AfDB Archive

World Fashion Day: AfDB moving the continent up the textile and clothing value chain with Fashionomics Africa

Abidjan, Côte d’Ivoire, August 21, 2017 – Some stakeholders in the textile and clothing industry have described Fashionomics Africa as a veritable platform to tap Africa’s huge potential for fashion. They spoke ahead of World Fashion Day, a day marked yearly on August 21 to celebrate and commemorate the glory, spirit and art of fashion

AfDB to invest US$24 billion in agriculture in next 10 years

Abidjan, Côte d’Ivoire, 28 July 2017 – The African Development Bank (AfDB) will invest US $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa. President of the Bank, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International

AfDB focuses on fashion industry to create jobs for millions of women and youth in Africa

Abidjan, Côte d’Ivoire, 5 July 2017 – The African Development Bank (AfDB) has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. The AfDB made the call at the recently concluded Small Business Indaba held on 26 June 2017 in Gauteng, South

AfDB Convenes ECOWAS Green Investment Catalyst Round Table

Abidjan, Côte d’Ivoire, 28 June 2017 – The African Development Bank (AfDB) in conjunction with UNFCCC and West African Development Bank (BOAD) convened the ECOWAS Green Investment Round Table on 21 June 2017 at AfDB Headquarters, Abidjan, Cote d’Ivoire, aimed at catalyzing and launching a program of work initiatives that promote private sector finance and

AfDB, ALSF lead call for an electrified Africa at Copenhagen energy forum

Abidjan, Côte d’Ivoire, 19 June 2017- The African Legal Support Facility (ALSF) and the African Development Bank (AfDB) are leading renewed calls for global investment towards an electrified Africa. They made the call at the 19th Africa Energy Forum concluded recently in Copenhagen, Denmark, 7-9 June. “We are all looking at the same pipelines throughout

Japan and India team up with AfDB to support Africa’s development

Ahmedabad, India, May 30, 2017 – The African Development Bank (AfDB) and key agencies in Japan are working towards stronger cooperation in support of Africa’s development. The Annual Meetings of the African Development Bank (AfDB) in the city of Ahmedabad, India, provided an important forum for the AfDB to partner with the Japan Bank for

Future of Africa’s youth does not lie in migration to Europe, Adesina tells G7

Abidjan, Côte d’Ivoire, May 29, 2017 – The future of Africa’s youth does not lie in migration to Europe, but in a prosperous Africa, the President of the African Development Bank (AfDB), Akinwumi Adesina, has said. Adesina, who spoke at the G7 Summit in Taormina, Italy, at the weekend, stressed the need for African countries

AfDB combines energy, agriculture explosion to kick off industrialisation

Ahmedabad, India, May 24, 2017 – The African Development Bank (AfDB) has embarked on a fund-raising drive to finance the expansion of energy with the immediate aim of connecting 200 million people with clean energy even as it continues its push to unlock barriers to effective investments in the agriculture sector. The Abidjan-headquartered development finance

US$ 829 Million Support from AfDB, Partners for Songwe River Basin Program

Abidjan, Côte D’Ivoire, May 23, 2017 – Malawi and Tanzania have agreed to work together for the development of the Songwe River Basin Program (SRBDP). This follows the signing of a Memorandum of Understanding between both parties at a ceremony held in Lilongwe, on May 18, 2017. Prepared with the support of the African Water

AfDB assesses results of US$ 5 billion investment in South Africa

Abidjan, Côte d’Ivoire, 25 April 2017 – What do we get for US$ 5 billion investment? The Independent Development Evaluation (IDEV) of the African Development Bank Group (AfDB) has just published a report evaluating more than a decade of engagement in South Africa (2004 – 2015), principally in the finance and energy sectors. Striking the