26/10/2016 - The African Development Bank (AfDB) and the Korean Ministry of Strategy and Finance have signed an Exchange of Letters announcing Korea’s replenishment of a grant of USD 18 million to the KOAFEC Trust Fund for the year 2017-2018.
26/10/2016 - During ECOWAS Sustainable Energy Week held in Accra, Ghana (October 17-19), the Private Financing Advisory Network (PFAN) launched its third annual West Africa Forum for Clean Energy Financing (WAFCEF-3) business competition. The competition is open to all businesses and entrepreneurs operating and registered in any of the ECOWAS countries as well as foreign individuals and entities with projects in those countries.
26/10/2016 - On October 25 at the Global Environment Facility (GEF) Council meeting, the GEF approved the funding of USD 6.3 million for a regional project co-financed with the African Development Bank (AfDB). Funded by the International Waters (IW) window of the GEF, the project aims to strengthen transboundary cooperation and integrated natural resources management in the Songwe River Basin, shared by the countries of Malawi and Tanzania.
26/10/2016 - On Tuesday, October 25, 2016, the African Development Bank approved a US $25-million loan for a multinational project to establish a safety-of-life communications systems for Lake Victoria. The largest lake in Africa accommodates a fleet of 70,000 vessels, mostly individual fishermen, but lacks any alert or rescue systems. Consequently as many as 5,000 people die in the lake each year. The loan will finance the extension of GSM (Global System for Mobile Communications) networks on the lake and the creation of 22 rescues centres in Tanzania, Uganda and Kenya, contributing to save lives and stimulate business for the benefit of the economy of the entire Lake Victoria basin.
25/10/2016 - The African Development Bank’s Zambia Field Office in conjunction with the Regional Integration and Trade Department concluded a working visit, on September 22, to Lubumbashi in the Democratic Republic of Congo to establish current trade patterns with Zambia.
24/10/2016 - The African Development Bank’s drive towards implementing its fifth High 5 priority – “Improve the quality of life for the people of Africa” – was boosted on October 13, 2016, when the Provincial Governor for Zambezia in central Mozambique, Abdul Razak Noormahomed, launched a newly completed and rehabilitated Small Piped Water Scheme in Lioma community in the Gurue district.
24/10/2016 - On Wednesday, October 19, 2016, the African Development Bank, rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new US $1-billion 2-year Global benchmark transaction due 2 November 2018.
20/10/2016 - In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the Agenda’s words into action by issuing a “Joint Statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.
18/10/2016 - Akinwumi Adesina, President of the African Development Bank, and John Kufuor, former President of Ghana and Co-chair of the Global Panel on Agriculture and Food Systems for Nutrition, hosted the first official meeting of the African Leaders for Nutrition on Monday, October 17 in Abidjan. The Champions of the African Leaders for Nutrition also include Hery Rajaonarimampianina, President of Madagascar; Kofi Annan, former Secretary General of the United Nations; Aliko Dangote, Founder and CEO of the Dangote Group; Jamie Cooper, Founding Chair and President of Big Win Philanthropy; Graça Machel, Founder of the Graça Machel Trust; and José Graziano da Silva, Director-General of the United Nations Food and Agriculture Organization.
17/10/2016 - La Banque africaine de développement (BAD), en collaboration avec le Ministère de la Protection Sociale et de la Promotion de la Femme de Madagascar, ont lancé le processus d’élaboration du Profil Genre de Madagascar.