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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...