The Office of the Special Envoy on Gender of the African Development Bank Group (AfDB) concluded its campaign to mark 16 days of activism in solidarity with the UN’s UNiTE “Orange the World: End all Violence against Women and Girls”. From November 25 to December 10, the AfDB ran a sensitization campaign at its headquarters in Abidjan, Côte d’Ivoire, and across its 35 field offices in Africa.

The African Development Bank has launched the report, “Transition towards Green Growth in Mozambique: Policy review and recommendations for action,” which summarizes the development process of the Green Economy Action Plan (GEAP) prepared to operationalize the ambitious goals of the country’s Green Economy Roadmap – a plan that outlines the country’s path to become an inclusive middle income country by 2030 thr

At the global climate summit in Paris on December 10, the Government of Italy announced a USD 8-million contribution to the Sustainable Energy Fund for Africa (SEFA) managed by the African Development Bank (AfDB). Italy’s capital infusion substantially raises the value of SEFA from USD 87 million to nearly USD 95 million, enabling it to continue scaling up its assistance to African nations to unlock private investments in sustainable energy.

The AfDB imposes a three year debarment on China First Highway Engineering Co. Ltd. following admission of fraudulent and collusive practices in an AfDB-financed project. In addition, the bank levies a financial penalty of USD 18.86 million to support anti-corruption projects on the continent. 

New index family to bring transparency to most liquid African bond markets

The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) and Bloomberg on December 9 announced an agreement to collaborate on building the AfDB’s AFMI^SM Bloomberg® African Bond Index (ABABI), a new family of African bond indices that, once launched, will be calculated by the independent, global index provider, Bloomberg.