Under the theme "Development Banks as Actors for Change towards Gender Equality," the African Development Bank’s Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level representatives from global financial institutions, the Green Climate Fund (GCF) and UN Women in signing a joint declaration on gender equality to strengthen their commitment at all levels.

The global recovery from the COVID-19 pandemic will depend on the world coming together in a collective endeavour backed by science, finance and political resolve, African Development Bank president Akinwumi Adesina, told the Victoria Forum 2020, a virtual event addressing the long-term socio-economic impacts of COVID-19.

Uganda has for the third time in a row emerged as the top performer in this year’s Electricity Regulatory Index Report published by the African Development Bank.

The East African country, along with Namibia, Tanzania, Zambia and Kenya, the other top performers, have regulators with the authority to exert the necessary oversight on the sector. However, the overall electricity regulatory frameworks of African countries is poorly developed, and most countries experience major regulatory weaknesses.

Africa should harness its natural resources to accelerate sustainable development, the African Development Bank’s Chief Economist and Vice President for Economic Governance and Knowledge Management has said.

Rabah Arezki was speaking to policymakers and stakeholders during a two-day inception workshop which began Monday on the Bank’s Financial Modelling for the Extractive Sector (FIMES) project. He urged Africa to build capacity to “negotiate better deals and generate the kind of resources that are needed to finance its development and transformation”.

Le Conseil d’administration de la Banque africaine de développement a approuvé, mardi 10 novembre 2020 à Abidjan, une enveloppe financière de 14,74 millions de dollars américains pour la mise en œuvre du Projet de renforcement des moyens de subsistance des petits exploitants et des femmes dans la région du N’zi (PREMOPEF), dans le centre de la Côte d’Ivoire.