26/10/2016 - The African Development Bank (AfDB) and the Norwegian Agency for Development Cooperation (Norad) hosted a seminar on Private Sector Assistance: Current Evidence on Additionality on Monday, October 24 in Oslo.
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 - The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund.
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 - The African Development Bank (AfDB) is inviting journalist to a major two-day conference on corruption in Africa, including several events featuring the launch of the Anti-Bribery Policy and Compliance Guidance. This joint publication by the AfDB and the Organisation for Economic Co-operation and Development (OECD) aims to help African companies of all sizes to set up measures to stop the supply side of bribes to public officials in business transactions.
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.
26/10/2016 - Le Groupe de la Banque africaine de développement (BAD) a accordé au Togo, un don d’un million cent cinquante-deux mille cent soixante-treize (1 152 173) Unité de Compte (UC) soit environ neuf cent quarante-cinq millions (945 000 000) francs CFA au titre de financement pour le projet d’appui à l’inclusion financière des femmes vulnérables (PAIFFV).
25/10/2016 - Phase II of the Abidjan Sanitation Program has received a significant boost following the mobilization by donors of over US $350 million out of the required US $400 million needed to fund the program successfully. This program, which was presented to donors at a roundtable discussion in Abidjan on October 20-21, 2016, is designed to eradicate the recurring floods in the city of Abidjan and to resolve most of the sanitation-related challenges.
25/10/2016 - Transforming Africa’s agriculture was the focus of the second day of the Korea-Africa Economic Cooperation Conference (KOAFEC) in Seoul.
Addressing Ministers of Finance from African countries, African Development Bank President Akinwumi Adesina highlighted the importance of investing in rural infrastructure, as well as rapidly developing the agro-industrial sector. “Africa should not be a consumption centre. It must export processed cocoa, not cocoa beans; it must export specialized coffee, not coffee beans; and it must export finished textile products, not cotton lint,” he emphasized.