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Regional Development Bank heads respond to CGD's Panel on Multilateral Development Banking
08-Oct-2016 - We, the Heads of the Regional Development Banks (RDBs), welcome the report of the Center for Global Development's High-Level Panel on Multilateral Development Banking. This is an important report at a critical moment, as we move into high gear to deliver on the ambition of the 2030 Agenda for Sustainable Development and the historic Paris agreement on climate.AfDB launches a Green Mini-Grid Help Desk to support project developers deliver energy access in rural areas
06-Oct-2016 - The AfDB-hosted Sustainable Energy for All (SE4All) Africa Hub launched a Green Mini-Grid Help Desk for renewable energy mini-grid project developers during the 3rd International Off-Grid Renewable Energy Conference (IOREC) on October 1st in Nairobi.
The renewable energy sector and youth employment in the Maghreb
05-Oct-2016 - “Despite transition contexts, negative impacts of the global economic and financial crises, and important socio-economic pressures, the Maghreb countries should maintain their ambitious objectives of increasing the share of renewable energy in the energy mix.
AfDB President Akinwumi Ayodeji Adesina receives African passport, symbol of continental integration
05-Oct-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Ayodeji Adesina received his copy of the African Passport in Abidjan on Wednesday, 5 October 2016, hailing the occasion as a clear signal of Africa’s move toward integration. “It is such a delight to be able to have an African Passport,” Adesina said, noting that it is a recognition of the critical role played by the AfDB and other African institutions that are linked to the African Union.AfDB approves US$ 22 million to finance Youth Agribusiness project in Malawi
05-Oct-2016 - The African Development Bank (AfDB) has approved a US$22.33 million concessional loan to the Republic of Malawi to finance the country’s Agricultural Infrastructure and Youth in Agribusiness Project. The project will develop two large scale irrigation schemes at Linga (Nkhata-Bay) and Dwambazi (Nkhotakota) in the central region of the country. It covers 1,945 hectares and targets 10,000 beneficiaries with special focus on the youth who constitute about 50% of the beneficiaries.African nations join front-runners in ratifying Paris Agreement on climate change
03-Oct-2016 - At the United Nations General Assembly in New York on September 21, 2016, nine African nations deposited their articles for ratification of the global Paris Agreement on climate change, cementing their commitment to a climate-smart development path, and helping the world draw closer to making the Agreement a global reality. Following the ceremony, Mali also filed its ratification papers on September 28, 2016.AfDB issues 0.125% EUR 750 Million Global Benchmark due 7 October 2026
03-Oct-2016 - On Friday, 30th September 2016, African Development Bank (AfDB), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), successfully launched and priced its inaugural €750mm 10-year EUR benchmark transaction due 7 October 2026. AfDB decided to launch its debut EUR transaction to fulfil its EUR denominated needs and the 10-year transaction will serve as an anchor point to build out a full EUR curve over time. Barclays, Goldman Sachs International and SG CIB were mandated as joint lead managers on the transaction.The Pan African Farmers’ organization delegation at the Bank to explore areas of collaboration
01-Oct-2016 - The Pan African Farmers’ Organisation (PAFO) delegation, led by its President, Theo de Jager, paid a courtesy visit to the Bank Group on 30 September 2016 in Abidjan, to explore areas of collaboration with the Bank. The delegation held a series of technical meetings with the Bank’s Agriculture and agroindustry Department (OSAN), the Civil Society Organisation Division (CSO). It also held talks with Bank Group President, Akinwumi Adesina and his cabinet members and reached key agreements including:Studies on West African corridors highlight improved performance and need for short term high impact projects to consolidate gains
30-Sep-2016 - Results from a performance analysis study, conducted on three West African corridors – involving consultation with actors such as countries, customs, corridor management organisations, transporters, etc., were unveiled at a regional coordination meeting convened, today, in Abidjan by the Economic Community of West African States (ECOWAS), the African Development Bank (AfDB) and the ATWA project.Towards enhancing the legal capacity of African government officials
30-Sep-2016 - “The challenges many African governments face in negotiations are made worse by the interdependent nature of government systems which requires targeted skills in specified sectors complemented by better coordination when it comes to negotiating transactions for governments. Also, some governments are in a difficult position because they are stuck with poorly negotiated contracts. How should governments deal with agreements that have no spill over effect of investment?“Nigeria is too big to fail" - Adesina Tells Private Sector
30-Sep-2016 - “The Nigerian Private sector has a critical role to play to help the country come out of the present recession,” African Development Bank President, Akinwumi Adesina, said in Abuja on Thursday, 28 September 2016. “Nigeria is too big to fail, and the private sector can help the government to the tackle the headwinds affecting the economy, which are by no means unique to Nigeria at this time” Adesina said during a brain storming session with Nigerian business executives.The Bank Group participates in the Africa Partnership Conference 2016
29-Sep-2016 - The Africa Partnership Conference 2016 was inaugurated on September 20, 2016 in Mauritius by the country’s Finance and Economic Development Minister, Pravind Kumar Jugnauth. The Board of Investment (BOI) of Mauritius hosted the conference in collaboration with the World Association of Investment Promotion Agencies (WAIPA), under the theme: “Creating Shared Value through Sustainable Investment”.The Bank Group approves agriculture and forestry sector risk participations
29-Sep-2016 - The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank Group (AfDB) on Wednesday, September 28, 2016 approved four agriculture and forestry sector risk participations amounting to US $62 million under its Private Sector Credit Enhancement Facility (PSF).
Accra Urban Transport Project to address the challenges of a rapidly growing city
29-Sep-2016 - On September 28, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a USD 83.9 million (UA 60 million) loan for the Accra Urban Transport Project to contribute to integrated transport and urban development solutions in the Greater Accra Region in Ghana. The loan will finance a modern 3-tier highway interchange at Pokuase and 10 kilometres of interconnected urban roads, facilitating the movement of people and the transportation of goods in a rapidly developing industrial zone. The infrastructure will be...
New online resource to contribute to advancement of gender equality in Africa
29-Sep-2016 - The African Development Bank has launched the Gender in Practice Community of Practice (GiP COP), an online resource that seeks to promote information and knowledge sharing on gender equality. The event took place on September 28, 2016 at the Bank’s headquarters in Abidjan, Côte d’Ivoire.
Abidjan-Lagos Corridor Coordination Meeting ends with calls for accelerated implementation and recognition of challenges ahead
28-Sep-2016 - A regional corridor meeting, held in Abidjan, on the Abidjan-Lagos Corridor concluded Monday with calls for renewed commitment, accelerated implementation while also recognising the challenges ahead to ensure improved efficiency on the corridor. The one-day meeting, convened by the African Development Bank (AfDB), brought together all parties involved in the Abidjan-Lagos Corridor, to encourage better donor coordination along the corridor, share views, discuss challenges, opportunities and the strategy going forward.
AfDB President Adesina concludes first official visit to Nigeria
28-Sep-2016 - Akinwumi Adesina, President of the African Development Bank Group, completed a three-day official visit to Nigeria on Wednesday, reaffirming the Bank's strong partnership with one of his biggest shareholders and clients, as the country struggles with the impact of an economic recession.
Nigerian Economic Society awards Fellowship to AfDB President
28-Sep-2016 - The President of the African Development Bank, Akinwumi Adesina, has urged Nigerian economists to provide their Government with knowledge tools to tackle and overcome the country’s recession. Adesina, who is on a three-day official visit to the country – the first since he took office as the first Nigerian President of the AfDB in September 2015 – made the call on Tuesday, September 27, 2016 in a vote of thanks following his induction into the Fellowship of the Nigerian Economic Society (NES)