Kenya to chair AfDB’s board of governors for one year
The Africa Development Bank (AfDB) has on Friday selected Kenya as the next chair of the board of governors for one…
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AfDB Annual Meetings 2023
South Africa’s Godongwana named Minister of Finance of the Year at AfDB Annual Meetings…
South Africa’s Finance Minister Enoch Godongwana has been named the Minister of Finance of the Year at the African…
Afreximbank awarded Bank of the Year at AfDB’s Annual Meetings 2023
The African Export–Import Bank (Afreximbank) has been named the 2023 Bank of the Year by the African Development…
AfDBAM2023: AfDB launches its Annual Development Effectiveness Review
The African Development Bank (AfDB) has just launched its Annual Development Effectiveness Review 2023 (ADER) on…
Fintech startups raise $250 million in Egypt: CBE sub governor
Fintech startups have raised $250 million in Egypt said Rasha Negm, Assistant Sub-governor of fintech, during the…
New financial technologies can unlock green finances in Africa: UNDP official
Introducing new financial technologies offers the potential to unlock green finance in Africa, said Aiaze Mitha,…
Africa’s 0.2% shares of global green bonds need to get higher- AfDB Chief
Africa’s shares of global green bonds represent 0.2 percent of two trillion dollars, said president of the African…
Hassan Abdalla at AfDB Meetings: Mitigating risks key to unlock full potential of private…
Egyptian central bank governor Hassan Abdalla has on Wednesday stressed on the importance of mitigating risks and…
Africa’s climate finance discussed – African Economic Outlook 2023
The African Development Bank Group's (AfDB) vice president, Kevin Urama, has tackled on Wednesday the current role…
Africa offers private sectors investment opportunities in green development area
Africa offers the private sector trillion-dollar investment opportunities in green development sectors, including…
AfDB: Africa’s real GDP to grow 4.1% in 2023
Africa’s average real GDP growth is projected at 4.1 percent in 2023 from 3.8 percent in 2022, said African…
$1.5 bln renewable energy projects presented at AfDB’s 2023 meeting
The African Development Bank Group’s 2023 meeting witnessed on Tuesday the Africa Investment Forum (AIF) presenting…
Adesina addresses climate financing at AfDB’s 2023 annual meetings
Akinwumi Adesina, President of the African Development Bank Group (AfDB), addressed on Wednesday the issue of poor…
AfDB chief warns African leaders against selling lithium’s resources at lower prices
The African Development Bank Group’s (AfDB) president has warned leaders in Nigeria and other countries on the…
AfDB 2023 Annual Meetings: Somalia requires financial mechanisms to support economic…
Somali Prime Minister Hamza Abdi Barre said on Tuesday that the state requires dedicated financial mechanisms to…
Egypt’s central bank receives wide praise for hosting AfDB Annual Meetings 2023
The Central Bank of Egypt (CBE) has received a wide praise for hosting the Africa Development Bank’s (AfDB) Annual…
AfDB 2023 Annual Meetings: Egypt’s PM urges for critical review of Africa’s economic…
Egyptian Prime Minister Moustafa Madbouly has on Tuesday urged for a critical review of Africa's economic…
AfDB raises clean tech investments to 45% – UAE’s industry minster
The African Development Bank Group (AfDB) has raised clean technology investments to 45 percent, up from nine…
Sisi: Africa needs $200 bln annually for sustainable development
President Abdel Fattah al-Sisi said on Tuesday that Africa needs $200 billion to annually to reach sustainable…
Egypt continues its leading support to Africa – Sisi
Egypt’s President Abdel Fattah al-Sisi said on Tuesday that the North African country continues to support efforts…
AfDB launches AAA programme to mobilise $25 bln to confront climate change
The African Development Bank Group (AfDB) has launched the African Adaptation Acceleration Programme (AAAP) to…
AfDB annuals meetings 2023 discusses challenges facing MDBs
The African Development Bank Group’s Annual Meetings 2023 kicked off on Monday the first side event addressing the…
Sisi: Africa needs $108 bln annually for infrastructure
Egypt's President Abdel Fattah al-Sisi said that Africa needs $108 billion each year for its infrastructure on…
Egypt c.bank governor urges financial innovation for better climate adaptation in Africa
Egyptian central bank governor Hassan Abdalla has called on Tuesday for further innovative financing mechanisms to…
Hassan Abdalla: Total flows cover only 12% of climate finance needed in Africa
Egyptian central bank governor Hassan Abdalla said on Tuesday that it is crucial to unlock additional resources to…
Insufficient climate financing is “choking” Africa – AfDB’s President
Akinwumi Adesina, African Development Bank Group (AfDB), emphasised on Monday the dire need for sufficiently…
AfDB aims to expand discussion with IMF over SDRs, debt relief
The African Development Bank’s (AfDB) chairman praised that it is important to expand the discussion around debt…
AfDB aims to raise $10 bln from private sector investment
The African Development Bank Group’s (AfDB) president, Akinwumi Adesina, said that the bank is seeking to mobilise…
BREAKING: AfDB to support heat tolerant wheat varieties programme in Egypt
The African Development Bank (AfDB) is working with authorities in Egypt on a new programme to support the country…
Kenya’s 3rd green bond oversubscribed
Kenya’s third green bond was oversubscribed, announced president of the African Development Bank Group (AfDB),…
AfDB 2023 Annual Meetings to release AEO report
The African Development Bank Group (AfDB) will launch the 2023 edition of its flagship African Economic Outlook…
President of Zimbabwe heads to Egypt for AfDB Annual Meetings 2023
President Emmerson Mnangagwa of Zimbabwe is heading to Egypt to join over 3,000 delegates at the 58th Annual…
58th AfDB Annual Meetings kicks off in Egypt’s Sharm El Sheikh
The 58th Annual Meetings of the Board of Governors of the African Development Bank Group (AfDB) and the 49th…
AfDB plays key role in fostering economic development in continent – CBE governor
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Chairman of the Board of Governors of the African…
Hassan Abdalla, Akinwumi Adesina inspect final preparations for AfDB Annual Meetings 2023
Egyptian central bank governor Hassan Abdalla has received Monday morning African Development Bank (AfDB) president…
AfDB’s Annual Meetings 2023 to host African Pharmaceutical Technology Foundation event
The African Development Bank (AfDB) is hosting on Monday a high-level event on the African Pharmaceutical…
Egyptian financial watchdog chief to partake in AfDB Annual Meetings IFRS session
The Egyptian financial watchdog head will participate in a plenary session on IFRS sustainability disclosure…
AfDB launches green bank to accelerate sustainable growth
The African Development Bank Group (AfDB) is launching a new green bank to decarbonise several sectors of the…
Juniors’ climate change efforts to be maximised ahead of AfDB’s Annual Meeting
Karen Wanjiru Kimani, young African environmentalist, has called for more inclusion of the young in climate change…
AfDB working to secure $3bln to compensate Zimbabwe’s white farmers
The African Development Bank Group (AfDB) had developed the financial tools required to pay $3 billion in…