The African Development Bank Group (AfDB) will take part in the 9th African Development Forum, in Marrakech, Morocco, and contribute to high-level discussions aimed to address fast-tracking funding for the continent’s economic and social transformation, and seek immediate solutions to ensure a...

The Ninth African Development Forum (ADF) opened on October 13 in Marrakech with the call by the African Development Bank Group (AfDB) for stronger emphasis on infrastructure and for ownership of the Africa50 Fund, “a profit-driven entity seeking to provide risk-adjusted returns to its...

An exciting economic renaissance is under way in Africa and Eastern Africa has the opportunity to provide leadership. Over the past decade Eastern Africa has made remarkable progress in reversing the economic declines that marked the 1980s and much of the 1990s. Today, Eastern Africa is on the rise...

In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own...

Abidjan, Côte d’Ivoire, September 24, 2014 – The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 24, 2014 approved a US $29.49-million grant to help finance the first phase of the Nyakararo-Mwaro-Gitega (RN18) Road Improvement and Asphalting Project in...

New York, September 25, 2014 – On the margins of the Climate Summit in New York, the Japanese government convened the second roundtable with African Regional Economic Communities (RECs), chaired by Japanese Prime Minister Shinzo Abe, to underline the importance of regional infrastructure as an...

Good evening everyone. It is an immense privilege and honour to be with you today. My thanks to the IGC, Faculty of the LSE for the invitation to speak about Africa and investment opportunities. When Professor Collier (or Sir Paul) first broached the idea, it was not immediately obvious to...

The Sustainable Energy Fund for Africa (SEFA) approved a US $950,000 grant for the development of the WINDIGA 20 MW Solar PV power plant in Burkina Faso. The SEFA project preparation grant will support outstanding advisory activities required for financial close, including support...

Abidjan, September 15, 2014 – On September 12, 2014, The African Development Bank (AfDB) and Japan signed a concessional loan for US $300 million to support the private sector in Africa. The AfDB was represented by its President, Donald Kaberuka, and Japan by its Ambassador in Côte d’Ivoire,...