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Peaceful elections and fighting back Ebola on the agenda at 24th Summit of the Africa Union
29-Jan-2018 - Elections, conflict, terrorism, Ebola and women’s empowerment are at the top of this year’s agenda as African leaders gather in Addis Ababa for the 24th Summit of the African Union.
Malaria is bad for business, invest in the local manufacturing of low-cost generic medicines, President Adesina tells African leaders
29-Jan-2018 - Malaria is bad for business. For this reason, Africa should invest in the local manufacturing of low-cost generic medicines to facilitate access to treatment for its people, the President of the African Development Bank, Akinwumi Adesina, told African Leaders in Addis Ababa on Sunday. Adesina spoke at the African Leaders Malaria Alliance (ALMA) work luncheon on the sidelines of the African Union Summit in Addis Ababa.
African leaders commit to overcome malnutrition, elevate nutrition as driver for economic growth
29-Jan-2018 - «Il y a toutes les raisons de s'en occuper: la malnutrition est la principale cause de décès pour des millions d'enfants de moins de cinq ans. En effet, 3 millions d'enfants meurent chaque année en Afrique de malnutrition. Si les tendances actuelles se maintiennent jusqu'en 2030, l'Afrique aura perdu 36 millions d'enfants, qui n'ont pas assez à manger ou assez bien pour se nourrir.
African Development Bank to reach 29.3 million Africans with electricity by 2020
29-Jan-2018 - In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans to reach 29.3 million people in Africa with electricity by 2020.
African Legal Support Facility trains WAEMU members in oil exploration and opportunities
26-Jan-2018 - In response to a request from the West African Economic and Monetary Union (WAEMU) Commission, the African Legal Support Facility (ALSF) organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts. The ALSF is an international institution hosted by the African Development Bank. The discovery of large-scale petroleum and mineral deposits has a tendency to fuel national visions of economic prosperity and development.
African Economic Outlook 2018 presented to African Union Summit delegates in Addis Ababa
26-Jan-2018 - African economies have been resilient to negative shocks, but poor infrastructure is a serious impediment to inclusive growth, according to the 2018 edition of the African Economic Outlook (AEO) presented to delegates in Addis Ababa at the African Union Summit on Friday.
Tunisian businesswoman Ouided Bouchamaoui makes a bold case for African cooperation
25-Jan-2018 - “It is not aid that will help Africa to develop.” Ouided Bouchamaoui, former President of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA), made a spirited call for African cooperation in Abidjan, Côte d'Ivoire, on Monday, January 22, 2018.
Africa’s progress depends on the creative energy of its youth, says Nobel Co-Laureate
22-Jan-2018 - Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time bomb. This, according to her, depends on how leaders anticipate the future.
AfDB Climate Change Committee shares outcomes of COP20 and looks ahead to Paris climate talks
22-Jan-2018 - On Wednesday, January 21, the African Development Bank’s Climate Change Coordination Committee (CCCC) organized a knowledge sharing seminar at the institution’s headquarters in Abidjan to highlight the outcomes of the 20th Conference of Parties (COP20) to the United Nations Framework Convention on Climate Change in Lima, Peru, in December. The committee also looked ahead to COP21 in Paris later this year, where a new universally binding climate agreement is expected to be concluded.Nigeria makes formal request to host African Development Bank’s regional hub
19-Jan-2018 - “We think being the largest shareholder of the Bank since inception, and the country with one of the largest portfolio of its projects, Nigeria, is the natural and logical place for the Bank’s regional hub.” –Kemi Adeosun, Nigeria’s Minister of Finance and Governor of the African Development Bank. Counting on its position as the largest shareholder of the Bank since inception, the Government of Nigeria has made a formal request to the African Development Bank to host its regional office in Abuja.Address delivered by the Honourable Minister of Finance, Kemi Adeosun, at the commissioning of the African Development Bank’s Nigeria Country Department Building in Abuja, Nigeria, on Thursday, January 18, 2018
18-Jan-2018 - May l on behalf of myself, staff and management of the Federal Ministry of Finance congratulate my brother and compatriot, Dr. Akinwumi Adesina, the President of African Development Bank (AfDB), his predecessors and his team for bringing to reality this vision to build and own the Bank’s first permanent office building outside of its headquarters in Abidjan, Côte d’lvoire.Address by His Excellency, Prof. Yemi Osinbajo, SAN, Vice-President, on behalf of Muhammadu Buhari, GCFR, President of the Federal Republic of Nigeria, at the commissioning of the African Development Bank’s Nigeria Country Office - Abuja, 18/01/2018
18-Jan-2018 - I am delighted to be here today, to celebrate with the African Development Bank the commissioning of its Nigeria Country Office Complex. This building here in Abuja is, among other things, an important symbol of the special relationship between the African Development Bank and Nigeria – a founding member and the largest shareholder of the Bank from inception to date. And since 1971, the Nigeria Country Office has served as an important convening point between the Bank, the Federal and State Governments, and the private sector.
African Development Bank Governors from West and Central Africa hold fruitful consultations with Senior Bank Management
17-Jan-2018 - At the invitation of African Development Bank Group President Akinwumi Adesina, consultations have been held between the Bank’s Governors from West Africa and Central Africa and Senior Bank Management in Abidjan, Côte d’Ivoire. They are the first consultations of their kind since the creation of the Bank in 1963.
2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization
17-Jan-2018 - The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth.
Akinwumi Adesina receives accolade of highest honour of the Republic of Liberia
16-Jan-2018 - Akinwumi Adesina, President of the African Development Bank Group (AfDB), on Monday, January 15, received the Order of the Star of Africa with the Grade of Grand Band of the Republic of Liberia, during an investiture ceremony hosted by Liberian Head of State, Ellen Johnson Sirleaf, at the C. Cecil Dennis Auditorium of the Ministry of Foreign Affairs, in Monrovia, Liberia.
African Development Bank launches the 2018 Edition of the African Economic Outlook
16-Jan-2018 - The African Development Bank is launching the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018 at its headquarters in Abidjan. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook. The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis.
African Development Bank inspires Nigerian school children with ‘Farming is Cool’ competition
16-Jan-2018 - As part of its goal to see a generational shift in agriculture on the continent, the African Development Bank has taken its ‘Farming is Cool’ initiative to school children in Nigeria. The Bank has also launched a Junior Art Contest in Nigeria to promote the potential of agriculture to secondary school children. Africa is hoping to feed itself and to eradicate malnutrition by 2025, but the average age of farmers on the continent is currently 60 years.These young Africans dream of becoming the next Mandela, Nasser, Adesina, Wangari Maathai or Houphouët-Boigny
12-Jan-2018 - Invited to the headquarters of the African Development Bank to try their hand at leadership in a game setting, several dozen young people took part in the new board game Made in Africa, created by Olubanke King Akerele, diplomat and former minister of Liberia. It was an opportunity for the young participants to share their vision for the leadership and future of Africa, and to express their opinions on the place of young people in Africa.