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Talks seek to entrench African ideals in education
19-Sep-2016 - The fourth regional consultative meeting for Southern Africa to discuss the upcoming triennial of the Association for the Development of Education in Africa (ADEA) took place in Luanda, Angola, on July 17-28, 2016. The ADEA 2017 Triennial will be held in March, next year, in Marrakech, Morocco.
Zanzibar Water and Sanitation Project: Improving lives in rural communities
16-Sep-2016 - “I no longer need to waste hours fetching water. I have more time to help my husband with our cattle – which was quite difficult without access to clean water. It’s such a relief,” Zuena, a farmer from Machui, said of the African Development Bank’s Zanzibar Water and Sanitation Project, completed in 2015. Her household recently benefited from the Machui project. “It has changed our lives,” she said.
The AfDB pledges US $1.4 billion in funding for Senegal for 2016-2020, including US $48.4 million in budget support for 2016
15-Sep-2016 - On September 14, 2016, in Abidjan, the Board of Directors of the African Development Bank (AfDB) approved the Country Strategy Paper for Senegal for the next five years (2016-2020). The new strategy has two pillars: support to agricultural transformation and strengthening of production and competitiveness support infrastructure (energy and transport). The AfDB has pledged an estimated 1.4 million USD in funding for 2016-2020.AfDB launches 3-year USD 1 billion Global benchmark
15-Sep-2016 - On Wednesday, September 14, 2016, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a US $1 billion fixed rate US Dollar Global benchmark due 20 September 2019, the issuer’s fourth global benchmark issue in 2016. The transaction has a coupon of 1.125% and was priced at a spread of mid-swaps plus 9 basis points, the tightest 3-year benchmark pricing by the issuer since 2014, and equivalent to 26.2 basis points over the 0.875% UST due September 2019. Joint lead managers are Barclays, BofA Merrill Lynch, J.P. Morgan and TD Securities.AfDB mobilizes 28.6 billion FCFA for local development in Senegal
15-Sep-2016 - On September 14, 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of 34.78 million units of account (approximately 28.6 billion FCFA) to the Republic of Senegal to fund Phase 1 of the Support Programme for Reform of Local Development (PARDL-I).
African Development Bank signs Letter of Intent with Mizuho Bank, Ltd
14-Sep-2016 - During the Sixth Tokyo International Conference on African Development (TICAD VI) held in Nairobi, Kenya, the African Development Bank (AfDB) signed a Letter of Intent (LOI) for business cooperation with Mizuho Bank, Ltd. (MHBK) on Saturday, August 27, 2016. The signed LOI covers a broad range of financial services, including Treasury, Trade Finance and Project Finance to support the Bank’s High 5 development priorities, which are: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and Improve the quality of life...
AfDB approves a US $2-million grant to Cape Verde and Guinea Bissau to fight the Zika virus outbreak
14-Sep-2016 - The Board of Directors of the African Development Bank Group (AfDB) on September 8, 2016 in Abidjan, approved two grants of US $1 million each, to Cape Verde and Guinea Bissau as emergency assistance to support the implementation of National Preparedness and Response Plans to fight the Zika virus outbreak in the two countries.
Water central to achieving High 5s and Sustainable Development Goals in Africa
09-Sep-2016 - The Senior Advisor to the President of the African Development Bank for Inclusive and Green Growth, Prof. Kevin Urama, has underscored the critical role of water in achieving long-term poverty reduction and economic growth in Africa. Speaking at a gathering of world water leaders in Stockholm, Sweden, Urama outlined the new strategic priorities of the AfDB and the centrality of water to these goals.400,000 Tunisians to benefit from AfDB water program
09-Sep-2016 - Phase II of an African Development Bank-funded water program in Tunisia will improve water services for about 400,000 rural Tunisians. Approved by the Bank’s Board of Directors on September 6, 2016, this program is designed to provide clean drinking water mostly to needy rural communities in about 20 prefectures.
