The African Development Bank appoints Ms Yacine Fal as Acting Vice President, Regional Development, Integration and Business Delivery

The African Development Bank Group is pleased to announce the appointment of Ms. Yacine FAL, currently Director General, Cabinet Office of the President, as the Acting Vice President, Regional Development, Integration and Business Delivery of the African Development Bank Group. Her appointment is effective from 17 December, 2021. In her current position as Director General, Ms. Fal oversees the administrative and operational work and activities of the Cabinet Office of the President. This includes providing oversight of all units and […]

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Dr. Alex Mubiru appointed Acting Director General, Cabinet Office of the President of the African Development Bank Group

The African Development Bank Group is pleased to announce the appointment of Dr. Alex Mubiru as Acting Director General, Cabinet Office of the President, effective from December 17, 2021. Dr. Mubiru, a citizen of Uganda, will hold this position until further notice, given the appointment of the Director General of the Office of the President, Yacine Fal, as Acting Vice President for Regional Development, Integration and Business Delivery. In addition to his role as Acting Director General, he will retain […]

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Stephen Ashcroft Appointed the African Development Bank’s Director of Corporate Services and Procurement

The African Development Bank Group is pleased to announce the appointment of Mr. Stephen Ashcroft as Director, General Services and Procurement, with effect from 16 February 2022. Mr. Stephen Ashcroft, a British national, brings more than 25 years of progressively responsible managerial experience in procurement and related fields. He is joining the Bank after a career at AECOM, a Fortune 500 multinational infrastructure consultancy. His last role was as Commercial Director at NEOM, Saudi Arabia, the world’s largest construction program […]

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The African Development Bank’s efforts to Ending Gender-Based Violence

0 December 16 Days of Activism against Gender-based Violence – What does it take? The African Development Bank’s efforts to Ending Gender-Based Violence – 25 November – 10 December A statement from Dr. Beth Dunford Vice President for Agriculture, Human and Social Development The African Development Bank is marking this year’s 16 Days of Activism against Gender-Based Violence campaign from 25 November to 10 December. This is a time to reflect on how gender-based violence is affecting our society and […]

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African Development Bank Board approves new Water Strategy for 2021-2025

The five-year Strategy aims to increase water security and foster sustainable, green and inclusive growth and development in Africa The Board of Directors of the African Development Bank has approved a new Water Strategy for 2021-2025: “Towards a Water-Secure Africa.” The five-year strategy, approved on 17 November 2021, aims to increase water security in Africa, and to foster its sustainable, green and inclusive socio-economic growth and development. “This is a significant milestone for the Bank in terms of seeing water […]

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Mozambique: African Development Bank Group approves $36 million grant for power scheme

…that includes refugees and internally displaced persons UN workers deliver relief items to internally displaced people in Corrane Site in Nampula Province. The Board of Directors of the African Development Bank Group has approved a grant of $36 million to support a power scheme in Mozambique that also covers displaced persons and refugees. The Mozambique Energy for All Project will increase the number of residential connections to the electricity grid, enhance power exports and improve domestic and regional supply quality. […]

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South Africa: African Development Bank approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd, South Africa’s public electricity utility—and Africa’s largest— to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources.  The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering Battery Energy Storage Systems Project is being co-financed with the World Bank […]

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African Development Bank and AfCFTA Secretariat partner to stimulate industry

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. We want to have a critical mass of AfCFTA-aligned investments.” Adesina said the Bank would support the AfCTA Secretariat in […]

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