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COP 25: African parliamentarians called on to speak as one for their voice to be heard

11-Dec-2019 - African parliamentarians should speak as one to make their voice heard in climate negotiations, Arona Soumaré, the African Development Bank's principal expert in climate change and green growth, said on Thursday during the 25th session of the Conference of the Parties on climate change (COP 25).

Development institutions present digital guide to help African countries fast-track SDGs, Paris Agreement and AU’s Agenda 2063 implementation

11-Dec-2019 - Three leading development partners have presented a digital application at the COP 25 climate conference in Madrid to help African countries grappling with the simultaneous implementation of key global initiatives. The United Nations Development Programme (UNDP), African Development Bank Group, and the African Union Development Agency-NEPAD (AUDA-NEPAD) on Tuesday unveiled the Guide for Integrated Planning in Africa.

Sénégal : prêt de 62 millions d’euros de la Banque africaine de développement pour créer 150 000 emplois ciblant les femmes et les jeunes

11-Dec-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le mardi 10 décembre 2019, à Abidjan, un financement de 62,83 millions d’euros soit 41,21 milliards de francs CFA au gouvernement du Sénégal, pour la mise en œuvre de la première phase de son Projet d’appui et de valorisation des initiatives entrepreneuriales des femmes et des jeunes, première phase (PAVIE I).

Maroc : la Banque africaine de développement approuve près de 245 millions d’euros pour développer les réseaux de transport d’électricité et d’électrification rurale

11-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jour, un financement d’environ 245 millions d’euros en faveur de l’Office national de l’électricité et de l’eau potable (ONEE) en vue de réaliser son programme de développement des réseaux de transport d’électricité et d’électrification rurale.

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

10-Dec-2019 - The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network.

Africa Day at COP 25 takes stock of climate talks

09-Dec-2019 - What:             Africa Day at COP 25 takes stock of climate talks When:            10 December 2019    Where:           Room 3, Hall 4 at IFEMA Conference Centre, Madrid Time:              18:30 to 20:00 Who:              Jointly organized by the African Union Commission, African Development Bank, and the United Nations Economic Commission for Africa   

African Development Bank’s Fashionomics Africa launches “game changing” digital marketplace for the continent’s fashion creators

09-Dec-2019 - The African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments and private sector leaders in Kigali, Rwanda.

COP 25 : Les Parlementaires africains appelés à parler d’une seule voix pour se faire entendre

07-Dec-2019 - « Les Parlementaires africains doivent parler d’une seule voix pour se faire entendre dans les négociations climatiques », a déclaré Arona Soumaré, expert principal en changement climatique et croissance verte à la Banque africaine de développement, ce jeudi lors de la 25è session de la conférence des Parties sur le Climat (COP 25).

Are Nature Based Solutions the key to Africa’s climate response?

06-Dec-2019 - While the UN climate talks are celebrating their 25th year, carbon emissions around the world have continued to climb. For many, that is where natural solutions could play a key role in managing a dramatic climate transition. Nature-based solutions or the process of working with and around natural ecosystems to deliver real-world benefits for climate resilience and sustainable development, took center stage on day 4 of COP25 in Madrid).

African Economic Conference: The do’s and don’ts of youth employment

06-Dec-2019 - African governments, working with civil society and the private sector, should formulate deliberate policies to boost employability, particularly of the continent’s youth, according to regional surveys presented at this year’s African Economic Conference (AEC) in Sharm El Sheikh, Egypt. Researchers Abou Kane from Senegal, Joachim Tindo from Cameroon and Togo’s Mawussi Djahini-Afawoubo administered the survey to analyze the labor market in their respective countries.

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

06-Dec-2019 - African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The ninth edition of the awards, organized by AABLA™ in conjunction with CNBC Africa, seeks to honour leaders who have contributed and shaped the African economy.

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

05-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.

African Legal Support Facility Management Board approves Work Plan and Budget for 2020

05-Dec-2019 - The African Legal Support Facility (ALSF) Management Board, the legal support arm of the African Development Bank, met in Abidjan, to review the institution’s activities, work plan and budget for 2020. “This is an opportunity for us to review and deliberate on ALSF interventions, which contribute meaningfully to development in Africa,” ALSF Board Chairperson, Gaston Kenfack, said in his opening remarks.

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

05-Dec-2019 - Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure – all to create decent jobs for the continent’s unemployed and under-employed youth.

The African Development Fund: over 45 years of support to strengthen the continent’s least developed and fragile nations

05-Dec-2019 - In 38 of the continent’s most vulnerable countries, the African Development Fund or ADF is enhancing livelihoods by promoting regional integration, fostering businesses and enhancing food security through its investments in power projects, roads and bridges.

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now!

04-Dec-2019 - “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with only 0.41 percent growth in employment.

Burkina Faso: African Development Bank approves €48,82 million for Desert to Power Yeleen programme to increase solar generation

04-Dec-2019 - The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

04-Dec-2019 - Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm El-Sheikh on Tuesday, the young business leaders said their role as engines of growth needed to be taken more seriously.

Conférence économique africaine 2019 : adapter la formation professionnelle aux besoins du marché pour accroitre les opportunités d’emplois des jeunes africains

04-Dec-2019 - Les experts et chercheurs présents à la Conférence économique africaine 2019, ont dressé un tableau des faiblesses du marché du travail en Afrique. Selon eux, ce marché est caractérisé principalement par l’inadéquation de la formation, un accès difficile et un environnement économique dominé par le secteur informel.  Au cours de cette session sur « Emploi des jeunes en Afrique, opportunités et défis », les jeunes chercheurs ont fait le point de la situation au Ghana, Togo, Bénin, Cameron et au Congo.

The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex

04-Dec-2019 - President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014.