Press Releases

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2019 African Investment Forum builds on 2018 successes, attracts growing international interest

11-Nov-2019 - The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering.

Africa Investment Forum 2019: "No country on the continent left behind," says Akinwumi Adesina

11-Nov-2019 - The President of the African Development Bank Group, Akinwumi Adesina, has given the assurance that no country would be left behind as the institution accelerates its development agenda. “No country is left behind and there will be no country,” Adesina told journalists on Monday at the Africa Investment Forum, held from 11 to 13 November in Johannesburg, South Africa. “We are ensuring that many investments are directed to fragile or low-income countries. We are not afraid to invest in Africa and in so-called ‘at-risk’ countries.”

2019 Africa Investment Forum kicks off delivering on the promise to redefine and unpack the continent’s investment opportunities

11-Nov-2019 - The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action. A $500 million equity deal presented by the Africa Infrastructure Investment Fund last year, to speed up investments in agriculture, and a $175 million equity transaction from the Africa Guarantee Fund for investors to support Small and Medium Size Enterprises, are among the transactions that found financial close over the past year.

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

11-Nov-2019 - For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa  

Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm

10-Nov-2019 - The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South Africa. The multi-stakeholder transactional marketplace is aimed at raising capital, advancing projects to bankable stage and accelerating financial closure of...

Why the Africa Investment Forum matters for the continent’s energy transformation: - Wale Shonibare, Acting Vice-President, Power, Energy, Climate Change & Green Growth, African Development Bank

09-Nov-2019 - The African Development Bank’s New Deal on Energy for Africa underlines the urgency to power the continent in order to end energy poverty, catalyze industrialization, and stimulate socio-economic growth. The strategy is grounded in the recognition that access to reliable, affordable and sustainable energy is central to Africa’s development, and lifting populations out of poverty. 

Cameroun : la Banque africaine de développement prête 18 millions de dollars pour renforcer la gestion des finances publiques

08-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son accord, mercredi 6 novembre, pour un prêt de 18,1 millions de dollars américains du Fonds africain de développement en faveur des finances publiques du Cameroun. Cet appui financier, pour la mise en œuvre du Projet d’appui au renforcement de la gestion des finances publiques (PARGEFIP), doit contribuer à améliorer la performance, l’intégrité et la transparence dans la gestion des finances publiques.

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

05-Nov-2019 - The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance.

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

04-Nov-2019 - Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and programs that will constitute the initiative, which is being developed by the countries with support from the African Development Bank, the European Union and the World Bank.

‘Today is a day of joy for Africa’ - African Development Bank celebrates historic capital increase

01-Nov-2019 - The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced.

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

31-Oct-2019 - The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the African Development Bank Board of Governors in Abidjan.

African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support

31-Oct-2019 - Bank's capital base more than doubles. Jumps from $93 billion to $208 billion Largest capital increase in the Bank's history signals a united front by shareholders At an extraordinary shareholders’ meeting today in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.

Modernizing African agriculture: Tunisia’s drone project shows the way

30-Oct-2019 - A workshop in Tunis organised by the African Development Bank last week followed on the heels of on a pilot project on the use of drones to boost agricultural productivity in Sidi Bouzid, in the central region of Tunisia. The aim of the workshop was to share knowledge and best practices for the introduction of drones in agriculture, drawing on the experience of the pilot project, with more than 150 participants from the public and private sectors.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

30-Oct-2019 - Who:              Board of Governors of the African Development Bank Group What:             5th extraordinary meeting of the Board of Governors Where:           Abidjan, Hotel Ivoire, Côte d’Ivoire When:            31 October 2019  

Angola: African Development Bank approves $165 million for economic diversification

29-Oct-2019 - The Board of Directors of the African Development Bank Group on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to restore the country’s macroeconomic stability. The Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures to improve human and social development to restore fiscal balance after the economy was hit by a global slump in oil prices and repeated droughts.

