United States of America

19-Oct-2019

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.  The report, Creating Livable Cities: Regional Perspectives, looks at urbanization trends across emerging and developing economies in Africa; Asia and the Pacific; Eastern Europe, Southern and Eastern Mediterranean; and Latin America and the Caribbean. It...
17-Oct-2019

Prepare for the agriculture of tomorrow, African Development Bank President challenges high school students at global symposium

Young people from around the world gathered in Des Moines Iowa at the Global Youth Institute on Thursday to interact with Nobel and World Food Prize laureates. This year, 450 exceptional high school students from 10 countries attended the three-day Global Youth Institute hosted by the World Food Prize Foundation to facilitate discussion on pressing food security and agricultural issues. The director of youth leadership development at the World Food Prize Foundation, Kelsey Tyrrell, told the young audience that African Development Bank President Akinwumi Adesina had been invited because...
15-Oct-2019

Africa Investment Forum 2019: USA roadshow generates strong interest

More than 30 U.S pension fund managers, private sector CEOs and institutional investors have signaled their strong interest in participating in the second Africa Investment Forum, scheduled to take place from 11-13 November 2019, in Johannesburg, South Africa. The Africa Investment Forum is an innovative investment marketplace spearheaded by the African Development Bank to attract capital for investment on the African continent. At a roadshow event held in New York on 27 September 2019, on the sidelines of the UN General Assembly, investors, from New York, Chicago, Atlanta, Washington...
05-Jul-2019

Gestion des ressources et transfert d’eau : une délégation du Maroc et des représentants de la Banque africaine de développement en voyage d’études aux États-Unis

Dans le cadre du don d’assistance technique « KOAFEC » accordé au Royaume du Maroc, un voyage d’études visant à appuyer le département de l’eau du Royaume dans la planification et la conception du projet de transfert d’eau Nord-Sud a été effectué du 24 au 29 juin derniers aux États-Unis. Cette visite de travail s’inscrivait dans le cadre du développement de la coopération entre le Maroc et les États-Unis dans le domaine de l’eau : réalisation, gestion et exploitation des infrastructures de stockage mais aussi transport d’eau sur de longues distances, suivi et surveillance de...
09-Apr-2019

African Development Bank President makes strong case for increased U.S. investment in Africa

Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank, Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play in increasing investments in Africa and expanding opportunities for the U.S. private sector". Acknowledging continued U.S. support for Africa, Adesina said “ Now is the time to scale up and take...
23-May-2018

African Development Bank and Korea launch the Korea-Africa Energy Investment Facility

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 place on Tuesday, May 22, 2018 during the Korea-Africa Economic Cooperation (“KOAFEC”) meeting at the African Development Bank’s Annual Meetings in Busan, builds on the 2016 KOAFEC Ministerial Conference, which recognized enhancing access to energy as a strategic factor for the modernization and...
23-May-2018

Accelerating Africa’s industrialization

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 53rd Annual Meetings this week attended by finance and development experts, business leaders and Finance Ministers from Africa and beyond. The “Land of the Morning Calm,” Chaohsien in Korean, offers Africa several lessons on how to fast-track economic and industrial development....
22-Feb-2018

Speech Delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group Distinguished Speaker at the 94th annual US Department of Agriculture Outlook Forum - "The Roots of Prosperity"

PROTOCOLS Secretary of Agriculture, Honorable Sonny Perdue, Deputy Secretary of Agriculture Censky, Ambassador Ken Quinn, President of the World Food Prize Foundation; Chief Economist of USDA, Robert Johansson, Deputy Chief Economist Warren Preston, distinguished colleagues at USDA, friends of agriculture, friends of Africa, distinguished ladies and gentlemen. Good morning! I am delighted to be invited to speak at this 94th annual US Department of Agriculture’s Outlook Forum. I have always been a great admirer of the USDA, which I fondly call the power that drives American...
22-Oct-2017

“Africa’s pathway out of poverty” - by Dr. Akinwumi A. Adesina, President of the African Development Bank, World Food Prize Laureate Luncheon, October 20, 2017, in Des Moines, Iowa

Today, I will be speaking about Africa’s pathway out of poverty. For millions of rural poor, their aspiration is that they will make it out of poverty, especially through their kids, and thereby laying the foundations of a march out of poverty for generations to come. This is my story. My father and grandfather were farmers, and became so poor farming they had to work as part-time labourers on other people’s farms. My father told me that farming did not pay. It was through a benefactor that he made it out of the village to get the benefit of education. It was that golden opportunity, with...
18-Oct-2017

Remarks Delivered by Dr. Akinwumi Adesina, World Food Prize Laureate 2017 and President of the African Development Bank, At the Special Event on “Transforming the African Savannah Initiative”, World Food Prize, October 18, 2017, Des Moines, Iowa, USA

Good morning. Let me welcome you all to this session, organized by the African Development Bank. Once again, we are grateful that you all made it here. So let us talk about the challenge ahead of us: how to unlock the potential of Africa to feed itself and to help feed the world. The challenge of addressing global food security is greatest in Africa where close to 300 million are malnourished. It is also the only region of the world where the proportion of the population that is food insecure has increased. Yet, Africa holds the key for feeding the 9 billion people that...
18-Oct-2017

Remarks by 2017 World Food Prize Laureate and President of the African Development Bank, Dr. Akinwumi A. Adesina : Making Farming Cool - Investing in Future African Farmers and Agripreneurs

We are grateful that you all made it here at 7 :30am. You are the early birds. And early birds always wake up everyone to action! When I was an adolescent growing up in Nigeria, my father encouraged me to move as far away from agriculture as possible. A poor farmer himself—and a typical Nigerian parent, I might add—he insisted that I become a doctor. But Fate has this uncanny way of upsetting the best laid plans. In secondary school, my scores just fell slightly short of the subjects that my father would have me pursue. So, you could say that, despite stumbling into agriculture, it has...
20-Sep-2017

