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African Development Bank and Nigerian Government launch multimillion−dollar initiative to support recovery efforts in northeast
06-Dec-2018 - In collaboration with Nigeria’s Presidential Committee on the North East Initiative, the African Development Bank is launching the Bank-financed Inclusive Basic Delivery and Livelihood Empowerment Program for North East Nigeria. This important initiative aims at supporting recovery efforts in the region by addressing and investing in critical areas of infrastructure.Malawi: African Development Bank US$ 35 million loan to boost agriculture and natural resource management
06-Dec-2018 - The African Development Bank has approved a US$ 35 million loan for the Shire Valley Transformation Program - Phase 1 (SVTP-1), aimed at reducing poverty through the development of agricultural value chain and climate adaptation mechanisms. The Shire Valley Transformation Project will provide access to gravity fed irrigation and drainage services to the Chikwawa and Nsanje Districts south of Malawi. It will also secure land tenure for smallholder farmers and strengthen management of wetlands and protected areas.
Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference
06-Dec-2018 - “Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank. Africa is currently home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in previous years.
Africa Investment Forum 2018: Investing in youth, a must for Africa’s future
05-Dec-2018 - An Ivorian youth was among a select group who took centre stage on the final day of the Africa Investment Forum - to demonstrate their business acumen and to secure investment in their businesses.
COP24: "If climate change gets any worse, we're simply going to disappear!", 12-year old Mounir Mbogo warns
05-Dec-2018 - At just 12 years of age, Mounir Mbogo wades into the climate discourse and has sounded the alarm on climate impacts to humanity’s survival. On Tuesday 4 December 2018, Mounir from the Chadian capital N'Djamena made an impassioned plea for renewable energy, especially solar, in the African Development Bank Pavilion at COP24, Katowice, Poland. Mounir, who had come for a session on the Desert to Power initiative of the African Development Bank, received a rapturous applause.
New Africa’s Sustainable Development report urges improved planning to leverage potential of urbanization and address attendant environmental challenges
05-Dec-2018 - The latest report on Africa’s sustainable development urges governments to strengthen their urban planning capacities to manage the potential of the region’s ever-expanding cities and address environmental challenges including climate change, droughts and floods.AEC2018: Calls for quality research to boost African economies and integration
05-Dec-2018 - Jean-Guy Afrika, a Principal Trade Expert at the African Development Bank, has tasked researchers on the continent to provide quality evidence-based studies that can help policymakers and citizens to achieve the best outcomes from regional integration and the African Continental Free Trade Area (AfCFTA). He made the appeal during the 2018 African Economic Conference, which closed Wednesday in Kigali, Rwanda.Ghana : La « féminisation de la pauvreté » contredite par l’impact du Tarif extérieur commun
05-Dec-2018 - Emmanuel Orkoh, économiste chercheur, présentait mardi 4 décembre à Kigali, au Rwanda, un exposé sur Les effets du bien-être sur le genre découlant de l’intégration du commerce régional sur les ménages au Ghana, dans le cadre de la 13e Conférence économique africaine (AEC) 2018.AEC2018: African Governance Report calls for better management of natural resources
05-Dec-2018 - The African Governance Report 2018 has called for better management of the continent’s natural resources to match the expected yields generated by the African Continental Free Trade Area (AfCFTA). The report, entitled ‘Natural Resource Governance and Domestic Revenue Mobilization for Structural Transformation’ was launched at a special plenary session held on Tuesday 4 December during the African Economic Conference, in Kigali, Rwanda.
Unlocking the transformative potential of small-scale renewables energy in Africa
05-Dec-2018 - Africa has access to a unique wealth of primary renewable energy supplies. It has enough solar, wind and hydro resources to power up the whole continent and to increase the economic development of all its countries. Unfortunately, those valuable resources have not been used well over the last decade.
COP24 panel on need to prioritise energy efficiency in Africa
05-Dec-2018 - On Tuesday, the second day of the UN climate change conference (COP24) the African Development Bank held a session on energy efficiency in Africa in its Pavilion, where panellists reflected on the lessons of the many energy-efficiency initiatives that have emerged in Africa.COP24: Africa Day calls for increased partnership to accelerate Africa’s low-carbon, climate-resilient development pathway
05-Dec-2018 - The opening day of COP24 Leader’s Summit was marked by the celebration of Africa Day which focused on how the implementation of Africa’s Nationally Determined Contributions for a healthy environment can accelerate development on the continent.African Development Bank to unveil new Multi-Sectoral Nutrition Action Plan
04-Dec-2018 - The African Development Bank is organizing regional dissemination events to share its newly adopted Multi-Sectoral Nutrition Action Plan (2018-2025) and secure stakeholders buy-in for effective implementation. The first in the series of the dissemination events takes place on Tuesday, 4 December 2018 from 8.30-13.00, and will provide a platform to chart the way forward for improving multi-sectoral nutrition policy and programming.AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions
04-Dec-2018 - A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Continental Customs Union and the...
African Development Bank, Big Win Philanthropy, Dangote Foundation launch ambitious plan to improve child nutrition, fight stunting
04-Dec-2018 - Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by 40% in African children aged under 5 by 2025. Africa loses $25 billion per year in costs attributed to child morbidity and mortality, impaired cognitive, physical, and economic development caused by malnutrition. Yet these losses are almost entirely preventable.Opening Remarks d by Gabriel NEGATU, at the African Economic Conference - Kigali, Rwanda, 3rd December 2018
03-Dec-2018 - Excellencies, Hon. Claudine Uwera, Minister of State of Finance, Rwanda; H.E. Prof. Victor Harison, Commissioner for Economic Affairs African Union Commission; Ms. Giovanie Biha, Deputy Executive Secretary, United Nations Economic Commission for Africa; Ms. Ahunna Eziakonwa, Assistant Administrator, Regional Bureau for Africa, United Nations Development Programme; Ambassadors and Heads of Diplomatic Missions;The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project
03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities.
2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration
03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme:
African Development Bank joins ‘Moving For Climate NOW’ initiative at COP24
03-Dec-2018 - The UN Climate Change Conference COP24 has commenced in earnest in Katowice, Poland. A team of motivated volunteers arrived at the conference venue on e-bikes, having cycled more than 600 kilometers from Vienna, Austria to Katowice in Poland.