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MDB climate finance hit record high of US$ 35.2 billion in 2017
13-Jun-2018 - Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of US$ 35.2 billion in 2017, up 28 per cent on the previous year. Read joint MDB report See infographic
The African Development Bank and the Climate Investment Funds support their first private sector-led geothermal power plant in Kenya
08-Jun-2018 - The African Development Bank approved on June 6, 2018 a senior loan of US $29.5 million and a concessional loan of US $20 million from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai Ltd.Stimulating Africa’s bond markets: African Development Bank approves US $10-million equity investment in Financial Sector Deepening Fund
08-Jun-2018 - To strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank has approved a US $10-million investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager. The Fund seeks to raise US $100 million by the first closing and US $200 million by the second closing and to invest over 10 years to address the growing demand among local financial institutions for Tier 2 (subordinated) capital and to...
Promoting competitive agribusiness in Mozambique
08-Jun-2018 - A Mozambican delegation headed by Economy Minister Adriano Maleiane participated in the African Development Bank’s Annual Meetings in Busan, Korea, a key conference on economic affairs for the continent at which Finance Ministers from the Bank’s 80 Member States meet with academics, development partners and civil society organizations.Say no to plastic! The African Development Bank shows the way in the fight against plastic pollution in Africa
07-Jun-2018 - While the fight against plastic waste is gaining more resonance in Africa, the use of plastic bags is still well-rooted in custom and practice, at the expense not only of the environment, but also of public health, without there being widespread awareness.
We have high hopes and expectations for your country, Adesina tells President of São Tomé and Príncipe
07-Jun-2018 - African Development Bank President, Akinwumi Adesina, met with São Tomé and Príncipe President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022.
African Development Bank Launches Coding for Employment Program: Unleashing Africa’s Next Generation of Digital Innovators
06-Jun-2018 - The African Development Bank, together with partners – The Rockefeller Foundation, Microsoft and Facebook – launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this new Program prepares Africa’s youth for tomorrow’s jobs and unleashes the next generation of young digital innovators from the continent.African Development Bank supports agricultural value chain development to improve household incomes and food security in the Sudan
06-Jun-2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan. Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”African Development Bank promotes better access to mortgage finance in Ghana
06-Jun-2018 - The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.
5th Annual Sustainable Energy for All Africa Workshop at the SEforALL Forum
05-Jun-2018 - More than 750 leaders from government, business, civil society and international organizations will gather from 2nd to 4th to May 2018 in Lisbon for the 4th SEforALL Forum with the title: “Leaving No One Behind”.Bank helping to deliver electricity more effectively in Mozambique
05-Jun-2018 - The Mozambican Government seeks to provide universal access to electricity for economic development. To that end, the Electricity IV project was co-financed by the African Development Bank, the Government of Mozambique and the OPEC Fund for International Development. Implemented for over 10 years, the project was completed in 2017.
World Environment Day: Collective action must be taken to beat plastic pollution in Africa
04-Jun-2018 - On the occasion of World Environment Day, June 5, and World Oceans Day, June 8, the African Development Bank is calling for collective action to reduce the pressing environmental and health challenges posed by plastic waste.
Investing in smart technologies to power industrialization
04-Jun-2018 - Inspired by Korea’s successful, rapid industrialization, the World Bank and the African Development Bank have pledged to increase investments in education, in financing for innovative technologies, in science and technology laboratories, and in providing risk guarantees to support initiatives to propel Africa’s industrialization.Innovative approaches to financing climate adaptation
04-Jun-2018 - During this year’s Innovation4Climate meeting in Germany, focused on “Adaptation metrics for innovative results-based adaptation and resilience finance,” the African Development Bank hosted a workshop on Tuesday, May 21, in cooperation with Perspectives Climate Group, The Higher Ground Foundation.
African Development Bank President in São Tomé and Príncipe to strengthen alliances
04-Jun-2018 - The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was welcomed by Américo dos Ramos, the Minister of Finance, Trade and Blue Economy, who is also the country’s Governor at the African Development Bank, and by the Minister of Foreign Affairs, Urbino Botelho.
African Development Bank leads on creating an Africa Financial Alliance for Climate Change
01-Jun-2018 - Seven of the 10 countries in the world most threatened by climate change are in Africa. African economies are already suffering the devastating effects of climate change, further exacerbating their development challenges. In response, the African Development Bank is leading the way on what may be Africa’s most decisive action to ensure that the continent receives adequate climate finance.
African Development Bank to provide US $7 million to Sudan for rural livelihoods’ adaptation to climate change in the Horn of Africa II
01-Jun-2018 - The African Development Bank Director General for East Africa, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a grant agreement (Rural Livelihoods’ Adaptation to Climate Change in the Horn of Africa II) of about US $7 million on May 23, 2018 during the African Development Bank Annual Meetings in Busan, Korea.
African Development Bank encourages Japanese private sector to invest in agribusiness in Africa
01-Jun-2018 - The African Development Bank held a seminar focusing on agribusiness on May 29, 2018 in Tokyo, Japan. This was the first joint event with Sasakawa Africa Association, following the signing of a Memorandum of Understanding (MoU) at the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya, in 2016.Ten-year CAD 60-million “Feed Africa” bond issued by the African Development Bank
31-May-2018 - The AAA-rated African Development Bank (Moody’s/S&P/Fitch/Japan Credit Rating Agency), issued its second “Feed Africa” bond for CAD 60 million, sold to Japan Post Insurance Co., Ltd., the sole investor in the transaction, with Citigroup Global Markets Limited acting as the arranger and lead manager of the transaction.