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27-Sep-2019

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25-Feb-2018

President Adesina leads Bank delegation to Nordic countries

A high level delegation from the African Development Bank delegation led  by its President, Akinwumi Adesina, will early next week visit four Nordic countries as part of efforts to further accelerate the implementation of the High 5 operational priorities of its 10-Year Strategy. The Bank’s priorities are crucial  in transforming the lives of African peoples, and are in line with the United Nations agenda on Sustainable Development Goals (SDGs) as well as the international development policy of the Nordic countries. The visit,...
19-Jun-2017

AfDB, African Legal Support Facility lead call for energy in Africa at Copenhagen forum

The African Legal Support Facility (ALSF) and the African Development Bank (AfDB) are leading renewed calls for global investment towards an electrified Africa. They made the call at the 19th Africa Energy Forum concluded recently in Copenhagen, Denmark, June 7-9. “We are all looking at the same pipelines throughout the continent. As a result, there exist obvious areas of cooperation,” said João Duarte Cunha, AfDB’s Chief Climate Finance Officer. The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors and serves...
09-Jun-2016

AfDB highlights critical role of private sector in sustainable development

The African Development Bank’s strategy to involve the private sector in providing sustainable energy solution was the focus of this year’s Global Green Growth Forum (3GF) in Copenhagen, Denmark. At a June 7, 2016 panel discussion on “Accelerating Financial Investments in Sustainable Growth”, the AfDB President Akinwumi Adesina stressed the importance of ensuring mechanisms that will encourage private sector investment in sustainable development. “We need to provide a robust framework though which we can accelerate financial investments in sustainable development,” he said. “Lake...
06-Jun-2016

Bank strengthens Nordic partnerships – “our priorities are aligned”

The African Development Bank strengthens its longstanding partnerships with the Nordic countries this week as a high-level delegation, led by its President, Akinwumi Adesina, visits Norway, Denmark, Finland and Sweden. "The Nordic countries are strong supporters of the African Development Bank, and they also contribute significantly to the African Development Fund. The Bank's strategies are perfectly in line with the Nordic countries' priorities. Together, we are striving to reduce poverty in Africa," said Adesina. The June 6-9, 2016 visit will see Adesina hold talks with Government...
16-Oct-2015

AfDB launches African Economic Outlook 2015 report in Nordic capitals

The African Development Bank has just concluded three back-to-back African Economic Outlook 2015 information seminars in the Nordic capitals of Oslo, Copenhagen and Helsinki. The seminars followed an invitation extended to the Bank’s Development Research Department in June by a visiting Danish delegation from the Ministry of Foreign Affairs to launch the AEO 2015 report in the Nordic countries. The AfDB mission included Heikki Tuunanen, Executive Director for Denmark, Finland, Norway, Sweden and India; Abebe Shimeles, Acting Director, Development Research Department; and Anthony...
02-Jul-2014

SEFA and AREF reach out to Nordic investors in renewable energy

The promotion of renewable energy in Africa was the focus of a seminar entitled Opportunity Africa: Sustainable Energy Investments held on June 24 and 25 in Copenhagen, Denmark. The gathering was jointly organized by the Danish Development Agency (DANIDA), UNEP Risoe Centre and the African Development Bank (AfDB). The participants discussed new investment opportunities in sustainable energy in Africa, with participation from Nordic private sector, African project developers, and representatives of the AfDB. In particular, the event presented the opportunities offered by the specific...
23-Sep-2013

Sustainable Energy Fund for Africa scales-up operations with USAID support

The Board of the African Development Bank (AfDB) approved the conversion of the Sustainable Energy Fund for Africa (SEFA) – a bilateral trust fund established with funding from the Government of Denmark and administered by the AfDB – into a multi-donor trust fund with a wider remit. With this conversion, the United States Agency for International Development (USAID) will become the second anchor donor and make a financial contribution as part of President Obama’s Power Africa Initiative, while also opening the door for other donors interested in promoting private-sector led investments in...
02-Sep-2013

Denmark Contributes US $1.8 Million to Africa Agriculture Fast Track Fund

The Government of Denmark has announced a contribution DKK 10 million (approximately US $1.8 million) to the Agriculture Fast Track Fund to Spur Investment in the development of African agriculture infrastructure. The announcement was made on Wednesday, August 28, 2013 in Copenhagen by Denmark’s Development Cooperation Minister, Christian Friis Bach, during the visit to the country by the President of the African Development Bank Group, Donald Kaberuka. The Agriculture Fast Track Fund (AFT) is a US $26.8-million first-of-its-kind fund set up to spur greater private investment in...
02-Sep-2013

AfDB President Kaberuka Visits Nordic Countries, Garners Support for AfDB Funding Activities

The President of the African Development Bank (AfDB) Group, Donald Kaberuka, this week made an official visit to the Nordic member countries of the Bank Group to discuss the institution’s Strategy 2013-2022, its transformation agenda and the impeding return of the Bank to its headquarters in Abidjan, Côte d’Ivoire, among other issues. On the occasion, President Kaberuka discussed the forthcoming 13th replenishment of the African Development Fund (ADF), the concessionary loan window of the Group financed by its Non-Regional Member Countries that includes the Nordic countries – Denmark,...
31-May-2013

