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African Development Bank commits €20 million to boost private sector competitiveness in Cabo Verde

16-Dec-2019 - The African Development Bank’s Board of Directors today approved a €20 million loan to strengthen the private sector’s role in Cabo Verde’s economic growth.  Bank funding will support the second phase of the Private Sector Competitiveness and Local Economic Development Programme (PSC-LED-II).  The programme will extend fiscal 2019 budget support to the government of Cabo Verde as it undertakes reforms to boost domestic productivity and the country’s overall economy.

Congo : la Banque africaine de développement accorde un prêt de 187 millions d’euros pour appuyer les réformes économiques

16-Dec-2019 - Pour faire face à la baisse de ses recettes fiscales et aux effets de la chute récente du prix du baril de pétrole, notamment un ralentissement de la croissance, le Congo a obtenu, vendredi à Abidjan, un appui financier de 187 millions d’euros de la Banque africaine de développement.

COP 25: Africa pushes for special consideration in Madrid climate talks

16-Dec-2019 - As terrible floods inundate their country, close to 100 Kenyan delegates have convened in Madrid, Spain, along with thousands of global leaders, for the COP 25 climate conference. Of particular concern to African delegates is the disparity between the continent’s contribution to global warming emissions and its vulnerability to climate change impacts. Collectively, the 54 African states represented at the UN climate talks account for less than 4% of global emissions, yet across the continent, every nation is feeling the effects of a changing...

Mobilisation à la COP25 autour des objectifs de lutte contre le changement climatique : « L’avenir de l’Afrique dépend de la solidarité. »

13-Dec-2019 - Ministres, diplomates, représentants d’ONG ou encore journalistes ont appelé, de concert, à bâtir un front uni pour répondre aux défis posés par le changement climatique en Afrique, à l’occasion de la Journée de l’Afrique organisée mardi à la 25ème conférence des Nations unies sur le climat (COP25) à Madrid.

African Development Bank joins forces with international organisations to help developing countries build resilience to extreme weather

13-Dec-2019 - The African Development Bank has joined forces with 11 other international organizations to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather. Following a series of deadly weather events that have caused widespread destruction, especially in Africa, the institutions came together at the COP 25 climate change conference in Madrid on Tuesday to launch the Alliance for Hydromet Development.

Nigeria: African Development Bank approves $124.2 million loan for water sector reforms in Akure to improve access to safe drinking water and sanitation

13-Dec-2019 - The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project cost is $222.69 million and will span five years from 2020-2025.

COP 25: African islands want their place in the sun as they grapple with climate change

13-Dec-2019 - Africa’s small island states are bearing the brunt of climate change, even though technology exists to prevent the worst impacts of extreme weather. Climate expert John Harding said fewer lives were being lost as a result of natural disasters, because of advanced early warning systems. However, many cash-strapped African countries are not benefiting from new technologies to develop early warning systems.

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

13-Dec-2019 - Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development Fund loans and represents 78.5% of the total €399.7 million project cost.  The European Union contributed a grant of €30 million, 7.7% of the total project cost, to the government...

African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects

12-Dec-2019 - The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent.

COP 25: ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals

12-Dec-2019 - There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa.

COP 25: Kenya experience suggests gender equality is best path to achieve SDGs

12-Dec-2019 - By LEOPOLD OBI, Climate Tracker Stakeholders at COP25 climate talks, citing Kenya’s example, called on developing countries to boost women’s involvement in the fight against climate change. Without gender equality, evidence suggests, African countries are unlikely to achieve the UN Sustainable Development Goals (SDGs) or transformative economic growth. 

The African Development Bank to launch its Policy on Non-sovereign Operations

12-Dec-2019 - WHAT: Dissemination workshop for the Policy on Non-sovereign Operations of the African Development Bank WHO: The Strategy and Operational Policies Department (SNSP) The Non-Sovereign Operations and Private Sector Support Department (PINS) WHEN: Monday 13 January 2020 from 09:00 to 17:00 WHERE:

African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan

12-Dec-2019 - The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference.

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

11-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.

In Senegal, the African Development Bank supports farmers to build food security

11-Dec-2019 - Gnilane Faye stands proudly by her chicken coop with her son, Serigne Saliou Ba, beside her. Faye, a Senegalese farmer and a beneficiary of the Pasa Loumakaf food security project supported by the African Development Bank, shows off her accounting book and explains how her business started.

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.

Senegal: African Development Bank lends €62.8 million to help create 150,000 jobs for women and young people

11-Dec-2019 - The Board of Directors of the African Development Bank approved a €62.83 million loan to the Government of Senegal for implementation of the first phase of a project aimed at providing jobs for 150,000 women and youth. Funding for the Project to Support and Enhance Women's and Young People's Entrepreneurial Initiatives (PAVIE I), is composed of a €14 million loan from the African Development Fund and a €48.83 million loan from the African Development Bank.

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.