The President of African Development Bank, Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan...

Your Excellences, Honorable Ministers, Ambassadors Governors of the African Development Bank Executive Directors of the African Development Bank, Business Leaders, Civil Society representatives, Leaders, Media Partners, Senior Management and Staff of the Bank, Dynamic youth and young...

The Government of Korea and the African Development Bank have signed a Letter of Intent to launch the Korea-Africa Energy Investment Facility (KEIF) to provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy. The signing, which took...

Every year since 1964, the African Development Bank Group brings together development experts and Africa’s Central Bank Governors, Finance and Economic Planning Ministers to discuss the continent’s economic fortunes. Busan, Korea’s second-largest city and industrial hub, is host to the Bank’s...

On Friday, May 25, 2018, the African Development Bank will host an open dialogue at the Bank’s Annual Meetings in Busan, Korea on the need to establish an African Financial Alliance for Climate Change (AFAC). Key representatives of financial institutions operating in...

The rapid economic development in Korea is an inspiration and a model to African economies, said African Development Bank President, Akinwumi Adesina. He made the remarks while speaking at the welcome reception of the 53rd Annual Meetings of the African Development Bank(link is external),...

Your Excellencies Distinguished Guests Ladies and Gentlemen Good morning and thank you all for coming today. I am delighted that the Premier of Gauteng Province, Mr. Malemolla Makhura, is here with us today with many leading CEOs of top African top businesses, many of them here in South...

By 2050, just 32 short years from now, Africa’s growing population will tip the scales at a whopping 2 billion, with a youth of 840 million. In the process, the continent will overtake the populations of China and India combined.  Financing Africa’s development needs will require an...

The Gauteng Province in South Africa has endorsed the African Development Bank’s November 2018 Africa Investment Forum as a world-class initiative that is uniquely positioned to transform the continent’s development landscape. Gauteng Province will host the Bank’s inaugural forum from...