September 29, 2017
Africa: AfDB Approves US $200 Million to IDC to Support Industrialisation Projects in Africa
The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African… Read more »
September 22, 2017
Africa: AfDB, AU, UN Agencies Pledge More Action for Africa's Industrial Transformation
Implementation to be anchored on AfDB's Industrialize Africa Strategy Read more »
Africa: The Third Industrial Development Decade for Africa - From Political Commitment to Actions On the Ground
African leaders, UN officials, and representatives of international finance institutions and of the private sector met on Thursday, September 21 at the United Nations Headquarters… Read more »
September 13, 2017
Africa: Speech Delivered By Akinwumi A. Adesina, President of the African Development Bank Group, On the Occasion of the Africa50 Annual Shareholders Meeting On September 12, 2017 in Dakar, Senegal
Your Excellency President Macky Sall, Read more »
September 11, 2017
Africa: AfDB Advocates Strategies to Deepen Industrialization of Cassava
The African Development Bank (AfDB) is intensifying its financing for the production of crops with the highest potential for industrializing the African agriculture. Read more »
August 18, 2017
Africa: ALSF Weighs in On Uganda's Oil Refinery Project
In late July, Uganda chose a consortium, including General Electric Co., to build and operate a crude oil refinery, which will eventually process oil from fields being developed by… Read more »
August 11, 2017
Lesotho: Sefa to Support First Utility-Scale Solar PV Project in Lesotho
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$ 695,500 grant to NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd.,… Read more »
August 04, 2017
Africa: Ghana Targets 5 Million Passengers Yearly With AfDB-Funded International Airport Expansion Project
Project to boost regional integration, says Adesina Read more »
July 24, 2017
Africa: NEPAD Infrastructure Project Preparation Facility Proposes Regional Information Hub to Stimulate Investment in Africa
The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has advocated the establishment of a regional information hub to advertise bankable projects in Africa. Read more »
June 02, 2017
Somalia: Donors Commit to Fill U.S.$ 105 Million Infrastructure Projects Funding Gap
On 25 May 2017, during the African Development Bank's Annual Meetings in Ahmedabad, India, the Federal Government of Somalia (FGS) and the African Development Bank (AfDB) organised… Read more »
May 30, 2017
Africa: Closing Infrastructure Gap in Africa a Key Catalyst for Investment, Says G20
The G20 says closing infrastructure gap on the continent represents a key step to achieving better youth employment and economic transformation. Read more »
May 29, 2017
Africa: Thirteen African Countries Seal Agriculture Industrialization Deal With India
Thirteen African countries have signed a series of partnership agreements with India to enhance the supply of agricultural machinery, credit advancement to farmers and scientific… Read more »
May 25, 2017
Africa: "To Develop Its Textiles Market, Africa Needs Its Cotton"
Pathé'O - of Burkina origin and Ivorian by adoption - and Sidahmed Alphadi - from Niger -, fashion designers of international renown, pleaded the cause of African cotton, a… Read more »
May 24, 2017
Africa: Development of Africa's Human Capital for Industrialization Dominates Africa-Asia Partnerships Talks
Development of Africa's human capital has been identified as key aspect to achieve industrialization. Read more »
May 23, 2017
Africa: Africa's Future Lies in Entrepreneurship and Industrialization - 2017 African Economic Outlook
Africa needs to push for accelerated development by harnessing local resources to boost entrepreneurship and drive its industrialization. Read more »
May 12, 2017
Africa: Infrastructure Tops Agenda As AfDB, India Work Towards a 'More Robust Africa'
The African Development Bank (AfDB) is looking to strengthening its relationship with India as part of its larger agenda for a 'a more robust Africa'. Read more »
May 05, 2017
Zimbabwe: Sefa Grants U.S.$ 1 Million to a 20 MW Off-Grid Rooftop Solar Project in Zimbabwe
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation… Read more »
April 22, 2017
Africa: Multilateral Banks to Deepen Collaboration With Private Sector to Boost Inclusive, Sustainable Infrastructure
Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support… Read more »
April 20, 2017
Africa: The Board of Directors of the African Development Bank Authorizes More Thorough Investigations On Sendou Coal Fired Power Plant
The Board of Directors of the African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review of the Bank-financed construction of a 125 MW Coal… Read more »
Africa: Ghana - Apesika Abom Feeder, the Story of an AfDB-Financed Feeder Road That Changed the Everyday Lives of Rural Households
One of the beneficiaries using the road Read more »
Africa: Remarks delivered by Akinwumi A. Adesina, President of the African Development Bank at the Centre for Global Development, Washington DC, April 19, 2017
Good morning everyone! I am honoured to have been asked by President Masood Ahmed to speak with you and share my vision and views on Africa’s development and the role of the… Read more »
March 31, 2017
Uganda: Kenya-Uganda, AfDB Finances Upgrading and Construction of Roads to Connect the Two Countries
The African Development Bank Group (AfDB) approved USD 253.0 million of loans to the Governments of Kenya (USD 147.3 million) and Uganda (USD 105.7 million) for the upgrading of… Read more »
March 14, 2017
Africa: Adesina Chairs session on Infrastructure Financing at Wall Street Journal's 'Investing in Africa' Conference in London
Leading investors, business executives, entrepreneurs and policymakers in Africa gathered in London at the Dow Jones News Building on March 7, 2017, for The Wall Street… Read more »
Africa: Remarks by Akinwumi A. Adesina, President of the African Development Bank Group, at the launch of the Africa Progress Panel Report "Lights, Power, Action: Electrifying Africa" March 13, 2017 Abidjan, Côte d'Ivoire
Your Excellency, Mr. Kofi Annan, former UN Secretary General and Chairman of the Africa Progress Panel, Read more »
Africa: Opening Remarks by Kofi Annan Chair of the Africa Progress Panel - Launch of Africa Progress Panel Report "Lights, Power, Action: Electrifying Africa" Abidjan, Côte d'Ivoire March 13, 2017
Launch of Africa Progress Panel Report Read more »