African Development Bank Group to unlock significant additional resources for low income countries—Adesina
The Board of Governors of the African Development Bank Group has approved management’s request to leverage the equity of the African Development Fund, to mobilize more resources on the capital markets. The Fund is the Bank’s concessional lending window.
African Development Bank President, Akinwumi Adesina, and heads of intergovernmental organisations and African development finance institutions following a meeting in Sharm El-Sheikh, Egypt on 25 May 2023.
Your Excellencies,
The partial credit guarantee will enable the African Fertiliser and Agro-Industry Partnership (AFAP) to provide fertilisers to 550,000 smallholder farmers in Tanzania through suppliers and major distributors.
African Development Bank VP Marie Laure Akin-Olugbade (center left) and Ethiopia’s Finance Minister Ahmed Shide (center right) chaired the 17th Ministerial Roundtable of the Horn of Africa Initiative in Sharm El Sheikh, Egypt.
What: African Development Bank participates in the World Circular Economy Forum (WCEF)
AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra...
(From left) AfDB VP Kevin Kariuki, GCA Acting Africa Regional Director Charles Nhemachena, AfDB Director Anthony Nyong and AfDB Manager Gareth Phillips during a session on the Adaptation Benefits Mechanism
Panelists on a 2023 Annual Meetings session organized by the Government of Egypt on the Role of Fintech in Unlocking Sustainable and Green Finance.