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African Development Bank proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements
10-May-2024 - Dr Akinwumi Adesina, the president of the African Development Bank Group, announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents and media houses that showcase Africa’s achievements and progress.
African Development Bank Group President Calls for Media Transformation to Uplift Africa’s Global Narrative
10-May-2024 - The President of the African Development Bank Group, Dr Akinwumi Adesina, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting it was critical for changing false narratives. Adesina said this on Thursday in a keynote speech to the All Africa’s Media summit in Nairobi, attended by nearly 300 participants from across the continent. He praised the crucial role the media plays in strengthening democracy and advancing inclusivity.
Paris Summit Aims to Secure Commitments Toward $4B Needed to Close Clean Cooking Funding Gap for African Women
10-May-2024 - Development partners gathering in Paris on 14 May are expected to pledge towards the $4 billion needed to provide clean cooking access for 250 million African women by 2030. African Development Bank Group President Dr Akinwumi Adesina will co-chair the Clean Cooking Summit, to be held in Paris, alongside President Samia Suluhu Hassan of Tanzania, Prime Minister Jonas Gahr Støre of Norway, and International Energy Agency Executive Director Fatih Birol.
African Development Bank and Stockholm International Peace Research Institute partner to advance evidence-based conflict prevention and resilience building in Africa
10-May-2024 - On the sidelines of the 2024 Stockholm Forum on Peace and Development, the African Development Bank and the Stockholm International Peace Research Institute (SIPRI) have signed a Memorandum of Understanding to further advance their collaboration. The agreement builds on the existing cooperation between both organizations and underlines their joint commitment to deepen the understanding of drivers of fragility and insecurity, and to promote actions that prevent conflicts and build resilience in Africa.
Madagascar: mid-term review of African Development Bank Country Strategy Paper 2022-2026 highlights positive results
10-May-2024 - The government of Madagascar and the African Development Bank have agreed to consolidate the mid-term results of the Country Strategy Paper 2022-2026 and to maintain its strategic directions until 2026. This was the conclusion of the workshop of 6 May 2024 in Madagascar discussing the results of the CSP mid-term review and examining country’s 2024 portfolio performance.
Empowering Africa's Circular Economy Transition to Secure a Global Future
08-May-2024 - In the face of the triple crisis of climate change, pollution, and biodiversity loss, Africa finds itself at a pivotal moment. As it seeks to advance towards a green and sustainable future, the continent finds itself increasingly key to advancing the global climate action agenda. As a result, the urgent need to shift to a circular economy has never been more critical, and the African Development Bank, through the Africa Circular Economy Facility (ACEF) and the African Circular Economy Alliance (ACEA), is at the forefront of these efforts.
Propelling growth: African Development Fund’s tourism project revitalizes Malawi’s economy
08-May-2024 - Implemented in Malawi from 2018-2023, the Promoting Investment and Competitiveness in the Tourism Sector Project has significantly bolstered investment in the tourism sector, propelling economic growth and sustainable development, according to the African Development Bank’s Project Completion Report, published on 26 April 2024.
Inclusive and Transparent Land Governance Practices for Building Effective Land Administration Institutions Amid the Changing Climate
07-May-2024 - What: World Bank Land Conference's side event Who: African Development Bank through Africa Natural Resources Management and Investment Center, in collaboration with the International Land Coalition and the International Development Law Organization When: 15 May 2024 at 13:30 - 15:00 (GMT-7) Where: World Bank Headquarters, Washington DC
African Development Bank advocates for agritech scaling, partnerships and affordable fertilizer access at Africa Fertilizer and Soil Health Summit
07-May-2024 - This week, the African Development Bank Group will leverage its deep expertise and convening power to highlight the crucial role of agricultural technologies, fertilizer and healthy soils in driving sustainable agricultural growth at the Africa Fertilizer and Soil Health Summit in Nairobi.
Second Edition of the Innovate Africa Symposium: Strengthening Data Governance in the African Data Ecosystem
06-May-2024 - What: Second Edition of the Innovate Africa Symposium: Strengthening Data Governance in the African Data Ecosystem Who: The African Development Bank in collaboration with the National Institute of Statistics Rwanda extends an invitation to data governance experts, policymakers, researchers, and practitioners to contribute. When: 2-4 October 2024 Where: Kigali, Rwanda
Annual Meetings 2024: Reforming the global financial architecture to free up financing for Kenya and in Africa overall
06-May-2024 - "Today, Africa has $640 billion in outstanding debt and pays nearly $70 billion in interest every year. It would only be fair for us to have a financing mechanism that treats us on an equal footing". Kenyan President William Ruto's call at the African Union’s 5th biannual coordination meeting in Nairobi in July 2023, was unequivocal: the global financial architecture must be reformed so that Africa is no longer the world's poor relation. For President Ruto, courageous decisions are needed to keep Africa’s countries’ debt burdens from being too...
