India

25-May-2018

Sharing the Development Experiences of Africa and Asia for Sustainable and Inclusive Growth

The Asia External Representation of the African Development Bank(link is external) organized an Africa Day Joint Side Event with the  Asian Development Bank Institute, “Sharing the Development Experiences of Africa and Asia for Sustainable and Inclusive Growth”, during the Bank’s 53rd Annual Meetings and the African Development Fund’s 44th Meetings in Busan, Korea. After Tadashi Yokoyama, Head of the Bank’s Asia External Representation opened the seminar, Byong Yol Woo, Director General for International Economic Affairs at the Korean Ministry of Strategy and Finance, and Takashi...
29-May-2017

Remarks by Akinwumi A. Adesina, President of the African Development Bank, at the G7 Summit, May 26-27, 2017, Taormina, Italy

Your Excellencies, I wish to thank Prime Minister Gentiloni for inviting me to participate at this G7 Summit. It sends a major message: the G7 takes Africa seriously and sees the African Development Bank as a strategic partner. Let me thank you all in the G7 for your strong support for the African Development Bank.  The new spring in our step for Africa’s development comes from the Bank’s High 5 priorities: Light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the quality of life for the people of Africa. These High 5s...
25-May-2017

Closing Remarks by Akinwumi A. Adesina, President of the African Development Bank Group, at the Official Closing Ceremony of the 52nd Annual Meetings of the African Development Bank, May 25, 2017

The Chief Minister of Gujarat, Honorable Ministers, Governors of the Bank, Distinguished Guests, Partners, Ladies and Gentlemen. Mr. Chairman, Minister Arun Jaitley, congratulations on successfully shepherding this 52nd Annual Meetings. The way you efficiently chaired all our statutory meetings has been impressive. We are grateful to you and your staff in the Ministry of Finance of India for a job well done! From the Communiqué it is clear that you have all worked so hard. It is amazing how fast time has gone by. Four days ago we arrived here in Ahmedabad for our 52nd Annual Meetings...
01-Apr-2017

Remarks by President Akinwumi Adesina of the African Development Bank, at the Official Opening of the 2nd Annual General Meeting of the New Development Bank, April 1, 2017, New Delhi, India

Your Excellencies, Hon. Minister of Finance, Arun Jaitley, President Kundapur Vaman Kamath of the New Development Bank, President Werner Hoyer of the European Investment Bank, President Suma Chakrabarti of the European Bank for Reconstruction and Development, distinguished ladies and gentlemen. I thank President Kamath of the New Development Bank for inviting me to this 2nd Annual General Meeting of the Bank. I congratulate you and your team for the speedy take off of the New Development Bank and for already approving $1.5 billion in projects, some of them in Africa. Your investments...
16-Nov-2016

A fruitful first meeting between ADEA and India

On October 31, Oley Dibba-Wadda, ADEA Executive Secretary, met with Shri R. Ravindra, Ambassador of India to Côte d’Ivoire, Guinea and Liberia, to discuss on a potential strategic partnership. To this end, ADEA Executive Secretary also invited India to participate in the ADEA’s flagship event, which is the 2017 Triennale, to be held in Marrakech, Morocco, from March 15-17, 2017. Dibba-Wadda took the opportunity to inform Ravindra about ADEA’s activities and request the Ambassador of India to facilitate the connection with Indian education authorities to discuss on the possibility of...
22-Jun-2015

BRICS: Destination Africa - The New Development Bank - a promise of new funding?

On Wednesday, May 27, 2015, Day 3 of the African Development Bank’s 50th Annual Meetings, a panel session was dedicated to a discussion on the BRICS (Brazil, Russia, India, China and South Africa) countries. Among other issues addressed by participants, was the New Development Bank (NDB), the African Regional Centre (ARC) and the Contingent Reserve Arrangement. Contributions were made to this roundtable by South African Finance Minister Nhlanhla Nene; Deputy Governor of the Central Bank of Uganda, Louis Kasekende; Chair of the Board of the Tanzania Investment Bank (TIB), William Lyakurwa;...
29-May-2015

Africa-India partnership at the centre of discussions: an opportunity for shared experience in project financing in Africa

Africa-India Partnership Day was one of the major events of the 2015 African Development Bank Annual Meetings. Jointly organized on May 27 in Abidjan by the AfDB’s Private Sector Department and the Export-Import Bank of India, it brought together financiers, sponsors, contractors, researchers and other key actors of Africa and India’s private sector for networking and identifying business opportunities mutually beneficial for the continent and India. The Ministry of Finance of India and the Embassy of India spearheaded the event. In his plenary presentation, Exim Bank of India Managing...
07-Jul-2013

Aid for Trade: Asia’s Experience and Dialogue with Africa - Keynote address by the AfDB President Donald Kaberuka

Event: World Trade Organization’s Fourth Aid for Trade Global Review It is a great honor to speak at this side-event organized jointly by the Government of Japan, the Royal Government of Cambodia and the Asian Development Bank. The African Development Bank enjoys long standing and fruitful relations with many Asian countries. Indeed Japan, China, India and Republic of Korea, are shareholders in our Bank and have partnered with the Bank in various ways to help promote Africa’s development. The Bank manages the Japan Enhanced Private Sector Assistance for Africa initiative and...
01-Feb-2013

