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African Development Bank Group (AfDB)

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    • The partner countries of the African Development Fund announced today a record contribution of US$11 billion for the next three years
    • The President of the African Development Bank Group, Sidi Ould Tah, who was leading his first African Development Fund negotiations, secured exceptional support to replenish the Fund's resources and advance its development program based on the Four Pillars
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Source: African Development Bank Group (AfDB) |

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

For the first time in the Fund’s history, 23 African countries have made unprecedented contributions to their own concessional financing window

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group (www.AfDB.org), has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history, despite severe global fiscal constraints and declining aid budgets. The outcome represents a 23%…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Liberia secures Global Environment Facility (GEF) approval for landmark mercury-reduction project in the gold mining sector, backed by the African Development Bank Group

The initiative marks Liberia’s entry into the planetGOLD programme, a global effort supported by the GEF that has already assisted more than 20 countries in reducing mercury use while improving environmental health and livelihoods

The Global Environment Facility (GEF) has approved a transformative project developed by the Environmental Protection Agency (EPA) of Liberia and supported by the African Development Bank Group (www.AfDB.org) to dramatically reduce mercury pollution from artisanal and small-scale gold mining (ASGM). The project, with $7.67 million in GEF financing and an…

Afreximbank

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    • L- R: Dr Mohamed Ibrahim, Clinical Director of Cardiovascular Services, AMCE, Mr. Anshul Govila, COO, AMCE, Mr. Brian Deaver, CEO, AMCE, Dr Aisha Umar, COO, AMCE and Dr Boules Gabriel, Clinical Director Oncology, AMCE at the AMCE open heart surgery and Stereotactic Body Radiation Therapy (SBRT) milestone press briefing
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Source: Afreximbank |

The African Medical Centre of Excellence (AMCE) achieves two landmark successes as it completes its first Open-Heart Surgery and delivers West Africa’s first Stereotactic Body Radiation Therapy (SBRT) for lung Cancer

Landmark procedure strengthens Africa’s capacity for complex cardiac care, reducing reliance on overseas medical travel

Only six months since its opening in June this year, the African Medical Centre of Excellence (AMCE) in Abuja is redefining top-class medical care in West Africa, achieving two ground-breaking clinical milestones. The world-class tertiary medical facility developed by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in partnership with King's College Hospital London,…

African Development Bank Group (AfDB)

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    • Monique Mulo Itala, registered nurse at the Mama wa Elikya health centre in Mbandaka (Equateur province), which receives hygiene kits as part of the response against the mpox virus in the DRC
    • The Emergency Assistance Project to combat mpox, funded by the African Development Bank and implemented by the WHO, has made it possible to vaccinate thousands of people in the Congolese province of Equateur
    • Hand-washing demonstration at a school in Mbandaka: children aged 0-15 accounted for 63 percent of suspected cases of mpox and 80 percent of deaths in the country
    • A resident of Mbandaka proudly presents her hygiene kit, her eyes full of hope for a future without the mpox virus in her community
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Source: African Development Bank Group (AfDB) |

From fear to hope: How Democratic Republic of Congo’s (DRC) Equateur province turned the tide on mpox

The province is not only celebrating the decline of the mpox virus, but also paying tribute to the community’s solidarity and determination that made it possible

In Mbandaka, the capital of the Democratic Republic of Congo’s Equateur province, the past few months have tested the resolve of health workers at the Mama wa Elikya centre. As cases of mpox -- formerly known as monkeypox-- rose steadily, carers worked under the constant shadow of fear and uncertainty,…

African Development Bank Group (AfDB)

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    • As the concessional window of the @AfDB_Group, the African Development Fund has provided more than US$45 billion in grants and low-interest loans to 37 low-income countries in Africa since 1972
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Source: African Development Bank Group (AfDB) |

High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs

Over the last five decades it has been instrumental in improving the lives of tens of millions across the 37 low-income countries it serves, amid mounting climate, economic and security pressures

The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) (www.ADF.AfDB.org) in London from 15-16 December, convening donor countries to back Africa’s next chapter of growth. The Fund, established in 1972 as the concessional arm of the…

Afreximbank

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    • L-R: Eng. Mohamed El Dahshoury, CEO of Hassan Allam Construction, Eng. Hassan Allam, CEO of Hassan Allam Holding, Dr. George Elombi, President and Chairman of Board of Directors of Afreximbank, Eng. Suha Abou and Dr. Abdul Aziz of EHAF Consulting Engineering
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Source: Afreximbank |

Hassan Allam Construction Awarded a landmark USD 250 million contract to build the iconic Afreximbank African Trade Centre in Egypt's New Capital

The project encompasses the full construction and finishing of a comprehensive development that will serve as Afreximbank's global headquarters

The complex will host a full suite of modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an innovation and SME incubation centre, a business centre, a 110-room apartment hotel, a 750-seater modern conference centre and a corporate museum, among other facilities. Scope covers construction,…

African Development Bank Group (AfDB)

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    • AfDB's Country Manager for São Tomé and Principe Pietro Toigo (left) and Gareth Haddad Guadalupe, Minister of Economy and Finance, at the signing of a new $18 million grant financing
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Source: African Development Bank Group (AfDB) |

African Development Bank and São Tomé and Príncipe sign three new grant financing agreements

Signed on Thursday at the São Tomé and Príncipe Investment Forum in Brussels, the three agreements will support energy, climate-smart agriculture, and integrated water-energy-food security

The African Development Bank Group (www.AfDB.org) and the Government of São Tomé and Príncipe have deepened their development partnership with $18 million in new grant financing. Signed on Thursday at the São Tomé and Príncipe Investment Forum in Brussels, the three agreements will support energy, climate-smart agriculture, and integrated water-energy-food…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group welcomes Canadian Africa Envoy for discussions to reshape cooperation

The Senior Vice-President highlighted opportunities for strengthening partnership through business opportunity seminars that are held twice a year

The Senior Vice-President of the African Development Bank Group (www.AfDB.org) Marie-Laure Akin-Olugbade welcomed Canada's Special Envoy for Africa, Ambassador Ben Marc Diendéré, to the institution's headquarters. The cordial meeting was marked by frank discussions, putting the relationship between Canada and the Bank on a new footing. "Canada is a partner and…

Watu
Source: Watu |

The Next Decade of Inclusion: From Access to Acceleration (By Andris Kan̄eps)

Over the past decade, Watu has expanded to eight African countries and two in Latin America, supporting more than 5 million customers whose livelihoods underpin urban movement and economic circulation

By Andris Kan̄eps, CEO – Watu (https://WatuAfrica.com). Ten years ago in Mombasa, our work began with a simple but ambitious question: What would happen if more people in the informal economy had access to the tools they needed to earn a stable income? The answer, as we have learned over…

Islamic Development Bank Institute (IsDBI)
Source: Islamic Development Bank Institute (IsDBI) |

Islamic Development Bank Institute (IsDBI) and Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) Celebrate Graduation of First Cohort of Entrepreneurial Mindset Development Program

Twenty-nine entrepreneurs from 20 IsDB Member Countries successfully completed the program, which included online learning modules as well as rigorous in-person training delivered by MBSC faculty and IsDBI experts

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) and Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) celebrated the graduation of the first cohort of the Entrepreneurial Mindset Development Program, a flagship joint initiative designed to nurture entrepreneurial leaders across IsDB Member Countries. The ceremony took place on 11…