Making a Difference - African Development Bank Group
Des Moines, October 2024. Sudan ups its replenishment of the African Development Fund to $3 million. Finance Minister Dr Gebreil Ibrahim Mohamed Fediel (5th from left) makes the announcement at a meeting with African Development Bank Group President Dr. Akinwumi Adesina (4th from left) and ministers from Sierra Leone, Gambia and Liberia.
Current Vacancies - African Development Bank Group
Position title Grade Location Publication date Closing date; Senior Capacity Development Officers, ECAD1: PL5 : Abidjan, Côte d'Ivoire : 29-Oct-2024
Chapter 2 Feed Africa A frican economies and African societies rely highly on agriculture. The continent’s estimated 33 million smallholder farms are key not just to food production, but also to the livelihoods of the many
Tanzania Economic Outlook - African Development Bank Group
Tanzania Economic Outlook. Real GDP grew 5.3% in 2023, up from 4.7% in 2022, driven by agriculture, construction, and manufacturing on the supply side and private investments on the demand side. Tight monetary policy, together with moderation in food and energy prices, helped reduce inflation from 4.3% in 2022 to 3.8% in 2023.
Nigeria Economic Outlook - African Development Bank Group
Nigeria Economic Outlook. Recent macroeconomic and financial developments. economic growth in Nigeria slowed from 3.3% in 2022 to 2.9% in 2023 due to high inflation and sluggish growth in the global economy, which declined from 3.5% in 2022 to 3.2% in 2023. Growth was driven by services and agriculture on the supply side and by consumption and ...
Ethiopia Economic Outlook - African Development Bank Group
Ethiopia Economic Outlook. Recent macroeconomic and financial developments. Ethiopia’s economy grew 7.1% in 2022/23, up from 6.4% in 2021/22, led by 7.9% growth in the services sector, which accounts for 40% of GDP. Industry, at 28% of GDP, grew 6.9% and agriculture, at 32% of GDP, grew 6.3%, also supporting growth.
Mission and Strategy - African Development Bank Group
The Bank Group 10-Year Strategy of the African Development Bank Group 2024-2033 rests on a foundation of optimism about Africa’s potential to transform societies, economies, and the lives of the people of the continent for the better. Over the past two decades, Africa has got many of the fundamentals right, enjoying its most sustained period of …
Kenya Economic Outlook - African Development Bank Group
Kenya Economic Outlook. Recent macroeconomic and financial developments. Kenya’s economy grew 5.2% in 2023, up from 4.8% in 2022, as agriculture rebounded, and services grew moderately. On the supply side, services accounted for 69% of the growth and agriculture for 23%, while on the demand side, household consumption accounted for 70%.
African Economic Outlook 2024 - African Development Bank Group
This challenging environment has led to a slowdown in Africa's real GDP growth, which dropped to 3.1 percent in 2023 from 4.1 percent in 2022. Looking forward, however, the economic outlook is more positive, with growth expected to increase to 3.7 percent in 2024 and 4.3 percent in 2025, highlighting the strong resilience of African economies.
Ghana Economic Outlook - African Development Bank Group
Outlook and risks. The medium-term growth outlook is positive. GDP growth is projected to rise to 3.4% in 2024 and 4.3% in 2025, led by industry and services on the supply side and private consumption and investment on the demand side. Inflation is expected to remain outside the Bank of Ghana bound of 8±2 at 20.9% in 2024 and 11.1% in 2025.