Stories written by African Development Bank

Africa Investment Forum 2019: MOU brings good news for Africa’s rail networks

The African Export-Import Bank (Afreximbank) and Thelo DB on Tuesday signed a Memorandum of Understanding at the Africa Investment Forum in Johannesburg. The agreement will give both parties an opportunity to develop, finance and operate railway projects across Africa.

2019 Africa Investment Forum kicks off delivering on the promise to redefine and unpack the continent’s investment opportunities

The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action.

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

For the first time, African travellers have liberal access to over half the continent, the 2019 Africa Visa Openness Index published by the African Union Commission and African Development Bank, reveals. The report was launched on Monday on the sidelines of the Africa Investment Forum, which opened in Johannesburg, South Africa.

2019 African Investment Forum builds on 2018 successes, attracts growing international interest

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018.

African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support

  • Bank's capital base more than doubles. Jumps from $93 billion to $208 billion
  • Largest capital increase in the Bank's history signals a united front by shareholders

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

The Board of Governors of the African Development Bank will hold its fifth extraordinary meeting on Thursday, 31 October 2019, at the Sofitel Abidjan, Hotel Ivoire. During the meeting, the Bank’s shareholders will make signification decisions, and a major announcement is expected.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

UNGA 2019: No room for coal in Africa’s renewable future: Akinwumi Adesina

African Development Bank President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday.

UN, African Development Bank High-Level Meeting Calls for Speed and Action on SDGs

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective action and the need for greater collaboration between the United Nations and the African Development Bank to fast-track Africa’s development.

G5 Sahel Summit: African Development Bank, partners, commit to light up and power the Sahel with the Desert to Power initiative

Dr. Akinwumi Adesina, president of the African Development Bank, has arrived in Ouagadougou, capital of Burkina Faso, ahead of the G5 Sahel Summit, and was received by Burkina Faso’s president, Mark Roch Christian Kaboré.

Three Questions to Wale Shonibare, Acting VP, Power, Energy, Climate & Green Growth

The Desert to Power initiative is an ambitious and innovative partnership-driven initiative of the African Development Bank to transform the Sahel and Sahara region through the deployment of solar technologies, at scale, in eleven countries: Burkina Faso, Chad, Djibouti, Ethiopia, Eritrea, Mali, Mauritania, Niger, Nigeria, Senegal, and Sudan.

Governance is key to boosting intra-Africa trade of timber products, says report by African Natural Resources Centre, African Development Bank

A new report by the African Natural Resources Centre of the African Development Bank has stressed the importance of forestry governance to boosting intra-African trade of wood products.