African Development Bank, New Development Bank partner to deliver life-changing projects for millions of Africans

28-Oct-2019 - The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development bank established by BRICS countries of Brazil, Russia, India, China and South Africa – will work with the African Development Bank to jointly identify, prepare and co-finance projects in countries of mutual interest.

La Banque africaine de développement soutient l’économie de la mode en Afrique

25-Oct-2019 - La Banque africaine de développement, a organisé la quatrième édition des Masterclass Fashionomics Africa, du 16 au 17 octobre à Abidjan, en collaboration avec i-Hub Abidjan, Afreximbank, Suguba, Google Digital Skills for Africa, Kinaya Ventures. L’événement ciblait les entrepreneurs du textile, de l'habillement et des accessoires de mode.

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

24-Oct-2019 - The African Development Bank has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change.

African Development Bank funds Angola initiative to improve business environment and diversify exports

23-Oct-2019 - The Angolan Government has launched a study funded by the Bank through the KOAFEC trust fund to support the improvement of export diversification and the business environment.

Seedstars World partners with African Development Bank to propel youth startups and jobs

23-Oct-2019 - Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

19-Oct-2019 - Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today. 

African Development Bank inks €12.5 million deal with Adiwale Fund for SMEs

18-Oct-2019 - The African Development Bank on Thursday signed off on its €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Bank Group’s board of directors approved the investment in March as part of its commitment to grow  SMEs and improve livelihoods in countries underserved by the global equity market.

2019 Global Gender Summit plans to tackle the constraints to gender equality

18-Oct-2019 - Rwanda is preparing to welcome women from all over the world for the first Global Gender Summit to be held in Africa. At a press conference on 18 October in the capital Kigali, the organizers laid out plans for the event. “We believe that GGS 2019 will be an opportunity to share best practices from all participants so that we accelerate progress on gender equality and women’s empowerment in Africa and around the world,” said Rwanda’s Minister of Gender and Family Promotion, Soline Nyirahabimana.

Angola: African Development Bank approves $1 million grant to children’s food and nutrition security programs

18-Oct-2019 - The African Development Bank has approved a grant of $1 million to boost a children’s food and nutrition security program in Bié province in Angola. The resources are from a special relief fund to the government of Angola, in response to a prevailing drought that has caused severe malnutrition. The grant was approved on 23 September.

World Food Prize and World Hunger Fighters Foundation launch fellowship for young African agribusiness innovators

18-Oct-2019 - The World Food Prize Foundation and the newly launched World Hunger Fighters Foundation are partnering to provide year-long fellowships for young African food innovators and entrepreneurs. The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans to develop new technologies, champion public policy, and develop viable businesses in the field of agriculture. The young leaders will gain experience in international agriculture research centres, including food and agribusiness companies.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

17-Oct-2019 - In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda. Africa Investment Forum 2018 broke the mold for regional investments and offered lessons about what can be done when multilateral development and finance institutions decide to pull their resources together to deliver as one.

Creating Africa’s next generation of development experts: African Development Bank calls on young professionals to join its ranks

17-Oct-2019 - The African Development Bank has issued a call to young people who are interested in joining the continent’s premier finance institution. The Bank has opened applications for its Young Professionals Program, which offers a unique opportunity to young people with a passion for development to participate in offering lasting solutions to social, economic and environmental challenges.

Prepare for the agriculture of tomorrow, African Development Bank President challenges high school students at global symposium

17-Oct-2019 - Young people from around the world gathered in Des Moines Iowa at the Global Youth Institute on Thursday to interact with Nobel and World Food Prize laureates. This year, 450 exceptional high school students from 10 countries attended the three-day Global Youth Institute hosted by the World Food Prize Foundation to facilitate discussion on pressing food security and agricultural issues.

