Press Releases
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African Development Bank President Adesina leads delegation to 7th Tokyo International Conference on African Development, TICAD
26-Aug-2019 - Abidjan, Côte d’Ivoire, 26 August 2019 – A high-level African Development Bank delegation, led by President Akinwumi Adesina, is set to join global leaders at the 7th Tokyo International Conference on African Development, TICAD7 from August 28 to 30. TICAD7, hosted by Japan and co-organised by the United Nations Office of the Special Advisor on Africa (UN-OSSA), and the United Nations Development Programme (UNDP), aims at “promoting high-level policy dialogue between African leaders and development partners.”President Adesina at G7 summit in Biarritz: women’s entrepreneurship, climate and fragility at the heart of the agenda
23-Aug-2019 - Biarritz, France, 23 August 2019 – The president of the African Development Bank, Akinwumi Adesina, will head a delegation to the G7 summit, to be held from 24 to 26 August in Biarritz, in south-western France.
Changement climatique : vers un forum annuel pour encourager les investissements climatiques en Afrique
19-Aug-2019 - L’atelier international sur la préparation des projets d’investissement pour la Réduction des émissions dues à la déforestation et la dégradation des forêts (REDD+) en Afrique, s’est tenu du 13 au 15 août 2019 à Abidjan. Des experts en gestion durable des forêts venant de 18 pays africains se sont engagés à organiser annuellement un forum sur les investissements REDD+, en vue de mobiliser des fonds destinés à la lutte contre le changement climatique sur le continent.
São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth
16-Aug-2019 - São Tomé, São Tomé and Príncipe, 16 August 2019 – São Tomé and Principe signed, on Thursday, a country-specific memorandum of understanding for the implementation of the Lusophone Compact aimed at accelerating inclusive, sustainable, and diversified private sector growth.
African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion
14-Aug-2019 - The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF) on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to provide sustainable financing for small-scale renewables in Africa.
Africa’s key development partners unite to tackle hunger as millions face food insecurity in times of climate change
09-Aug-2019 - Kigali, August 8, 2019 – Development partners in Africa have pledged to pool their resources to counter food insecurity on the continent. The commitment was formalized at the first Africa Food Security Leadership Dialogue (AFSLD) held in Kigali, Rwanda, August 5-6, in partnership with the African Union, leaders of the African Development Bank, the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development and the World Bank.
Nigeria: African Development Bank extolls Chinese commitment to Africa, explores potential partnerships with investors
08-Aug-2019 - Abuja, Nigeria - 8 August 2019: The African Development Bank in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) across Africa. The Bank delegation, led by Professor Banji Oyelaran-Oyeyinka, the senior special adviser on industrialisation to the African Development Bank’s President, paid a courtesy call to Nigeria’s Vice President, Professor Yemi Osinbajo, who assured the consortium of the tremendous investment opportunities...
AU, African Development Bank sign $4.8 million grant earmarked for continental free trade secretariat
06-Aug-2019 - The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy.
Egypt: African Development Bank, African Export-Import Bank roadshow launches preparations for 2nd Africa Investment Forum
06-Aug-2019 - Cairo, Egypt, 6 August 2019: The African Development Bank and the African Export-Import Bank (Afreximbank) held a roadshow in Cairo to launch preparations for the second Africa Investment Forum taking place in Johannesburg, South Africa, 11 - 13 November 2019. The Africa Investment Forum aims to raise capital for transformational investment opportunities across Africa.African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor
06-Aug-2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project.
Namibia hails milestone as it launches expanded Walvis Bay Port
05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation.
Madagascar : Transformer le pays en plateforme commerciale régionale avec la Banque africaine de développement
05-Aug-2019 - Abidjan, Côte d’Ivoire, le 5 août 2019 - La Banque africaine de développement organise, du 5 au 7 août 2019, à Madagascar, un atelier de lancement du Projet d’aménagement de corridors et facilitation du commerce (PACFC). Cet atelier veut examiner avec le gouvernement malgache, les dispositions nécessaires à la mise en œuvre du projet, signé en décembre 2018.Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work
05-Aug-2019 - The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st century skills provision, and by embracing innovation and...
Maroc : La Banque africaine de développement renforce son engagement avec la Société civile d’Afrique du Nord
02-Aug-2019 - Abidjan, Côte d’Ivoire, le 25 juillet 2019 - La Banque africaine de développement (BAD) a organisé à Marrakech, du 25 au 28 juillet 2019, la deuxième Université d’été des jeunes leaders de la Société civile africaine sur le thème « Jeunes, innovation et développement en Afrique ». L’événement était porté par la Division société civile et engagement communautaire de la Banque, en collaboration avec le Centre de développement de la Région de Tensift (CDRT) au Maroc, qui fait office de point focal Afrique du Nord du Comité BAD-Société civile.
Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures
02-Aug-2019 - Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires.
Liberia President George Weah moots new agricultural bank to revolutionise economy
26-Jul-2019 - Monrovia, Liberia, 26 July 2019 : Liberian President George Weah has supported calls for agriculture to play a larger role in his country’s economy. Speaking on 25th July 2019 at a donor meeting with African Development Bank President, Akinwumi Adesina, Weah said his government was contemplating the establishment of an agricultural bank. Adesina was quick to advise that such a bank should be called an “agribusiness” bank to acknowledge the economic benefits of the transition from primary production to industrial marketing.African Development Bank helps to modernise South Sudan’s financial systems
26-Jul-2019 - The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development Strategy 2018-2021; the latter confirms the need to restore and maintain economic infrastructure.Tripartite Signing Ceremony of the African Development Bank-funded Project: Greater Banjul Area: Sustainable Urban Development Programme 2020-40 (GBA-SUDP)
26-Jul-2019 - The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency of the three municipalities (Banjul, Kanifing and Brikama), and also provide support to the Banjul port expansion.
Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth
26-Jul-2019 - Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition.