Bank praised for detailed publication of project objectives, impact appraisal documents, environmental studies and evaluation reports Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank’s sovereign portfolio as…
At G7 Summit, Italian Prime Minister, Ms. Giorgia Meloni, and AFDB President, Dr. Akinwumi A. Adesina, discuss launch of joint development initiatives
Joint Press Statement between Ms. Giorgia Meloni, Prime Minister of Italy, and Dr. Akinwumi A. Adesina, President of the African Development Bank Group—G7 Heads of State and Government Summit The Prime Minister of Italy, Ms. Giorgia Meloni, and the…
African Development Bank launches African Debt Managers Initiative Network to spur home-grown solutions to debt challenges
The inauguration and first peer learning event took place in Addis Ababa under the theme: Developing and Deepening Domestic Debt Markets in Africa The African Development Bank’s, African Development Institute on Thursday launched the African Debt Managers Initiative Network…
African Development Bank Group, Ethiopia launch $94 million project to boost Climate Resilient Wheat Value Chain Development in Ethiopia
The financing will support 500,000 smallholder farmer households in the Ethiopian states of Afar, Amhara, Oromia, and Somali, to increase wheat productivity from three to four tons per hectare The African Development Bank Group and the government of Ethiopia,…
AfDB, Others Pledge Support for Climate Action Africa Forum Deal Room
The African Development Bank, AfDB, has pledged its support for the 2024 Climate Action Africa Forum, CAAF24, Deal Room, taking place from June 19 to 20, 2024, at the Landmark Event Centre in Lagos, Nigeria. The Nigeria Sovereign Investment…
AfDB Group President Calls for Media Transformation to Uplift Africa’s Global Narrative
The President of the African Development Bank Group, Dr Akinwumi Adesina, has called for more balanced media coverage of Africa and its development, noting it was critical for changing false narratives. Adesina said this on Thursday in a keynote speech…
Paris Summits to Secure Commitments Towards $4b Needed to Close Clean Cooking Funding Gap for African Women– AfDB
Development partners gathering in Paris on 14 May are expected to pledge towards the $4 billion needed to provide clean cooking access for 250 million African women by 2030. This is contained in a statement issued by the African Development…
African Banker Awards 2023 nominees announced
The African Banker magazine has announced today the shortlist of nominees for this year’s edition of its African Banker Awards. This year’s edition of the Awards ceremony is set to spotlight SMEs, women and gender. A new category has also been introduced to recognize efforts towards bolstering financial inclusion of women across the continent.
Osinbajo Launches Energy Transition Plan; Says Nigeria needs $10 Billion a year to attain development ambitions
* $410 Billion to deliver Energy Transtion by 2060 * Complementary Launch of Universal Energy Grant Facility * Solar Companies urged to participate Nigeria’s Vice President, His Excellency, Prof Yemi Osinbajo is leading efforts towards an energy and development…
African Development Fund project makes more than 30,000 electricity connections in Burkina Faso
The Burkina Faso Electrification Project for Semi-Urban Areas of Ouagadougou and Bobo-Dioulasso, supported by the African Development Fund, the concessional window of the African Development Bank (AfDB), has resulted in 32,449 new connections to the country’s electric power network …