The African Development Bank (AfDB) and the governments of Mozambique and Portugal have signed a Mozambique-specific MoU to implement the Lusophone Compact
Finance
Building green economies for Africa’s sustainable development

SWITCH Africa Green has benefited more than 3,000 micro, small and medium-sized enterprises in six African countries. (Image source: Global Landscapes Forum/Flickr)
The UN Environment and the European Union (EU) met at the UN Environment in Nairobi, Kenya to share insights on SWITCH to Green, an initiative that supports governments in their transition to green economies
AfDB pledges US$25bn to climate finance for 2020-2025
The African Development Bank (AfDB) is set to double its climate finance commitments for the period 2020-2025, with around US$25bn investment, according to Akinwumi Adesina, president of AfDB
AfDB releases highlights of 2019 AEO in seven languages

The main objective of the AEO highlights in local African languages is to ensure accessibility to the information it contains. (Image source: DFID - UK Department for International Development/Flickr)
The African Development Bank (AfDB) has published highlights of its flagship publication African Economic Outlook (AEO), in local languages, aiming to ensure their reach to new stakeholders at the local and community levels
Islamic banking set to grow in Africa
There are more than 80 Islamic financial institutions in Africa. (Image source: ayedmoeed/Adobe Stock)
Islamic banking assets are set to increase 10 per cent over the next five years in total African banking assets, according to Moodys