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Opening Remarks d by Gabriel NEGATU, at the African Economic Conference - Kigali, Rwanda, 3rd December 2018
03-Dec-2018 - Excellencies, Hon. Claudine Uwera, Minister of State of Finance, Rwanda; H.E. Prof. Victor Harison, Commissioner for Economic Affairs African Union Commission; Ms. Giovanie Biha, Deputy Executive Secretary, United Nations Economic Commission for Africa; Ms. Ahunna Eziakonwa, Assistant Administrator, Regional Bureau for Africa, United Nations Development Programme; Ambassadors and Heads of Diplomatic Missions;The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project
03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities.
2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration
03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme:
African Development Bank joins ‘Moving For Climate NOW’ initiative at COP24
03-Dec-2018 - The UN Climate Change Conference COP24 has commenced in earnest in Katowice, Poland. A team of motivated volunteers arrived at the conference venue on e-bikes, having cycled more than 600 kilometers from Vienna, Austria to Katowice in Poland.
Barrage Kandadji au Niger : 436 millions mobilisés pour la réinstallation des populations
03-Dec-2018 - La Banque africaine de développement a accueilli une table ronde des partenaires techniques et financiers, le 30 novembre 2018 à Abidjan, sur le financement du Plan d’action de réinstallation (PAR 2) de la deuxième vague des populations concernées par le programme Kandadji, au Niger. Environ 436 millions de dollars américains, dont 60 millions de la Banque africaine de développement, chef de file des partenaires du programme Kandadji, ont été mobilisés pour la mise en œuvre de PAR 2, pour un besoin de 432 millions de dollars.AEC2018: Africa must focus on its big resource - its young people, experts urge
03-Dec-2018 - Professor Paul Collier, one of the world’s most influential development economists, warns that Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and integration will ensure sustainable growth and development across the continent. Dr. Collier, Professor of Economics and Public Policy in the Blavatnik School of Government at the University of Oxford, was delivering a keynote address at the African Economic Conference 2018, hosted by the African Development Bank in Kigali, Rwanda.
Importance of regional and continental integration for Africa’s development
03-Dec-2018 - Africa’s integration is no longer a matter of choice. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration. For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting robust and equitable economic growth through markets, but also for reducing conflict and enhancing trade liberalisation.COP24 La Banque africaine de développement présente en force au rendez-vous mondial pour le climat
03-Dec-2018 - À la pointe de la lutte contre le changement climatique en Afrique, la Banque africaine de développement sera présente cette fois encore au Sommet mondial pour le climat, dite COP24 qui, cette année, se tient à Katowice, en Pologne, du 3 au 14 décembre 2018.South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa
30-Nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating carbon dioxide (CO₂) emissions from...Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya
30-Nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP).Interview with Seyni Nafo, African Ambassador to COP24
30-Nov-2018 - Spokesperson for Africa at the 2015 Paris climate talks (COP21), Mali’s Seyni Alfa Nafo was also the chief negotiator for all the developing countries within the G77 and China (more than 136 countries) on the issue of increasing the pace of climate action by 2020.African Development Bank issues first ever SOFR-linked transaction in green bond market
30-Nov-2018 - On Tuesday 27 November 2018, the African Development Bank rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction.