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United Nations Environment Assembly: The African Development Bank urges action to promote inclusive production and consumption within planetary limits
01-Mar-2024 - At the sixth United Nations Environment Assembly (UNEA6), the African Development Bank has called for African countries to take urgent, concrete measures to adopt circular economy practices and boost efficient resource use for sustainable production and consumption.
Africa defies odds to become the world’s second fastest growing region, African Development Bank’s Adesina tells ambassadors in Abidjan
01-Mar-2024 - Africa’s economies continue to grow faster than the global average of 3% demonstrating resilience against several challenges including climate change, geopolitical tensions, rising inflation, food insecurity and rising debt. The President of the African Development Bank Group, Dr Akinwumi Adesina said, “It is forecasted that Africa will account for 11 out of the 20 fastest-growing economies in the world in 2024,” adding, “15 African countries have posted output expansions of more than 5%.
Mali: Partners and key players commit to developing renewables sector at opening of 3rd Renewable Energies Week
01-Mar-2024 - On Thursday 29 February 2024, the Malian Minister of Young People and Sports, Civic Education and Citizenship, Abdoul Kassim Fomba presided – in the name of the Prime Minister of Mali, Choguel Kokalla Maïga – the opening of the 3rd Renewable Energies Week. He renewed the commitment made by the authorities and key sector players to further the development of renewable energies in the country, located in the Sahel region of West Africa.
Bill & Melinda Gates Foundation commits $6 million to the African Water Facility for Africa Urban Sanitation Investment Initiative
01-Mar-2024 - The Bill & Melinda Gates Foundation has committed $6 million to the African Water Facility, to support the operationalization of the Africa Urban Sanitation Investment Initiative (AUSII) – a new financing window dedicated to improving sanitation in African urban cities. The African Water Facility, a special project preparation fund established as an initiative of the African Ministers Council on Water (AMCOW), is hosted and managed by the African Development Bank.
Ethiopia: African Development Fund grants $46 million to improve access to water and sanitation for pastoral communities in the Borana region
29-Feb-2024 - The Board of Directors of the African Development Fund in Abidjan on 28 February 2024, donated $46.02 million to Ethiopia to implement Phase 2 of the Borana Resilient Water Development for Improved Livelihoods Program in the country’s south. Financial support from the African Development Bank Group’s concessional rate loans window is intended to improve access to integrated, sustainable, climate-smart, gender-sensitive water supply and sanitation services for pastoral communities in the arid lands of the Borana area, in the Oromia region.
24 global development organizations to watch in 2024
28-Feb-2024 - Original story: https://www.devex.com/news/24-global-development-organizations-to-watch-in-2024-107117 As 2024 gets underway, Devex is publishing a list of organizations we’ll be watching throughout the year. Some are established global development institutions going through upheavals, others are newer groups hitting their stride, and still others are undergoing strategic shifts. All promise to feature in our reporting.
African Development Bank approves $150 million Regional Trade Finance Unfunded Risk Participation Agreement facility for Eastern and Southern African Trade & Development Bank (TDB)
28-Feb-2024 - The Board of Directors of the African Development Bank Group has approved a $150 million Trade Finance Unfunded Risk Participation Agreement facility between the African Development Bank and Trade & Development Bank (TDB). The agreement is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade finance gap in Africa, in line with the aspirations of the African Continental Free Trade Area (AfCFTA).North Africa Digital Climate Advisory Services (DCAS) Training to Support Climate Resilience for Smallholder Agriculture
27-Feb-2024 - What: North Africa Digital Climate Advisory Services (DCAS) Training to Support Climate Resilience for Smallholder Agriculture Who: African Development Bank, International Fund for Agricultural Development and the Global Center on Adaptation When: 9:00- 15:30 GMT+2; 4-5 March 2024 Where: Online and in-person, Safir Hotel, Messiah Square, Giza in Cairo, Egypt. Register here
In unprecedented visit, Japanese Vice Finance Minister Kanda applauds the leadership of the President of the African Development Bank and affirms the strategic importance of the Bank
23-Feb-2024 - Masato Kanda, Japan’s Vice Minister of Finance for International Affairs, visited the African Development Bank headquarters on Thursday, the first such visit, signifying his country’s commitment to partnering to drive development across Africa.
