November 17, 2022
Africa: COP27 - Spain, Swiss Confederation Announce Eur 10 Million Support to African Development Bank Group's Urban and Municipal Development Fund
In partnership with the African Development Bank Group, the Swiss Confederation through the Swiss State Secretariat for Economic Affairs (SECO) and Spain today at COP 27 announced… Read more »
Zimbabwe: Solar-Powered Piped Water Schemes Are Helping Zimbabwe's Urban Communities Amid Water Scarcity and Climate Change
Resources at scale are needed to provide communities in fragile settings with access to safe water, core to foster climate resilience, say African Development Bank and UNICEF… Read more »
November 16, 2022
Africa: African Development Bank and West African Monetary Union Capital Markets Authority Sign Grant Agreement for Development of Regional Financial Markets.
The African Development Bank and the West African Monetary Union's Capital Markets Authority (AMF-UMOA) have signed a grant agreement for $750,000 to implement the second phase of… Read more »
Africa: COP27 - On Gender Day African Development Bank Rallies Global Support for Women to Build Climate Resilience
Former Irish president Mary Robinson headlined a panel discussion to mark 'Gender Day' at the 27th United Nations Climate Change Conference (COP27) in Egypt. She called for a… Read more »
Africa: COP27 - Germany Commits €40 Million to African Development Bank Group's Climate Action Window Initiative for Fragile African States
Germany has committed €40 million to the African Development Bank Group's Climate Action Window, German State Secretary for Economic Cooperation and Development Jochen… Read more »
East Africa: African Development Bank Predicts Economic Slowdown in East Africa in 2022, but Bounce Back in 2023
The African Development Bank has released its latest East African Economic Outlook, predicting a slow recovery in the region in 2022 at 4.0 percent against 5.1% in 2021. Read more »
Africa: African Development Bank Invests $20 Million in Private Equity Fund Targeting Renewable Energy Projects in Sub-Saharan Africa
The Board of Directors of the African Development Bank Group today approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy… Read more »
November 15, 2022
Africa: Financing Nature for Resilient Communities and Economies
What? "Panel Discussion: Financing Nature to Build Resilient Communities and Economies" Read more »
Africa: Financing Nature to Build Resilient Communities and Economies
What? "Panel Discussion: Financing Nature to Build Resilient Communities and Economies" Read more »
Africa: 'Natural Gas Is Not an Ideological Issue, It's a Pragmatic One,' Says AfDB's Adesina
The president of the African Development Bank shares his views on investment opportunities, financial management and the growing threat of climate insecurity. Read more »
November 14, 2022
Africa: Particularly Exposed to Climate Shocks, African Cities Are Turning to Adaptation and Resilience
Water. Too much, or not enough... In South Sudan in 2021, flooding from Nile tributaries has followed a long dry spell, while Somalia continues to suffer from recurrent water… Read more »
Africa: Launch of the 2022 North Africa Economic Outlook Report
What: Launch of the Africa Economic Outlook report 2022 for North Africa Read more »
Africa: COP27 - Experts Explore Avenues to Mobilize More Robust Financing for Climate Action
Global experts meeting during a panel session at the 27th global climate summit (COP27) in Egypt have endorsed a new climate finance roadmap to mobilize $1 trillion in annual… Read more »
November 12, 2022
West Africa: African Development Bank Rallies Partners to Support the Flagship Desert to Power Initiative to Light Up the Sahel
An African initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa's Sahel region for socio-economic development… Read more »
November 11, 2022
Africa: COP27 - African and Global Partners Launch Multi-Billion Alliance for Green Infrastructure
Alliance to raise up to $500 million of early-stage project preparation and development capital. Goal: boost project bankability and generate up to $10 billion in investment… Read more »
Africa: COP27 - Egypt and a Hundred Partners, Including the African Development Bank, Launch "Guidebook for Just Financing" to Address Climate Challenges
The Egyptian government has launched the Sharm El Sheikh Guidebook for Just Financing at a roundtable event held 10 November during COP27. Read more »
Southern Africa: African Development Fund Invests Over $6 Million to Develop the Pharmaceutical Sector in Southern and Eastern Africa
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, on 2 November 2022 in Abidjan, approved a $6.63 million… Read more »
Southern Africa: African Development Bank Country Managers Hold Discussions With Officials From Southern Africa Development Community Officials
Country managers of the African Development Bank Group and representatives of the Southern African Development Community (SADC) Secretariat last month held a series of discussions… Read more »
Cameroon: Cameroon - The African Development Bank Engages in Dialogue With Cameroonian Financial Institutions to Bolster Women Entrepreneurs' Access to Finance
The African Development Bank's Director General for Central Africa, Serge N'Guessan, led a delegation for a series of talks with stakeholders in the Cameroonian private sector,… Read more »
Africa: How the Timber Industry Is Performing Across Africa's Regions
What: Webinar on the performance of the timber industry in the Southern African Development Community, the Congo Basin, East Africa, North Africa and West Africa Read more »
Africa: Towards Climate Resilient Ocean Economies in Africa
Who: The African Development Bank Group, the Nordic Development Fund and UNEP Finance Initiative Read more »
Africa: $2 Million in Prizes Awarded At COP27 to African Youth-Led Businesses
Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year's African Youth Adaptation Solutions Challenge (YouthADAPT) competition. In addition… Read more »
November 10, 2022
Africa: African Development Bank First Investor to Commit in TDB Class C Green+ Shares Launched At COP27
The African Development Bank and the Eastern and Southern African Trade and Development Bank (TDB) have united to launch a unique financial instrument to catalyze financing for… Read more »
Africa: African Development Bank Partners With University of Oxford On Sustainable Finance Capacity Building
The African Development Bank has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across… Read more »
Africa: Egypt - African Development Bank Extends $160 Million Loan to Banque Misr to Strengthen Private Sector Participation in Egypt's Economy
The Board of Directors of the African Development Bank has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy. Read more »