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African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

14-Oct-2019 - The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa.

Madagascar: African Development Bank launches Africa Disaster Risk Financing Programme

14-Oct-2019 - The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity (ARC), has launched the Africa Disaster Risks Financing Programme (ADRiFi) in Madagascar. ADRiFi is intended to strengthen Madagascar’s country's resilience and increase its capacity to manage climate-related disasters. Over the next five years it will also strengthen the country's capacity to evaluate disaster risk and provide early warning systems and contingency plans.

2019 Nobel Peace Prize Winner: Abiy Ahmed Ali, Prime Minister of Ethiopia

11-Oct-2019 - 'I am delighted and proud that Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize. He deserves it for his boldness and resolve to break with the past and build bridges that foster lasting peace. His remarkable leadership will help to bring security and prosperity to the entire Horn of Africa. The African Development Bank congratulates Prime Minister Ahmed and will wholeheartedly support initiatives to help the region achieve its objectives.”

Sudan: African Development Bank approves $31.3 million grants for water and sanitation facilities

11-Oct-2019 - The African Development Bank Group on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project will improve livelihoods and build resilience against climate change in the two states, including nomadic communities, by enhancing reliability of water and sanitation services and enhancing the public health system to benefit some...

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

11-Oct-2019 - The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals. The agreement was signed 30th September 2019.

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

10-Oct-2019 - First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank. The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions using an innovative mix of photovoltaic systems.

African Development Bank partners with Senegal to host 2021 World Water Forum

10-Oct-2019 -  A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank  on Senegal’s preparations to host the World Water Forum in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, and her senior management team on 8 October to discuss the Bank’s participation in the event’s organization and delivery.

Financial institutions’ chief information officers meet at knowledge sharing convention

09-Oct-2019 - The African Development Bank organized a knowledge sharing event of chief information officers (CIOs) from international financial institutions (IFIs) in Cape Town, 23-26 September.

Africa Investment Forum: CEOs changing the investment narrative in Africa

09-Oct-2019 - “The Africa Investment Forum, with its high-level, well-focused audience, ranks among the best.  Its strength is that it is very transaction-oriented. The Forum not only brings together investors and stakeholders to initiate deals, but can help close transactions that would otherwise take months or years,” says Ebobissé.

Malawi: The African Development Bank approves $13.2 million for sustainable fisheries, aquaculture development and watershed management

09-Oct-2019 - The African Development Bank Group has approved a $13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in Malawi. The Sustainable Fisheries, Aquaculture Development, and Watershed Management project will provide infrastructure for increased fisheries productivity and market access. Board approval for the project was granted on 2 October 2019. The project is expected to contribute to nutritious diets, boost employment along the fish value chain, and build climate resilience along...

Maroc : la Banque africaine de développement soutient l’entreprenariat des jeunes et l’innovation

09-Oct-2019 - La Banque africaine de développement a pris part à l’édition 2019 des rencontres « Innovation et Jeunesse » qui se sont tenues du 30 septembre au 4 octobre derniers. Un évènement organisé conjointement par le ministère marocain de la Jeunesse et des Sports, le ministère danois des Affaires étrangères et le Programme des Nations unies pour le développement (PNUD).

Inaugural forum paves the way for sustainable fertilizer financing in the West Africa region

09-Oct-2019 - Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution. The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African Development Bank in Abidjan on 30 September and 1 October.