News & Events
18/04/2014 - The Board of Directors of the African Development Bank (AfDB) approved on April 16 in Tunis, the creation of the Africa Climate Change Fund (ACCF), a bilateral thematic trust fund to support African countries in their transition to climate-resilient and low-carbon development. The AfDB will host and manage the ACCF, which was created with a 4.725 million euro contribution from Germany for an initial three-year period. The aim is to scale-up to a multi-donor trust fund as soon as at least one new donor commits to join.
18/04/2014 - The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations. The revised Regional Operations Selection and Prioritization Framework aims at selecting the most relevant operations eligible for funding under the Regional Operations incentive mechanism based on cost-sharing financing where the countries contribute to a portion of project costs from their Performance Based Allocations (PBAs) while the Bank finances the remaining portion.
17/04/2014 - Grande première, les aquifères de l’Iullemeden et de Taoudeni/Tanezrouft seront gérés dans un cadre de concertation à dimension régionale, promettant ainsi à plus de 25 millions d’habitants de l’Afrique de l’Ouest l’accès à une ressource en eau jusque-là sous-exploitée. En effet, l’Algérie, le Bénin, le Burkina Faso, le Mali, la Mauritanie, le Niger, et le Nigeria ont signé, le 28 mars 2014, un accord qui les engage tous les sept à assurer – de façon collaborative et coordonnée – la gestion, la protection, la conservation et l’usage équitable de ces vastes ressources souterraines, qui s’étendent sur plus de 2,5 millions de km².
16/04/2014 - The African Development Bank (AfDB), with the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France on Monday, April 14 signed a USD142 million loan to develop the 120 MW Itezhi Tezhi power project. It is the first public-private partnership energy project in Zambia and is being developed jointly by TATA Africa and ZESCO Limited as an independent power producer, and the Itezhi Tezhi Power Company (ITPC).
16/04/2014 - African Development Bank support for private equity investment in Africa recorded a major success on Wednesday, April 16, when The Carlyle Group announced it had raised $698 million for its new Sub-Saharan Africa Fund, exceeding its initial target by 40 per cent. The Bank was a cornerstone investor and played a crucial role by investing $50 million at an early stage in the fundraising.
Categories: Private Sector
15/04/2014 - From March 31 to April 3, African Development Bank (AfDB) staff participated in a regional forum in Kinshasa, Democratic Republic of Congo (DRC), on opportunities for green growth in Africa. They joined representatives from governments, development organizations, civil society and academic institutions to exchange knowledge and experiences, and foster more coordinated dialogue around environmentally-sound economic development.
15/04/2014 - More than 70 senior officials representing the Common Market for Eastern and Southern Africa (COMESA) trade bloc, the Egyptian export and business council private sector, leading banks and related ministries, attended the African Development Bank’s (AfDB) forum held at the Four Season’s Hotel on March 27 to boost regional integration between Egypt and COMESA.
15/04/2014 - In its just-released 2013 Annual Report for its work with the Climate Investment Funds (CIF), the African Development Bank (AfDB) has indicated that it is supporting 16 national and 1 regional Investment Plans in renewables, forests, resilience and transport in Africa, and that more than half of the projects under those plans – including all projects addressing forests and climate resilience – have been approved by the Bank’s Board and are driving toward implementation.
14/04/2014 - The Association for the Development of Education in Africa (ADEA) Inter-Country Quality Node on Technical and Vocational Skills Development (ICQN/TVSD) held on March 31 and April 1, 2014 an “Inter-Country Seminar on Youth Employment in Africa” in Abidjan, Côte d’Ivoire.
14/04/2014 - The African Development Bank (AfDB) and Africare signed a 5-year Memorandum of Understanding in Washington, D.C. on 12 April.