Chief Economist's Office

12-Mar-2018

African Development Bank Group to launch premier Regional Economic Outlook for West Africa

Following the successful launch of the 2018 edition of its flagship African Economic Outlook, the African Development Bank will on Monday, March 12, 2018 launch the regional versions of the Report. This is the first time in the African Economic Outlook’s 15-year history that an economic outlook report for each one of the Bank’s 5 regions in Africa has been prepared to complement the main report. The Regional Economic Outlook Report for West Africa – a premiere “The African Economic Outlook is a flagship Bank publication. It is highly regarded by policy makers,...
12-Mar-2018

African Development Bank launches premier Regional Economic Outlook for Central Africa region

Following the successful launch of the 2018 edition of its flagship African Economic Outlook, the African Development Bank will on Monday, March 12, 2018 launch the regional versions of the Report. This is the first time in the African Economic Outlook’s 15-year history that  an economic outlook report for each one of the Bank’s 5 regions in Africa has been prepared to complement the main report. The Regional Economic Outlook Report for Central Africa – a premiere The Central Africa regional economic outlook covers issues peculiar to the region. “The African Economic...
12-Mar-2018

African Development Bank Group's premier Regional Economic Outlook for South Africa region for launch

Following the successful launch of the 2018 edition of its flagship African Economic Outlook, the African Development Bank will on Monday, March 12, 2018 launch the regional versions of the Report. This is the first time in the African Economic Outlook’s 15-year history that an economic outlook report for each one of the Bank’s 5 regions in Africa has been prepared to complement the main report. The Regional Economic Outlook Report for the Southern Africa – a premiere “The African Economic Outlook is a flagship Bank publication. It is highly regarded by policy makers,...
12-Mar-2018

African Development Bank Group launches Regional Economic Outlook for East Africa region

Following the successful launch of the 2018 edition of its flagship African Economic Outlook, the African Development will on Monday, March 12, 2018 launch the regional versions of the Report. This is the first time in the African Economic Outlook’s 15-year history that an economic outlook report for each one of the Bank’s 5 regions in Africa has been prepared to complement the main report. The Regional Economic Outlook Report for East Africa – a premiere “The African Economic Outlook is a flagship Bank publication. It is highly regarded by policy makers, researchers...
12-Mar-2018

African Development Bank Group's premier Regional Economic Outlook for North Africa region for launch

Following the successful launch of the 2018 edition of its flagship African Economic Outlook, the African Development will on Monday, March 12, 2018 launch the regional versions of the Report. This is the first time in the African Economic Outlook’s 15-year history that  that an economic outlook report for each one of the Bank’s 5 regions in Africa has been prepared to complement the main report. The Regional Economic Outlook Report for the North Africa – a premiere The Northern Africa region economic analysis covers specific features, including challenges, successes...
17-Jan-2018

2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization

The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do...
04-Dec-2017

Africa must look inwards for workable solutions to its governance challenges

To achieve structural transformation on the continent, Africa must look for homegrown solutions and learn from its own experience, participants at the 12th African Economic Conference (AEC) heard Monday in Addis Ababa, Ethiopia. This, according to high-level speakers from the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), is key to unlocking Africa’s potential and advancing its prosperity. The three agencies, therefore, pledged their readiness to support the continent’s...
02-Oct-2017

Mbembe makes a strong case for African integration through open borders

Renowned African historian, Joseph Achille Mbembe, has made a solid case for Africa’s integration through open borders that allow free movement of people on the continent. “History tells us that the first thing you do to incapacitate people is to restrict their ability to move.  Mobility allowed the stretching of societies; was determinant to trade and to building African civilizations,” Mbembe said. The erudite scholar made these arguments at the 21st edition of the African Development Bank’s Eminent Speakers series at the Bank’s headquarters in Abidjan on the theme, “...
14-Jul-2017

Team AfDB at the “Olympics of Economics”

It was during a beautiful breathy summer in Santa Fe, Mexico City, that the 18th International Economic Association (IEA) World Congress was held between 19 and 24, June 2017. Seating 2,2oo meters above sea-level, this white-collar business district in the South Western hills of Mexico City harbors modern high-rise office and apartment buildings occupied by multinational corporations such as Nissan, Toyota, Hyundai, Kia and many others. Within a radius of 5 kilometers of the Congress venue, there are more than 10 shopping malls including the largest Shopping Mall (Centro Comercial...
11-Jul-2016

AfDB announces the appointment of Dr. Celestin Monga as Chief Economist and Vice President, Economic Governance and Knowledge Management

The African Development Bank (AfDB) on Sunday, 10 July 2016 announced the appointment of Dr. Celestin Monga, a Cameroonian national and currently the Managing Director at the United Nations Industrial Development Organization (UNIDO), as the Bank’s Chief Economist and Vice President, Economic Governance and Knowledge Management. Monga has held various board and senior executive positions in academia, financial services and international development institutions. He graduated with a Master’s degree from the University of Sorbonne in Paris, was a Mason Fellow at Harvard...
21-Aug-2015

Inaugural Meles Zenawi Foundation Symposium focuses on “The African Democratic Developmental State”

