Issue 9: Africa’s Premier Financial Institution Turns 60, Pragmatic Policies for Economic Growth, and Stimulating Innovation in Angola

Issue 9: Africa’s Premier Financial Institution Turns 60, Pragmatic Policies for Economic Growth, and Stimulating Innovation in Angola

In this edition of our newsletter, we invite you to follow along as we celebrate the 60th anniversary of the African Development Bank, share valuable insights on each of our 54 regional member countries through the Country Focus Reports, tell inspiring stories of investing in #Angola’s youth, and pave the way for cleaner cooking solutions across the continent. 


#AfDBat60: The Bank Turns 60 Years Old!  

The African Development Bank is celebrating 60 years of #MakingADifference in Africa! It all started in Khartoum, Sudan, in September 1964, when representatives of 25 African countries agreed on the vision of a Bank that could drive economic development across Africa by mobilising additional capital.   

Since then, the Bank has played a defining role in shaping and advancing the sustainable economic transformation of 54 African countries.   

We want you to be part of the celebrations. Click here to watch some goodwill messages to mark #AfDBDiamondJubilee, then share yours using the hashtag #AfDBat60. 


Cooking Up a Brighter, Cleaner Future in Africa 

Imagine a world where cooking doesn't come with a side of health hazards. That's the future the African Development Bank is working towards with its $2 billion investment in #CleanCooking solutions across Africa.  

In Nairobi's Mukuru settlement, residents like Aurelia Aureh are already feeling the difference. Thanks to innovative companies like M-Gas, families are swapping smoky charcoal for clean, affordable gas. It's not just easier on the wallet – it's an actual breath of fresh air.  

From pay-as-you-cook models to smart meter technology, these solutions are revolutionising how Africa cooks.  

Click here to read the full story and see how Africa is cooking up a brighter, cleaner future, one household at a time.   


2024 Country Focus Reports: Pragmatic Policies for Economic Growth   

This year’s reports are out! The 2024 Country Focus Reports provide an overview of the short, medium, and long-term policy insights from the Bank on each of its 54 regional member countries.  

Click here for timely evidence and analysis on the continent’s growth, as well as valuable recommendations on how African countries can better leverage private sector finance, attract climate financing, advance the reform of multilateral development banks, tackle debt burdens, and finance structural transformation. 


Stimulating Innovation for Angolan Youth  

Angola has the second fastest rate of population growth in Africa, with young people making up half of its 35 million inhabitants. At a time when the country is increasingly developing into one of Africa’s leading logistics hubs, it is important to ensure that youth and women are not left behind by the process of economic transformation.   

To support youth employment and entrepreneurship, the African Development Bank has committed to training more than 95,000 young people in digital technology and in Technical and Vocational Education and Training for climate-smart agriculture and transport, through a $79.08 million loan to the Republic of Angola.  

Click here for details.


News    

African Development Bank’s AfriCircular Innovators Programme names 30 small and medium enterprises to receive assistance to scale up circular economy solutions    

Burundi’s largest electricity substation, co-financed by the African Development Bank Group, will increase national electricity access by seven percent  

Zambia: More than 460,000 people will soon have access to improved water and sanitation due to a loan of $13.2 million from the African Development Fund    

Benin: the African Development Bank supports a study aimed at strengthening the textile industry through the private sector         


Upcoming Events  

2-6 September: Africa Food Systems Summit – Kigali, Rwanda  

17-19 September: AfDB Development Evaluation Week – Abidjan, Côte d'Ivoire  

18-19 September: 2024 African Development Bank Transport Forum (ATF24) – Abidjan, Côte d'Ivoire 

25-27 September: Second Edition of the Innovate Africa Symposium: Strengthening Data Governance in the African Data Ecosystem – Kigali, Rwanda  

Click here for our full events calendar.


Work with us   

Division Manager, Corporate Procurement  

Chief Water Development Officer (AHWS)  

Consultants, Climate Change and Green Growth (PECG)    

Find more #AfDBJobs here.   


Stay informed and engaged

Stay informed with insights and stories that matter from the African Development Bank Group. Subscribe to our newsletter for updates delivered directly to your LinkedIn inbox.  


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Join our growing online community. Follow us on social media for daily news, behind-the-scenes glimpses, and more.   

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Fausto Flores Albán

Principal Chief Executive Officer en Bengala P. REPRESENTACIONES FLOAL CIA.LTDA

1mo

Saludos a #inversores y seres humanos que se preocupan por la humanidad,  por el Planeta, por la conciencia de un Mundo para tod@s. Desde el Centro del Mundo, #Ecuador, buscamos #tecnología, #inversores para cuidar, para no matar y preservar la #naturaleza y el humanismo a favor de contribuir a la #SeguridadAlimentaría y tener una sociedad humanisada en conciencia y espíritu. El Centro del Mundo grita que quiere preservarse, somos el pulmon de la humanidad, somos el agua del Mundo, somos la #megadiversidad y equilibrio de un Planeta. Queremos salvar a la humanidad basados en la #Asociatividad y #Cooperativismo para desarrollar una #AgriculturaOrgánica con respeto a la Naturaleza, aprovechando de debida forma los recursos y frutos de la Tierra con #CentrosdeAcopio y #CentrosdeIndustrialización para dar valores agregados y diversificando los frutos de la Tierra y así ser eficientes, eficaces, responsables y propositivos con y para la Humanidad. #cvadbraniit es la forma y el sistema.  Tú eres el verdadero #inversor??? flores@representacionesfloal.com www.cvadbraniit.com

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Handsome Osakue

Purchasing / Receiving at Westin Hotel ( HEI )

3mo

Congratulations African Development Bank. Let's make a better Africa. One country at a time. Hopefully we will become, the United Countries Of Africa. (UCOA).

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Fernand M. Nzamurambaho, MS., Eng.

Business Development Manager | East Africa

3mo

CanGreat advice @cc

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Daniel Okafor

National President Potato Farmers Association of Nigeria

3mo

Very informative and congratulations

Christian Kelch

Executive Producer - Real Estate -Finance- Mining- Hemp

3mo
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