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Africa Investment Forum 2022: Medical and vaccines transactions expected to draw healthy investor interest during Market Days event
28-Oct-2022 - Since the onset of the Covid-19 pandemic, the Africa Investment Forum, a marketplace for transactions that close Africa’s investment gaps, has channeled investments to projects that address the continent’s biggest healthcare challenges - building quality healthcare infrastructure; developing the continent’s pharmaceutical industry; and increasing the capacity of vaccine manufacturing.
Africa Investment Forum attracts US Trade and Development Agency support for Nigerian telehealth provider
28-Oct-2022 - Abuja-based telemedicine provider Mobihealthcare Limited has received grant funding from the United States Trade and Development Agency. The funding will support the provider of telehealth services to assess the feasibility of expansion beyond Nigeria into Cote d’Ivoire, Ghana, Kenya and Egypt. The company was one of 40 presented to investors during a series of virtual investment meetings organized by the Africa Investment Forum in March 2022.
Ten Quick Facts You Should Know About Nigeria Special Agro-Industrial Processing Zones Program
28-Oct-2022 - The Special Agro-Industrial Processing Zones (SAPZ) program is a flagship African Development Bank initiative. The zones bring together the production, processing, storage, transport, and marketing of commodities – including cotton and maize. This will increase productivity and competitiveness and reduce logistics costs.
Africa Investment Forum: Lusophone Compact continues to drive private sector investment in Africa
28-Oct-2022 - The Lusophone Compact is one of many successes that have emerged from the innovative Africa Investment Forum. The compact is a financing platform that provides risk mitigation, financing products and technical assistance to accelerate development of the private sector in Africa’s Portuguese-speaking countries.African Development Bank launches USD 2 billion 5-year 4.375% Global Benchmark due 3 November 2027
27-Oct-2022 - On Wednesday 26 October 2022, the African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s / S&P / Fitch / Japan Credit Rating, all stable), launched and priced a new USD 2 billion 5-year Global Benchmark due 3 November 2027. This transaction marks the Bank’s second USD Global Benchmark in 2022 following the 3-year USD 1 billion benchmark issued in June, and its first 5-year benchmark issuance since July 2021. The bond pays a coupon of 4.375% with a re-offer yield of 4.458%.
Africa Investment Forum: Harnessing Guarantees and Insurance to Close the Continental Financing Gap – The Africa Co-Guarantee Platform Leads the Way
27-Oct-2022 - Africa has long suffered from a risk perception gap - one of the main factors contributing to the continent's estimated $200 billion trade and investment financing gap. More recently, the world has been hit with the Covid-19 pandemic, the war in Ukraine and the resultant global food and energy instability, coupled with soaring interest rates and debt sustainability tensions for African countries. These occurrences have exacerbated the negative perception of investment risk in Africa.
Nigeria: Special Agro-Industrial Processing Zone program stokes investor interest
26-Oct-2022 - Local and international private sector businesses have expressed strong interest in the $538 million Special Agro-Industrial Processing Zone program (SAPZ) launched in Nigeria on Monday 24 October. Conceived by the African Development Bank, the program is expected to stimulate agriculture transformation in Nigeria.Launch of East Africa Regional Economic Outlook 2022
26-Oct-2022 - What: Launch of East Africa Regional Economic Outlook 2022 Who: African Development Bank Group, East Africa Regional Office When: 28 October 2022 | 14:00 hrs East Africa Time (GMT+3) Where: Virtual – register here in advance to cover the event
African Development Bank publishes new report linking security, investment and development
26-Oct-2022 - The African Development Bank Group has published a new report examining the relationship between security, investment and development. The report, ‘The Security, Investment, and Development Nexus: A Diagnostic Assessment,’ was announced on Tuesday 25 October, at the African Union Policy Conference on Peace, Security and Development, currently underway in Morocco.
Africa Investment Forum: closing the technology gap promises significant gains for Africa’s creative industries
26-Oct-2022 - Africa’s creative industries have grown rapidly in recent years, as its music, films and fashion increasingly attract a global audience.
Africa Adaptation Acceleration Program Partnerships Forum
26-Oct-2022 - What: Africa Adaptation Acceleration Program Partnerships Forum Who: African Development Bank and the Global Center on Adaptation When: 27 October 2022, 15:00 GMT+2 Where: Windhoek, Namibia (Hybrid format)
Africa Investment Forum 2022: Mobihealth CEO Funmi Adewara on what the USTDA grant means for the company and its strategic plans
26-Oct-2022 - The $67 million Mobihealth Telemedicine Project is an innovative digital health transaction involving the establishment of a fully integrated telemedicine proprietary platform. It is one of eight deals, with a total value of nearly $5 billion, that were presented at the Africa Investment Forum’s Virtual Boardrooms event held in March 2022. Presented under the ‘Women as Investment Champions’ pillar, these transactions involved entities either founded or led by women or with a significant gender impact.
African Development Bank Group extends €63.6 million loan for agro-processing project in Senegal
26-Oct-2022 - The Board of Directors of the African Development Bank Group on 26 October 2022 in Abidjan approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium Industries will implement the project in four regions in central Senegal: Kaolack, Kaffrine, Fatick, and Diourbel. Its implementation will help increase agricultural exports and boost food security in rural areas.
Webinar on National circular economy roadmapping
25-Oct-2022 - What: Webinar on National circular economy roadmapping Who: African Development Bank, African Circular Economy Alliance (ACEA) and Africa Circular Economy Facility When: 27 October 2022 Where: Virtual (Click here to register)
African Development Bank VP Presents 2022 African Economic Outlook to Harvard community, calls for capacity building, research on impact of climate activities in Africa
25-Oct-2022 - African Development Bank Group Acting Chief Economist and Vice President Kevin Urama has called for more robust capacity development and research on the impact of climate change in Africa. Urama made the call when he presented the African Development Bank’s African Economic Outlook (AEO) 2022 report to senior faculty members of Harvard University’s Center for African Studies on Friday, 14 October 2022.
AAAP webinar: Innovation essential for climate-smart future, but it's not enough
24-Oct-2022 - The 2022 United Nations Climate Change Conference, COP27, is dubbed ‘African COP’ as the impact of climate change on African countries will be a key theme of discussions. Agriculture and food systems will also be a critical focus of COP27, with Saturday, 12 November, dedicated to both themes, in addition to adaptation. Also high on the climate agenda is the role of the youth, as 10 November is dedicated to their participation.
African Development Bank and partners launch $520 million special agro-industrial processing zones to transform Nigeria’s agriculture
24-Oct-2022 - Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme initiated by the African Development Bank.
Strengthen collaboration on climate adaptation across the continent, experts say ahead of COP27
24-Oct-2022 - Ahead of the 2022 United Nations Climate Change Conference, COP27, in Egypt in November, the African Development Bank and the Global Center on Adaptation participated in a series of events at the Africa Climate Week to build consensus among African countries and stakeholders. COP27 is described as Africa's COP and will significantly shape the future. To deliver on adaptation, a transformative adaptation agenda is needed now.
First Continental Policy Conference on the theme “Promoting the Peace, Security, and Development Nexus: The Promise of Regional Integration.”
24-Oct-2022 - WHAT: First Continental Policy Conference on the theme “Promoting the Peace, Security, and Development Nexus: The Promise of Regional Integration.” WHO: The African Union in partnership with the African Development Bank, the United Nations Economic Commission for Africa (UNECA), the United Nations Development Programme (UNDP), the Afrexim Bank and the Africa Capacity Building Foundation WHEN: 25-27 October 2022