Press Releases
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Highlights: Day 1 of the African Development Bank’s 2020 Annual Meeting
27-Aug-2020 - The opening day of the African Development Bank’s 2020 55th Annual meeting showcased the strong relationship between Africa’s pre-eminent financial institution and its host country, Côte d’Ivoire. The meeting, held virtually for the first time to comply with COVID-19 pandemic social-distancing guidelines, caps a productive but ultimately challenging year for the institution and the countries it serves.2020 Annual meetings: Message from Ms. Niale Kaba
26-Aug-2020 - Message from Ms. Niale Kaba. Minister for Planning and Development, Côte d'Ivoire, President of the Board of Governors of the African Development Bank Group.2020 Annual meetings: A message from Dr. Akinwumi A. Adesina
26-Aug-2020 - A message from Dr. Akinwumi A. Adesina, President of the African Development Bank Group2020 Annual meetings : Message from Ms. Marie-Laure Akin-Olugbade
26-Aug-2020 - Message from Ms. Marie-Laure Akin-Olugbade Director General for the African Development Bank's West Africa Region.
2020 Annual Meetings: African Development Bank President Akinwumi Adesina seeks a second term “to serve Africa”
26-Aug-2020 - African Development Bank President Akinwumi Adesina on Wednesday made a case for his re-election as head of the institution, saying that he wanted to fulfil “his sense of duty and commitment.” Adesina recalled that his current five-year term as head of the African Development Bank Group was marked by the implementation of five strategic priorities for the continent’s development, known as the “High 5s.”
2020 Annual Meetings of the African Development Bank: a renewed commitment to economic resilience in Africa
26-Aug-2020 - The 55th Annual Meetings of the African Development Bank and the 46th meetings of the Board of Governors of the African Development Fund (ADF) began in Abidjan, Côte d’Ivoire, on Wednesday, 26 August 2020. In his opening speech, the President of Côte d’Ivoire, Alassane Ouattara, highlighted the unusual context of this year’s Annual Meetings, taking place against the backdrop of the COVID-19 pandemic. He also underscored the Bank’s critical support for his country and other regional members.African Development Bank debars four companies involved in fraudulent and collusive practices for 24 months
20-Aug-2020 - The African Development Bank Group on 20 August 2020, announces the 24-month debarment of Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited. All four companies are registered in Nigeria.
Ivorian Green Cluster of SMEs names African Development Bank a 2020 Green Champion
18-Aug-2020 - (left to right) Marc Daubrey, Green Cluster - CI President giving the prize to Arona Soumaré, African Development Bank The Green Cluster of SMEs in Côte d'Ivoire has awarded the African Development Bank a prize for the best technical and financial partner committed to promoting the green economy and supporting small and medium-sized enterprises (SMEs) toward a low-carbon transition.
African Union Commission inaugurates AfCFTA permanent secretariat as launchpad for Africa’s economic transformation
18-Aug-2020 - At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda. “The economic integration of Africa will lay strong foundations for an Africa beyond aid. Africa’s new sense of urgency and aspiration of true self-reliance will be amply demonstrated by today’s ceremony,” Akufo-Addo said.
‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials
13-Aug-2020 - The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate Africa’s development.
Climate financing by leading multilateral development banks tops $61.6 billion
06-Aug-2020 - Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance.La Banque africaine de développement à travers le Fond pour l'énergie durable pour l'Afrique et d’autres partenaires échangent sur le développement du marché du mini-réseau vert en Guinée
03-Aug-2020 - La Banque africaine de développement à travers le Fond pour l'énergie durable pour l'Afrique (SEFA) a organisé, le 22 juillet dernier à Conakry, un webinaire autour du rapport d'évaluation du marché de mini-réseau verts en Guinée, réalisé par le cabinet Carbon Trust dans le cadre de la mise en œuvre du Programme de développement du marché des mini-réseaux verts (PDM MRV).La Banque africaine de développement accorde 60 millions d’euros au Bénin, au Togo et à la Guinée pour lutter contre la pandémie du Covid-19
30-Jul-2020 - Le Conseil d’administration de la Banque africaine de développement a accordé, vendredi 24 juillet, à Abidjan, une aide de 60,32 millions d’euros (49,1 millions d’unités de compte) au Bénin, au Togo et à la Guinée destinée au financement du Programme multi-pays d’appui à la réponse à la pandémie de Covid-19 (PARCovid-19).In Lesotho, An African Development Bank project enhances primary and secondary school education - report
29-Jul-2020 - An education project in Lesotho, financed by the African Development Bank and implemented between 2008 and 2016, has provided the country with new primary and secondary school infrastructure and teacher training to enhance educational quality, according to a recently published report by Bank.
African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region
27-Jul-2020 - A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African Development Bank said in its new Southern Africa Regional Economic Outlook. In the worst-case scenario, growth in Southern Africa would fall to -6.6% in 2020 before recovering to 2.2% in 2021.
Djibouti: African Development Fund commits $41.16 million in grants to shore up COVID-19 response
24-Jul-2020 - The African Development Bank on Friday approved grants worth about $41.16 million to Djibouti to bolster the national budget in support of government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund grant for $4.12 million and a $37.04 million grant from the Bank’s Regional Operations Envelope. The Bank is providing the funding under its COVID-19 Response Facility.
Somalia: African Development Bank grants of $25 million will bolster budget for COVID-19 responses
24-Jul-2020 - The African Development Bank today approved grants worth $25.1 million to Somalia to bolster the national budget for government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding, comprised a $10.04 million grant from Pillar 1 of the Bank’s Transition Support Facility and a $15.06 million grant from the Regional Operations Envelope, comes under the umbrella of the Bank’s COVID-19 Response Facility.