Africa has produced some famous entrepreneurs over the years. The most notable among them is Ashish Thakkar, who has become a role model to youth throughout the continent.
At the young age of 32, Thakkar is recognized by Forbes Magazine as Africa’s youngest billionaire, boasting a net worth of...
2013 marked the first year of implementation of the Bank's Ten-Year Strategy for the period 2013-2022, approved in April by the Board of Directors, with the dual aims of economic inclusion and transition to green growth. Selectivity and the quest for results continue to serve as guides. In...
21-May-2014
The AfDB seeking greater operational efficiency
The African Development Bank constantly seeks operational efficiency and that is why, shortly after approval in April 2013 of the Ten-Year Strategy and its associated organisational arrangements, a new post of Chief Group Risk Manager, an African Natural Resources Centre, new departments...
Annual Meetings Website
At the first session of the African Development Bank (AfDB) Annual Meetings taking place in Kigali, representatives of the African Centre for Economic Transformation (ACET), an economic policy institute based in Ghana, presented their report entitled “Africa Transformation Report: Growth...
In only four years and with a seed fund of US $15 million the African Legal Support Facility (ALSF) has built a reputation as the go-to facility for African countries looking to negotiate or renegotiate complex commercial contracts.
Affiliated with the African Development Bank, the...
20-May-2014
Financial institutions should create more avenues for private sector funding, officials say
The private sector is crucial for the development and stability of economies on the African continent. Despite this, they are heavily challenged with the lack of funds to kick start or to grow their brilliant business ideas.
In an interactive session on Tuesday, May 20, during the...
19-May-2014
Africa needs to industrialise as franchises for made in Africa value chains beckon: AEO 2014
Africa’s social and economic conditions are progressing steadily, according to the 13th edition of Africa Economic Outlook (AEO) themed, “Global Value Chains and Africa’s Industrialisation.”
The continent has been quite resilient to regional and global headwinds that constrain economic...
Kicking off the first day of the Annual Meetings was “Tracking Africa’s Progress” on the challenges of establishing targets and making policies with insufficient or poor data. Over the years, many African countries have significantly scaled up their data collection efforts, but challenges...