african development bank

The Board of Directors of the African Development Bank on 15 April approved a $40 million financial package to support Angola’s Banco Millennium Atlântico (BMA) to bolster local production and job creation through its portfolio of small and medium-sized enterprises.

The groundwork has been laid for Indian investors who are looking to invest in Africa.

A much awaited report by an Independent Review Panel has completely exonerated the President of the African Development Bank, Akinwumi Adesina of any ethical wrongdoings.

The Board of Directors of the African Development Bank (www.AfDB.org) on Tuesday approved $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts.

The African Development Bank’s board approved a 125% capital increase to $208 billion on Thursday, the largest in the lender’s history, AfDB President Akinwumi Adesina said.

The African Development Bank’s (www.AfDB.org) “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now available through its Sustainable Bond Market.

The African Development Bank Group (www.AfDB.org) on 14 April 2020, announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.

African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina has called for vaccine justice for Africa. Speaking at the launch of the Bank’s African Economic Outlook 2021 report on Friday, Adesina decried the lack of Covid-19 vaccines reaching Africa.

Growth in West Africa, poised to expand by 4.0 percent in 2020, now projected to contract by -2.0 percent in 2020; Demand for science, technology, engineering and mathematics increasing, though school enrolment, retention rates poor.

The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the pandemic and its impacts. The grant funding comes under the Bank’s COVID-19 Response Facility.

The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day, which fell on Wednesday 12 August, 2020.

The Africa Regional Integration Index (ARII 2019), a new report jointly launched by the African Development Bank, UN Economic Commission for Africa (UNECA) and the Africa Union (AU), highlights the tremendous promise regional integration holds for Africa post COVID-19.

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food, and improving knowledge, attitude and practices on feeding, care and hygiene. The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions.

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer.

In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report.

Your Excellency Dr. Lazarus Chakwera, President of the Republic of Malawi, Honorable Ministers, Eminent Guests, distinguished ladies and gentlemen.

I would like to thank Dr. Ken Giami, the Publisher and CEO of the African Leadership Magazine, organizers of the International Forum on African Leadership, for inviting me to speak to you at this event today. The theme of the event, “Rethinking Global Partnerships and Africa’s Economic Resurgence,” is very apt for the times we are in today.

African Development Bank Group President Akinwumi Adesina says an accelerated global health and economic effort is needed to overcome the COVID-19 pandemic in Africa.

Written By Dr. Kevin Kariuki - Five years into the African Development Bank’s ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which 3,200 km are for regional interconnections.

The Republic of Ireland has become the African Development Bank Group’s (www.AfDB.org) 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina, on 24 April 2020.

Written By Akinwumi A. Adesina - July 8 was all like every normal day, focused on work. I had no inkling there would be a storm, even though we have weathered many storms and floods in Abidjan in recent times. Like a jolting bolt of thunder, everything changed when my wife, Grace, called my attention to a news item that the Prime Minister Amadou Gon Coulibaly had died. I told her this couldn’t be true as he just came back and as far as I knew he was fine.

U.S. Treasury Secretary Steven Mnuchin on Thursday welcomed the African Development Bank’s decision to appoint former Irish President Mary Robinson to lead an independent probe of a report that cleared the bank’s chief of wrongdoing.