The African Development Bank has learned with deep sadness the news of the death of Kofi A. Annan, former Secretary General of the United Nations and Noble Peace Prize Laureate, at the age of 80 in Bern, Switzerland.

Africa’s industrialization agenda, one of the Bank Group’s top priorities for the continent’s economic transformation, received a boost this week with the approval of the Bank Group’s Industrialisation Strategy for Africa 2016-2025.

The African Development Bank (AfDB) and the Brazil-Africa Institute (BAI) have launched the Youth Technical Training Program (YTTP) − an initiative that aims to train young African professionals in research and technology transfer, contributing to local capacity development.

Africa50  held  on 21 July 2016 its first Annual General Meeting (AGM) following its historic Constitutive General Assembly which took place in July 2015 and where twenty (20) African countries and the African Development Bank subscribed to a total of USD 830 million in its initial share capital. The AGM saw the participation of African governments and central banks with delegates discussing the progress to date and future prospects of the Fund as well as approving the audited financial statements over the first 5 months of operations from 29 July 2015 to 31 December 2015.

Natural resources make significant contributions to economic growth in most African countries. But how can countries turn extractives-driven growth into development outcomes?

This was at the heart of a workshop co-organized by the African Development Bank (AfDB) and the Collaborative Africa Budget Reform Initiative (CABRI) on September 7, in Abidjan, Côte d’Ivoire. Thirty policy-makers from Côte d’Ivoire, Ghana, Liberia, Mali and Nigeria attended the workshop and discussed practical policy tools to help countries improve development outcomes derived from extractives.