Canada

05-Jun-2019

University of Alberta awards Akinwumi Adesina honorary doctorate

“You will achieve great things in life,  but always remember: humility is what will make you stand out,” African Development Bank President Akinwumi Adesina told the University of Alberta's graduating class of 2019. In his convocation speech, Adesina commended the recent graduates for completing their degrees, which he said, had set them on a course of success. He cautioned that “Success is not measured by degrees earned, positions held, or titles received. Success is neither measured by how much money you make, nor is it measured by the standards of others … it is about making a...
12-Apr-2019

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality. “I am happy to say that today, Canada is demonstrating its commitment to African countries and our confidence in the African Development Bank by announcing that we are going to subscribe up to US$ 1.1 billion in temporary callable capital, if...
20-Sep-2018

Speech by Dr. Akinwumi A. Adesina, President, African Development Bank Group, at the North America Launch of the Africa Investment Forum, Toronto - September 19, 2018

Your Excellencies Distinguished Guests Ladies and Gentlemen Good morning - and thank you for joining us. I am delighted that many chief Executives of major companies in Canada and numerous institutional and private investors are here with us today. We could not have asked for a better company.  It’s great to be in Canada. I have always been a great admirer of Canada: its entrepreneurial spirit, its determination, its openness, and its relentless pursuit of human dignity. There is no better way to assure human dignity than through unlocking our God-given potentials....
20-Sep-2018

Adesina wraps up Canada visit with a plea in Calgary: “Africa cannot be ignored”

“Given the size of its markets, growth, and huge potential across multiple sectors, Africa cannot be ignored.” This was the African Development Bank President, Akinwumi Adesina’s message at a public and private sector investor roundtable on Thursday in Calgary. Addressing institutional investors, private sector representatives and provincial government officials in Alberta, Adesina said “We want to make sure investment in Africa can mirror a smooth plane touchdown and that your journey into Africa is not a bumpy ride.” “Look at Africa from a different lens. For too long Africa has been...
19-Sep-2018

Remarks by Dr. Akinwumi A. Adesina, President of the African Development Bank at the meeting with Ambassadors in Ottawa, Canada - September 18, 2018

Your Excellencies, I thank you for your gracious acceptance of our invitation to this meeting. It is an honour to address you, and I am delighted to meet with you and hope this is the first of many such engagements with you. Allow me to share with you findings of the Bank’s flagship report, the African Economic Outlook (AEO) 2018, which contains detailed analysis and data on the performance of African economies. The Report also shows that African economies remain resilient despite the global economic headwinds, and climate and regional shocks. The economic situation and trends for...
19-Sep-2018

African Development Bank President Adesina urges Canada to be present at Africa’s investment table

African Development Bank President, Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Business in Toronto. Promoting the Bank’s upcoming Africa Investment Forum (AIF), scheduled for 7-9 November 2018 in Johannesburg, South Africa, Adesina said, “Canada must not be missing at Africa’s investment table. It is time to change the lens through which Africa is perceived and to make clear distinctions...
18-Sep-2018

What could women do with $ 3 billion?

Your Excellencies, distinguished ladies and gentlemen. Good afternoon! It is such a great pleasure to be here for this landmark occasion. Let me first congratulate Prime Minister Justin Trudeau; Minister of International Development, Marie Claude Bibeau; and Mr. Paul Lamontagne, on the inauguration of FinDev Canada today. Your focus on women for this inauguration event is commendable. Canada is leading the way globally by example, with its Feminist International Assistance Policy. This is a great policy! It puts women and girls at the center of development. That is exactly the way it...
18-Sep-2018

African Development Bank, Mariner Investment Group, and Africa50 Price Landmark $1 Billion Impact Securitization

The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors, pioneering the use of securitization and credit risk transfer technology to a new and previously unexplored segment of the financial markets. Structured as a synthetic...
17-Sep-2018

“The status quo must change.” - Adesina tells FinDev Canada conference in Montreal

“No country can possibly move forward in the 21st century if it leaves half of its talent on the sidelines,” African Development President, Akinwumi Adesina told delegates at the launch of FinDev Canada, in Montreal, while making the Bank’s case for supporting women. FinDev Canada is a subsidiary of Export Development Canada (EDC), the country’s export credit agency. Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets. According to Honourable Marie-Claude Bibeau, Minister of International Development, “With its...
17-Sep-2018

African Development Bank President Adesina to embark on four-day working visit to Canada to strengthen bilateral ties

The President of the African Development Bank, Dr. Akinwumi Adesina, will lead a delegation to Canada from 17-20 September, along with David Stevenson, Executive Director at the Bank representing Canada, China, Republic of Korea, Turkey and Kuwait.  Other senior members of the delegation include Stella Kilonzo, Senior Director of the Africa Investment Forum; Vanessa Moungar, Director for Gender, Women and Civil Society; and Timothy Turner, Group Chief Risk Officer.   During his visit, President Adesina will hold several meetings with Canadian government officials...
17-Aug-2018

African Development Bank and Canada share commitment to women’s empowerment on the continent

On her first visit to the West African nation of Côte d’Ivoire, Canada’s Minister of International Development, Marie-Claude Bibeau, and the President of the African Development Bank, Akinwumi Adesina, shared a common vision and commitment to the advancement of women and girls on the continent. Both officials met at the Bank’s headquarters in Abidjan, following the Minister’s visit to a Bank-financed rural agriculture project in Abengourou, Côte d’Ivoire, earlier in the day. Bibeau, Adesina and other senior management members exchanged views on wide ranging issues including gender...
16-Aug-2018

