The African Development Bank Group (www.AfDB.org) announced its adoption of climate resilient debt clauses (CRDCs) today, joining major creditors and international development banks at a COP28 session organized by the UK, Barbados and the InterAmerican Development Bank under the auspices of the Bridgetown Initiative (https://apo-opa.co/3NqrEVn). Borrowing nations will get a debt payment respite up to two years when disasters strike. Seventy-three countries worldwide (https://apo-opa.co/41qNT3l), including many of the most climate […]

A number of dedicated events and exhibitions took place in Africa this year to spark discussions and inspiration to see the continent rise. Among them were top energy and infrastructure gatherings that confirmed Africa could become the world’s largest energy market. To truly understand the continent’s evolving energy sector, the African Energy Chamber’s State of African Energy 2024 Outlook delves into the realities and possibilities. Africa’s energy sector is growing […]

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has appointed Yacine Fal as his Special Representative to the Africa Investment Forum, effective December 15, 2023. The Africa Investment Forum was launched in 2018 to leverage the collective resources of its co-founders and reduce the continent’s infrastructure investment gap. Its founding partners are the African Development Bank Group, Africa50, Afreximbank, the Africa Finance Corporation, the Development Bank of Southern Africa, […]

Afrobarometer (https://www.Afrobarometer.org) delivered African citizens’ demand for urgent climate action to the 2023 UN Climate Change Conference (COP28) last week, underscoring the commitment of the continent’s leading survey research organisation to integrating African perspectives into the global climate discourse. Speaking to key climate change stakeholders gathered in Dubai, Afrobarometer Director of Communications Nafissatou Diouf and Knowledge Manager Josephine Sanny shared recent survey findings showing widespread concern and support for climate […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org), the knowledge beacon of the IsDB Group, and the Bahrain Institute of Banking and Finance (BIBF), the leading training and development provider in the region, signed a strategic partnership agreement to collaborate for Islamic finance capacity development. The agreement was signed on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference, held in Bahrain on 28-29 November 2023. Representing the BIBF in […]

African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Yacine Fal as his Special Representative to the Africa Investment Forum, effective December 15, 2023. The Africa Investment Forum was launched in 2018 to leverage the collective resources of its co-founders and reduce the continent’s infrastructure investment gap. Its founding partners are the African Development Bank Group, Africa50, Afreximbank, the Africa Finance Corporation, the Development Bank of Southern Africa, […]

Despite considerable efforts by governments and partners, food insecurity continues to worsen in West and Central Africa with the number of hungry people set to reach a staggering 49.5 million people between June and August 2024 – a four percent increase compared to 2023, according to a regional food security analysis released today. The trend is particularly worrying in coastal countries, where the number of women, men, and children facing […]

The IMF Executive Board completed the third review under the 36-month Extended Credit Facility (ECF) arrangement with Cabo Verde, providing the country with access to SDR 4.5 million (about US$6 million), and approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF), in the amount of 100 percent of quota (SDR 23.69 million, about US$31.45 million); Performance under the economic reform program is strong, and the authorities are taking […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to receive a positive evaluation from the World Intellectual Property Organization (WIPO) regarding the patentability of its groundbreaking Smart Stabilization System. WIPO has acknowledged the Stabilization System as a novel, inventive, and industrially applicable solution, signaling its significant potential for international patent recognition. This favorable evaluation underscores the distinctive and innovative nature of IsDBI's knowledge solutions. The primary objective of the Smart […]