African Development Bank

The African Development Bank (AfDB) aims to reduce poverty and enhance living standards across the continent by encouraging both public and private investment in initiatives that support economic and social growth. The AfDB serves as a financial resource for African governments and private enterprises that are investing in member countries in the region.

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Côte d'Ivoire

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African Development Bank launches ENNOVA AI platform to boost entrepreneurship and job creation at Sankalp Summit | African Development Bank Group

2 months ago | afdb.org

The African Development Bank’s Innovation and Entrepreneurship Lab launched ENNOVA, an artificial intelligence-powered platform connecting entrepreneurs, enterprise support organizations, educational institutions, and investors across Africa. The launch took place on 26 February at the 12th Sankalp Africa Summit in Nairobi, Kenya. The annual Sankalp Africa Summit, regarded as
Innovative Technical Assistance: Driving Impact Through Global Cooperation | African Development Bank Group

2 months ago | afdb.org

At the ongoing Finance in Common Summit in Cape Town, African Development Bank (AfDB) Vice President for Private Sector, Infrastructure & Industrialization, Solomon Quaynor, called for a shift toward
Côte d’Ivoire: South-South meeting to promote gender equality and combat deforestation | African Development Bank Group

Jan 20, 2025 | afdb.org

From 10 to 12 December 2024, the African Development Bank, through the Climate Investment Funds (CIF), initiated a South-South exchange trip, which saw a delegation from Burkina Faso visiting Côte d’I
“AfDB has Amplified Africa’s Voice in Global Finance,”-Akinwumi Adesina

Jan 14, 2025 | afdb.org | Ristel Tchounand

Original version: https://afrique.latribune.fr/finances/2025-01-10/la-bad-a-amplifie-la-voix-de-l-afrique-dans-la-finance-mondiale-akinwumi-adesina-1014285.htmlThe eighth president of the African Development Bank (AfDB), Akinwumi Adesina, is entering his final months at the helm of Africa’s leading financial institution after a decade of service.
African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa | African Development Bank Group

Dec 18, 2024 | afdb.org

The African Development Bank has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures.
Global Partners Invest $45 Million to Boost African Vaccine Production | African Development Bank Group

Dec 17, 2024 | afdb.org

In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank, and the International Finance Corporation (IFC) have jointly announced a $45 million financing package for VaxSen, a subsidiary of Senegal’s Institut Pasteur de Dakar (IPD). The financing agreement,
West Africa: AfDB’s Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure | African Development Bank Group

Dec 16, 2024 | afdb.org

The Board of Directors of the African Development Bank Group has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region.
African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action | African Development Bank Group

Dec 13, 2024 | afdb.org

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects, including wind and solar
Africa Investment Forum 2024: Sustainable Energy Fund for Africa welcomes Japan as donor; showcases innovative financing solutions for Africa's energy transition | African Development Bank Group

Dec 11, 2024 | afdb.org

The Sustainable Energy Fund for Africa (SEFA) recorded a new milestone at the Africa Investment Forum 2024, with the announcement of Japan as its newest contributor, expanding the Fund’s donor base to 11 and strengthening its capacity to support crucial energy projects. The announcement was made at a thematic boardroom session showcasing innovative funding structures to
Rwanda: African Development Bank approves $100 million loan to enhance urban transport in Kigali | African Development Bank Group

Dec 4, 2024 | afdb.org

The Board of Directors of the African Development Bank Group has approved a loan of $100 million to Rwanda to implement a major project to improve transport in and around the capital, Kigali. Kigali has recently witnessed a growing urban mobility problem and a high volume of traffic requiring significant adjustments to urban transport design and systems. Congestion and long

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African Development Bank

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