African Development Bank Group

“It’s Time for Africa to Be Green Rich and Cash Rich” At #COP29, African Development Bank President Dr. Akinwumi Adesina highlighted the undervaluation of Africa’s vast natural capital, including its forests, carbon sinks, and renewable energy potential: 🔹 Africa holds 40% of global clean energy potential 🔹 Its natural capital is valued at $6.2 trillion — 2.5 times its GDP 🔹 Proper valuation could increase Africa’s GDP by $66.1 billion “This is a defining moment for Africa. It’s time for Africa to be green rich and cash rich, unlocking sustainable wealth for generations to come.” — Dr. Akinwumi Adesina Read Adesina’s full speech: bit.ly/4ewk9XV #AfDBatCOP29 #AfricaCOP

Bonne fête national au peuple mauritanien 🇲🇷! #Mauritanie

Today is the day! I’m thrilled to be in #Kigali for the official launch of the Country Development Effectiveness Review (CDER)—a comprehensive report showcasing the extraordinary development journey of Rwanda from 2012 to 2022 and the African Development Bank Group's pivotal role in this remarkable progress. 📚✨ One year ago, I had the privilege of embarking on an unforgettable journey through #Rwanda, traveling over 1,200 kilometers across the country—from east to west and north. 🌍 That inaugural field visit allowed me to witness firsthand the tangible impact of the Bank's partnership with Rwanda, particularly on its rural communities and most vulnerable households. It was deeply humbling to see the results up close, engage with beneficiaries, and hear their powerful stories of transformation. 💬✨ Inspired by the insights from that mission, this report highlights not only the lessons learned but also the strategic insights to shape the future of our work. 🔎💡 It reflects on a partnership that has stood the test of time, grounded in trust, collaboration, and a shared commitment to sustainable development. 🤝💚 As we celebrate 🎉 60 years of partnership between Rwanda and the African Development Bank, this launch is a moment to honor our shared achievements and set our sights on creating an even greater impact. Stay tuned as we reflect on this remarkable journey and look ahead to the future! 📖✨ #AfDB #RwandaDevelopment #SustainableDevelopment #DevelopmentImpact #ResultsMatter #InclusiveGrowth #PartnershipsThatMatter #TransformationJourney #EconomicGrowth #RuralDevelopment #EmpoweringCommunities #AfricanDevelopment #60YearsOfPartnership #DrivingProgress #InnovativeSolutions #ImpactfulStories #AfDBat60

African Development Bank Approves $4M Trade Finance Guarantee for Sierra Leone The #TradeFinance guarantee for Access Bank #SierraLeone will support small and medium-sized enterprises (SMEs), women-led businesses, and local firms. “This facility represents a pivotal moment for Sierra Leone's private sector development," said Lamin Drammeh, Head of Trade Finance at the African Development Bank. "By addressing critical financing gaps, we're enabling SMEs to participate more actively in regional and global trade, ultimately contributing to job creation and improved livelihoods," he emphasized. Launched in 2021, the Transaction Guarantee is one of the trade finance instruments offered by the African Development Bank to support local banks across Africa. Learn more about this initiative: https://bit.ly/4hUygcl #AfCFTA

African Development Fund provides nearly $18 million to Support Stability and Development in the #LakeChadBasin The funding comprises a grant of $11.11 million to #Chad and a loan of $6.86 million to #Cameroon, which will come from the concessional window of the African Development Bank Group and the Transition Support Facility, a mechanism for countries in transition. Key project goals:   ✅ Strengthen security, access to justice, and essential services; ✅ Revitalize local economies with sustainable, climate-sensitive jobs for youth and women; ✅ Promote social cohesion and regional cooperation. “This project links humanitarian and development goals while fostering peace,” said Serge N’Guessan, Bank Director General for Central Africa. More on how this project will contribute to sustainable peace and growth in the region: https://bit.ly/3CAGh6c #ImproveQualityOfLife

Over the past decade, the African Development Bank committed $55 billion to strengthening regional connectivity and integration across Africa. Key highlights: ✅ $5.5B Integrate Africa Portfolio for East Africa; ✅ Major projects like the $3.9B Electrified Standard Gauge Railway connecting Burundi, Tanzania, and the Democratic Republic of theCongo; ✅ Investments in cross-border payment systems to enhance trade and reduce costs. “Together, we can create a prosperous region ready to seize the vast opportunities offered by the AfCFTA,” said Dr. Joy Kategekwa, Director of Regional Integration at the Bank. Learn how these investments are transforming Africa’s economic landscape: https://bit.ly/3AMJ2Ri #IntegrateAfrica #AfCFTA #RegionalTrade

Renforcer les capacités pour un développement durable en #Mauritanie       La Banque africaine de développement a organisé un atelier pour former près de 70 participants sur les exigences de sauvegardes sociales et environnementales des projets qu’elle finance.       « La réussite ou l’échec d’un projet de développement dépend surtout du niveau d’engagement du porteur du projet, avec l’accompagnement du financier. La Banque africaine de développement sera toujours disponible pour accompagner la Mauritanie dans la préparation et la mise en œuvre de ses projets pour une meilleure atteinte de ses objectifs de développement », souligne Modeste Kinane, responsable des questions environnementales et sociales à la Banque africaine de développement.       L'objectif de cet atelier était de fournir des outils aux parties prenantes pour une mise en œuvre efficace des mesures de prévention et d’atténuation.      Grâce à la Banque africaine de développement, les acteurs locaux sont mieux équipés pour intégrer les exigences environnementales et sociales dans les projets financés par l'institution.       Plus d'information sur cet atelier : https://bit.ly/4eztEWc #DéveloppementDurable #Environnement

Missed the opening day of the 2024 African Economic Conference? From a clear call to action from Duma Boko, President of Botswana to the presentation of the African Development Bank's new Ten-Year Strategy, #2024AEC got off to a captivating start. CATCH up below ⬇️

The #AfricaInvestmentForum is transforming investment in #Africa. Come 4 December, global investors, heads of development finance institutions, and business and government leaders will gather in Rabat, #Morocco, for the 2024 Market Days.    WATCH the video below to see what’s in store at #AIF2024.   

At the African Development Bank Group, we stand firmly against #GenderBasedViolence and remain committed to creating safer, more inclusive communities for women and girls. Gender-based violence (GBV) is not just a violation of human rights; it impacts economic productivity, limits opportunities, and hinders sustainable development. Through our investments in safer infrastructure, public awareness campaigns, and programs promoting financial independence for women, we are working to break the cycle of violence and foster resilience. WATCH, as Bank staff speak out against #GBV ⬇ #NoExcuse #16DaysOfActivism #InvestInWomen