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AfCFTA: Free trade bloc can be a game changer for African people and business
26-Mar-2021 - Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting. The African Development Bank, the United Nations Industrial Development Organization (UNIDO) and International Trade Centre (ITC) organized the session held on Wednesday 24 March.African Union welcomes DRC to African Peer Review Mechanism, urges other countries to join initiative
25-Mar-2021 - The African Union (AU) has welcomed the Democratic Republic of Congo as the newest member of its African Peer Review Mechanism. This took place during the AU’s 30th Forum of Heads of State and Government on Thursday. The meeting included presentations on ongoing or imminent reviews of governance and other spheres in a number of countries, including Liberia, Sierra Leone, Zambia and Kenya. The African Peer Review Mechanism is a voluntary mechanism that enables AU members to provide and submit to evaluation at local, national and continental...Intégration régionale : lancement des travaux de construction du pont de Rosso entre le Sénégal et la Mauritanie
25-Mar-2021 - Des membres des gouvernements mauritanien et sénégalais ont participé, aujourd’hui, à la cérémonie de signature d’une série de contrats destinés à lancer les travaux de construction du pont de Rosso qui reliera les deux pays voisins. La Mauritanie était représentée par Mohamedou Ould M'Haïmid, ministre de l’Équipement et des Transports, et Mohamed Lemine Ould Dhehby, ministre des Finances, et le Sénégal par Mansour Faye, ministre des Infrastructures, des Transports terrestres et du Désenclavement, et Abdoulaye Daouda Diallo, ministre des...
Nigerian ‘experienced beginner’ lands job with US-based software firm after taking Bank Coding for Employment course
25-Mar-2021 - In 2019, the African Development Bank and technology firm Microsoft launched the Coding for Employment digital training platform, an online tool providing digital skills to African youth. Of the more than 126,000 students who have completed the courses, 47% are women. The platform aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future. We asked Lagos-based Coding for Employment graduate Oluwakemi Adeleke, to tell us about her online learning experience.
Life after debt: African Development Bank Chief Economist Arezki reflects on governance and growth in Africa
24-Mar-2021 - In 2021, Africa is forecast to rebound from its worst economic recession in half a century. Which indicators underpin the likelihood of such a recovery?African Development Bank Group launches second phase of West African Capital Markets Integration Project backed by $850,000 grant
24-Mar-2021 - The African Development Bank on Tuesday launched the second phase of the West African Capital Markets Integration (WACMI) Project to establish a common securities listing and trading platform across West African bourses. In December 2020, WACMI received a grant of $850,000 from the Capital Markets Development Trust Fund (CMDTF), a multi-donor fund administered by the African Development Bank and supported by Luxembourg and the Netherlands.Congo : la Banque africaine de développement accorde un prêt supplémentaire de huit millions de dollars en faveur des chaînes de valeur agricoles
24-Mar-2021 - Le Conseil d’administration de la Banque africaine de développement a accordé, mercredi 24 mars à Abidjan, un financement supplémentaire de huit millions de dollars américains au gouvernement congolais afin de couvrir une partie des coûts du Projet de développement intégré des chaînes de valeur agricoles au Congo (PRODIVAC).
Energie : augmentation de 12% du taux d’accès à l’électricité en Afrique entre 2015 et 2019, avec le soutien de la Banque africaine de développement
23-Mar-2021 - Le déficit d’accès à l’électricité est un des obstacles majeurs au développement économique et social en Afrique. Beaucoup d’unités industrielles, de petites et moyennes entreprises africaines, souffrent de ce fait.Kenya: Equity Group Holdings plans trans-Africa expansion with $100 million loan from the African Development Bank
23-Mar-2021 - The African Development Bank and Equity Group Holdings (EGH) have signed a $100 million (Kshs 11 Billion) loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises as it grows. The loan, a tier two facility with a seven-year maturity, is expected to promote EGH’s ability to offer bespoke products to MSMEs, strengthen its balance sheet and optimize its capital structure across the continent with a special focus on women and youth entrepreneurs.
Canada and African Development Bank sign CAD 133 million gender lens Climate Fund for Africa
23-Mar-2021 - The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component.Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report
23-Mar-2021 - The African Development Bank and the Climate Investment Funds (CIF) have joined forces to prod
World Water Day 2021: Development partners must mobilize support to achieve a water-secure Africa
22-Mar-2021 - On World Water Day, we reflect on the impact that the African Development Bank has made over the past decade in this sector through various projects, which are helping communities all over Africa protect themselves against the coronavirus.Fragile gains: Women have made progress in education, but challenges persist in business and around abuse
22-Mar-2021 - As part of our coverage for International Women’s Month, we seek some insights from Vanessa Moungar, the African Development Bank’s Director for Gender, Women and Civil Society. Moungar tells us how the Bank is supporting women entrepreneurs and outlines the challenges that remain.
Uganda: African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project
18-Mar-2021 - The African Development Bank and the Government of Uganda on Tuesday signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors.African Development Bank launches $2.5 billion 0.875% Global Benchmark due 23 March 2026
18-Mar-2021 - The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026, its first $ benchmark of the year.
Appointment of Mr. Achraf TARSIM as Country Manager designated for Morocco
18-Mar-2021 - The African Development Bank Group is pleased to announce the appointment of Mr. Achraf TARSIM as Country Manager designated for Morocco. Achraf, a Tunisian citizen, joined the Bank in 2009, as an economist in the Governance and Economic and Financial Reforms Department.African Development Bank Group supports Domestic Debt Market Development in The Gambia, Sierra Leone, Guinea and Liberia
18-Mar-2021 - The African Development Bank Group has launched a project to support development of domestic debt markets and financial systems in four West African Monetary Zone (WAMZ) countries: the Gambia, Sierra Leone, Guinea and Liberia. The Bank had earlier approved a grant of UA1.5 million, or about $2 million for the project.Reconstruction post-Covid-19 : la Banque africaine de développement fait un don de quatre millions de dollars américains pour renforcer la résilience des jeunes entrepreneurs des pays du G5 Sahel
18-Mar-2021 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, mardi 16 mars à Abidjan, un don de quatre millions de dollars américains pour financer le Projet d’appui à la résilience des entreprises des jeunes dans les pays du G5 Sahel (PAREJ).African Continental Free Trade Area: Opportunities for African fashion entrepreneurs
18-Mar-2021 - The African Development Bank’s latest Fashionomics Africa webinar attracted well-known designers and industry experts to discuss the potential of the newly launched African Continental Free Trade Area to support the growth of the African fashion industry, regionally and globally. Among the established designers were Laduma Ngxokolo, the founder of MaXhosa Africa, whose designs are the main wardrobe feature of the movie Coming 2 America, the much-anticipated sequel to Eddie Murphy’s 1988 classic; and Mahlet Afework, the creative mind behind the...