Africa and India: A Shared Past, A Common Future - AfDB President Donald Kaberuka

Event: Address to Indian Centre for African Studies, Jawaharlal Nehru University In the dying days of the immediate post-war period, India led the way in the fight for decolonization. Much of Africa followed suit a decade later. It is no exaggeration to say that India’s struggle for emancipation was a major influence in Africa and the rest of Asia. Professor Ali Mazrui, a leading Kenyan academic speaking at a UNESCO seminar commemorating Nehru’s hundredth anniversary in 1989, observed how Gandhi’s "satyagraha" inspired African political activists while Nehru’s ideas about positive...
31-Jan-2013

Accelerating the Transition to a Sustainable Economic Development in Africa - AfDB President Donald Kaberuka

Event: Delhi Sustainable Development Summit 2013 The Delhi Summit has become such a landmark in the defense of the “Global Commons” and for raising the alarm at the alacrity with which humanity is marching towards the “planetary boundaries”. This is not the place to restate what science tells us about the increased pressure on natural capital due to the population increase, consumption patterns and plain bad policies. In a recent IHT article, Thomas Friedman, who I know will be speaking to us later at this conference has made an interesting comparison between “the fiscal cliff”...
01-Jan-2013

Remarks to African Diplomats Accredited to New Delhi by the AfDB President Donald Kaberuka

Event: Luncheon for Members of the Diplomatic Corps accredited to New Delhi In today’s global economy we are all interrelated, interdependent. Decoupling is not possible. A 2% slowdown in the global economy implies a 1% decline in Africa’s annual growth. The ongoing crisis and concerns about economic recovery preoccupy every African country. We follow with keen interest efforts in the rich countries to restore financial stability and rekindle global growth. We applaud the strategies adopted by the large emerging markets to stimulate internal consumption to pick up the slack of lower...
14-Oct-2012

Remarks at the Opening Ceremony of the Asia External Representation Office by the AfDB President Donald Kaberuka

Event: Opening Ceremony of the Asia External Representation Office The Bank has had a longstanding and fruitful relationship with its Asian member countries – Japan, China, India and the Republic of Korea, all of which are ably represented today. These countries have been true friends of Africa and, as in the case of Japan, have partnered with the African Development Bank Group towards realizing the development objectives of African countries. In addition to the unwavering support of the Japanese Government, Japanese investors have been vital to the continued success of the Bank’s...
29-Mar-2012

AfDB and YES BANK to Hold an Indo-African Knowledge Exchange Workshop

Workshop to focus on Cross-Border Mobile Payments and Regional Financial Integration The African Development Bank Group (AfDB) and YES BANK Limited, India, will hold a joint Indo-African Knowledge Exchange Workshop on “Regulation of Cross-Border Mobile Payments and Regional Financial Integration” on 29 and 30 March, 2012 at the Hotel Trident, Mumbai. The cross-border knowledge workshop aims to create a knowledge forum for Indian and African policy makers to discuss the challenges faced by the regulation of mobile financial services across borders; share experiences on the financial...
23-Aug-2011

India - 2010 - Technical Cooperation Agreement on India-Africa Economic cooperation between the Government of the Republic of India and the AfDB and the ADF

12-May-2011

Africa Economic Brief - India’s Economic Engagement with Africa

In recent years, India’s economic partnership with African countries has been vibrant, extending beyond trade and investment to technology transfers, knowledge sharing, and skills development. Trade between India and the African countries dates back many centuries, to the time when Indian traders began to engage with countries along the eastern coast of Africa. On the political front, the liberation movements and postcolonial period laid the foundation for sociopolitical interactions between India and the African nations. It is relevant to note that the aforementioned ties were built on a...
05-Feb-2010

The 10th Delhi Sustainable Development Summit

Donald Kaberuka, President of the African Development Bank Group, was represented by: Anthony Okon Nyong, Head of Unit, Gender Climate Change and Sustainable Development Unit. The Delhi Sustainable Development Summit is a unique high level global forum organised by TERI for the analysis and debate on some of the most crucial environmental and climate change challenges being faced by humanity at large. Informed discussions among participants from governments, international agencies, corporate organisations and institutes provide critical mass, for formulation and delineation of...
09-Nov-2009

Kaberuka on Official Visit to India from 9-11 November - AfDB Strengthens Cooperation Ties with India

Tunis, 6 November 2009 – The African Development Bank (AfDB) Group President, Donald Kaberuka, will next week be on an official visit to India where he will meet senior government officials and sign a cooperation agreement with the Export-Import Bank of India (EXIM). He will also discuss future cooperation between India and Africa on railways and information technology, through a series of meetings with senior executives in this sector. Mr. Kaberuka will sign a Memorandum of Understanding (MoU) between AfDB and EXIM Bank on 9 November in New Delhi. The MoU will provide a new institutional...