News & Events
27/02/2013 - The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy.
Categories: Climate Change, Climate Investment Funds (CIF), Energy & Power, Water Supply & Sanitation, Food Production, Agriculture & Agro-industries
26/02/2013 - The Prime Minister of Côte d’Ivoire, Daniel Kablan Duncan, expressed his Government’s gratitude in receiving the African Development Bank’s Board of Directors as well as Senior Management on February 26 in Abidjan.
Categories: Côte d’Ivoire
- Date: 06/03/2013
- Location: Tunis, Tunisia
The African Development Bank Group will, on March 6, 2013 in Tunis, host the 2nd governing council meeting of the Africa fertilizer financing mechanism (AFFM). AFFM aims to create a catalytic environment for the investments needed in Africa to enhance fertilizer production and consumption at affordable prices. It focuses on two types of activities, namely facilitation and encouraging the private sector to invest in fertilizer ventures aimed at expanding national and regional production capacity.
Categories: Tunisia, African Fertilizer Financing Mechanism, Private Sector Development
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 a Trade Finance package of US $200 million comprising an unfunded risk-sharing facility and a trade facilitation loan, to support Ecobank Transnational Incorporated’s (ETI) trade finance activities in Africa. The AfDB’s support will enable Ecobank to enhance its trade finance confirmation capabilities, avail medium-term liquidity support to ETI’s subsidiaries to provide appropriate trade finance to African small and medium enterprises (SMEs) and local corporates, and demonstrate appetite for Africa risk.
Categories: Private Sector Development, Economic & Financial Governance
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 an unfunded US $200-million Risk Participation Agreement (RPA) with Standard Chartered Bank (SCB). The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. Moreover, it will foster financial sector development, regional integration, and contribute to government revenue generation.
Categories: Private Sector Development, Economic & Financial Governance
- From: 27/02/2013
- To: 28/02/2013
- Location: Maputo, Mozambique
The African Development Bank, in collaboration with the Government of Mozambique, is organizing a high-level policy seminar on the theme “Managing Revenues and Optimizing the Benefits of Coal and Gas Resources in Mozambique” in Maputo from February 27-28, 2013. This seminar takes place against the backdrop of Mozambique’s recent experience in a boom in extractive industries which are expected to accelerate in the coming years as recent discoveries have confirmed coal and gas reserves estimated at 25 billion tons and between 50 and 70 trillion cubic feet, respectively. Seismic activities in the discovery areas of gas, in the Rovuma off-shore basin, suggest that possible gas reserves could actually exceed 120 trillion cubic feet.
Categories: Mozambique, Extractive Industries Transparency Initiative
26/02/2013 - Africa’s trade with the United States grew by more than 500 per cent between 2001 and 2011, but many African countries missed out on that five-fold growth, a leading Washington expert told African Development Bank (AfDB) staff recently.
Categories: Regional Integration, Human and Social Development, Agriculture & Agro-industries
25/02/2013 - To address the recurrent droughts and related human, production and environmental concerns in a sustainable manner, the Summit of the Heads of State and Government of countries in the Intergovernmental Authority On Development (IGAD) region, held in September 2011, called for the urgent implementation of policies, strategies and programs aimed at building resilience to future climatic and economic shocks.
Categories: Somalia, Ethiopia, Agriculture & Agro-industries, Food Production
25/02/2013 - The workshop on the Drought Resilience and Sustainable Livelihoods Program (DRSLP) in the Horn of Africa (HoA) commenced on Friday, February 22 at the African Union Headquarters in Addis Ababa, Ethiopia.
Categories: Somalia, Ethiopia, Agriculture & Agro-industries, Food Production
25/02/2013 - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country’s attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros’ eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.
Categories: Comoros
