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Tamayoz organises leadership training for future public and private sector leaders in Libya

26-Apr-2019 - One hundred and sixty corporate, commercial and industry achievers from Libya are receiving specialized  leadership and management training in the public and private sector and civil society, organized by Tamayoz, an initiative designed to strengthen leadership capacity at management decision-making levels. The 10 day leadership course is taking place from 20-30th January 2019 in Istanbul, Turkey.

Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road

26-Apr-2019 - The African Development Bank Group, on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also providing Nigeria a loan of US$80 million, while the Ebonyi State Government will provide US$17.60 million, for a total project cost of US$167.60 million.

African Development Bank, partners meet over Securities Exchanges linkage project

26-Apr-2019 - The African Development Bank, working with the African Securities Exchanges Association (ASEA), hosted the first capital market stakeholders roundtable on the African Exchanges Linkage Project (AELP) at the Bank’s headquarters in Abidjan, Côte d’Ivoire on 24 April, 2019.

Invitation to the African Youth Agripreneur Forum (AYAF) - 3rd Conference and AgriPitch Competition

26-Apr-2019 - The African Development Bank), in partnership with the Western Cape Government, is organizing the 3rd annual African Youth Agripreneur Forum (AYAF) Conference and AgriPitch Competition under the theme: Climate Smart Agriculture: Business and Employment Opportunities for Africa’s Youth. The AYAF serves as a platform for bringing together youth agripreneurs from across Africa and scaling up the scope and impact of their activities.

The African Development Bank to host the annual meeting of the Independent Accountability Mechanisms Network of international financial institutions

26-Apr-2019 - The Independent Review Mechanism (IRM) of the African Development Bank Group will host the 16th annual meeting of the Independent Accountability Mechanisms Network (IAMnet) of international financial institutions (IFIs) from 24 to 28 June 2019, in Abidjan. 

The African Development Bank to unveil 2019 African Economic Outlook

26-Apr-2019 - The African Development Bank will launch the 2019 edition of its flagship African Economic Outlook (AEO) report on Thursday, January 17, 2019, at its headquarters in Abidjan.

The African Development Bank to host the annual meeting of the Independent Accountability Mechanisms Network of international financial institutions

26-Apr-2019 - The Independent Review Mechanism (IRM) of the African Development Bank Group will host the 16th annual meeting of the Independent Accountability Mechanisms Network (IAMnet) of international financial institutions (IFIs) from 24 to 28 June 2019, in Abidjan. 

Botswana: African Development extends US$80m line of credit to help industrialization and regional integration

25-Apr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs, including 1200 to 1300 for...

Nigeria: President Buhari commends African Development Bank’s transformative role

25-Apr-2019 - At a meeting with the African Development Bank President in Abuja, Nigeria’s President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution.

South Sudan: African Development Bank, ATI support leads to US$ 27.62 million in commercial risk insurance cover

25-Apr-2019 - South Sudan has this month realised a record $27.62 million in commercial risk insurance cover through the efforts of the South Sudan government, the African Development Bank and the Africa Trade Insurance Agency (ATI). ATI has, to date, provided gross risk cover to facilitate investments in the electricity, gas, water supply and financial and insurance sectors.

L'accès rapide aux engrais à un coût abordable, clé d'un développement agricole durable en Afrique

25-Apr-2019 - La réalisation des objectifs de développement et de croissance agricoles durables en Afrique passera par l’augmentation du nombre d’agriculteurs ayant un accès rapide aux engrais à des prix abordables. C'est la conclusion des opérateurs et experts agricoles présents au 7ème Conseil d'administration du Mécanisme africain de financement du développement des engrais (MAFDE), qui s’est tenu le 27 février dernier à Marrakech, au Maroc, en marge du 10ème Argus Africa Fertilizer, le plus grand événement annuel du commerce des engrais en Afrique.

Country Results Brief 2007-2018 - The African Development Bank: a decade of key partnership with Guinea

25-Apr-2019 - The African Development Bank on Wednesday released its most recent Country Report Brief for Guinea. The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.

African Development Bank signs $50 million agreement with Natixis to boost trade finance in Africa

25-Apr-2019 - The African Development Bank on Wednesday April 24, 2019 signed a US$50 million risk participation agreement (APR) with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years.

African Development Bank, partners support smallholder farmers with 17 new project grants

24-Apr-2019 - The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced Us$ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector as part of its transformative support for food security, income enhancement, job creation, and improving the livelihoods of smallholder farmers in Africa.

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

24-Apr-2019 - Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank, which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region.  Mateus Magala, the Bank’s Vice President for Corporate Services and Human Resources, led a delegation to Lilongwe this week, to discuss the institution’s intervention plans with public and civil society officials in Malawi.

Togo: African Development Bank helps to create 35,000 jobs in agricultural SMEs

23-Apr-2019 - Since 2016, the African Development Bank has committed $1.7 million to the Project to Support the Employability and Integration of Young People in Growth Sectors (PAEIJ-SP) in Togo, which has helped create 35,000 jobs in agricultural SMEs. When Agrokom and Agricultural Growth Junction of Togo (JCAT) launched in the Togolese capital of Lomé in 2011, they each had around a dozen employees, very few of whom were young people. Agrokom processes oilseeds (soya and palm nut) to make livestock meal and edible oils. JCAT produces and markets organic...

‘My mother told me to dare.’ Inspiring stories from high-level African Development Bank women’s summit

19-Apr-2019 - Nafissa Hamidou Abdoulaye has been praised far and wide for her ground-breaking work in agriculture, but securing financing has been an uphill battle. That was until now. The African Development Bank has decided to jump in and support Abdoulaye, who has for the past five years self-financed her animal feed company Salma, which employs 10 people.

La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC

19-Apr-2019 - Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt).

African Legal Support Facility supports $200 million energy plant in Rwanda

18-Apr-2019 - The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant by Lake Kivu in Rwanda, signed on 29 March 2019. The energy plant is expected to generate an additional 56 MW of electricity for Rwanda, marking a significant step in Rwanda’s efforts to increase its installed power generation capacity by 291MW to 512MW by 2024. The plant will extract methane gas from the production area at Lake Kivu and use it to...

We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa

17-Apr-2019 - Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa.