African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa pharmaceutical industry

The African Development Bank and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa.

South Africa Investment Conference 2022 : African Development Bank President Adesina's statement

African Development Bank Group’s President, Dr. Akinwumi A. Adesina, makes a powerful speech during the South Africa Investment Conference

About the South Africa Investment Conference:
Since launch in 2018, the South Africa Investment Conference (SAIC) has drawn delegates from South Africa and the rest of the world with the objective of showcasing the investment opportunities available in the country. To date, SAIC has attracted more than R700 billion worth of investment commitments.

South African Investment Conference highlights nation’s resilience

“We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022

African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition.