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Central Africa could be the continent’s rising star, thanks to the African Continental Free Trade Area
11-Jun-2019 - Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank shows. Hanan Morsy, Director of Research at the Bank, revealed the findings at the launch of one of the Bank’s flagship reports in Malabo, where the African Development Bank is hosting its Annual Meetings.
Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event
11-Jun-2019 - African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent.
African Development Bank 2019 Annual Meetings: African Legal Support Facility holds Management Board, Governing Council meetings
11-Jun-2019 - The African Legal Support Facility (ALSF) held its 28th Management Board and 10th Governing Council meetings on 10 and 11 June 2019 respectively, on the margins of the 2019 African Development Bank Group Annual Meetings held in Malabo, Equatorial Guinea. The members reviewed the 2018 activities of the ALSF and discussed the future of the organisation.
African financial institutions play a key role in the continent's regional integration, says African Development Bank Vice-President Pierre Guislain
11-Jun-2019 - African Development Bank Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain, on Tuesday stressed the major role that African financial institutions play in regional integration. "These institutions finance the private sector, which has to become the engine of Africa's regional integration," said Guislain at the opening of the Association of African Development Finance Institutions (AADFI) workshop on the sidelines of the Bank's Annual Meetings in Malabo, Equatorial Guinea.
Ensuring a colourful and safe meeting environment – Malabo goes the extra mile
11-Jun-2019 - Malabo not only rolled out the red carpet Tuesday for delegates arriving at the ultramodern Sipopo Congress Centre for this year’s Annual Meetings of the African Development Bank Group, it is also making sure that the event takes place in a safe, colourful and entertaining environment. Delegates were warmly greeted by local dancers with many of them waving white handkerchiefs to arriving dignitaries. “No doubt this is the right ambience – it’s peaceful, harmonious, colourful and welcoming. It sets the perfect stage for a meaningful meeting,”...
Africa’s regional integration gains momentum at African Development Bank Group Annual Meetings in Malabo
10-Jun-2019 - “If we get integration right, Africa can develop with dignity and confidence,” African Development Bank President Akinwumi Adesina told journalists at a press conference to herald the Bank’s 2019 Annual Meetings, due to open Tuesday in Malabo, Equatorial Guinea. The theme of this year’s meetings is ‘Regional Integration for Africa’s Economic Prosperity.” Regional integration gained momentum with the agreement on the African Continental Free Trade Area (AfCFTA) in March 2018 and is now at the threshold of its launch next month.Côte d’Ivoire : la Banque africaine de développement accorde un prêt total de 150 millions d’euros pour renforcer le réseau électrique
07-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, mercredi 5 juin 2019, deux prêts de premier rang pour le renforcement du réseau électrique, d’une valeur totale de 150 millions d’euros. Un prêt de 100 millions d’euros pour la construction d’une centrale thermique à cycle combiné, fonctionnant au gaz à Taboth, dans le département de Jacqueville (ouest d’Abidjan) ci-après désigné le projet « Atinkou », ainsi qu’un autre de 50 millions d’euros pour l’extension de la centrale thermique à cycle combiné au gaz d’Azito,...Guinée Equatoriale : 26 millions d’EUR de la Banque Africaine de Développement pour le Projet de modernisation des Finances publiques
07-Jun-2019 - Le Conseil d'administration de la Banque Africaine de Développement (BAD) a approuvé, ce mercredi 5 juin 2019, un prêt de 26,5436 millions d’EUR à la République de Guinée Equatoriale en vue de financer le Projet d’appui à la modernisation des Finances publiques (PAMFP). Cet appui institutionnel sera exécuté sur la période 2019-2023, et vise à accompagner les autorités dans leurs efforts de renforcement de la gouvernance et de modernisation de la gestion des finances publiques.Cacao : 100 million € de la BAD pour l’appui aux activités préalables à l’exportation et à la chaine de valeur du cacao en Côte d’Ivoire
07-Jun-2019 - Ce projet est dans la droite ligne des objectifs de la BAD, qui entend favoriser une croissance inclusive, tout en répondant aux priorités opérationnelles pour le développement du secteur privé. La facilité, qui constitue une source de financement stable, permettra à SUCDEN CI de disposer des liquidités nécessaires pour préfinancer ses fournisseurs et soutenir les coopératives locales partenaires. De plus, ce financement permettra d’accroitre les exportations de cacao de la Côte d’Ivoire, et aidera à renforcer les capacités des fournisseurs et...