International Award Recognizes Innovative Use of Development Aid in Africa

The African Guarantee Fund (AGF), which was established as part of the Danish Africa Commission in 2008, was last night awarded the African Banker Awards 2013 in the category of “Financial Inclusion”. The prize was awarded during the annual meeting of the African Development Bank in Marrakech, Morocco. The award is an important acknowledgment of the key role that small and medium-sized enterprises play in fostering growth in Africa and of the potential of public-private partnerships. The President of the African Development Bank, Donald Kaberuka states: “The AGF has only been...
21-Mar-2012

AfDB to host the Friends of Zimbabwe Roundtable in Tunis

The African Development Bank (AfDB) will host the Friends of Zimbabwe Roundtable, to discuss economic and political developments in the country on 23 March. The meeting will also focus on the prospects of dealing with the country's external debt arreears.  The presentation of the Zimbabwe Accelerated Arrears, Debt and Development Strategy (ZAADDS) is a useful framework to address the issue of Zimbabwe’s external debt. ZAADDS is a key element of the government’s economic reform agenda. “It is clear that Zimbabwe cannot rehabilitate its infrastructure and move forward with its socio-...
16-Mar-2012

Statement to the 50th Anniversary of DANIDA by the AfDB President Donald Kaberuka

Event: DANIDA 50th Anniversary Denmark was an early member of the “0.7% club” and we can all be proud of Denmark’s contribution in fighting poverty across the world. At a time such as this, temptation is to draw up a balance sheet. Where did we succeed? Where could we have done better? And, above all, why should we go on; after all we have a mountain of our own challenges. To this, one may also prefer the mountain climber’s approach. Look, how far we have come and how much is left to the summit. Three years ago, the global economy came close to meltdown. That remains one of the...
15-Jul-2011

AfDB and Denmark: Technical Cooperation Agreement on Sustainable Energy Fund for Africa

The Board of Directors of the African Development Bank (AfDB) has approved a technical cooperation agreement with the Government of Denmark for the establishment of a sustainable energy fund for Africa (SEFA) for capacity building and investment in sustainable energy over a five-year period. The budget for the fund is set at a DKK 300 million (equivalent to USD 57 million). The objective of this Fund is to provide technical capacity building and investment capital to support the provision of sustainable energy to SMEs in Africa. SEFA seeks to serve the overall purpose of generating...
16-Dec-2009

COP 15: The President Exchanges with the Group of African Negotiators

While in Copenhagen where he was leading the AfDB delegation to the UN climate summit, Bank Group President, Donald Kaberuka, addressed African negotiators during a plenary session. Mr. Kaberuka was in Copenhagen “first and foremost to encourage African participants.” The AfDB is strongly supporting the negotiators and the strategy adopted by African leaders and their “lead negotiator”, Ethiopian Prime Minister, Meles Zenawi. During the meeting, Mr. Kaberuka provided a detailed account of Bank Group actions on climate change. He underscored that it was not possible to dissociate the...
16-Dec-2009

Climate Change: African Leaders Call for the AfDB to Play a Key Role for Africa

In speeches delivered on 16 December 2009 in Copenhagen, African leaders have called for an increased presence of the AfDB in Africa on climate change. These leaders, including Wangari Maathai, Nobel Peace Prize and Co-Chair of the Congo Basin Forest Fund, wish that African leading institutions, such as the AfDB, plays a central role. Zenawi, speaking on behalf of the 53-nation Africa Group, also said that the money should be placed in a trust fund administered by the African Development Bank under the auspices of an autonomous board of trustees composed by an equal number of donor and...
11-Dec-2009

The AfDB President and the Copenhagen Conference

On Monday 14 December 2009, the AfDB held two major events in Copenhagen, on the sidelines of the climate change conference (7-18 December 2009). The day commenced with the Bank Group President, Donald Kaberuka, having a luncheon with the press. Mr. Kaberuka presented his expectations of the Copenhagen conference during the luncheon. He presented, in particular, the Bank’s vision regarding climate change, adding that the issue of climate change could not be dissociated from development challenges. He recalled Bank assistance to Africa’s position in the negotiations. The first event...
11-Dec-2009

AfDB at COP 15

Although the Bank has an observer status at the UNFCCC and cannot be involved in the negotiations, it is visibly participating at Conference of Parties (COP 15). The Bank is taking the following key messages to the COP: Climate change is a threat to development and poverty reduction on the continent, and immediate efforts and immediate priorities should be geared towards achieving the continent’s development goals. There is a need for broad adaptation measures, within a sustainable development framework to tackle climate change impact on the continent. Opportunities to grow low-...
07-Dec-2009

Africa Speaks with One Voice on the Issue of Climate Change

Interview with Anthony Okon Nyong, Head of Unit, Gender, Climate Change and Sustainable Development, AfDB Question : How important is the issue of climate change for Africa? Answer: African nations, in both absolute and per capita terms, are not significant sources of emissions on a global scale, but bear a disproportionately larger negative impact of climate change. Climate change poses an additional burden to the continent, which is currently grappling with the challenge of meeting basic developmental needs. In fact, the continent is at risk of a reversal of the modest gains made...
07-Dec-2009

COP15-Climate Change Conference: An Opportunity for Africa

Kaberuka: Africa Needs USD 40 Billion/Year in Climate Aid Climate change costing Africa nearly 3 percent of GDP In an interview with Reuters news agency, held on 7 December 2009, AfDB President Donald Kaberuka declared that rich nations at the Copenhagen climate summit should commit USD 40 billion a year in new money to help Africa tackle the consequences of global warming. Climate change is costing this continent almost 3 percent of GDP (gross domestic product) per year, said the President, equivalent to about USD 40 billion on an annual basis. Negotiations began on 7...