Canadian Minister of International Development visits African Development Bank in Côte d’Ivoire, reinforces Canada’s role in Africa

Beneficiaries of PAIA-ID, an African Development Bank-financed agriculture project in rural Côte d’Ivoire. At the invitation of the Government of Côte d’Ivoire and the African Development Bank Group President, Dr. Akinwumi A. Adesina, Canada’s Minister for International Development, the Honourable Marie-Claude Bibeau, will be visiting Côte d’Ivoire to strengthen relations with the African Development Bank Group, of which Canada is the fourth-largest shareholder among non-regional member countries. The visit includes a half-day tour of a Bank-financed...
13-Feb-2018

African Legal Support Facility launches PPP capacity-building course for Nigerian Government officials

The African Legal Support Facility (ALSF) has launched a suite of capacity-building workshops which aim to strengthen the capacity of Nigerian Government officials in the area of public-private partnerships, particularly as they relate to infrastructure development. Organized on the basis of a cost-sharing grant provided by the ALSF to the Government of Nigeria on January 23-25, the first training event was designed to demystify the process of identifying and structuring public-private partnership infrastructure projects, and was co-hosted with the Nigerian Federal Ministry of Finance....
28-Nov-2017

ALSF Management Board reviews Facility’s activities and future programs

The Management Board of the African Legal Support Facility (ALSF) met in Abidjan last week and reviewed the Facility’s work during the past year. The Board also addressed institutional matters and established priority plans for 2018. The Effectiveness Review of the Facility’s operations was conducted in order to provide stakeholders with a broad and thorough account of the outcomes, achievements, and staff performance during 2016. Have the Facility’s projects upheld its core values and are they aligned with the development strategies of Regional Member Countries (RMCs)? What impact have...
17-Nov-2016

NEPAD Infrastructure Project Preparation Facility urges Canadian businesses to seize investment opportunities in Africa

Canadian businesses attending a Business Opportunities Seminar with International Finance Institutions (IFI) held in Toronto, Montreal, Calgary and Vancouver from October 18 to 21 have been urged to compete for AfDB-funded projects and tap into the immense business opportunities available in Africa. The Business Opportunities Seminar is an event aimed at companies, institutions and individual consultants interested in working on projects with the African Development Bank (AfDB); the Asian Development Bank (ADB); the World Bank (WB); the Inter-American Development Bank (IADB); and European...
20-Jun-2016

AfDB President, Quebec Premier discuss opportunities for investment, cooperation in energy, agro-industry sectors

African Development Bank Group President Akinwumi Adesina and Quebec Premier Philippe Couillard discussed opportunities on the continent for private- and public-sector investment in the areas of energy, renewable energy and agro-industry. The meeting with Couillard and Quebec’s Minister of International Relations and La Francophonie, Christine St-Pierre, took place on Thursday, June 16, on the sidelines of the 22nd International Economic Forum of the Americas - Conference of Montreal. It was the Bank President’s first official visit to Canada since assuming office on September 1, 2015....
17-Jun-2016

AfDB President brings Africa to the Americas as co-chair of the 22nd Conference of Montreal

For three days this week, African Development Bank Group President Akinwumi Adesina brought Africa to the Americas, and the AfDB to Canada, as the co-chair of the 22nd International Economic Forum of the Americas - Conference of Montreal.  The Forum closed on Thursday. It was the President’s first official visit to Canada since assuming office on September 1, 2015, and he delivered impassioned speeches that touched on issues ranging from Africa’s huge, and largely untapped, potential for renewable energy; climate change and fragility; women’s financial empowerment; youth employment;...
13-Jun-2016

“Shaping a New Era of Prosperity”

The world has never been wealthier than it is today. Yet, the levels of inequality remain high and keep increasing. To reverse this trend, collective action is needed from governments, multilateral institutions, the private sector, civil society and all stakeholders. My vision is to help open a new era of shared prosperity for all, and in particular for Africans, by spurring sustainable and inclusive growth. An era where every man, woman, youth, has an opportunity to contribute to, and benefit from, economic growth. To this end, we have to promote business-friendly reforms for the private...
13-Jun-2016

AfDB President Co-Chairs 2016 Conference of Montreal - “Shaping a New Era of Prosperity”

"The world has never been wealthier than it is today. Yet, the levels of inequality remain high and keep increasing. To reverse this trend, collective action is needed from governments, multilateral institutions, the private sector, civil society and all stakeholders." This was the message from African Development Bank President, Akinwumi Adesina, who is co-chairing the 22nd International Economic Forum of the Americas-Conference of Montreal in Montreal, Canada, from June 13-16, 2016. The Conference of Montreal is an annual forum where issues concerning economic globalization are addressed...
17-Dec-2015

Donors welcome improved performance of NEPAD-IPPF in project preparation

Donors supporting the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor funded Special Fund hosted by the African Development Bank (AfDB), have welcomed the improved performance of NEPAD-IPPF. Speaking on behalf of other donors at the 23rd Oversight Committee (OC) of the Special Fund held at the AfDB’s headquarters in Abidjan, Côte d’Ivoire, on Thursday, December 10, 2015, Edmond Wega of Canada, who is Chairman of the OC, commended the new Management and staff of NEPAD-IPPF for improved performance. Donor partners...