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Burundi: African Development Bank’s SEFA grants $1 million to support innovative solar-hydro hybrid project

17-Dec-2019 - The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a $990,000 grant to support the preparation of a 9-MW solar-hydro hybrid project in Burundi. The project consists of two plants, each featuring a solar and a hydro component as well as a local distribution network and interconnection to the national power grid.

Madagascar: African Development Bank approves guarantee of $100 million to hydro-power project, to benefit over 2 million people

17-Dec-2019 - The Board of Directors of the African Development Bank has approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar, which will add 205 MW of renewable energy generation capacity to the national grid, benefitting over 2 million people. The Bank’s support will include risk mitigation to the project developers and the debt providers by supporting the payment obligations of JIRAMA, the state-owned off-taker.

Egypt: African Development Bank board approves €109 million to transform sewage coverage in Upper Egypt rural areas

17-Dec-2019 - The Board of Directors of the African Development Bank has approved a €109 million facility for the development of sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate in Egypt’s Upper Nile region. The Integrated Rural Sanitation in Upper Egypt – Luxor (IRSUE-Luxor) project is set to boost sewage coverage in the region from 6 percent to 55 percent, improving the quality of life of citizens, including women and children, who are most affected by poor sanitation.

African Development Bank approves $5 million grant to scale up Tony Elumelu Entrepreneurship Programme

16-Dec-2019 - The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs.

COP 25: African Development Bank urges African nations to persist with climate change ambitions as marathon talks end in Madrid

16-Dec-2019 - The African Development Bank has urged the continent’s nations to stay the course on climate action, after a marathon session of talks at the twenty-fifth Conference of Parties to the United Nations Framework Convention on Climate Change (COP 25) in Madrid. The conference was scheduled to run from 2 to 13 December, but only concluded business on Sunday, two days after the official programme ended.

African Development Bank commits €20 million to boost private sector competitiveness in Cabo Verde

16-Dec-2019 - The African Development Bank’s Board of Directors today approved a €20 million loan to strengthen the private sector’s role in Cabo Verde’s economic growth.  Bank funding will support the second phase of the Private Sector Competitiveness and Local Economic Development Programme (PSC-LED-II).  The programme will extend fiscal 2019 budget support to the government of Cabo Verde as it undertakes reforms to boost domestic productivity and the country’s overall economy.

Congo : la Banque africaine de développement accorde un prêt de 187 millions d’euros pour appuyer les réformes économiques

16-Dec-2019 - Pour faire face à la baisse de ses recettes fiscales et aux effets de la chute récente du prix du baril de pétrole, notamment un ralentissement de la croissance, le Congo a obtenu, vendredi à Abidjan, un appui financier de 187 millions d’euros de la Banque africaine de développement.

COP 25: Africa pushes for special consideration in Madrid climate talks

16-Dec-2019 - As terrible floods inundate their country, close to 100 Kenyan delegates have convened in Madrid, Spain, along with thousands of global leaders, for the COP 25 climate conference. Of particular concern to African delegates is the disparity between the continent’s contribution to global warming emissions and its vulnerability to climate change impacts. Collectively, the 54 African states represented at the UN climate talks account for less than 4% of global emissions, yet across the continent, every nation is feeling the effects of a changing...

Mobilisation à la COP25 autour des objectifs de lutte contre le changement climatique : « L’avenir de l’Afrique dépend de la solidarité. »

13-Dec-2019 - Ministres, diplomates, représentants d’ONG ou encore journalistes ont appelé, de concert, à bâtir un front uni pour répondre aux défis posés par le changement climatique en Afrique, à l’occasion de la Journée de l’Afrique organisée mardi à la 25ème conférence des Nations unies sur le climat (COP25) à Madrid.

African Development Bank joins forces with international organisations to help developing countries build resilience to extreme weather

13-Dec-2019 - The African Development Bank has joined forces with 11 other international organizations to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather. Following a series of deadly weather events that have caused widespread destruction, especially in Africa, the institutions came together at the COP 25 climate change conference in Madrid on Tuesday to launch the Alliance for Hydromet Development.

Nigeria: African Development Bank approves $124.2 million loan for water sector reforms in Akure to improve access to safe drinking water and sanitation

13-Dec-2019 - The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project cost is $222.69 million and will span five years from 2020-2025.

COP 25: African islands want their place in the sun as they grapple with climate change

13-Dec-2019 - Africa’s small island states are bearing the brunt of climate change, even though technology exists to prevent the worst impacts of extreme weather. Climate expert John Harding said fewer lives were being lost as a result of natural disasters, because of advanced early warning systems. However, many cash-strapped African countries are not benefiting from new technologies to develop early warning systems.

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

13-Dec-2019 - Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development Fund loans and represents 78.5% of the total €399.7 million project cost.  The European Union contributed a grant of €30 million, 7.7% of the total project cost, to the government...

African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects

12-Dec-2019 - The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent.

COP 25: ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals

12-Dec-2019 - There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa.

COP 25: Kenya experience suggests gender equality is best path to achieve SDGs

12-Dec-2019 - By LEOPOLD OBI, Climate Tracker Stakeholders at COP25 climate talks, citing Kenya’s example, called on developing countries to boost women’s involvement in the fight against climate change. Without gender equality, evidence suggests, African countries are unlikely to achieve the UN Sustainable Development Goals (SDGs) or transformative economic growth. 

The African Development Bank to launch its Policy on Non-sovereign Operations

12-Dec-2019 - WHAT: Dissemination workshop for the Policy on Non-sovereign Operations of the African Development Bank WHO: The Strategy and Operational Policies Department (SNSP) The Non-Sovereign Operations and Private Sector Support Department (PINS) WHEN: Monday 13 January 2020 from 09:00 to 17:00 WHERE:

African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan

12-Dec-2019 - The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference.

ADF-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

11-Dec-2019 - Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.

In Senegal, the African Development Bank supports farmers to build food security

11-Dec-2019 - Gnilane Faye stands proudly by her chicken coop with her son, Serigne Saliou Ba, beside her. Faye, a Senegalese farmer and a beneficiary of the Pasa Loumakaf food security project supported by the African Development Bank, shows off her accounting book and explains how her business started.