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Uganda becomes 27th member of the African Legal Support Facility
26-Mar-2019 - Uganda has ratified the agreement for the establishment of the African Legal Support Facility (ALSF), becoming the 27th member state of the body, which is an international organization hosted by the African Development Bank Group. The Facility, known as ALSF, is dedicated to funding legal advice and technical assistance to African countries in their negotiation of complex commercial transactions, creditor litigation and other related sovereign transactions. The ALSF also develops and proposes innovative tools for capacity building and...
African Development Bank, Tony Elumelu Foundation, partner to support youth entrepreneurs in Africa
25-Mar-2019 - The African Development Bank and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa. The partnership will bring about future collaboration focused on strengthening small to medium sized enterprises, talent and skills development and optimisation initiatives for Africa’s youth.La Banque africaine de développement et le Groupe Attijariwafa bank s’associent pour soutenir les femmes entrepreneures en Afrique
25-Mar-2019 - La Banque africaine de développement, le Groupe Attijariwafa bank et plusieurs associations patronales féminines ont signé, le 14 mars 2019, une convention de partenariat portant sur l’accompagnement des femmes entrepreneures africaines, à l’occasion de la 6e édition du Forum international Afrique Développement à Casablanca, au Maroc.Côte d’Ivoire: African Development Bank, KfW partner to implement electricity regulatory index
25-Mar-2019 - The African Development Bank and KfW Development Bank will be partnering to accelerate implementation of recommendations contained in the 2018 Electricity Regulators Index (ERI) report for Côte d'Ivoire’s energy sector. This partnership arrangement between both institutions was announced during a technical workshop hosted by the African Development Bank in Abidjan on Wednesday, 13 March 2019. KfW is a German state-owned development bank.Integrity in Development Projects: The African Development Bank and GE Power Reach Settlement on Legacy Alstom Misconduct
22-Mar-2019 - The African Development Bank Group today announced the conclusion of a settlement agreement with GE Power, thus resolving sanctionable practices committed by former Alstom companies.Energy stakeholders call for new financing mechanisms to support off-grid and mini-grid connectivity in Africa
22-Mar-2019 - Energy industry stakeholders attending the 5th Energy Access Investment Forum have called for a restructuring of the financing mechanisms enabling the development of off-grid and mini-grid connectivity in Africa. “Meeting the universal electricity access objective within the next decade will require the roll-out of off-grid and mini-grid solutions at scale,” said Daniel Schroth, acting director of renewable energy & energy efficiency at the African Development Bank, in his opening remarks.African Development Bank launches pilot phase of Adaptation Benefits Mechanism
22-Mar-2019 - The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same time, many grassroot adaptation initiatives are being developed and some of these are making a big difference.
Côte d’Ivoire : la Banque africaine de développement va accompagner le programme social du gouvernement à hauteur de 283 milliards de Francs CFA
22-Mar-2019 - Une délégation de la Banque africaine de développement, conduite par son président Akinwumi Adesina, a rencontré, aujourd’hui à Abidjan, le Premier ministre ivoirien, Amadou Gon Coulibaly, pour échanger sur le programme social mis en place par le gouvernement de Côte d’Ivoire (PSGouv) pour la période 2019-2021.
Malawi: From boreholes to public taps: rural communities to access improved water supply thanks to the African Development Bank
21-Mar-2019 - In the lakeside village of Kafuzira, in the Nkhotakota District of Malawi’s Central Region, the water taps are not yet running. In the dry season, the women and girls still trudge five kilometers to Lake Malawi to fetch water for their daily needs. Then when the rains come and fill the nearby water holes, they compete with domestic and wild animals for water from the same sources.Egypt’s Stock Exchange meets African Development Bank on initiative to integrate Africa’s capital markets
21-Mar-2019 - The Egyptian Exchange (EGX) has received a mission from the African Development Bank in the wake of its membership of the African Exchanges Linkage Project (AELP), an initiative to foster greater integration in securities trading across the continent. The AELP project, jointly initiated by the Bank and the African Securities Exchanges Association (ASEA), has the main objective of increasing intra-African investment flows through linking African Stock Exchanges. EGX joined the Project last month as one of seven stock exchanges that will be...
Somalia: African Development Bank Multi-Partner Infrastructure Fund to receive €1 million from Italy
20-Mar-2019 - The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s inclusive and sustainable economic recovery, peace and state building, through rehabilitation and development of the country’s infrastructure.Mobilising private sector resources for climate-compatible infrastructure in Africa
20-Mar-2019 - While climate change poses a major threat to Africa’s economic development and infrastructure, it also offers substantial greenfield investment opportunities supporting climate action The infrastructure financing gap in Africa is enormous, estimated at an additional $60–100 billion per annum to meet basic infrastructure needs. These requirements will increase in response to socio-economic changes and the need to move towards a low carbon and climate-resilient economy.
Daily, across Africa, the African Development Fund’s interventions are making a difference in the lives of millions
20-Mar-2019 - From east to west, ADF-funded projects in infrastructure and livelihoods, are transforming economies and creating new linkages to promote regional integration, commercial exchanges and enhancing national food security. Senegal-Gambia: The ADF financed the construction of the landmark Senegambia Bridge, which now connects Senegal and The Gambia: a historic development, which will transform economic and trade opportunities between the two countries, promoting regional integration and reducing fragility.Climate Action: African Development Bank calls for global collaboration to turn Nationally Determined Contributions into investment plans
20-Mar-2019 - The African Development Bank has called for global collaboration to ensure consistent and coordinated support to African countries in the implementation of their Nationally Determined Contributions (NDCs).African Development Bank: Professor Anthony Nyong, Director for Climate Change and Green Growth, named among world’s “100 Most Influential People in Climate Policy”
20-Mar-2019 - The African Development Bank is pleased to announce the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘100 Most Influential People in Climate Policy 2019’ by Apolitic
Semaine malienne des énergies renouvelables : Le Mali sur la voie d’un avenir énergétique prometteur
19-Mar-2019 - Du 19 au 23 février 2019, s’est tenue la 1e édition de la Semaine malienne des énergies renouvelables (SemR) à Bamako, au Mali, sur le thème « Investissons durablement dans l’avenir énergétique du Mali »
Gabon : revue du document de stratégie pays et de la performance du portefeuille de la Banque africaine de développement
19-Mar-2019 - La revue à mi-parcours du document de stratégie pays (DSP 2016-2020) et de la performance du portefeuille (RPPP) de la Banque africaine de développement au Gabon commence cette semaine pour s’achever lundi 25 mars. L’atelier de lancement de la revue a lieu aujourd’hui, à Libreville, sous la présidence de Jean-Marie Ogandaga, ministre de l’économie, de la prospective et de la programmation du développement, chargé de la promotion des investissements publics et privés, et gouverneur de la Banque africaine de développement.
Timely access to affordable fertilizers, key to sustainable agriculture development in Africa
18-Mar-2019 - Achieving sustainable agricultural growth and development in Africa will increasingly depend on more farmers getting timely access to affordable fertilizers. This was the view of stakeholders and agriculture experts attending the 7th Governing Council meeting of the Africa Fertilizer Financing Mechanism (AFFM), held on 27 February 2019 in Marrakech, Morocco, on the side-lines of the 10th Annual Argus Africa Fertilizer Conference.
Mozambique: African Development Bank, Portugal and Mozambique sign MOU for “Lusophone compact” to accelerate private sector development
18-Mar-2019 - The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact. The Lusophone Compact is a financing platform, involving the Bank, Portugal, Angola, Cabo Verde, Guinea Bissau, Equatorial Guinea Mozambique and Sao Tome and Principe, which provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries.