African Development Bank highlights the need for strategic partnerships and innovative financing mechanisms…

… to promote quality education and skills development The African Development Bank joined the Global Partnership for Education and other multilateral development banks during the Global Education Summit: Financing GPE 2021-2025(link is external), to call for stronger strategic partnerships to build innovative financing mechanisms in support of quality education and skills development. The summit was co-hosted by the President of Kenya, Uhuru Kenyatta, and U.K. Prime Minister, Boris Johnson. The Bank’s Vice President of Agriculture, Human and Social Development, Dr. […]

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The Sustainable Energy Fund for Africa reports record number of transactions in 2020, secures $90 million in new funding

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund on 31 October 2019. The report, titled Building Foundations for Success, also details the Fund’s success in attracting increased donor […]

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Africa’s potential in the blue economy highlighted in the World Water Congress

Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The maritime zones under African jurisdiction cover some 13 Million km2 and some 6.5 km2 of continental shelf. In a video(link is external) broadcast on 1 June last during the Digital World Water Congress organized by the International Water Association (IWA), the President of the African Development Bank, Dr Akinwumi A. Adesina, extolled the […]

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Building back better: African Development Bank to launch Strategy for Economic Governance in Africa

What:     Launch of the Strategy for Economic Governance in Africa 2021-2025 Who:      The African Development Bank When:     Friday, 2 July 2021, 10:30-11:30 GMT Where:    Virtual On Friday, 2 July 2021, the African Development Bank will launch a comprehensive five-year Strategy for Economic Governance in Africa (SEGA). The strategy will serve as the Bank’s operating manual for fostering public sector effectiveness at national and sub-national levels by stimulating structural transformation in Africa, and ensuring that citizens, communities and civic […]

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IDEV beats 2020 evaluation targets under trying circumstances

The Independent Development Evaluation (IDEV) function delivered a record 20 evaluation products in 2020, exceeding its targets and contributing to learning and accountability on achievement of the Bank’s High-5 strategic priorities, according to its 2020 Annual Report released on 25 May 2021. Over the last year, IDEV produced its first Management Action Record System report, tracking the implementation of evaluation recommendations. It also produced two impact evaluations, two country strategy and program evaluations, and 4 corporate evaluations, demonstrating resilience and responsiveness by […]

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African presidents and global leaders support bold action on climate change adaptation for Africa

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives. The African Development Bank expects […]

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OPINION: African agriculture is ready for a digital revolution

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by Akinwumi Adesina and Patrick Verkooijen Akinwumi Adesina is president of the African Development Bank. Patrick Verkooijen is CEO of the Global Center on Adaptation.    After a dark 2020, a new year has brought new hope. In Africa, where up to 40 million more people were driven into extreme poverty and the continent experienced its first recession in 25 years, a brighter future beckons as the economy is forecast to return to growth this year. Africa now has an opportunity […]

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In Nigeria, a mother’s search for tasty, nutritious food for her son spurs a baby food revolution

For Women’s History Month, we spotlight Oluwaseun Sangoleye, founder of Baby Grubz, a Nigerian baby food company. As a first runner-up in the African Development Bank’s 2020 AgriPitch competition, Sangoleye and Baby Grubz received a $10,000 grant from the Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. We asked Sangoleye about her journey to change the way mothers think about nutrition and feeding their babies. When Oluwaseun Sangoleye became a mother for the first time in 2012, she had no […]

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