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African Development Bank and South African Embassy to host a joint lecture to celebrate Nelson Mandela centenary in Cote d’Ivoire
17-Sep-2018 - As part of Nelson Mandela’s centenary celebration, the African Development Bank, through its Institute of African development (ECAD) will organize a public lecture on the theme “The Africa we want: Promoting African Knowledge by Africans, for Africa” on September 17, 2018 at the Bank’s Headquarters, in the Babacar N’Diaye Auditorium.African Development Bank President Adesina to embark on four-day working visit to Canada to strengthen bilateral ties
17-Sep-2018 - The President of the African Development Bank, Dr. Akinwumi Adesina, will lead a delegation to Canada from 17-20 September, along with David Stevenson, Executive Director at the Bank representing Canada, China, Republic of Korea, Turkey and Kuwait. Other senior members of the delegation include Stella Kilonzo, Senior Director of the Africa Investment Forum; Vanessa Moungar, Director for Gender, Women and Civil Society; and Timothy Turner, Group Chief Risk Officer.The African Development Bank and MCB Group launch African Domestic Bond Fund
17-Sep-2018 - The African Development Bank and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018. It is the first multijurisdictional fixed income Exchange Traded Fund (ETF) on the continent.
African Agric Ministers, Private and Public Sector Leaders push for more investment, less talk
14-Sep-2018 - Several African agriculture ministers joined public and private sector representatives calling for more investment in agriculture at a Leadership4Agriculture event held at the African Green Revolution Forum (AGRF) in Kigali, Rwanda. Organized by the African Development Bank, the Leadership4Agriculture session facilitated partnerships between policy makers, private investors, institutions and offered participants opportunity to learn more about the Leadership4Agriculture network’s agenda to drive action-oriented, growth enabling investments.Sustainable Energy Fund for Africa grants US$ 1 million to stimulate renewable energy investments in Angola
13-Sep-2018 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a US$1 million grant to Independent Power Producers (IPP) in Angola to encourage private investment in renewable energy.Étude sur l'industrialisation durable de la filière Bois dans les pays du Bassin du Congo : Atelier de restitution
13-Sep-2018 - Le Groupe de la Banque africaine de développement, à travers son Bureau régional de développement et de prestation de services pour l’Afrique centrale (RDGC), vous convie à l’atelier de restitution de l’étude régionale sur l’industrialisation durable de la filière Bois dans les pays du Bassin du Congo, qui a lieu le jeudi 13 septembre 2018 à l’Hôtel Radisson Blu de Libreville, au Gabon.African Development Bank boosts Cameroon livestock and fish farming with €84 million loan
13-Sep-2018 - The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes. The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country.
Lesotho’s King Letsie III reaffirms African Leaders for Nutrition Champion role
13-Sep-2018 - His Majesty King Letsie III of the Kingdom of Lesotho made a commitment to mobilize and engage with African Heads of State and Finance Ministers to rally behind the African Leaders for Nutrition initiative in the upcoming African Union Summit in January 2019. The announcement follows a joint visit of African Development Bank Director of Human Capital, Youth and Skills Development, Oley Dibba-Wadda and African Union Commission Head of Health Nutrition and Population, Department of Social Affairs, Margaret Agama-Anyetei to the Kingdom of Lesotho.African Development Bank says staple crops processing zones will transform African agriculture
13-Sep-2018 - Africa pays more than a crippling $35 billion annually to import food, a figure that could rise to $110 billion by 2025, if current trade trends continue. To reverse this, the African Development Bank intends to create staple crops processing zones (SCPZs) to help African countries become net exporters of processed foods and commodities.
ALSF wins Best Legal Department of the Year prize at the African Legal Awards
12-Sep-2018 - The African Legal Support Facility (ALSF) was recognized as Best Legal Department of the Year (Large Teams) at the 2018 Annual African Legal Awards held in Johannesburg, South Africa on 8 August. The ALSF also received special mention for its efforts in assisting African governments in negotiating investment related transactions essential for their social and economic development.African Development Bank releases new tool to assess resilience and fragility in countries
12-Sep-2018 - The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under. Called the Country Resilience and Fragility Assessment (CRFA), the tool offers a completely new method of assessing resilience and fragility using seven key criteria: political inclusiveness, safety and security, justice, the economy, social cohesion, the regional contagion effect, and climate change.
A Continent in Mourning
12-Sep-2018 - As the world bids farewell to global statesman and former United Nations Secretary General Kofi Annan, the African Development Bank joins a continent in mourning in paying tribute to this extraordinary son of Africa. The Bank celebrates the towering memory of this great Ghanaian and his service to Africa and the world.African Development Bank’s Board approves Policy on Non-Sovereign Operations
12-Sep-2018 - The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional terms.Senegal: African Development Bank supports prudent debt management and Senegal’s National Development Strategy
11-Sep-2018 - On September 5th, 2018, the Board of Directors of the African Development Bank approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds. This innovative operation aims to support the Senegalese government’s efforts to improve the predictability of its debt servicing and enhance prudent management.14 September 2018 deadline for applications to Next African Global IT Leaders Program, spring 2019
10-Sep-2018 - The African Development Institute of the African Development Bank has announced the implementation of the Next African Global IT Leaders Program under the aegis of the Korea-Africa Economic Cooperation (KOAFEC) Knowledge Sharing Program (KSP). The objective of the program is to create a critical mass of highly trained professionals in ICT across the African continent at the level of Global IT experts.Integrity in Development Projects: African Development Bank Debars Centre Africain de Recherches Forestières Appliquées et de Développement and Mr. Benjamin TCHOFFO for 36 Months
10-Sep-2018 - The African Development Bank Group on September 10, 2018, announced the debarment of the Centre Africain de Recherches Forestières Appliquées et de Développement (CARFAD), a consulting company based in Yaoundé, Cameroon, and its Executive Director, Benjamin Tchoffo for a minimum period of 36 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that CARFAD and Mr. TCHOFFO engaged in an obstructive practice by materially impeding the exercise of the Bank’s inspection and audit rights.Launch of the African Domestic Bond Fund
10-Sep-2018 - The African Development Bank and MCB Capital Markets are pleased to invite you to the launch of the African Domestic Bond Fund (ADBF), the first multijurisdictional sovereign fixed income Exchange Traded Fund on the continent. This event will give you the opportunity to learn more about African capital markets and to understand why we believe in this investment opportunity. ADBF will be officially listed on the Stock Exchange of Mauritius and start trading on 18 September 2018.African Development Bank approves US$ 15 million Equity Investment to boost SME growth in West Africa
07-Sep-2018 - The Board of Directors of the African Development Bank has approved a US$ 15 million equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa including Nigeria, Ghana, Liberia, Sierra Leone and the Gambia. The Fund’s investments will be in companies in consumer driven sectors including light industrials, fast moving consumer goods, education, financial services and agro processing. The ticket size for each investment will be between US...Equatorial Guinea: African Development Bank to support economic diversification and stronger public policies
06-Sep-2018 - The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies. The commitment followed the Bank Board’s approval of Equatorial Guinea’s Country Strategy Paper (CSP) for 2018-2022, in Abidjan on Wednesday, 5 August 2018. The 2018-2022 CSP provides the strategic orientation of the Bank’s support to the government’s efforts to diversify the economy.