Home African Development Bank

African Development Bank

African Development Bank Rebuts World Bank President’s comments on Africa’s debt profile

African Development Bank Group (AfDB)

In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank (https://www.AfDB.org), have a tendency to lend too quickly and in the process, add to the continent’s debt problems.

Download Document: http://b

AfDB approves $210 million loan for this West African nation’s power transmission project

The African Development Bank (AfDB) has approved a $210 million loan to help the West African nation upgrade its dilapidated electricity transmission and distribution network.

Op-Ed: Mainstreaming gender in African policy making: Ensuring no voice is unheard

Despite remarkable progress made on women’s participation in policymaking, Africa is still far from achieving the 50 percent gender parity target set by the UN’s Sustainable Development Goals (SDGs).

Op-Ed: How the AFAWA initiative is empowering women to propel Africa forward

In African cultures, women play a nurturing role, they are the backbone of the continent. Yet, they face a $42 billion-dollar financing gap with over 3/4 of them being financially excluded. The AFAWA initiative is a direct response to the challenges faced by women in Africa, and the need to unlock access to finance.

Global Gender Summit 2019: “Put prejudice behind us and give women access to finance” says Akinwumi Adesina

African Development Bank President Akinwumi Adesina has called for greater access to finance for African women when he addressed the inaugural session of the Global Gender Summit.

First ladies’ panel seeks urgent policies to translate Africa’s demographic dividend into viable potential

The panel, made up of First Ladies Kagame, Margaret Kenyatta, ministers and development experts, observed that too many women and girls still face barriers to basic rights, particularly access to labour market opportunities.

Op-Ed: Getting women in the driver’s seat of Africa’s agribusiness revolution

Women are the backbone of Africa’s agricultural sector. While their influence on the continent’s growing agribusiness industry is undeniable, more solutions are needed to address the gender-specific challenges they face to boost their participation.

Op-Ed: Raising capital to finance development – the AfDB as innovator and catalyst

Africa’s financing needs will remain very large over the next few decades. Both public and private capital formation will be necessary to pursue the necessary structural transformation of African economies into industrial and post-industrial societies.

Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

In much of Africa, 60% or more of the working population is employed in agriculture. And yet agriculture only contributes about one quarter of Africa’s GDP, with the continent mainly producing and exporting raw products and importing significant amounts of processed food.

Latest

Is the S&P 500 likelier to hit 2,900 or 1,800 by the end of 2020? | Capital Connection

Stephane Monier of Lombard Odier Private Bank outlines the two scenarios which could play out for the markets, and gives his potential targets for the S&P 500 under each one.

Expecting deep recession followed by sharp recovery: Goldman Sachs strategist | Squawk Box Europe

Silvia Ardagna, managing director of the investment strategy group at Goldman Sachs Private Wealth Management, shares her outlook for the economy amid the coronavirus crisis.

Expect ‘very significant topline decline’ for luxury brands: Analyst | Squawk Box Europe

Luca Solca, senior research analyst for global luxury goods at Bernstein, outlines how the coronavirus crisis is impacting the luxury sector.

Little chance that an OPEC+ deal will save the oil market from virus slump | Capital Connection

Victor Shum of IHS Markit says an agreement between Saudi Arabia and Russia looks unlikely and any production cut is too little too late.

New tool may be able to predict severe COVID-19 cases, NYU professor says | Squawk Box Europe

Professor Anasse Bari of NYU's Courant Institute of Mathematical Sciences outlines how machine learning and artificial intelligence could help in the fight against the coronavirus crisis.