South Africa: Women Walking the Road Less Taken, and Shining
06-Jun-2019 - Pumza Mbulekwua and Phie Nxumalo are working in male-dominated fields - construction and engineering. The pair both had their Bachelor’s degrees funded by Eskom, as part of its efforts to groom specialists to augment the workforce at its Medupi Power Station.African Development Bank, Adaptation Fund, Green Climate Fund convene first Direct Access to climate finance meeting
06-Jun-2019 - To accelerate and enhance Direct Access to climate finance for developing countries that are vulnerable to climate change, the Adaptation Fund (AF), Green Climate Fund (GCF), African Development Bank and South African National Biodiversity Institute (SANBI) are joining forces toCyclones Idaï et Kenneth : plus de 92 millions de dollars de dons accordés aux pays victimes par la Banque africaine de développement
06-Jun-2019 - Trois mois après le passage dévastateur des cyclones Idaï et Kenneth au Mozambique, au Zimbabwe et au Malawi, la Banque africaine de développement a accordé, mercredi 5 juin 2019, un nouveau soutien financier de 92,41 millions de dollars américains pour la mise en œuvre d’un programme de reconstruction d’urgence et de résilience sur quatre ans.
African Development Bank, Reuters Foundation train journalists on development reporting
05-Jun-2019 - “We are custodians of a narrative that can inspire and give wings to the dreams of the younger generation,” African Development Bank Director of Communications, Victor Oladokun said at the opening session of the first ever journalism training hosted by the African Development Bank. “In the midst of the challenges, we have to give the young people hope,” he added.
University of Alberta awards Akinwumi Adesina honorary doctorate
05-Jun-2019 - “You will achieve great things in life, but always remember: humility is what will make you stand out,” African Development Bank President Akinwumi Adesina told the University of Alberta's graduating class of 2019.Mozambique: African Development Bank offers $50 million for post-cyclone relief
05-Jun-2019 - An international pledging conference to finance the reconstruction of parts of cyclone-hit Mozambique took place in the city of Beira on 31 May and 1 June. Multi-lateral development agencies, international organizations, government representatives, the private sector and civil society gathered at the conference, aimed at soliciting financial support for the effort.
Le chef de la diplomatie portugaise, Augusto Santos Silva, en visite au siège du Groupe de la Banque africaine de développement
05-Jun-2019 - « Nous sommes conscients que l'avenir de l'Europe dépend de celui de l'Afrique et des relations d’interdépendance et de complémentarité entre les deux continents voisins. Nous entretenons des relations très étroites avec ce continent que nous considérons comme une priorité », a déclaré Augusto Santos Silva, ministre portugais des Affaires étrangères, le 29 mai 2019, au siège de la Banque africaine de développement, à Abidjan. Il a insisté sur la nécessité d'investir en Afrique dans le cadre d'un programme participatif at gagnant-gagnant.
South Africa: African Development Bank Group Supports Skills Development in Eskom’s Medupi Power Plant
05-Jun-2019 - For many years, Sarina Malatji dreamed about helping out her community. She grew up in a community where few young people could afford an education. Today, she has not only educated herself, but she is also contributing towards the education of others. Malatji was raised in Limpopo Province where the scorching sun and bushveld disadvantage reign.
African Development Bank features at Mozambique’s Growing Blue Event
03-Jun-2019 - The African Development Bank is focusing on building risk management systems and resilience for countries vulnerable to climate change, it told participants at the recently concluded high level conference on the Blue Economy held in Maputo, Mozambique.