Tag: AFDB
Youth entrepreneurship investment banks must become the focus of global support-...
Adesina was speaking at a virtual roundtable at which he presented a novel concept for youth entrepreneurship investment banks
Africa’s underinvested youth are in need...
AfDB business opportunities seminar draws 450 delegates
Delegates were informed about the Bank’s strategy for supporting economic growth, its priority areas, rules and procedures for project and corporate procurement
The African Development...
AfDB provides $320 000 grant funding for ECOWAS digital financial operations
The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank
The Board of Directors of...
S&P Global affirms African Development Bank’s AAA rating with stable outlook
In a letter, dated 29 January 2021, S&P Global Ratings noted the Bank’s $115 billion capital increase, approved by its shareholders in October 2019
Ratings...
AfDB’s Board of Directors approves the Bank’s borrowing program for 2021
The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing...
AfDB To Establish Pan- African Agric Finance Fund
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that the bank is partnering with relevant stakeholders, “to design a...
African Development Bank calls for Faster Industrialisation of African Economies
The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies
At the forefront...
AfDB AgriPitch competition awards $120,000 in prizes to African youth “agripreneurs”
The AgriPitch competition offered young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals to a panel of experts and investors
The...
AfDB grants $500,000 for capacity development of MSMEs in Ugandan petroleum...
The project aims to support inclusive private sector growth and the creation of an estimated 500 jobs along the pipeline
The African Development Bank and...
AfDB Announces Konexa Winner of “African Utility of the Future” Competition
Winning company Konexa named during final panel of Africa Energy 2020, receiving prize fund of USD $5,000. The competition inspired team-building and innovative ideas...
