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2023 African Economic Conference - CALL FOR PAPERS
17-Aug-2023 - What: 2023 African Economic Conference – call for papers Who: African Development Bank, the Economic Commission for Africa, and the United Nations Development Programme Deadline:
Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production
16-Aug-2023 - The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement on 2 August 2023 for the implementation of the country’s Climate Resilient Wheat Value Chain Development Project (CREW).
Digital Climate Advisory Services Training to Support Climate Resilience for Smallholder Agriculture in Southern Africa
14-Aug-2023 - What: Digital Climate Advisory Services Training to Support Climate Resilience for Smallholder Agriculture in Southern Africa Who: African Development Bank, the Global Center on Adaptation, Weather Impact and Aqualinks When: 27-28 September 2023
Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and market access
10-Aug-2023 - The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country. The Bank’s Country Manager in Guinea, Léandre Bassolé and the Guinean Minister of the Economy and Finance, Moussa Cissé, signed the agreement in Conakry on 3 August 2023. The Minister of Planning and International Cooperation, Rose Pola Pricemou and the Minister of Agriculture and Livestock Farming, Mamoudou Nagnalen Barry,...
Mozambique’s $170 Million Negomano-Roma Road project unveiled, marking a major milestone in enhancing trade between Mozambique and Tanzania
10-Aug-2023 - Mozambican President Filipe Jacinto Nyusi has commissioned a key link road funded by the African Development Bank. Completion of the Negomano-Roma Road, in the country’s northern province, is already enabling communities in the Mueda district of the northern Cabo Delgado region to enjoy improved road conditions, access to health and education, and increased local economic activity.
Samia Ben Abdallah, the Tunisian entrepreneur who dreams of conquering the world with her AWA leather goods brand
09-Aug-2023 - Methodical, thoughtful and rigorous, Samia Ben Abdallah Ben Khalifa never rushes into anything. In 2017, the graduate of the National School of Architecture and Urban Design in Tunis launched her own business: AWA, for “Architect with Artisan”, a line of leather goods and various accessories.
Strengthening Domestic Resource Mobilisation in Transitional Countries through Financial Modelling for the Extractive Sector (FIMES)
09-Aug-2023 - What: Project Learning workshop on strengthening domestic resource mobilisation in transitional countries through Financial Modelling for the Extractive Sector (FIMES) Who: The African Development Bank When: 23-24 August 2023, 9:00 GMT
Fifth African Resilience Forum: Financing Security, Peace and Development for a Resilient Africa
08-Aug-2023 - What: 5th Africa Resilience Forum Who: The African Development Bank Group When: 3-5 October 2023 Where: Noom Hotel, Abidjan, Côte d’IvoireCentral African Economic Outlook 2023: Central Africa achieved the best economic performance in terms of growth, inflation and budget deficit compared with other African regions in 2022
03-Aug-2023 - Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities. The region’s growth rate was higher than the African average, which is estimated at 3.8 percent in 2022, down from 4.8 percent in 2021. It is set to settle at 4.9 percent in 2023 and 4.6 percent in 2024.
African Development Bank organises training to bolster public capacity for debt management
03-Aug-2023 - The African Development Bank Group has provided training on debt reporting, management and sustainability in Africa to financial sector experts drawn from several member countries. The training, the fifth, formed part of executive series organized quarterly by the African Development Institute's Public Finance Management Academy to strengthen the leadership skills and technical capacities of public finance managers. About 110 participants from 45 African countries attended the training. Participants commended the training.
India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa
02-Aug-2023 - The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI), housed and managed by the African Development Bank, affirming its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa.
Burundi: African Development Bank’s 2019-2023 Country Strategy Paper impactful, says evaluation team
02-Aug-2023 - The African Development Bank Group has expressed satisfaction with the implementation of its Country Strategy Paper for Burundi for 2019-2023 based on an evaluation by a Bank team led by country representative Pascal Yembiline. Approved in 2019, the CSP helped Burundi mitigate fragility and build resilience through two main pillars: support for the development and transformation of agriculture; and improvement of transport and energy infrastructure.
A development banker’s dream: African Development Bank Vice President Solomon Quaynor witnesses first-hand life-changing impacts of Africa-focused agribusiness giant
02-Aug-2023 - African Development Bank Group Vice President Solomon Quaynor has concluded a tour of Export Trade Group (ETG)’s southern Africa operations, signalling the potential for stronger partnership with the agribusiness giant to boost livelihoods on the continent.
2023 West Africa Economic Outlook: region’s economic growth falls but medium-term forecast suggests return to level above 4%
01-Aug-2023 - West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report. Launched on Thursday 27 July, the report assessed the economic performance of 15 West African countries, namely: Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.4th webinar: the role of legal support in effective debt management
31-Jul-2023 - What: 4th webinar on the role of legal support in effective debt management Who: The African Development Bank and the African Legal Support Facility When: Thursday, September14, 2023, 11 am – 12:30 pm (GMT) Where: Online. Please register here.
East Africa Regional Economic Outlook 2023: Mid-term growth for East Africa region projected highest on the continent for 2023-4
31-Jul-2023 - East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development Bank 2023 East Africa Economic Outlook. The report, launched on Thursday 27 July, projects mid-term economic growth in the region to accelerate to 5.1% in 2023 and 5.8 % in 2024, outpacing all the other African regions. This will be largely driven by growth in Rwanda, Uganda, Ethiopia, Kenya, Djibouti, and Tanzania.
Global icons Akinwumi Adesina, Ngozi Okonjo-Iweala, and Amina Mohammed receive prestigious Nigerian diaspora awards
28-Jul-2023 - African Development Bank DG Lamin Barrow (3rd from left) receives National Diaspora Merit Award for Bank President Dr Akinwumi Adesina from NIDCOM CEO Dr Abike Dabiri-Erewa (4th from left) in Abuja. Also present: Prof. Kevin Chika Urama, AfDB Chief Economist (2nd from right), Ms Lola Visser-Mabogunje, Advisor to the President (3rd from right), and other officials.
African Development Bank achieves highest rating on proposed hybrid capital issuance
28-Jul-2023 - The African Development Bank Group has received global recognition for its planned hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The S&P Global Ratings assigned an AA-rating to the Bank's initiative, the highest rating for hybrid capital. The proposed issuance would be the first ever by a multilateral development bank.
African Development Bank, UN Environment Programme, partner to drive implementation of Kunming-Montreal Global Biodiversity Framework in Africa
28-Jul-2023 - The African Development Bank is joining forces with the United Nations Environment Programme to advance implementation of the Kunming-Montreal Global Biodiversity Framework in Africa (KMGBF). The framework sets out an ambitious pathway to reach the global vision of a world living in harmony with nature by 2050.