Reports show greater finance needed to close the electricity and clean cooking access gap by 2030

A new Energizing Finance Report Series released by the Sustainable Energy for All (SE4ALL) initiative and partners has alerted that the current flow of finance for energy access and clean cooking will not achieve global goals for delivering universal access by 2030. Estimates show an annual investment of US $45 billion is needed to meet universal electrification. But the latest data shows that finance commitments for electricity in 20 ‘high-impact’ countries, that represent 80 percent of those without electricity access, is less than half that number − averaging just $...
15-Jun-2017

Speech by Dr. Akinwumi Adesina, President of the African Development Bank at the US-Africa Business Summit, organized by the Corporate Council on Africa, June 13, 2017, Washington DC

Your Excellency, President Filipe Nyusi of Mozambique, Secretary of Commerce, Wilbur Ross, Honourable Ministers, Ambassadors, Business leaders, and Friends of Africa, Distinguished Ladies and Gentlemen. I wish to thank my dear friends Florizelle Liser, President and CEO of the Corporate Council on Africa, and Chairman Jeffrey Sturchio for inviting me to speak at this U.S - Africa Business Summit. It’s great to see so many people here. A close partnership between the U.S.A., the most powerful nation in the world, and Africa, the next investment growth frontier in the world, is so...
17-Oct-2016

Keynote Address delivered by Dr. Akinwumi Adesina, President of the African Development Bank, at the World Food Prize, Des Moines, Iowa, October 13, 2016

Your Excellency President Joyce Banda, Professor M.S. Swaminathan, the Borlaug family, John and Janet Ruan, the World Food Prize Laureates, Excellencies, distinguished ladies and gentlemen, and the future leaders in agriculture. I am delighted to be here with you all today. It is such a great honor for Ambassador Kenneth Quinn, President of the World Food Prize Foundation, to have invited me to be keynote speaker today. Thank you very much Ambassador Quinn, my dear friend; Professor Swaminathan; the Board members and staff of the World Food Prize Foundation, for all the great work you do...
23-Sep-2016

AfDB President Adesina calls for bold action to Light up and power Africa

African Development Bank President Akinwumi Adesina called for bold action Tuesday to light up Africa within the next ten years. “Ten years is the timeframe. We need to take Africa out of the darkness. Period,” Adesina told a panel discussion in New York. Adesina was participating in a panel discussion on “How Energy Can Spark Global Prosperity” organized during the Clinton Global Initiative Annual Meeting in New York. Adesina shared the stage with Nancy Pfund, Founder and Managing Partner of DBL Partners, a venture capital firm; and Wanjira Mathai, Director, Partnerships for Women's...
20-Mar-2016

Remarks at Global Business Coalition for Education event by Akinwumi A. Adesina, President, African Development Bank Group, Washington, DC, April 14, 2016

Introduction Dear Sarah Brown, Executive Chair, Global Business Coalition for Education. Dear Heads of delegations, Development Agencies, Business Leaders and Foundation Representatives; Distinguished Participants, Ladies and Gentlemen. All protocols observed. I wish to thank Sarah Brown particularly for her invitation and her remarkable commitment to engage the business community in the equity and education agenda through strong, coordinated partnerships with the public sector and foundation actors. It is a great honor for me to be here this morning, in front of a distinguished...
01-Dec-2015

COP21: Obama echoes Africa’s aspirations

As attention turns to Paris for the much-anticipated UN climate conference (COP21), US President Barack Obama has agreed with proponents of a pro-poor deal that ensures more support for developing economies to adapt to climate change impacts. The US President’s message echoes what some stakeholders, such as the African Development Bank (AfDB), have been calling for over the years, namely more support to developing countries, most of which are in Africa, not only to adapt, but to transform their economies to low carbon pathways. “As one of America’s governors said, we are the first...
29-Sep-2015

An international effort to power Africa

Powerful alliances were made Monday when the President of the United States, Barack Obama, and the President of the African Development Bank Group (AfDB), Akinwumi Adesina, shook hands, sealing a commitment to continue to work together to propel Africa to new level of energy sufficiency. The leaders bonded over their mutual desire to see the continent move from darkness to light during a luncheon for heads of state given by the United Nations Secretary General. President Obama’s Power Africa initiative is already working to double access to electricity in Sub-Saharan Africa, a region where...
25-Sep-2015

The fortunes of Africa will determine the success of the Sustainable Development Goals

by Akinwumi Adesina Much of the focus of the UN Summit to chart a way forward on global development will be on Africa. As the wider world looks beyond the expiry of the Millennium Development Goals to the new Sustainable Development Goals, poverty eradication remains a gigantic challenge for Africa. Over 400 million people in Africa live in extreme poverty – that’s about 4 in 10 of its population – comprising a third of the world’s poorest people. The success or failure of the New York Summit will ultimately be measured by whether the new Sustainable Development Goals are making a...
15-Sep-2015

AfDB Vice-President Solomon Asamoah discusses US-Africa economic relations at the Woodrow Wilson International Center

On September 10,  2015, African Development Bank Vice-President for Infrastructure, Private Sector and Regional Integration, Solomon Asamoah, participated in a panel discussion hosted by the Wilson Center for Scholars in Washington, DC, titled: The US-Africa Leaders’ Summit One Year On: Progress, Challenges, and the Way Forward for Economic Relations. VP Asamoah’s presentation focused on progress made and key issues that hinder US economic/business engagement with Africa. He also emphasized constraints on the African side such as infrastructure deficits, policy inconsistencies and the...