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Africa Investment Forum 2019: "Africa's time is now!", says Akinwumi Adesina, President of the African Development Bank

14-Nov-2019 - At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution's support.

2019 Africa Investment Forum: African Development Bank, EU reaffirm partnership, ambition to de-risk business environment, create jobs in Africa

14-Nov-2019 - The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs. Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum.

Africa Investment Forum 2019 : le programme « Desert to Power », initié par la Banque africaine de développement, au centre des discussions d’un panel d’experts

13-Nov-2019 - Le programme « Desert to Power », initié par la Banque africaine de développement pour fournir de l’électricité à 250 millions de personnes dans la région du Sahel, a fait l’objet d’une session spécifique mardi à l’Africa Investment Forum 2019, organisé à Johannesburg, en Afrique du Sud.

African has grasped the Fourth Industrial Revolution, according to African Development Bank report, but its role globally could be even bigger

13-Nov-2019 - A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.  The report, titled “Potential of the Fourth Industrial Revolution in Africa”, was launched on Monday at the Africa Investment Forum, the continent’s premier investment marketplace, organized by the African Development Bank and its partners.

Toilets in schools matter – how African Development Bank is making a difference

13-Nov-2019 - At 14, Mercy Kamanga dropped out of school at Standard eight in St Paul’s Primary School in Mzimba, Malawi, due to a lack of suitable sanitation facilities. “The toilets at our school were very few, small, dilapidated and didn’t have doors; only a piece of cloth covered the entrance. Our male colleagues often rushed to nearby bushes to help themselves. It was not easy for us the girls,” recalled Mercy.

Africa Investment Forum 2019 : la République démocratique du Congo et la République du Congo signent un accord pour accélérer le projet de pont route-rail reliant leurs capitales

13-Nov-2019 - La République démocratique du Congo et la République du Congo ont signé, hier, dans le cadre de l’Africa Investment Forum à Johannesburg, un accord interétatique visant à accélérer la construction du pont reliant leurs capitales, Brazzaville et Kinshasa.

Raising capital to finance development – the Bank as innovator and catalyst

13-Nov-2019 - In many ways, Africa needs trade and investment even more than it needs development aid. This is reflected by the African Development Bank’s commitment to explore all the possible options of mobilising domestic resources.

African Development Bank Group becomes a shareholder in Africa Finance Corporation

13-Nov-2019 - L'Africa Finance Corporation (AFC), un prestataire de solutions d'infrastructures de premier plan en Afrique, a annoncé, hier, que la Banque africaine de développement avait investi 50 millions de dollars américains pour entrer à son capital. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC.

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

13-Nov-2019 - It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest compared with $37.8 billion dollars last year. During the 2018 edition of the Forum, 61 transactions valued at $46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth $38.7 billion, secured investment interest.

Africa Investment Forum 2019: "Build mutual trust to attract capital to Africa," says investors' panel

13-Nov-2019 - African, European and American investors and the President of the African Development Bank held a panel discussion on Tuesday at the Africa Investment Forum 2019 to collectively reflect on the theme: "Destination Africa: Leveraging Institutional Investors". Panellists included Adam Boehler, Chief Executive Officer of the United States International Development Finance Corporation; Rob Hersov, founder of the Invest Africa platform; Uche Orji, CEO of the Nigeria Sovereign Investment Authority; and Sola David Borha, CEO of Africa Regions,...

Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal

13-Nov-2019 - Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabled a $24.6 billion transformative project for Mozambique’s economy, the largest deal to feature at the 2019 Africa Investment Forum. The project includes the development of the Golfinho and Atum fields and the nation’s first onshore liquefied natural gas plant. Mozambique’s Prime Minister Agostinho do Rosário made the announcement at a media briefing session during the Forum, the continent’s premier investment marketplace, organized by the African...

Visual and graphic representation of sessions held at the 2019 Africa Investment Forum

13-Nov-2019 - Around 2000 delegates attended the innovative investment marketplace which brought together heads of state, project sponsors, pension funds, sovereign wealth funds, and institutional investors to move projects from commitment to action.

Africa Investment Forum 2019: MOU brings good news for Africa’s rail networks

13-Nov-2019 - The African Export-Import Bank (Afreximbank) and Thelo DB on Tuesday signed a Memorandum of Understanding at the Africa Investment Forum in Johannesburg. The agreement will give both parties an opportunity to develop, finance and operate railway projects across Africa. Thelo and Afreximbank have agreed to collaborate to modernise the continent’s railways, thereby promoting trade, investment, and economic and skills development. Both see the urgent need for efficient and effective transportation and logistics on the continent, particularly in...

Le Réseau africain de la commande publique (RACoP) tient sa première Assemblée générale à Dakar

13-Nov-2019 - Qui  ?        Réseau Africain de la Commande Publique (RACoP) Quoi  ?      Première Assemblée générale Où  ?         Dakar, Sénégal Quand  ?  du 14 au 18 novembre 2019  

Cameroun : la Banque africaine de développement et le Programme alimentaire mondial explorent des axes de collaboration

12-Nov-2019 - Le responsable pays, Solomane Kone et l’équipe des experts du Bureau de la Banque au Cameroun (COCM), ont eu une consultation avec une délégation du Programme alimentaire mondial (PAM), conduite par Janvier Litse, conseiller supérieur Afrique sur le développement financier, le 17 octobre 2019. La consultation (Deep Dive) avait pour objectif d’explorer les domaines possibles de coopération entre les deux institutions au niveau du Cameroun. 

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa production

12-Nov-2019 - Agreement is a turning point for scaling up the cocoa value chain – President Nana Addo Dankwa Akufo-Addo of Ghana Ghana is bankable, cocoa is bankable and of course Africa is bankable - Dr. Akinwumi A. Adesina, President, African Development Bank The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) signed a $600 million syndicated receivables-backed term loan on Tuesday, to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer.

Africa Investment Forum: Family businesses - an underestimated economic driving force

12-Nov-2019 - Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views on how Africa’s unexplored wealth can benefit all who live here.

Speaking up: Diplomats, policy makers and the African Development Bank share lessons on creating harassment-free workplaces

12-Nov-2019 - A conversation “shift” is occurring in workplaces resulting in more people, especially women, speaking up and reporting sexual harassment, attendees of a special panel session on the topic organized by the African Development Bank, heard. The panel discussion entitled: Ensuring the Right of Everyone to a Harassment free Work Place: Lessons from the Front Lines, was held November 6 2019, as part of the Bank’s SVP’s Knowledge Series at the Babacar Ndiaye auditorium of the Bank’s headquarters. The event was also followed live by staff in regional...

2019 Africa Investment Forum: historic signing of high-speed railway construction concession agreement for Ghana, with the support of the African Development Bank

12-Nov-2019 - The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of the second Africa Investment Forum, running from Monday to Wednesday in Johannesburg. “It’s a great day for Ghana!” said Ghanaian President Nana Akufo-Addo. “I was here last year and I’m back this year to make sure the project moves forward. This proves how important the Africa Investment Forum is. The signing of this agreement is on track to...

Africa Investment Forum 2019: Reinventing ways of acting and thinking for more efficient projects

12-Nov-2019 - Greater donor mobilization is needed to support the project preparation process that is so strategic for investment on the continent." These are the words of Patricia de Lille, South Africa’s Minister of Public Works and Infrastructure. She was part of the "Building early stage pipeline" panel discussion held at the Africa Investment Forum 2019 in Johannesburg, the economic capital of South Africa.