Inaugural Meles Zenawi Foundation Symposium focuses on “The African Democratic Developmental State” The inaugural Meles Zenawi Foundation (MZF) symposium on development took place in Kigali, Rwanda’s capital, on August 21, 2015. The symposium was a partnership between the MZF, the African Development Bank (AfDB) and the Rwandan Government. The forum was organized to explore ways in which the continent can achieve economic growth as well as social development. The theme will be “The African Democratic Developmental State.” The AfDB was represented by President Donald Kaberuka and four...
20-Aug-2015

Meles Zenawi Foundation holds inaugural symposium on the African Democratic Developmental State

The Meles Zenawi Foundation in partnership with the African Development Bank (AfDB) and the Government of Rwanda is holding its inaugural symposium on August 21, in Kigali, Rwanda, under the theme “The African Democratic Developmental State.” Inspired by the late Ethiopian Prime Minister’s commitment to the state’s prominent role in building robust accountable institutions and facilitating rapid sustainable development, the symposium aims to foster rigorous intellectual debate on issues related to development. The symposium’s keynote panel titled “The State and Africa’s...
19-Aug-2015

Kayizzi-Mugerwa presents paper at the Nigerian Economic Society Annual Lecture in Abuja

African Development Bank Acting Chief Economist and Vice-President Steve Kayizzi-Mugerwa was guest speaker at the annual lecture of the Nigerian Economic Society on Thursday, August 13. In his presentation, Kayizzi-Mugerwa presented a paper titled “Development State in Africa – The Quest for Inclusive Growth and Economic Transformation”, highlighting the key attributes and lingering issues of a developmental state. The presentation suggested the priorities of the development state in Africa are the elimination of poverty, utilization of resources for the betterment of the African...
04-Aug-2015

AfDB – KOAFEC Next African Leader Programme / 2016 Spring Graduate Admissions

The African Development Bank (AfDB), the African Development Fund (ADF) and the Government of the Republic of Korea signed a 2007 Technical Cooperation Agreement on Korea-Africa Economic Cooperation (KOAFEC). Based on this, the African Development Institute (EADI) of the AfDB has been overseeing “The Next African Leader Programme” with grant support from the KOAFEC Trust Fund under the Human Resources Development pillar. This programme is being implemented in Korea with the Korea Advanced Institute of Science & Technology (KAIST). Beyond earning advanced degrees in ICT, the students...
07-May-2015

‘Africa and the new global landscape’: AfDB announces theme and agenda for 2015 Annual Meetings

The 2015 Annual Meetings of the African Development Bank will explore the theme of ‘Africa and the new global landscape’, with special focus on Africa’s approach to three critical global developments in 2015.   These are the international conference on Financing for Development, to be held in Addis Ababa, Ethiopia, in July 2015; the UN conference on Sustainable Development Goals set for September 2015 in New York; and the UN Climate Change conference (COP21) to be held in Paris, in December 2015.  The Annual Meetings – the first since the Bank returned to its...
25-Mar-2015

Favourable trade terms will help African countries become emerging economies, says Chief Economist

The issue of enhancing trade is key to helping African countries become emerging economies, African Development Bank’s Acting Chief Economist and Vice-President said during the recent International Conference on the Emergence of Africa. “Creating favourable terms for trade and enhancing trade relations with other countries should be a critical agenda for an emerging Africa,” Steve Kayizzi-Mugerwa said Wednesday, March 18, on the opening day of the three-day meeting in Abidjan, Côte d’Ivoire. Co-organized by the United Nations Development Programme and the Government of Côte d’Ivoire, in...
10-Feb-2015

Leveraging extractive industries for the benefit of all: AfDB shares its expertise at global mining event in Cape Town

The African Development Bank has a busy schedule ahead as mining companies, investors, ministers, regulators policy-makers, civil society and the world's media gather at the annual Investing in African Mining Indaba Conference in Cape Town. In addition to AfDB executives holding numerous meetings with key figures in the extractives industry throughout the conference, which runs February 9-12, the Bank is hosting three events. Representatives from the Bank's African Legal Support Facility (ALSF), African Natural Resources Center, Economics and Development Research...
03-Dec-2014

AfDB releases report on trade finance in Africa

Trade finance is essential for international trade. This financial intermediation helps firms to manage risks inherent in international transactions, improve their liquidity and enable them to optimally invest to enhance their growth. It is for this reason that, in 2013, the Board of the African Development Bank (AfDB) approved a US $1-billion trade finance (TF) program to support African trade and provide financing to underserved African-based financial institutions and enterprises. Despite its importance, there is a great deal we do not know about the trade finance market in Africa. This...
02-Nov-2014

Panelists highlight knowledge and innovation as critical for sustained growth

The African Economic Conference, jointly organized each year by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), opened on November 1 in Addis Ababa with the first plenary session focusing on the conference theme of “Knowledge and innovation for Africa’s transformation.” Panelists established that, for Africa to meet challenges of water, agriculture, education, health, sanitation, environment, gender inequality and its participation in the global economy, increased scientific and technical...
27-Oct-2014

Innovation key to Africa’s development, says AfDB Acting Chief Economist and Vice-President

“A focus on knowledge and innovation and how they impact Africa’s transformation will help draw out a number of insights that rarely emanate from such conferences” – Steve Kayizzi-Mugerwa As the African Development Bank’s Acting Chief Economist and Vice-President, Steve Kayizzi-Mugerwa supervises the Complex of the Chief Economist, which oversees three main business lines: research and knowledge creation; statistics and statistical capacity building; and enhancing development effectiveness through capacity building. Kayizzi-Mugerwa has a long and extensive experience in economic...