to fight climate change and push SDGs
23-Jun-2023 - African Development Bank head Dr Adesina ( third from left) on panel discussing SDRs and debt at the Summit For a New Global Financing Pact, Paris, June 22 2023
African Development Bank, European Investment Bank, Islamic Development Bank and WHO launch new investment platform to strengthen primary health care services
23-Jun-2023 - AfDB head Dr. Akinwumi A. Adesina with WHO Director General Dr. Adhanom Ghebreyesus Tedros and heads of other multilateral development banks at the launch of the Platfom in Paris. June 23, 2023
African governments, partners express support for Alliance for Green Infrastructure in Africa toward target of mobilizing $500 million
23-Jun-2023 - (From right) AfDB President Akinwumi Adesina with Madagascar President Andriy Rajoelina, Comoros President Azali Assoumani, Ghana President Nana Akufo-Addo; Mauritania President Mohamed Ould Ghazouani; Prime Minister of Cote d’Ivoire Patrick Achi; Kenya President William Ruto, and Democratic Republic of the Congo Prime Minister Jean-Michel Sama Lukonde Kyenge at the AGIA side event in Paris.
“De-risking capital is key to scaling up development finance”, African Development Bank’s Adesina tells OPEC Fund forum
21-Jun-2023 - (L-R) Rémy Rioux, CEO of Agence Française de Développement; Akinwumi Adesina, president of the African Development Bank; Muhammad Al Jasser, chairman of the Islamic Development Bank Group; Abdulhamid Alkhalifa, OPEC Fund Director General; and Stephanie von Friedeburg, Managing Director, Public Sector banking, Capital Markets at Citi, who moderated the session.Webinar series on debt management in the context of Covid-19 - 4th webinar: the role of legal support in effective debt management
21-Jun-2023 - What: 4th webinar on the role of legal support in effective debt management Who: The African Development Bank and the African Legal Support Facility When: Monday, July 10, 2023, 11 am – 12:30 pm (GMT) Where: Online. Please register here.
Ghana: African Development Bank approves $23.04 million for modern Floating Dock Facility
20-Jun-2023 - View of stern and rudder of a ship in floating dry dock ready for repair
Child malnutrition: the African Development Bank steps up action to save thousands of African children at risk of dying before their fifth birthday
20-Jun-2023 - The Bank is continually stepping up initiatives to ensure that thousands of African children have the chance to celebrate their fifth birthday
Eswatini: a new Eco-green City planned with the support of the African Development Bank’s UMDF
19-Jun-2023 - The African Development Bank’s Urban and Municipal Development Fund is partnering with the Eswatini Water and Agriculture Development Enterprise on a new urban planning project, closely linked with the development of a transformative agro-industrial hub which will boost economic activities and to attract tens of thousands of workers.
North Africa to boost public-private partnerships to support economic development
17-Jun-2023 - "Diversifying the sources of funding for public infrastructure projects means seeking innovative approaches that integrate public-private partnerships in particular," the Tunisian Prime Minister, Ms Najla Bouden, told participants of a seminar titled Public-Private Partnerships in North Africa for sustainable and inclusive growth that was held on 15-16 June in Tunis.
Namibia: Urban areas to receive boost as African Development Bank fund approves grant for solar electricity in informal settlements
16-Jun-2023 - View of informal settlement in Windhoek, Namibia. Electrification is considered a crucial investment to unlock the economic potential of these areas and substantially improve the living condition of the inhabitants.
USAID commits $3 million to African Water Facility to accelerate preparation of water and sanitation investment projects in Africa
16-Jun-2023 - An attendant at Kathulumbi Health Center draws water from a tank provided courtesy of the Thwake Dam Project, Makueni County, Kenya.
Summit for a New Global Financing Pact: African Development Bank President Adesina to participate in roundtable discussion on Debt and Channeling SDRs
16-Jun-2023 - What: Roundtable discussion on Debt and SDR Channeling: Where are we and how to go forward? Who: African Development Bank President Akinwumi A. Adesina; IMF Managing Director Kristalina Georgieva; and several presidents and prime ministers When: Thursday, 22 June 2023; 13:30 - 14:30 CEST (11:30-12:30 GMT) Where: Palais Brongniart Paris, France
Exploiting natural gas can be a win-win for both Africa and Asia -- Experts
16-Jun-2023 - Against the backdrop of the Russia-Ukraine conflict and its impacts on food and fuel prices worldwide, representatives of the private and development sectors attending an online conference organized by the African Development Bank expressed consensus that exploiting Africa’s natural gas resources offered benefits for both African and Asian countries.
Summit for a New Global Financing Pact: African Development Bank President Adesina to Lead Roundtable on Alliance for Green Infrastructure in Africa
15-Jun-2023 - What: Alliance for Green Infrastructure in Africa hosts roundtable on the side-lines of the Summit for a New Global Financing Pact Who: African Development Bank President Akinwumi A. Adesina; African and European heads of government; and representatives of development partners When: 22 June 2023; 15:00-16:00 CEST (13:00-14:00 GMT) Where: Room 2 Salle Engrenages, Palais Brongniart Paris, France
African Development Bank Group Annual Report 2022: Bank Group demonstrates strong performance and commitment to African countries
14-Jun-2023 - The African Development Bank Group has released its 2022 Annual Report. The report shows solid performance over the year, recording a significant increase in lending to the Bank Group’s regional member countries in the face of a challenging global environment for Africa. “Amid multiple global shocks, the [African Development] Bank once again demonstrated its unwavering commitment to African countries through targeted actions tailored to strengthening resilience across the continent,” African Development Bank President Akinwumi Adesina said in...
African Development Bank approves $107.8 million to promote Tanzania’s green and resilient recovery from Covid-19 impacts
13-Jun-2023 - The African Development Bank is extending $108 million to Tanzania to enhance livelihoods through support to small and medium enterprises, women and youth.