Catalyzing Digital Innovation: African Development Bank commits $80 million to Ekiti Knowledge Zone Project in Nigeria
22-Feb-2024 - In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for this state-led pioneering special economic zone project, designed to foster linkages between educators, researchers, innovators, entrepreneurs, and industries, all within one location.
DR Congo: African Development Bank grants $7 million trade finance guarantee facility to Access Bank DR Congo to support SMEs and local businesses
22-Feb-2024 - On 20 February 2024, the Board of Directors of the African Development Bank Group approved a $7 million trade finance guarantee facility grant to Access Bank DR Congo.
Digital Climate Advisory Services Training to Support Climate Resilience for Smallholder Agriculture in Central Africa
21-Feb-2024 - What: Digital Climate Advisory Services Training to Support Climate Resilience for Smallholder Agriculture in Central Africa Who: African Development Bank, the Global Center on Adaptation, and FOKABS When: 8:00 – 16:30 (GMT+1), 25-26 April 2024 Where: Online and in-person at Prince de Galles Hotel, Douala, Cameroon. Register here.
SADC Business Council to Host Major Investment Forum Focused on Angola and Regional Growth
21-Feb-2024 - The SADC Business Council will host the Southern African Industrialisation Forum from 26-27 February 2024 at Sandton Hotel, in Johannesburg, South Africa. The prestigious two-day event will convene top government and business leaders to shape industrial priorities and investment opportunities focused largely on Angola with the theme focus, Human and Financial Capital: The Key Drivers for Sustainable Industrialisation in the SADC Region.
African Development Bank Group, Lake Chad Basin Commission sign MOU to restore Lake Chad Basin
20-Feb-2024 - The African Development Bank Group and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in Ethiopia, will mobilise financial and technical resources to improve the development and management of water resources, support livelihoods and restore peace in the region.
Unlocking Opportunities: Swedfund, African Development Bank Advance Collaboration on Private Sector Growth, Climate Action
20-Feb-2024 - An African Development Bank Group team, led by Senior Vice President Bajabulile Swazi Tshabalala, on 15 February 2024, met with a delegation from Swedfund – the Swedish state development finance institution – led by its CEO, Maria Hakansson.
African Development Bank and OCP Group provide $188 million for green investment in Morocco
20-Feb-2024 - The African Development Bank and the OCP Group signed three loan agreements in Rabat totalling $188 million to help fund the OCP Group’s Green Investment Program supplying clean drinking water to the towns around three new desalinisation plants.
Leaders say financing and stronger policies needed to tackle malnutrition affecting more than 80 million children
17-Feb-2024 - Africa’s children are paying a huge price for malnutrition, a high-level round table convened by the African Union and African Leaders for Nutrition Champion heard Friday evening. Some 86 million children below five face various forms of malnutrition, 63 million are stunted, 10 million are overweight and three million are wasted - that is they have low weight for their height.AU Summit: African Development Bank and Lake Chad Basin Commission to Sign a Memorandum of Understanding
16-Feb-2024 - What: Signing Ceremony for a Memorandum of Understanding to Rehabilitate the Lake Chad Basin Who: African Development Bank, Lake Chad Basin Commission When: Saturday, 17 February 2024; 16:30 - 18:00 EAT Where: Sheraton Hotel, Addis Ababa, Ethiopia
Semaine malienne des énergies renouvelables
16-Feb-2024 - Quoi ? Troisième édition de la Semaine malienne des énergies renouvelables Qui ? Banque africaine de développement, Agence des énergies renouvelables du Mali (AER-Mali), Fonds d’investissement climatiques (FIC), Programme des Nations unies pour le développement (PNUD), Fédération malienne de l’électricité et des énergies renouvelables et nouvelles (FENEM) Quand ? Du 29 février au 2 mars 2024 Où ? Centre international de conférence de Bamako (CICB), Bamako, Mali