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Interview with Moono Mupotola, African Development Bank’s Director for Regional Integration
24-Oct-2018 - “How would this year’s African Economic Conference (AEC) advance latent issues for Africa, including free movement of goods, people, labour, services and currency restrictions? What practical solutions especially in the implementation of the Africa Continental Free Trade Agreement (AfCFTA)?The 2018 Mid-Term Review of the African Development Fund, Kigali, Rwanda
24-Oct-2018 - “The Bank knows how much more still needs to be done in the economic transformation of Africa. This is why being fit for purpose in every respect is necessary for improving development impacts, attracting more private sector participation, and providing excellent value for money for member countries, beneficiaries, and funders.”African Development Bank headlines strong performance ahead of key investment forum
23-Oct-2018 - Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings.Mali : le Groupe de la Banque africaine de développement soutien le secteur privé avec 30 millions d’euros
23-Oct-2018 - Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé une ligne de crédit de 30 millions d’euros en faveur de la Banque de Développement du Mali (BDM-SA), en vue de procurer des financements sur le long terme à sa clientèle, et de répondre à leurs besoins d’investissement. La clientèle de la BDM-SA est constituée aussi bien de grandes que de petites et moyennes entreprises (PME) opérant dans des secteurs réputés être à haute intensité de main d’œuvre, tels que l’agro-industrie et le logement social.
Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million
23-Oct-2018 - The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion.
Projet de transport urbain d’Abidjan : 329 millions d’euros supplémentaires de la Banque africaine de développement pour boucler le financement du projet
23-Oct-2018 - Désireux d’améliorer les conditions de vie des 5 millions d’Abidjanais, la compétitivité des activités économiques urbaines, de promouvoir le développement industriel, la planification et la gestion urbaines, l’hygiène, la salubrité publique et la qualité de l’air, le gouvernement ivoirien a initié un vaste programme intégré de développement urbain, évalué à 770 millions d’euros, qui met l’accent sur les infrastructures de transport.South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans.
22-Oct-2018 - The African Development Bank has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators. The minibus taxi system accounts for about 69 percent of all public transport trips in South Africa. The financing will support the Company’s growth plans and initiatives to support Small and Medium Enterprises (SMEs) in the...African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers
22-Oct-2018 - The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future.African Development Bank Group Announces Appointment of Director, Integrity and Anti-Corruption and Director Human Resources
22-Oct-2018 - The President of the African Development Bank Group, Dr Akinwumi A. Adesina, is pleased to announce the following senior appointments. Alan BacareseDIRECTOR, INTEGRITY AND ANTI-CORRUPTION
Afe Babalola University Confers Honorary Doctorate Degree on African Development Bank President Akinwumi Adesina
22-Oct-2018 - The Afe Babalola University, Ado-Ekiti, Nigeria, has conferred a Doctor of Letters, Honoris Causa on the President of the African Development Bank, Akinwumi Adesina in recognition of his immense contributions to socio-economic development on the continent. John Olachy Momoh, Chairman of Channels Media Group, Nigeria’s multi award-winning television station also received an Honoris Causa at the 6th Convocation ceremony of the University held on Sunday 21 October 2018 at the University Campus in Ado Ekiti.Senior Management Appointments at The African Development Bank
19-Oct-2018 - The President of the African Development Bank, Dr Akinwumi A. Adesina, is pleased to announce the following Senior Management appointments: Director, Fiduciary and Financial Management Mr. Frank Mvula was appointed as Director, Fiduciary and Financial Management with effect from 1st July 2018.
Appointments in the office of the President, the African Development Bank
19-Oct-2018 - The President of the African Development Bank, Dr Akinwumi A. Adesina, is pleased to announce the following appointments in the Office of the President; CHIEF OF STAFF & DIRECTOR OF CABINET OF THE PRESIDENT AND SPECIAL ADVISOR TO THE PRESIDENT ON INDUSTRIALIZATION Professor Banji Oyelaran-OyeyinkaAfrican Development Bank approves US$50mn facility to support SMEs and Women Owned Enterprises in Nigeria
18-Oct-2018 - The African Development Bank has approved a US$50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors, including close to a hundred SMEs in manufacturing, health and education.
African Development Bank leads pan-African campaign against Fall Army Worm
17-Oct-2018 - The African Development Bank recently convened a meeting of experts and stakeholders in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the Fall Army Worm in East Africa. The Fall Army Worm or Spodoptera frugiperda is an invasive insect threatening food supplies and incomes of millions of African smallholder farmers. The multi-stakeholder, regional action plans to stop the menace of the worm in Africa falls under the Bank’s Technologies for African Agriculture Transformation (...
African Development Bank to showcase key agriculture initiatives at 2018 World Food Prize events
17-Oct-2018 - President of the African Development Bank, Akinwumi Adesina, will lead a Bank delegation to the World Food Prize 2018 edition taking place in Iowa, U.S. The Bank will participate in various events to showcase its Technologies for Agricultural Transformation (TAAT) and other key initiatives.
Young Africans fired up by African Development Bank agribusiness mentoring partnership with Purdue University
17-Oct-2018 - For Miriam Ahuna Ofoeze, nothing now stands between her and her cherished goal of becoming a successful agribusiness entrepreneur. Thanks to an innovative training programme sponsored by the African Development Bank at Purdue University, Indianapolis, the young Nigerian is even convinced she now has what it takes to become a future World Food Prize winner. “I have a dream that one day I will make some impact in Africa and win the World Food Prize,” says the young post-harvest processor at the National Root Crops Research Institute in Umudike...The African Development Bank to invest the Naira equivalent of USD 10 million into the Chapel Hill Denham Nigeria Infrastructure Debt Fund
17-Oct-2018 - The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). This investment aims to meet the country’s infrastructure investment needs, including in the power and energy infrastructure sectors. NIDF is the first and the only listed local currency infrastructure debt fund in Africa.
On October 15, the Bank observes Global Handwashing Day
17-Oct-2018 - The African Development Bank joined the international community in observing Global Handwashing Day on October 15. Global Handwashing Day, organized by the Global Handwashing Partnership, is intended to motivate and mobilize people around the world to improve their handwashing habits. It promotes handwashing with soap at critical points during the day, such as before cooking, eating, feeding others, or after using the toilet.
Rwanda and African Development Bank sign €229 million loan agreements to finance electricity projects
17-Oct-2018 - The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity under the Scaling Up Electricity Access Program Phase II (SEAP II). This operation builds on the successful implementation of the Scaling Up Electricity Access Program (SEAP) approved by the Bank in 2013 with a combined estimated €39.74million loan and grant.