News & Events
15/05/2012 - The African Development Bank Group in North Africa – A Year of Transitions is the third annual report produced by the AfDB North region departments. As was the case in earlier editions, the report focuses on the underlying challenges the region faced prior to the Arab Spring. However, this edition probes the obstacles that led to the Arab Spring. It goes on to explore how political transitions underway will shape North Africa’s options in meeting its economic challenges.
25/04/2012 - La consultation nationale sur la Stratégie à long terme de la Banque (2013-2022) a eu lieu le dimanche 22 avril 2012, à Alger, au siège du Bureau de la Banque en Algérie. Organisée en étroite coordination avec le ministère des Finances, elle a enregistré une large participation des parties prenantes que sont les représentants des ministères, des opérateurs économiques publics et privés, les centres de recherche, ainsi que de la société civile.
06/04/2012 - China’s presence in North African economies is expanding rapidly, as both an important trading partner, and increasingly as an investor. Chinese involvement can be readily seen in North African sectors like energy, infrastructure development, retail trade and, increasingly, in manufacturing. Yet, at the same time, North African industry has experienced the fallout associated with Chinese competitiveness in manufacturing within their domestic market and in third country markets.
21/02/2012 - France’s minister for cooperation, Henri de Raincourt, its secretary of state for foreign trade, Pierre Lellouche, represented by Delphine d’Amarzit, multilateral affairs and development manager at the general directorate for Treasury, and the vice president for sector operations from the African Development Bank (AfDB), Kamal Elkheshen, met in Paris on 21 February 2012, where more than 200 people gathered for a conference on money transfers to Africa from migrants
- Date: 21/02/2012 08:30 13:30
- Location: Paris, The Pierre-Mendès-France Conference Center Ministry of the Economy, Finance and Industry 139, rue de Bercy - Paris, 12th arrondissement
Remittances back home to North Africa and the franc zone from African migrants working abroad are worth tens of billions of euros every year. They are resilient to crisis and are a valuable spur to development in Africa. However, the costs of sending this money are far too high.
04/01/2012 - The Migration and Development Fund’s oversight committee recently approved a series of grants amounting to € 1.4 million to six remittances funded local development projects across the African continent.
09/12/2011 - The agricultural sector in the Maghreb is using natural resources so intensively that there is an urgent need to install government control mechanisms at both the national and local level. The rapid growth in the use of ground water for irrigation has resulted in a major increase in agricultural productivity, but the practice is unsustainable because of the over-use of aquifers and salinisation of the water and soil.
23/11/2011 - Youth unemployment across North Africa is one of the highest in the world. The paper, Tackling Youth Unemployment in the Maghrebit identifies the main causes and gauges the extent of youth unemployment in the Maghreb. It also assessesing initiatives taken to address the problem and proposes options for policy makers.
14/10/2011 - In its new publication, Islamic Banking and Finance in North Africa, the African Development Bank assesses the state of Islamic banking in the region and explains why its use has been limited. The report considers the future potential of Islamic finance, including its possible alignment with North Africa’s development goals, particularly its ability to increase the diversification of funding sources.
13/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a €20-million equity investment in the Maghreb Private Equity Fund III (MPEF III). This third-generation multi-sector private equity fund will target investments in Small and Medium Enterprises in Morocco, Algeria, Tunisia, Libya and, according to emerging investment opportunities, Egypt.