The African Development Bank Group’s annual meetings officially opened on Tuesday with a ringing endorsement of the institution by the Ghanaian government and a call on member countries to back the institution as the main engine for the continent’s economic growth.
Accra is host of the group’s annual gathering, which for the first time since 2019 will see in-person sessions.
Annual Meetings 2022: President Adesina’s speech at the Opening Ceremony
Carlos Yum, Director of the Mphanda Nkuwa hydropower project Implementing agency (left), Mozambican president Filipe Nyusi, African Development Bank President Akinwumi Adesina and African Development Bank Vice President Kevin Kariuki following the signing of an advisory services agreement between the government and the African Development Bank for the $4.5bn Mphanda Nkuwa hydropower project.
The African Development Bank has signed an agreement with Gabinete de Implementação do Projecto Hidroeléctrico de Mphanda Nkuwa, an implementing entity, to provide advisory services for the development of the $4.5 billion 1,500 MW Mphanda Nkuwa Hydro Power Project in Mozambique.
The agreement was signed Tuesday on the side-lines of the Bank’s Annual Meetings, which are taking place in Accra from 23-27 May.
« I’m optimistic. Africa will not experience a food crisis », African Development Bank president said, on may 23 in Accra
African Development Bank Group President Dr. Akinwumi Adesina on Monday outlined the Bank's plans to address the looming food crisis threatening Africa as a result of the war between Ukraine and Russia.
Annual Meetings 2022: Highlights of Day 4
Au Niger, la Banque africaine de développement accompagne les populations de Tillabery et Maradi en matière de sécurité alimentaire.
In 2017, 32-year-old Hamsa Hamidou of Simiri in southwest Niger’s Tillabéry region, was given a cow. Three years later, he sold it and used the money to buy a sheep and ewe. “I fattened them and then sold them. I continued this way and three years later, I had four ewes, three sheep, and a cow,” he says.
In the DRC, thanks to the African Development Bank, the renovation of several sections of road has made it easier to sell agricultural products.
In the early 2010s, Godelive Ngalula, a trader from Kikwit, the main town of Kwilu Province in the Democratic Republic of Congo, spent a week to travel the 350 kilometres (km) to Tshikapa in Kasaï Province and 50,000 Congolese francs (about $24.5) on food. A decade later, the situation has changed. “The trip takes only about a day thanks to the better road. Travel costs have dropped from $80 to $20 and I spend only 2,000 Congolese francs, or $1, on food,” she says happily.
President Adesina addressing diplomats and development partners at a breakfast meeting during a three-day visit to Ghana ahead of the Bank Group’s 2022 Annual Meetings slated for May 23-27 in Accra.
African Development Bank Group President Akinwumi Adesina has urged international development agencies in Africa to rally behind his institution’s efforts to mobilize more resources to help build resilience for sustainable development across Africa.
Today, Africa remains one of the most vulnerable and the least climate-resilient regions in the world. Picture: Floodwaters in the town of Bushmans River in the Eastern Cape of South Africa.
Of all continents, Africa is least responsible for climate change. It has contributed only a minute part of the Greenhouse gas emissions that are responsible for the climate emergency the world faces today. Yet, Africa faces the same arduous battle as the rest of the world to tackle the impacts of climate change, and to make itself resilient to climate change.
Ghana’s Finance Minister Kenneth Ofori-Atta, current chair of the African Development Bank Group’s Board of Governors, speaking
Thursday ahead of the Bank Group’s 2022 Annual Meetings, being held in Accra from 23-27 May.
Ghanaian Finance Minister Ken Ofori-Atta on Thursday emphasized the nation’s partnership with the African Development Bank in its development as he addressed journalists at a press conference to publicize the institution’s upcoming annual meetings.
Ofori-Atta described the meetings as seminal, in the context of a world seeking to rebalance in the wake of Covid-19 and the war in Ukraine.
TAAT's project interventions have improved production areas in the northern Savannah agroecological zone of Ghana.
The African Development Bank’s 2019-2023 strategy for Ghana is producing tangible results, particularly in the agriculture and transport sectors, according to a mid-term review of the strategy