Press Releases
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African Development Bank trains 100 fashion and creative industry entrepreneurs during Fashionomics Africa Masterclass in Nairobi
04-Mar-2020 - The African Development Bank’s Fashionomics Africa initiative hosted 110 entrepreneurs from the textile, apparel and accessories industry for a workshop on how to establish a successful fashion brand. Eighty-eight participants of the workshop, the first to be held in Nairobi, were women.
African Development Bank and Association for the Development of Education in Africa urge partners to tackle skills mismatch
04-Mar-2020 - The African Development Bank and the Association for the Development of Education in Africa (ADEA) have called for stronger links between technical and vocational education and training and industry to equip young people with the skills they need to boost technological advancement, trade and growth in Africa.
“You have been in the trenches with us,”Ghana Vice President Mahamudu Bawumia tells African Development Bank
04-Mar-2020 - The African Development Bank’s support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported projects, especially in the areas of infrastructure, agriculture and technical innovation, as examples of interventions that have helped to boost the government’s efforts to consolidate the economy.
The African Development Bank Group appoints M. Solomon Quaynor as Vice-President, Private Sector, Infrastructure and Industrialization
03-Mar-2020 - The African Development Bank Group is pleased to announce the appointment of Mr. Solomon Quaynor as the Vice President for the Private Sector, Infrastructure and Industrialization Complex, effective from 1st May 2020.
The African Development Bank Group appoints Dr. Kevin Kanina Kariuki as Vice-President, Power, Energy, Climate and Green Growth
03-Mar-2020 - The African Development Bank Group is pleased to announce the appointment of Dr. Kevin Kanina Kariuki as the Vice President for Power, Energy, Climate & Green Growth, effective from 16 April 2020.
African Legal Support Facility launches new handbook on sovereign debt at 10th anniversary
03-Mar-2020 - The African Legal Support Facility (ALSF) has launched a handbook on sovereign debt aimed at improving users’ understanding of the subject and offering development and implementation strategies and tips to avoid over-indebtedness.
African Development Bank Group President Appoints Ms. Bajabulile “Swazi” Tshabalala as Acting Senior Vice President
02-Mar-2020 - The President of the African Development Bank Group, Dr. Akinwumi Adesina is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Acting Senior Vice President of the Bank with immediate effect. Ms. Tshabalala, currently the Vice President for Finance and Chief Finance Officer for the African Development Bank Group, joined the Bank on August 1, 2018.
Somalia and the African Development Bank Group sign agreement for arrears clearance support
02-Mar-2020 - Somalia‘s Minister of Finance, Dr. Abdirahman Beileh and the African Development Bank‘s Vice President for Regional Development, Integration and Business Delivery, Khaled Sherif on Monday signed a $122.55 million grant agreement to advance Somalia’s national development agenda, consolidate peace and ensure inclusive economic growth and poverty reduction.
President of The African Development Bank Receives 8th African Leadership Magazine African of The Year Award
01-Mar-2020 - Over 200 leading African political, business, and diplomatic leaders gathered in Johannesburg for the 8th African Leadership Magazine Persons of the Year Award dinner. They witnessed Dr. Akinwumi Adesina, President of the African Development Bank, being honored as the African of the Year 2019.
Somalia: African Development Bank Group approves framework to clear nation’s arrears
26-Feb-2020 - The African Development Bank and African Development Fund today approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country. The historic Framework for Somalia’s Arrears Clearance and a Policy-based Operation was approved at a meeting of the Boards of Directors held Wednesday.
African Development Bank Board bids farewell to Senior Vice President Charles Boamah
26-Feb-2020 - “Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is with those words that the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, also Dean of the Board of directors of the African Development Bank, commended the outgoing Senior Vice President, Charles Boamah.
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
26-Feb-2020 - A seven-member delegation of Executive Directors of the African Development Bank visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during which they were briefed on the current macro-economic, social and political environment in the southern African nation.
Botswana: African Development Bank supports development finance agency BDC with $80 million Line of Credit
25-Feb-2020 - The African Development Bank and the Botswana Development Corporation (BDC) on Friday signed a Line of Credit (LOC) totaling $80 million to help scale up key investments in the southern African country. BDC will on-lend to specific target groups, focusing on industrialization including manufacturing, transport and service sectors that have significant development impact. Repayment will be over 10 years, including a two-year grace period.African Union Executive Council endorses African Development Bank President Adesina for second term
25-Feb-2020 - The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank. The decision was taken during the thirty-sixth Ordinary Session of the AU Executive Council, held during the AU Summit in Addis Ababa, Ethiopia, 6-7 February 2020. Adesina was elected to his first term as President by the Bank’s Board of Governors at its Annual Meetings in Abidjan on 28 May 2015. He is the eighth President of the African Development Bank Group and the first Nigerian in the...
Sénégal : le président Macky Sall reçoit les administrateurs de la Banque africaine de développement en mission de consultation dans le pays
24-Feb-2020 - Le Président de la République du Sénégal, Macky Sall, a reçu, vendredi 21 février à Dakar, les administrateurs de la Banque africaine de développement au dernier jour de leur mission de consultation dans le pays.
Ireland moves closer to becoming the 81st member of the African Development Bank Group
24-Feb-2020 - Ireland moved a step closer to becoming a member of the African Development Bank Group after a government delegation on Monday deposited ratification instruments during an official visit to the Bank’s Abidjan headquarters. The delegation, led by Paul Ryan, Director, International Finance Division of Ireland’s Department of Finance, included Patrick Mulhall and Renee Martin of the Department of Finance, and Laura Gibbons from the Department of Foreign Affairs and Trade.
African Development Bank issues call to strengthen fertilizer value chains at Argus Africa Fertilizer Conference
21-Feb-2020 - The African Development Bank urged development finance institutions, NGOs, farmer cooperatives, and the private sector to develop more effective financing solutions for Africa’s fertilizer value chains. The Bank’s call to action came during the Argus Africa Fertilizer Conference held on 19 February. The conference’s theme was Supporting the fertilizer value chain to improve agricultural productivity and economic growth in the region.
Burundi : la Banque africaine de développement et le gouvernement signent deux accords de dons d’un montant total de 23,4 millions d’euros en faveur du développement du Port de Bujumbura
21-Feb-2020 - La Banque africaine de développement et le gouvernement burundais ont signé, mardi 18 février à Bujumbura, capitale économique du Burundi, deux accords de dons d’un montant total de 23,4 millions d’euros sur les ressources du Fonds Africain de Développement (FAD) et de la Facilité d’Appui à la Transition (FAT) en faveur du secteur du transport du pays.