African Development Bank Group (AfDB)
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    • At the African Development Bank's financial presentation and unveiling of the Annual Development Effectiveness Review on May 26, 2022: (L-R) Hassatou N'Sele, Acting VP for Finance and CFO; Solomon Quaynor, VP, Private Sector, Infrastructure, and Industrialization; Yacine Fal, Acting VP, Regional Development, Integration and Business Delivery; Beth Dunford, VP, Agriculture, Human and Social Development; and Kevin Kariuki, VP, Power, Energy, Climate, and Green Growth.
    • Annual Development Effectiveness Review 2022 (1)
    • Annual Development Effectiveness Review 2022 (2) (FR)
    • Annual Development Effectiveness Review 2022 Cover (1)
    • Annual Development Effectiveness Review 2022 Cover (2) (FR)
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Source: African Development Bank Group (AfDB) |

Africa’s Recovery Remains Uneven; More Resources Are Needed -African Development Bank Report

With the support of the Bank’s rapid Covid-19 Response Facility, more than 300,000 small and medium enterprises received affordable finance

An African Development Bank (www.AfDB.org) report released Thursday shows that the institution was pivotal in 2021, delivering timely investments that are helping millions of Africans overcome the unprecedented challenges caused by the Covid-19 pandemic. Published annually for the past 12 years, the Annual Development Effectiveness Review analyses the Bank's role…

African Development Bank Group (AfDB)
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    • (Left to right) Acting Chief Economist and VP Kevin Urama and VP for Power, Energy, Climate and Green Growth, Kevin Kariuki, President Akinwumi Adesina unveil the 2022 African Economic Outlook
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2022: Africa’s 2021 economic rebound impacted by lingering Covid-19 pandemic and Russia-Ukraine war

Africa’s gross domestic product grew by an estimated 6.9% in 2021

Africa’s gross domestic product has recovered strongly in the last year, but the lingering effects of the Covid-19 pandemic, Russia’s invasion of Ukraine and the ensuing war could pose considerable challenges in the medium term. This is according to the 2022 African Economic Outlook, released by the African Development Bank…

African Energy Week (AEW)
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    • TAQA Arabia and Equatorial Guinea Introduce CNG Vehicles: A Key Step Towards Optimizing Domestic Gas Utilization
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Source: African Energy Week (AEW) |

TAQA Arabia and Equatorial Guinea Introduce CNG Vehicles: A Key Step Towards Optimizing Domestic Gas Utilization

The African Energy Chamber strongly supports the move taken by Equatorial Guinea to optimize its gas market through the introduction of compressed natural gas-powered vehicles

Egyptian company, TAQA Arabia, has delivered its first five compressed natural gas (CNG)-powered vehicles in Equatorial Guinea as part of an agreement signed between the firm and the Ministry of Mines and Hydrocarbons to collaborate on the development and expansion of the gas market in the central African country. The…

African Energy Chamber
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    • African Energy Chamber (AEC) Celebrates Africa Day by Addressing Energy Poverty to Achieve Food Security, Economic Growth in Africa
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Source: African Energy Chamber |

African Energy Chamber (AEC) Celebrates Africa Day by Addressing Energy Poverty to Achieve Food Security, Economic Growth in Africa

By spurring investment in energy, Africa can address both energy poverty and food security

As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) proudly celebrates Africa Day on the 25th of May 2022. This year’s celebrations take place under the African Union’s 2022 theme, ‘The Year of Nutrition’ emphasizing how the continent needs to adopt and accelerate a multisectoral…

African Development Bank Group (AfDB)
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    • African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says

Harness the collective institutional strengths of Africa for sustained transformation - President Nana Dankwa Akufo-Addo

The African Development Bank Group (www.AfDB.org)’s annual meetings officially opened on Tuesday with a ringing endorsement of the institution by the Ghanaian government and a call on member countries to back the institution as the main engine for the continent’s economic growth. Accra is host of the group’s annual gathering,…

Junior Achievement (JA) Africa
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    • JA Nominated for 2022 Nobel Peace Prize in Recognition of its Contribution to Promoting Peace Through Youth Economic Empowerment
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Source: Junior Achievement (JA) Africa |

JA Nominated for 2022 Nobel Peace Prize in Recognition of its Contribution to Promoting Peace Through Youth Economic Empowerment

JA Africa is honoring its donors and partners who have contributed to impacting the lives of more than two million young Africans who have benefitted from JA programs

Recently, JA Worldwide received a nomination for the 2022 Nobel Peace Prize. JA Africa (www.JA-Africa.org), a member of the global JA network, has been serving young people in Africa for 43 years, equipping them with the skillset and mindset to create sustainable businesses, find meaningful employment, and build thriving communities.…

Energy Capital & Power
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    • The Gambia Breaks Ground on Local Content through Progressive Legislation
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Source: Energy Capital & Power |

The Gambia Breaks Ground on Local Content through Progressive Legislation

The MSGBC Oil, Gas & Power Conference & Exhibition – organized by Energy, Capital & Power and taking place from 1-2 September – will explore developments within the Gambia’s oil and gas industry

With six blocks under exploration and another licensing round underway, The Gambia is following on the heels of both Senegal and Mauritania as the MSGBC region (https://bit.ly/3PQxLCf) embraces the boom of a revitalized oil and gas industry. Recently exceeding the $2 billion mark, the west African country’s economy is set to grow…

African Development Bank Group (AfDB)
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    • Africa’s leading financial institution will avert looming food crisis
    • Dr. Akinwumi A. Adesina, President of the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Africa’s leading financial institution will avert looming food crisis

The funds will help 20 million African farmers produce an extra 38 million metric tons of food to address growing fears of starvation and food insecurity on the continent

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved a $1.5 billion Emergency Food Production Facility to help tackle the global food crisis sparked by the Russian-Ukraine conflict. The funds will help 20 million African farmers produce an extra 38 million metric tons of food to address growing fears of starvation…

African Energy Chamber
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    • African Energy Chamber and Oil and Gas Climate Initiative (OGCI) to Host Webinar ahead of Africa Energy Week 2022
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Source: African Energy Chamber |

African Energy Chamber and Oil and Gas Climate Initiative (OGCI) to Host Webinar ahead of Africa Energy Week 2022

The partnership between AEC and OGCI is an important step in ensuring that Africa's oil and gas sector is moving towards a net zero carbon economy

The African Energy Chamber (AEC) (www.EnergyChamber.org) is pleased to announce it will co-host a series of dialogues focusing on the energy transition in the oil and gas industry with the Oil and Gas Climate Initiative (OGCI). The first dialogue, Oil and Gas Pathways to Decarbonisation in Africa, will be held…

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

Radio News Release (Soundbite): Heat-tolerant wheat varieties helped Ethiopia stop wheat imports and become a net wheat exporter, says African Development Bank President Akinwumi Adesina

The soundbite below is copyright free and can be used at will, without asking for authorization

The recording is an excerpt of African Development Bank (www.AfDB.org) President Akinwumi Adesina’s opening statement at the meeting of African Ministers of Finance and Ministers of Agriculture jointly organized by the African Union Commission and the African Development Bank Group on 19 May 2022. Its objective was to discuss the…