Madagascar: A beneficiary’s story
09-Sep-2016 - Slightly built, looking both youthful and self-assured, Heriniaina, or 'Life Force' in Malagasy, confidently stands on her land in Tanandava. She is not afraid to address Akinwumi Adesina, President of Africa's premier financial institution, who is standing facing her and asking her about her agricultural activities, and who is more than impressed by her rice plot.
US $30 billion to benefit farmers, strengthening Africa’s agriculture
09-Sep-2016 - Weiteithye Farmers Group in Mwala, Eastern Kenya, comprises about 100 small-scale farmers struggling with crop production, value addition and marketing of their produce.The African Legal Support Facility signs MoU with IP3
09-Sep-2016 - The African Legal Support Facility (ALSF) and the Institute for Public Private Partnership (IP3) have signed a Memorandum of Understanding to enhance cooperation related to capacity building services offered in African countries. Cooperation between the ALSF and IP3 will facilitate the exchange of knowledge and information exchange on matters concerning legal skills needed for African countries to enhance their capacity in international transactions with international investors.La BAD approuve sa stratégie pays 2016-2020 pour la Mauritanie
09-Sep-2016 - Le Conseil d’Administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 6 Septembre 2016 à Abidjan, le Document de Stratégie Pays (DSP-Mauritanie) de la BAD qui couvre la période 2016-2020. Ce document de stratégie s’articule autour de deux (2) piliers, notamment : Promotion de la transformation de l’Agriculture et Renforcement de l’offre de l’énergie électrique.
Policies on food processing necessary to strengthen Africa’s agriculture
09-Sep-2016 - The African Development Bank (AfDB) President, Akinwumi Adesina, has addressed the challenge of post-harvest losses in Africa, while outlining the importance of policy regulations to end the losses in a continent that spends US $35 billion on food imports each year.
African Water Facility: Improving Mozambique’s resilience to climate change and reducing vulnerability to floods
08-Sep-2016 - The African Water Facility (AWF) has granted €1.8 million to Mozambique to finance a development plan and feasibility studies for urban sanitation, drainage and solid waste management in Chimoio and Inhambane. The 310,000 inhabitants of the two municipalities are facing serious sanitation and urban flood issues.
African countries urged to prioritize mechanized agriculture for increased productivity
08-Sep-2016 - Limited use of improved technology is a major reason for low agricultural productivity across Africa, the African Development Bank (AfDB) has said at the ongoing African Green Revolution Forum (AGRF) in Nairobi. “Low use of technology is partly why Africa continues to be a net importer of food ,” Chiji Ojukwu, the AfDB Director for Agriculture and Agro-Industry stated Tuesday, adding that over 60 percent of the continent’s land has irrigation potential, yet only five percent of it is under irrigation.Renewable energies: a mine to be exploited
08-Sep-2016 - On Monday, 7 November 2016, on the first day of the 22nd United Nations conference, COP22, in Marrakech, key actors from the renewable energies sector met in the Africa Pavilion to discuss issues including progress in the sector.Stakeholders gather in Angola to validate national Sustainable Energy for All (SE4All) Action Agenda and Investment Prospectus
07-Sep-2016 - Angola’s Secretary of State of Energy, Joaquin Ventura, opened the validation workshop for Angola’s SE4All Action Agenda and Investment Prospectus on 26 August 2016 in Luanda on behalf of the energy Minister, João Baptista Borges. The workshop, organised by the Ministry of Energy and Water (MINEA) concluded work to define Angola’s long-term objectives on energy access, energy efficiency and renewable energy, as well as the priority actions required to achieve them.
New ways of financing are crucial for transforming Africa’s agriculture, says new report
06-Sep-2016 - Innovative financing is crucial for agricultural transformation, wealth creation and long-term prosperity in Africa, according to this year’s Africa Agriculture Status Report (AASR), launched on September 6, 2016 in Kenya’s capital, Nairobi.