IN a recent meeting in Luanda, Angola’s President João Manuel Lourenço and African Development Bank (AfDB) President Dr Akinwumi Adesina discussed the sweeping economic reforms Angola is implementing to diversify its economy, reduce debt, and create jobs for its youth. The meeting, held on September 20, marked a significant step in Angola’s journey towards sustainable growth and … Read more
THE African Development Bank AfDB) has approved $102.79 million for the promotion of sustainable agricultural value chains in special agro-industrial processing zones (SAPZ) across Guinea, Senegal, and Togo. This initiative aims to foster sustainable agricultural practices while integrating climate resilience and reducing greenhouse gas emissions in these regions. The funding will support three ongoing … Read more
PRESIDENT Alassane Ouattara of Cote d’Ivoire led the celebration of the African Development Bank’s (AfDB) 60th anniversary on Tuesday, highlighting the institution’s pivotal role in improving the lives of millions of Africans. Speaking at the Bank’s Diamond Jubilee event in Abidjan, where the Bank’s headquarters are located, President Ouattara acknowledged the tremendous infrastructure advancements … Read more
YOUNG African entrepreneurs are urging the African Development Bank (AfDB) to increase its support for female entrepreneurs, youth innovators, and business creators to tackle poverty and unemployment on the continent. The call came during a panel discussion titled Our world, our experience, held as part of the AfDB’s 60th-anniversary celebrations. During the discussion, Jean-François Yao, … Read more
THIRTY small and medium enterprises (SMEs) from Côte d’Ivoire, Ghana, and Rwanda have been selected to receive financial and technical support through the AfriCircular Innovators Programme, a new initiative aimed at advancing circular economy projects across Africa. The programme, backed by the African Development Bank (AfDB) and funded by its Africa Circular Economy Facility (ACEF), aims to … Read more
THE Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help finance the Project to Support the Development of Value Chains as part of its backing for the Agriculture Transformation Programme (PADCV-PTA). The project, totalling $311.6 million, is being funded … Read more
THE African Development Bank (AfDB) announced on Thursday the approval of a $1bn loan to Transnet, South Africa’s state-owned rail and ports company. This loan is fully guaranteed by the South African government and will finance the initial phase of Transnet’s $8.1bn investment plan aimed at revitalising the country’s deteriorating rail and port infrastructure. Transnet, … Read more
THE African Development Bank (www.AfDB.org) has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies to align with the strategic objectives of organisations. He also brings expertise in data compilation, … Read more
THE African Development Bank (www.AfDB.org) has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute (apo-opa.co/4cjzZUN), effective June 1, 2024. Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics, capacity development, public governance and regulatory reform, monitoring and evaluation, and policy advisory. His career … Read more
IN a packed auditorium at Chatham House, African Development Bank President Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasising Africa’s untapped potential and abundant opportunities. During his presentation on Friday, titled Envisioning Africa’s Economic Prospects, Adesina highlighted his optimism and passion for Africa’s future. He … Read more