Articles

  • 3 weeks ago | devex.com | Ayenat Mersie

    As an ambitious plan to provide 300 million additional people in Africa with electricity by 2030 gets underway, officials are considering a range of energy sources — but nuclear will not be one of them.  That’s according to Kevin Kariuki, the African Development Bank’s vice president for power, energy, climate and green growth. “I cannot be an evangelist of nuclear in Africa, because I know it's not practicable.

  • 3 weeks ago | devex.com | Ayenat Mersie

    Fresh off the plane from Abidjan, I’m still thinking about what I saw — and didn’t see — during the African Development Bank’s annual meetings last week in Côte d’Ivoire. Côte d’Ivoire is the world’s leading cocoa producer, alongside neighboring Ghana. Together, they supply nearly half of the global market for cocoa, the essential ingredient in chocolate. But in Abidjan’s supermarkets, what stood out was how little of that cocoa is processed locally.

  • 3 weeks ago | devex.com | Ayenat Mersie

    Philanthropic capital can play a critical role in making Africa’s carbon markets investable by funding early-stage preparation, enabling environments, and project oversight. At a time when foundations are being asked to do more across a range of development issues, the role of philanthropy in carbon markets may not be top of mind.

  • 3 weeks ago | devex.com | Vince Chadwick |Ayenat Mersie

    Tah brings a familiar profile and a network of relationships, particularly with Gulf donors, that may reshape AfDB’s direction. Plus, the future of blended finance amid aid cuts, and the road to the Financing for Development summit in Seville. Sidi Ould Tah is stepping into one of Africa’s most influential economic roles — and into the shoes of Akinwumi Adesina, a president who tripled the African Development Bank’s capital over the last decade.

  • 4 weeks ago | devex.com | Ayenat Mersie

    Sidi Ould Tah, a Mauritanian with 35 years of experience in international and African finance, including seven years as minister of economic affairs and finance, has been elected the ninth president of the African Development Bank. The election comes at a critical time. Overseas development aid is declining sharply, while tariffs, volatile commodity prices, and erratic global markets rattle African economies.

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