Africa: How Access to Modern Stoves Could Be a Game-Changer for Africa's Economic Development - and Help Tackle Climate Change

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Africa: COP28 - African Development Bank President Invites Business Leaders to Invest in Africa to Accelerate Decarbonization

African Development Bank President Akinwumi Adesina has urged African business leaders to seize the enormous potential in Africa by investing in green infrastructure. Read more »

Africa: Global Leaders Call for Increased Resources to Provide 1 Billion People With Clean Cooking Solutions in Africa

"Every woman, every mother must be able to turn on the gas cooker and cook a decent meal like anywhere else in the world"--Adesina Read more »

Africa: COP28 - Africa Could Lose $25 Billion Per Year As New EU Carbon Tax Comes Into Effect, Warns African Development Bank's Adesina

African Development Bank Group President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa's trade and industrialization progress… Read more »

Africa: African Development Bank Approves Usd 15 Million Trade Finance Transaction Guarantee Facility for NMB Bank to Support SMEs and Local Corporates in Zimbabwe

Support from the African Development Bank will enable NMB Bank to support SMEs and local businesses, including those owned by women. Read more »

Africa: COP28 - African Civil Society Unveils Its Recommendations for the Fight Against Climate Change in Africa

Solidarity between the African Development Bank, African civil society and the private sector is necessary to face climate challenges. Read more »

Africa: Climate Action Window - The African Development Bank Group Launches the First Call for Proposals for Adaptation Projects in 37 Low-Income African Countries

The African Development Bank Group has launched the first call for climate adaptation proposals for the Climate Action Window (CAW) during the COP28 climate conference in Dubai.… Read more »

Africa: COP28 - Mozambique's $80 Billion Energy Transition Will Leverage Its Vast Renewable Resources, Says President

"African countries, and in this case Mozambique, should use an energy mix of hydroelectric power and natural gas"--Adesina Read more »

Africa: COP28 - Africa Day - African Leaders Emphasize Need for Significantly Increased Climate Action and Green Growth Financing

The President of the African Development Bank, Dr Akinwumi Adesina, speaks at the opening of Africa Day at COP 28 in Dubai, alongside Mr Azali Assoumani, President of the Republic… Read more »

Africa: Africa Finance Corporation, African Development Bank Sign $350 Million Long-Term Line of Credit for Infrastructure

Africa Finance Corporation (AFC) and the African Development Bank have signed a $350 million long-term line of credit to support urgently needed financing for infrastructure… Read more »

Africa: African Development Bank's Public Finance Management Academy Graduates First Cohort of Government Officials Trained in Curbing Corruption and Illicit Financial Flows in Africa

WHAT: Training and Graduation ceremony for the first cohort of trainees of the Public Finance Management Academy for Africa; Dissemination of Benchmark Macroeconomic Models for… Read more »

Africa: COP28 - African and Mideast Leaders Welcome $10 Billion Safe Initiative to Tackle Food Security Amid Climate Crisis

Leaders from Africa and the Middle East launched a $10 billion public-private-partnership initiative during COP28 to transform food systems for millions of people facing… Read more »

Africa: The AfDB's Business Opportunities Seminar - Second Edition 2023

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Africa: Revolutionizing African Finance - Innovations Explored At COP28 Side Event

At COP28, The AfDB shared its expertise on innovative ways to tap finance for climate action and other priorities. Read more »

Africa: Mozambique - African Development Bank Grants $33 Million to Improve the Electrical Grid Near Borders With Malawi, Zambia and Zimbabwe

The African Development Bank will contribute through the implementation of this project to improve access to electricity for people in Central and Northern Mozambique. Read more »

Africa: COP28 - Italy Announces €5 Million Contribution to Sustainable Energy Fund for Africa

Italy has made a new commitment of €5 million to Africa's sustainable energy future through the Sustainable Energy Fund for Africa (SEFA) Special Fund. The Italian Deputy… Read more »

Africa: Six Regional Technical Consultations to Improve the Bank's Public Service Delivery Index

To help improve the quality and coverage of public services delivered to African citizens, the African Development Bank Group held six regional technical consultative meetings on… Read more »

Africa: Youth-Led African Enterprises Awarded $800,000 At COP28 for Climate Solutions

Eight dynamic African young women-led businesses emerged as winners of the 2023 YouthAdapt challenge. Each business will receive grant funding of up to $100,000. Read more »

Africa: COP28 - Clean Cooking for All Africans Is Possible, Say World Leaders

Leaders from around the world have declared their commitment to provide clean cooking energy by 2032 to nearly a billion people in Africa who still cook using firewood and other… Read more »

Africa: Cop 28 - African Development Bank's $1 Billion Insurance Facility to Protect Millions of Farmers in Africa

"Over 97% of farmers in Africa do not have agricultural insurance. Their only insurance is to pray"--Adesina Read more »

Africa: African Development Bank With Other Multilateral Development Banks Commit to Boost Collaboration On Climate and Development

Multilateral development banks attending the 2023 UN Climate Change Conference (COP 28) today affirmed their commitment to a concerted, global action, including increasing… Read more »

Africa: COP28 - African Countries Sign On to Join Pioneering Global Battery Energy Storage Consortium

African Development Bank joins initiative of the Global Leadership Council as resource partner Read more »

Africa: COP28 Multilateral Development Banks (Mdb) Joint Statement

The climate crisis is rapidly worsening with increasingly severe and visible social, environmental, and economic impacts across the world. The window of opportunity to secure a… Read more »

Africa: COP28 - Global and African Partners Pledge $175m to the Alliance for Green Infrastructure in Africa (Agia)

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175… Read more »

Africa: Mdbs Join Forces At COP28 for Global Climate Resilience

Multilateral development banks (MDBs) have a key role to play in combating climate change, said development experts at this year's Conference of the Parties, COP28, convened as… Read more »