Industry Engagement Forum in Lagos aims to increase health product manufacturing in Africa
06-May-2024 - The 2024 Industry Engagement Forum, themed "Unlocking Healthcare Value Chains and Driving Investment through Partnerships: Accelerating Equitable Access to Quality-Assured Sustainable Health Products," is set to take place from May 7-9, 2024, in Lagos, Nigeria. More than 300 participants are scheduled to attend the forum, which aims to accelerate equitable access to urgently needed health products through collaborative partnerships, and to facilitate investment opportunities as interventions to expand local pharmaceutical manufacturing.
Mali’s CIF-funded Investment Plan: A Beacon of Hope for Renewable Energy
03-May-2024 - Like most West African countries, Mali relies heavily on fossil fuels but has significant potential in solar and wind energy. Mali’s strategy is oriented towards fostering the development of renewables even though their share, except for hydro, remains rather low. In 2020, Mali adopted the Desert to Power National Roadmap quantifying its country-level targets, identifying priority actions required to achieve the targets and singling out an initial set of priority activities. The key targets include additional solar capacity of 399 MW by...
Cameroon: the majestic Obala interchange eases outbound traffic flows to the west of Yaoundé
03-May-2024 - From building roads and bridges to supporting the shipbuilding sector, the African Development Bank Group is supporting Cameroon to complete major transformational projects in transport and social infrastructure. In total, 56.5 percent of the Bank Group’s portfolio is dedicated to the development of transport infrastructure in this Central African country. On 12 April, the Bank Group’s Vice-President for Regional Development, Integration and Business Delivery, Marie-Laure Akin-Olugbade, visited the Obala interchange, one of Cameroon’s most...
African Development Bank President calls for ‘bold and innovative approach’ from multilateral development banks to tackle global challenges
03-May-2024 - Dr Akinwumi Adesina, president of the African Development Bank Group, emphasised the urgent need for a “bold and innovative approach” from Multilateral Development Banks (MDBs) to effectively address the rapidly evolving challenges facing the world. Adesina highlighted several transformative initiatives that align with both the Sustainable Development Goals and the African Union’s Agenda 2063.
Fostering Inclusive Growth: African Development Bank and Invest in Africa unveil MicroGREEN Project to Empower Marginalized Groups
03-May-2024 - The African Development Bank and Invest in Africa have jointly launched the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled "Strengthening Women, Youth and People with Disabilities’ Micro Entrepreneurship for Green Jobs in Natural Resources (MicroGREEN),” the project seeks to generate up to 500 green job opportunities while delivering essential business development services.
“Finance, food and fertilizer: how the debt crisis affects food and farm inputs markets in Africa” on the sidelines of the Africa Fertilizer and Soil Health Summit
02-May-2024 - What: Event titled, “Finance, food and fertilizer: how the debt crisis affects food and farm inputs markets in Africa” on the sidelines of the Africa Fertilizer and Soil Health Summit. Who: The African Development Bank Group, The Africa Fertilizer Financing Mechanism, Sustain Africa, Yara
Side Event on The State of the African Fertilizer and Soil Health: Policy, Governance, and Institutional Framework to Accelerate Country Food and Agriculture Delivery Compacts
02-May-2024 - What: Side Event on The State of the African Fertilizer and Soil Health: Policy, Governance, and Institutional Framework to Accelerate Country Food and Agriculture Delivery Compacts Who: The African Development Bank Group
African Development Bank, Government of Nigeria, IFC and Unitaid To hold 2024 Industry Engagement "Access to Health Innovation" Forum in Lagos
30-Apr-2024 - What: An Industry Engagement Forum on unlocking healthcare value chains and driving investment through partnerships: Accelerating equitable access to quality-assured sustainable health products Who: The Government of Nigeria, African Development Bank Group, International Finance Corporation and Unitaid When: 7-9 May 2024, 9:00 -17:00 WAT