The Board of Directors of the African Development Fund (ADF), approved on Wednesday, 11 October 2017 in Abidjan credit risk participations in eight loans cumulatively valued at US$ 141 by the Private Sector Credit Enhancement Facility (PSF).

Leaders on Tuesday expressed the need for African countries to urgently embark on programs to create decent job opportunities for the youth on the continent. Speaking in New York in a high-level side event organized by the New Partnership for Africa’s Development (NEPAD) on the sidelines of the United Nations General Assembly, the leaders concurred that lack of decent employment opportunities for African youth was a recipe for disaster and that African governments needed to act quickly avert a crisis in the continent.

Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings.

The African Development Bank (AfDB) and its partners have launched a specialized training programme for entrepreneurs and startups in the textile, apparel and accessories (TA&A) sector in Africa.

The training is part of the AfDB’s Fashionomics Africa initiative aimed at increasing Africa’s participation in the global textile industry supply chain.

The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21^st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion.