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African Development Bank highlights the need for strategic partnerships and innovative financing mechanisms to promote quality education and skills development
02-Aug-2021 - The African Development Bank joined the Global Partnership for Education and other multilateral development banks during the Global Education Summit: Financing GPE 2021-2025, to call for stronger strategic partnerships to build innovative financing mechanisms in support of quality education and skills development. The summit was co-hosted by the President of Kenya, Uhuru Kenyatta, and U.K. Prime Minister, Boris Johnson.
African Development Bank affirms commitment to “closing the gap” in financing for women at United Nations Food Systems pre-summit
31-Jul-2021 - The African Development Bank has reiterated its commitment to “closing the financing gap” for women and warned of the impact of gender inequality on food systems in Africa. Speaking in Rome during the pre-summit to the 2021 United Nations Food Systems Summit, the Bank’s Vice President for Agriculture, Human and Social Development, Dr. Beth Dunford, stressed that closing the gender gap in economic opportunities on the continent was critical for its future.African Development Bank launches new Transaction Guarantee to support SMEs and trade in Africa
31-Jul-2021 - The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters of credit, trade loans, irrevocable reimbursement undertakings, avalized bills and promissory notes.African Development Bank supports development of satellite observations for African early warning systems
29-Jul-2021 - The recently released Hydromet Gap Report highlighted weaknesses in Africa’s weather and climate observation systems that contribute to a lack of climate data and inadequate early warning systems. The report calls for the establishment of ground and upper air stations for basic observation and satellite data coverage to strengthen forecast and early warning mechanisms for extreme weather events.
Hundreds gather for Third Japan-Africa Business Forum, prelude to TICAD 8
23-Jul-2021 - Around 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the highest number of participants since its launch.Tanzania: FAPA launches franchising project to bolster small enterprises
23-Jul-2021 - The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania. The project will promote and model franchising as part of a national enterprise development strategy to stimulate economic integration, job creation, skills transfer and wealth creation. FAPA, a multi-donor trust fund that finances technical assistance to advance the African Development Bank’s private sector development strategy, provided a $799,800 grant for the project.African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection
22-Jul-2021 - The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.Seychelles: African Development Bank approves $20 million loan to support Covid-19 recovery
22-Jul-2021 - The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term.
Fitch affirms Triple A-rating of the African Development Bank. Outlook stable
22-Jul-2021 - Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers. “Concentration risk is 'low', with the bank’s five largest exposures accounting for 32% of total banking portfolio at end-2020.”African Development Bank's extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries
21-Jul-2021 - The African Natural Resources Centre of the African Development Bank has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization and institutional capacity and economic resilience in transitional countries.Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue
19-Jul-2021 - The Board of Directors of the African Development Bank Group has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue.
Call for Papers—Deadline Extension: 2021 African Economic Conference
19-Jul-2021 - The 2021 African Economic Conference (AEC), jointly organized by the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the Economic Commission for Africa (ECA) will be held in Cabo Verde, as well as virtually, from 2 to 4 December 2021. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety of issues and challenges facing Africa. The theme of this year’s conference is: Financing Africa’s post Covid-19 Development. Three sub-themes are particularly...
Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
17-Jul-2021 - The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed.Mauritanie : la Banque africaine de développement accorde dix millions d’euros à la BCI pour renforcer le rôle des PME dans la relance économique
16-Jul-2021 - Le Conseil d'administration de la Banque africaine de développement a approuvé, vendredi à Abidjan, une ligne de crédit de dix millions d’euros à la Banque pour le Commerce et l’Industrie(BCI) de Mauritanie afin de renforcer ses activités de financement du commerce international en faveur des petites et moyennes entreprises dans des secteurs stratégiques.Efficacité énergétique et solutions innovantes : appel à candidatures pour les start-up
16-Jul-2021 - L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).