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18/04/2014 - The Board of Directors of the African Development Bank approved on Wednesday, April 16, 2014 in Tunis, a US $8.2 million loan to The Gambia’s Horizons Clinic. The Horizons Clinic project to which the Board approved a US $8.2-million loan involves the design, building and operation of a 60-bed international standard, state-of-the-art medical facility in The Gambia.

Categories: Gambia, Health, Human Capital Development, Private Sector, Employment

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.

Categories: Climate Change, Environment, Green Growth Initiative

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.

Categories: Fragile States Facility, Regional Integration, NEPAD, Programme for Infrastructure Development in Africa (PIDA)

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.

Categories: Algeria, Mauritania, Benin, Burkina Faso, Mali, Niger, Nigeria, Water Supply & Sanitation, Climate Change, African Water Facility

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).

Categories: Zambia, Energy & Power, Partnerships

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 - 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.

Categories: Climate Investment Funds (CIF), Climate Change, Environment, Energy & Power

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.

Categories: Côte d’Ivoire, Youth, Employment, Education, Human Capital Development

14/04/2014 - The African Development Bank (AfDB) and Africare signed a 5-year Memorandum of Understanding in Washington, D.C. on 12 April.

Categories: United States of America, Partnerships, Infrastructure

  • Date: 22/04/2014
  • Location: Tunis, Tunisia

Created in 1964, the African Development Bank (AfDB) is celebrating its fiftieth anniversary this year: half a century of development financing for the African continent. The celebrations, featuring a number of different activities, will be launched on 22 April 2014 at the Palais des Congrès of Tunis, in Tunisia.

Categories: Tunisia

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