News & Events
07/11/2013 - The Southern African Customs Union (SACU) is 103 years old. Established on June 29, 1910 in Southern Africa the Customs Union Agreement (CUA) brought together the South African Union, the High Commission of Bechuanaland territories (current Botswana), Basutoland (current Lesotho) and Swaziland, then under British rule.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
08/10/2013 - “Regional integration offers southern African countries substantial potential from competition and scale effects, but the gains are not automatic; careful design and sustained implementation of the regional trade agreements (RTAs) are necessary to enhance their benefits … and implementation of regional programs requires adequate local capacity, in addition to financial resources.”
11/09/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 11 a financing package consisting of US $120 million multi-sector line of credit (LOC) and US $30 million subordinated debt to The Mauritius Commercial Bank (MCB). This financing package will allow MCB to increase its foreign currency lending to medium- and large-sized enterprises operating in Mauritius, neighbouring countries and mainland Africa, thereby enhancing sustainable and inclusive growth through private sector development in the region.
22/11/2012 - For the first time, the Global Forum on Migration and Development (GFMD) took place in Africa. This year’s forum on "enhancing the human development of migrants and their contribution to the development of communities and states" was held in Mauritius on November 21-22 2012. It focused on labor mobility and beyond-the-border skills as well as jobs for African youth.
24/10/2012 - The African Development Bank is organizing a Multi-Stakeholder Consultation Meeting on its draft Human Capital Development Strategy (2013-2017) in Pretoria, South Africa on 22 and 23 October 2012. Around 100 participants are expected from 12 Southern African countries: Botswana, Lesotho , Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Rwanda and Nigeria.
01/10/2012 - In this interview, Mr. Bassant underscores the important role of the AfDB in future infrastructure and energy projects in his country, following a brainstorming session organized by the Bank’s Operations Vice-presidency (ORVP).
04/09/2012 - “The Mauritius Experience – Deepening cooperation with the African Development Bank and Regional Member Countries (RMCs) and the challenges it poses” was the subject of a brainstorming session organized by the Bank’s Operations Vice-presidency (ORVP) on Monday. Discussions on the theme included helping to enrich the Bank’s knowledge base and the need to strengthen and sustain gainful cooperation with RMCs in general and with Mauritius in particular.
30/07/2012 - Inflation edged up to an annual rate of 12.1 percent in the countries of the Common Market for Eastern and Southern Africa (COMESA) in June compared to the annual rate of 11.6 percent in June, according to new figures. In the countries of the Southern African Development Community (SADC), the annual rate eased to 7.5 percent in June compared with 7.8 percent in May.
- Date: 09/07/2012
- Location: Intercontinental Hotel, Lusaka, Zambia
The African Development Bank (AfDB) Group is organizing a High Level Policy Dialogue Seminar on Youth Employment in Africa in Lusaka, Zambia, which will focus on the challenges and opportunities faced by the following countries in the Southern Africa region: Angola, Madagascar, Malawi, Mauritius, Mozambique and Zambia.