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African Development Bank approves €286 million for Cameroon’s transport sector

24-Nov-2016 - On November 24, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved two loans for a total of €286.245 million to support the second phase of the Transport Sector Support Program in Cameroon.

Water at the heart of COP22 and actions on climate change

24-Nov-2016 - An historic first for the Conference of the Parties of the United Nations Agreement on Climate Change (COP), a Water Action Day was the highlight of the third day of COP22 in Marrakech, with November 9, 2016 dedicated to water. Several events were held throughout this Water Action Day, including a high level panel organized by the host country of this global summit on climate change in the United Nations blue zone.

The African Development Bank Group appoints Ms. Yacine Fal as Country Manager, North Africa Regional Development and Business Delivery Office

24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Ms. Yacine Fal as the Country Manager for the North Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The North Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Ms.

The African Development Bank Group appoints Dr. Tonia Kandiero as Director General, Southern Africa Regional Development and Business Delivery Office

24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Tonia Kandiero as Director General for the Southern Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The Southern Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.

AfDB approves US $75-million financial package to complement Diamond Trust Bank Kenya Limited’s funding to enterprises in East Africa

23-Nov-2016 - The Board of Directors of the African Development Bank has approved a US $75-million financial package comprising US $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa. The LoC will provide financing to small and medium enterprises (SMEs) and local corporates involved in value-addition in the trading, manufacturing, transport, and construction, among other sectors. In so doing, it will enhance job creation and...

Report calls for policies to empower rural youth, encourage private investment, increase access to land and finance to end poverty in West and Central Africa

23-Nov-2016 - Youth unemployment, insecure land tenure and weak value chains are the main obstacles in the way of ending poverty and inequality in West and Central Africa, says a new report released Wednesday in Abidjan by the International Fund for Agricultural Development (IFAD), in collaboration with the African Development Bank (AfDB).

La BAD alloue 38 millions d’euros à Coris Banque internationale en appui au secteur privé du Burkina Faso

23-Nov-2016 - Le Groupe de la Banque africaine de développement a approuvé le 23 novembre à Abidjan, l’octroi, par le biais de son guichet du secteur privé, d’une ligne de crédit (LDC) de 38 millions d’euros à Coris Banque internationale (CBI) au Burkina Faso. La BAD se réjouit à double titre de cette collaboration avec la CBI en ce qu’elle lui permet de contribuer à soutenir le secteur privé au Burkina Faso et d’apporter son concours à la CBI, un groupe bancaire à capitaux africains doté d’une vision et d’une volonté de dupliquer dans la sous-région son...

ADEA gears for the Continental Validation Meeting in Egypt prior to its 2017 Triennale in Morocco

23-Nov-2016 - The Association for the Development of Education in Africa (ADEA) held the 2017 Triennale Continental Validation Meeting in Cairo, Egypt, from November 22 to 23, 2016. The meeting was held under the invitation of His Excellency Prof. Dr. Ashraf El Shihy, Minister for Higher Education and Scientific Research of the Republic of Egypt, President of the African Union’s Specialized Technical Committee on Education, Science and Technology (STC-EST) and Steering Committee Chairperson of ADEA.

Africa50 appoints four esteemed infrastructure advisors to its Investment Committee

23-Nov-2016 - The Board of Directors of Africa50, the infrastructure fund for Africa, has approved the appointment of four internationally renowned investment and infrastructure experts as Senior Advisors and members of its Investment Committee. The four Senior Advisers, hailing from the U.S., France, Cameroon and Nigeria, will assist Africa50 in making investment decisions in a manner that will ensure the attainment of the dual objectives of development impact and financial return.