27/05/2016 - More African countries should sign-up to the ‘Partnership on Illicit Finance’ (PIF), an initiative formed in July 2014 during the US-Africa leaders’ summit. That was the call made Thursday by Marisa Lago, Assistant Secretary for International Markets and Development in the US Treasury, while speaking as a panelist in a session at the ongoing African Development Bank Annual Meetings in Lusaka.
27/05/2016 - The 51st Annual Meetings of the African Development Bank (AfDB) and the 42nd Meetings of the Board of Governors of the African Development Fund (ADF) wound up on Friday, May 27, 2016 in Lusaka, Zambia, after five days of intense engagements on the Bank’s operations and development issues.
27/05/2016 - The African Risk Capacity has taken major steps towards its goal of providing US $2 billion worth of annual climate disaster coverage to Africa’s most vulnerable populations.
27/05/2016 - Africa’s share of manufacturing in GDP is less than half of the average for all developing countries. On Thursday, May 26, a panel discussion, “Africa – Workshop of the World”, was held during the African Development Bank Group’s (AfDB) Annual Meetings in Lusaka. The event, organized in collaboration with the International Growth Centre (IGC), focused on discussing avenues for adapting Africa’s manufacturing strategies to unleash the continent’s potential for accelerated industrialization.
27/05/2016 - The African Legal Support Facility (ALSF) unveiled a new resource handbook titled Understanding Power Project Financing, on the sidelines of the African Development Bank Annual Meetings, in Lusaka, Zambia. The handbook addresses the challenges and strategies of private financing of a power project with a focus on the mechanisms utilised by stakeholders to address issues surrounding project financing particularly credit enhancement.
27/05/2016 - Members of the Partnership on Illicit Finance (PIF) met alongside the African Development Bank at the Bank’s Annual Meetings in Lusaka, Zambia, to publish national action plans to combat illicit finance, review member countries’ priorities for addressing illicit finance stemming from corruption and other criminal activities, and share experiences with countries interested in joining the Partnership.
27/05/2016 - In Lusaka during this week’s African Development Bank (AfDB) 2016 Annual Meetings, the Bank and the Earth Journalism Network (EJN), environmental program of the media development NGO Internews, hosted a Journalist Training Program for a selected group of African journalists. With the Annual Meetings focused on the theme Energy and Climate Change, the training program was designed to help participating reporters deepen their understanding of the issues Africa faces in achieving climate-smart development, and make use of contemporary tools and techniques for enhancing reporting on these complex issues. The training program was a multi-partner effort of AfDB’s Energy, Environment and Climate Change Department, its Climate Investment Funds (CIF) and water and sanitation offices, and the Global Environment Facility (GEF), together with EJN.
27/05/2016 - On Monday, May 16, 2016, the African Development Bank (AfDB) participated in the inauguration of the 25 MW first phase of KivuWatt Methane Gas to Power complex located at the Lake Kivu in Western Rwanda, 130 kilometres from the capital Kigali. Lake Kivu, at the boundary of Rwanda and Democratic Republic of the Congo, is one of the world's three known "exploding lakes," presenting a threat as well as an opportunity for local communities. Volcanic and bacterial activity in the lake generates substantial methane deposits that, if unmanaged, could erupt violently with disastrous effects on local lives, wildlife and the environment.
27/05/2016 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has pledged the Bank's support to African Civil Society Organisations (CSOs), noting that its advocacy has become critical in the light of the Bank's accountability and transparency culture.
26/05/2016 - On Thursday, May 26, 2016 the African Development Bank Group (AfDB) and the Government of the Republic of Cameroon signed an agreement under which the Global Environment Facility (GEF) will provide a grant of US $1,726,484 to support environmental adaptation of the Central Africa fibre-optic backbone project.