Africa Investment Forum 2019: USA roadshow generates strong interest

15-Oct-2019 - More than 30 U.S pension fund managers, private sector CEOs and institutional investors have signaled their strong interest in participating in the second Africa Investment Forum, scheduled to take place from 11-13 November 2019, in Johannesburg, South Africa. The Africa Investment Forum is an innovative investment marketplace spearheaded by the African Development Bank to attract capital for investment on the African continent.

Tunisie : la Banque africaine de développement accorde 138 millions d’euros à la STEG pour le réseau d’électricité et les énergies renouvelables

15-Oct-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, le jeudi 9 octobre, un financement total de 138 millions d’euros en faveur de la Société tunisienne d’électricité et gaz (STEG) afin de mettre en œuvre le projet d’aménagement et d’équipement du réseau de transport d’électricité (PAERTE). Ce financement comprend un prêt de la Banque de 108 millions d’euros et des ressources mobilisées auprès du fonds « Africa Growing Together Fund » (AGTF), d’un montant de 30 millions d’euros.

Infrastructures agricoles : La Banque africaine de développement accompagne le Gabon pour changer la donne

15-Oct-2019 - La Banque africaine de développement a assuré le Gabon de son plein soutien au Projet d’Appui au Programme GRAINE phase 1 (PAPG 1) lors d’une cérémonie vendredi 4 octobre dernier à Libreville, en apportant notamment des financements économiques et sociaux dans les domaines de l’eau, l’électricité, la santé ainsi que des infrastructures agricoles.

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

14-Oct-2019 - The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa.

Madagascar: African Development Bank launches Africa Disaster Risk Financing Programme

14-Oct-2019 - The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity (ARC), has launched the Africa Disaster Risks Financing Programme (ADRiFi) in Madagascar. ADRiFi is intended to strengthen Madagascar’s country's resilience and increase its capacity to manage climate-related disasters. Over the next five years it will also strengthen the country's capacity to evaluate disaster risk and provide early warning systems and contingency plans.

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

11-Oct-2019 - The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals. The agreement was signed 30th September 2019.

Sudan: African Development Bank approves $31.3 million grants for water and sanitation facilities

11-Oct-2019 - The African Development Bank Group on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project will improve livelihoods and build resilience against climate change in the two states, including nomadic communities, by enhancing reliability of water and sanitation services and enhancing the public health system to benefit some...

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

10-Oct-2019 - First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank. The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions using an innovative mix of photovoltaic systems.

African Development Bank partners with Senegal to host 2021 World Water Forum

10-Oct-2019 -  A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank  on Senegal’s preparations to host the World Water Forum in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, and her senior management team on 8 October to discuss the Bank’s participation in the event’s organization and delivery.

Inaugural forum paves the way for sustainable fertilizer financing in the West Africa region

09-Oct-2019 - Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution. The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African Development Bank in Abidjan on 30 September and 1 October.

African Development Bank President Akinwumi Adesina receives Emeka Anyaoku lifetime achievement award

09-Oct-2019 - Former Commonwealth Secretary-General Emeka Anyaoku has presented a Lifetime Achievement Award to the African Development Bank President Akinwumi Adesina, describing him and the Bank’s work as “ legendary, unprecedented and worthy of emulation.” The Hallmarks of Labour Foundation presented the Outstanding International Icon Award to Adesina at a ceremony held in Lagos on October 6th.

Malawi: The African Development Bank approves $13.2 million for sustainable fisheries, aquaculture development and watershed management

09-Oct-2019 - The African Development Bank Group has approved a $13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in Malawi. The Sustainable Fisheries, Aquaculture Development, and Watershed Management project will provide infrastructure for increased fisheries productivity and market access. Board approval for the project was granted on 2 October 2019. The project is expected to contribute to nutritious diets, boost employment along the fish value chain, and build climate resilience along...

Maroc : la Banque africaine de développement soutient l’entreprenariat des jeunes et l’innovation

09-Oct-2019 - La Banque africaine de développement a pris part à l’édition 2019 des rencontres « Innovation et Jeunesse » qui se sont tenues du 30 septembre au 4 octobre derniers. Un évènement organisé conjointement par le ministère marocain de la Jeunesse et des Sports, le ministère danois des Affaires étrangères et le Programme des Nations unies pour le développement (PNUD).

