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African Development Bank appoints Yana Kakar to its Presidential Youth Advisory Group
16-May-2018 - The African Development Bank has announced the appointment of Yana Kakar to the Presidential Youth Advisory Group, which provides insights and innovative solutions for creating jobs for Africa’s youth.African Development Bank approves US$20 million facility to boost lending to SMEs in Liberia
16-May-2018 - The African Development Bank has approved US$ 20 million facility to boost lending to small and medium-sized enterprises in Liberia. The loan, approved by the Board of Directors of the Bank on Wednesday, May 16, 2018, is a trade finance package for three Liberian commercial banks: Liberian Bank for Development and Investment (LBDI); International Bank of (Liberia) Limited (IBL) and Afriland First Bank Liberia Limited.Le Forum africain appelle à accélérer les actions visant à encourager les jeunes africains à acquérir des compétences numériques pertinentes pour l’emploi
14-May-2018 - Le Forum ministériel africain sur le thème « Compétences des jeunes et des entreprises à l'ère numérique », qui a porté sur le thème « Exploiter le dividende démographique grâce à l’investissement dans la jeunesse », s’est achevé le 19 avril à Tunis avec une recommandation conjointe majeure, qui souligne la nécessité de veiller à ce que les jeunes africains aient les compétences numériques pertinentes et appropriées (dès leur plus jeune âge) pour se préparer aux emplois de l’avenir.
ZimFund brings joy to Ruwa residents
14-May-2018 - “Sewer bursts had become a common feature, sometimes the sewage would find its way into the house, it was horrible,” says 54-year-old Ellen Chingodza, a Ruwa resident for the past 24 years. “We did not get water from our taps for more than 10 years here in Ruwa, and we had become prone to water borne diseases, especially cholera,” said 24-year-old expectant mother, Pauline Tamai. “I was receiving estimated water bills due to the faulty water meter,” chipped in another resident, Mutenda.
2018 Annual Meetings focus on accelerating Africa’s industrialization
14-May-2018 - Final preparations are underway for the 2018 Annual Meetings of the African Development Bank Group on May 21-25, 2018, in Busan, Korea, addressing “Accelerating Africa’s Industrialization.” On May 22 and 24, in tandem with the Annual Meetings, the 2018 Korea-Africa Economic Cooperation (KOAFEC) Conference will address, “Africa and the 4th Industrial Revolution: Opportunities for leapfrogging?”“Africa Business Day” equips Southern African companies seeking to expand beyond regional markets
09-May-2018 - The African Development Bank, Johannesburg Stock Exchange (JSE) and the Industrial Development Corporation of South Africa (IDC) jointly organized the first “Africa Business Day” on enabling Southern African busineses to expand into Sub-Saharan Africa. Titled “Business Strategy for expansion into Sub-Saharan Africa – Challenges and opportunities for Southern African companies”, the day-long event focused on assisting medium- and large-scale Southern African companies to expand beyond their domestic markets.African Development Bank approves US $1.5 million for Jigawa on-grid IPP solar power procurement program
09-May-2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program.African Development Bank approves US $1.5 million for Jigiwa on-grid IPP solar power procurement program
09-May-2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program.
Young agripreneurs showcase innovation and entrepreneurship in 2018 AgriPitch competition
09-May-2018 - The African Development Bank, in collaboration with the Government of Côte d’Ivoire, held an innovation and entrepreneurship competition and an African Youth Agripreneur Forum, or AgriPitch, in Abidjan on April 9-13, 2018. The competition selected the most promising young innovators and entrepreneurs in agriculture and agribusiness and provided competitors with training in innovative capacity.
Civil Society Forum: Engaging with civil society to accelerate Africa’s industrialization
09-May-2018 - The 2018 edition of the African Development Bank’s Civil Society Forum, “Engaging Civil Society to Accelerate Africa’s Industrialization,” kicked off Monday in Abidjan. The goal of the forum: to strengthen the institution’s engagement with civil society on the path to Africa’s industrialization, echoing the Bank’s High 5 development priority “Industrialize Africa”.Commerce intra-africain : la Banque africaine de développement et la banque centrale populaire signent un accord de 100 millions de dollars
08-May-2018 - La Banque africaine de développement et la Banque centrale populaire du Maroc ont signé, le mardi 8 mai 2018, un accord de participation aux risques (APR) d’un montant de 100 millions de dollars américains. Ce programme de partage des risques, une première dans le secteur bancaire marocain, devrait permettre d’atteindre un volume de transactions de quelque 700 millions de dollars dans les trois ans.
African Development Bank launches the Africa Investment Forum
08-May-2018 - The African Development Bank will officially launch the Africa Investment Forum (AIF), Africa’s premier investment market place, on 8 May, 2018 in Johannesburg, South Africa. The launch is a forerunner to the first-ever Africa Investment Forum, which will take place in Johannesburg from November 7-9, 2018.
Africa Investment Forum endorsed as a game changer for financing Africa’s infrastructure development
08-May-2018 - By 2050, just 32 short years from now, Africa’s growing population will tip the scales at a whopping 2 billion, with a youth of 840 million. In the process, the continent will overtake the populations of China and India combined.
Accelerating Agri-Business Development in Ethiopia with the Agriculture Fast Track Fund
07-May-2018 - The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund.
South Africa says country ready to host 2018 Africa Investment Forum
07-May-2018 - The Gauteng Province in South Africa has endorsed the African Development Bank’s November 2018 Africa Investment Forum as a world-class initiative that is uniquely positioned to transform the continent’s development landscape. Gauteng Province will host the Bank’s inaugural forum from November 7-9, 2018 at the Sandton Convention Center in Johannesburg.
Africa Day to be celebrated at African Development Bank Annual Meetings in Busan
07-May-2018 - For the first time, the African Development Bank will celebrate Africa Day – the annual commemoration of the foundation of the Organisation of African Unity (now the African Union), on May 25, 1963 – at the Bank’s Annual Meetings in Busan, Korea. “One unique aspect of the Annual Meetings this year is the celebration of Africa Day, a diplomatic event that African Ambassadors based in Korea will highlight” during the closing ceremony of the meetings, the Bank Group’s Secretary General, Vincent Nmehielle, said.African Development Bank provides 121 villages in Tanzania with improved access to reliable and affordable electricity
07-May-2018 - In line with its Light up and power Africa initiative, the African Development Bank is expanding access to reliable and affordable electricity with funding support for the construction of the Zuzu substation in Dodoma, connecting 121 villages to the power supply in the capital city.Integrity in Development Projects: African Development Bank debars CHINT Electric for 36 months for fraudulent practices
07-May-2018 - The African Development Bank Group (AfDB) on May 7, 2018, announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution equipment manufacturer and EPC contractor. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that CHINT Electric engaged in a multitude of fraudulent practices: In bidding for contracts in the context of numerous Bank-financed power projects, the company misrepresented its experience with similar assignments in order to meet...