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15/12/2014 - On Monday, December 15, 2014, the Board of Directors of the African Development Bank (AfDB) Group unanimously approved a financial package of US $500 million to support the establishment of the Development Bank of Nigeria PLC (DBN).

Categories: Nigeria, Partnerships, Employment, Economic & Financial Governance

15/12/2014 - An architectural gem, Abidjan's Henri Konan Bédié (HKB) Bridge is worthy of the most modern of megacities. Officially opened on December 16, 2014, it is an embodiment of the promise for the country's infrastructure. And, looking further afield, for the whole of Africa.

Categories: Côte d’Ivoire, Economic & Financial Governance, Infrastructure, Transport

15/12/2014 - The African Water Facility announced on December 15 that is has offered a €3.4 million grant to the Government of Mozambique to conduct a feasibility study for the development of a climate adaptation project in the lower Limpopo region.

Categories: Mozambique, African Water Facility, Water Supply & Sanitation, Infrastructure, Agriculture & Agro-industries, Climate Change

15/12/2014 - The Climate for Development in Africa (Clim-Dev Africa) programme dinner dialogue was held at the margins of the UN Global Climate Change Conference (COP 20) in Lima, Peru, to discuss various perspectives for enhancing the provision of climate information services in support of Africa’s economic transformation and capacity to adapt to climate change. This Clim-Dev Africa programme is implemented under the auspices of the African Union Commission (AUC), African Development Bank (AfDB), and the United Nations Economic Commission for Africa (ECA) and intends to strengthen the policy response to climate change.

Categories: Climate Change, COP20, Environment

15/12/2014 - Ethiopia has sealed a US $1.1 million deal with the newly launched ClimDev-Africa Special Fund (CDSF), to strengthen its climate information and early warning systems for climate resilience development and adaptation – becoming the first African country to benefit from the Fund.

Categories: Ethiopia, Climate for Development in Africa (ClimDev-Africa) Initiative, Climate Change, COP20, Environment

15/12/2014 - The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) and Bloomberg on December 9 announced an agreement to collaborate on building the AfDB’s AFMISM Bloomberg® African Bond Index (ABABI), a new family of African bond indices that, once launched, will be calculated by the independent, global index provider, Bloomberg.

Categories: Economic & Financial Governance

15/12/2014 - The AfDB imposes a three year debarment on China First Highway Engineering Co. Ltd. following admission of fraudulent and collusive practices in an AfDB-financed project. In addition, the bank levies a financial penalty of USD 18.86 million to support anti-corruption projects on the continent.

Categories: Democratic Republic of Congo, China

12/12/2014 - The Africa Day side event was held during the UN Climate Change Conference (COP 20) to deliberate on the forthcoming agreement on climate change to be concluded in Paris during COP 21, in particular its implications for the continent, including how important issues pertaining to adaptation, climate finance, women and youth can be properly addressed. It was a timely opportunity to underline Africa’s concerns and priorities.

Categories: COP20, Climate Change, Environment

12/12/2014 - The African Development Bank (AfDB) will issue a grant of US $990,000 to finance three studies under an energy sector support programme in Swaziland. The objective of the programme is to provide technical assistance to Swaziland aimed at promoting investment in the electricity supply industry to expand reliable energy supplies and enhance the country’s electricity access rate. The Bank and the Government of Swaziland/Swaziland Electricity Company (SEC) will jointly finance the project, with the Bank’s funding representing 93.1% of the total project cost.

Categories: Swaziland, Environment, Energy & Power

11/12/2014 - La Banque africaine de développement (BAD) et le gouvernement mauritanien ont signé, ce 11 décembre 2014 à Abidjan, trois accords de don totalisant plus de 24 millions de dollars EU.

Ces dons, destinés à favoriser une croissance inclusive dans le pays, financeront la composante mauritanienne du Programme de renforcement de la résilience à l’insécurité alimentaire et nutritionnelle au Sahel, ainsi que le Projet d’appui à la gouvernance pour la promotion d’une croissance inclusive et le Projet d’appui à la formation et l’emploi des jeunes dans le pays.

Categories: Mauritania, Economic & Financial Governance, Agriculture & Agro-industries, Youth, Employment, Human Capital Development

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