African Development Bank and partners launch pilot Cities Diagnostics tool in five cities

07-Oct-2019 - “The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa, held on the 25th and 26th September 2019 in Abidjan. Five cities were chosen for the pilot phase of the Cities Diagnostics for 2019 -2020: Antananarivo (Madagascar), Bizerte (Tunisia), Conakry (Republic of Guinea), Dodoma (Tanzania) and Libreville (Gabon) and were represented by their respective authorities.

Tunis : la Banque africaine de développement présente au secteur privé des opportunités d’affaires pour l’Afrique du Nord

04-Oct-2019 - La Banque africaine de développement a organisé, ces deux derniers jours à Tunis, un séminaire d’opportunités d’affaires dédié à l’Afrique du Nord. Après Johannesburg et Nairobi, cette présentation dans la capitale tunisienne avait pour objectif de renforcer le dialogue entre la Banque et le secteur privé, tout en identifiant de nouvelles opportunités d’investissement et de financement. Le séminaire a accueilli près de 200 participants issus de 23 pays, représentant des entreprises de l’industrie, du génie civil, des travaux publics et du...

UNGA 2019: African Development Bank announces new accountability index to measure institutional lending to women

03-Oct-2019 - A new tool to track the level of lending to women across the continent will be important for ensuring women get the critical financial help they need, African Development Bank president Akinwumi Adesina told attendees at a public event held on the sidelines of the UN General Assembly.

Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

03-Oct-2019 - The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya. The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan. The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from the Africa Growing Together Fund, set up by the Bank and the People’s Bank of China in 2014. The remaining 19% will be financed by the...

Tchad : la Banque africaine de développement approuve un prêt de 18 millions d’euros pour le projet de centrale solaire de Djermaya

01-Oct-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le jeudi 26 septembre, un prêt de 18 millions d’euros ainsi qu’une Garantie partielle de risque (GPR), pour la mise en place de la centrale solaire de Djermaya au Tchad.

Le Bureau de suivi du Plan Sénégal émergent et le Delivery Unit du Maroc partagent leurs expériences à la Banque africaine de développement

01-Oct-2019 - Le Bureau opérationnel de suivi du Plan Sénégal émergent (BOS-PSE) et le Delivery Unit du Maroc (DU) ont partagé, lundi dernier à Abidjan, leur savoir-faire dans le suivi de l’exécution des projets.

First West Africa Fertilizer Financing Forum, hosted by African Development Bank, opens in Abidjan

01-Oct-2019 - “Effective partnerships for financing are key to the fertilizer sector growth.” Bank Vice President Pierre Guislain   Actors in West Africa’s fertilizer industry emphasized the need to financially support the fertilizer value chain to improve agricultural productivity in the region. Agriculture ministers, development partners and private sector leaders made the call during the opening ceremony of the first West Africa Fertilizer Financing Forum in Abidjan, Côte d’Ivoire, on Monday 30 September.

Bénin : la Banque africaine de développement accorde un prêt de 61 millions d’euros pour électrifier 300 communes rurales

27-Sep-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, ce jeudi, un prêt de 61,77 millions d’euros en faveur du gouvernement du Bénin pour la mise en œuvre du Projet d’électrification rurale (PERU) à destination de 309 communes.

The Bank Group’s swears in its new sanctions commissioners

27-Sep-2019 - On 10 September 2019, two experts with more than 35 years of combined experience in the legal field were sworn in as the Bank Group’s new sanctions commissioner and alternate sanctions commissioner. The swearing-in ceremony of Justin Wanjala and Justice Niyungeko, was chaired by Senior Vice President Charles Boamah, in the presence of members of the Board of Directors, the General Counsel and the Secretary General.