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Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road
26-Apr-2019 - The African Development Bank Group, on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also providing Nigeria a loan of US$80 million, while the Ebonyi State Government will provide US$17.60 million, for a total project cost of US$167.60 million.
African Development Bank, partners meet over Securities Exchanges linkage project
26-Apr-2019 - The African Development Bank, working with the African Securities Exchanges Association (ASEA), hosted the first capital market stakeholders roundtable on the African Exchanges Linkage Project (AELP) at the Bank’s headquarters in Abidjan, Côte d’Ivoire on 24 April, 2019.
La Banque Africaine de développement soutient l’intégration du secteur financier en Afrique du Nord
26-Apr-2019 - La Banque africaine de développement, en collaboration avec « Making Finance Work for Africa » (MFW4A), a apporté son soutien à la stratégie de développement du secteur financier en Afrique du Nord, à l’occasion d’un dialogue organisé cette semaine à Tunis. Cette étape tunisienne, tenue mercredi et jeudi, a clos une série de quatre évènements régionaux en Afrique.
CIF@10 - Celebrating 10 Years of Climate Action
26-Apr-2019 - The year 2018 marked the 10th anniversary of the Climate Investment Funds (CIF), one of the largest funds in the world for climate-smart investments, across more than 300 projects in 72 middle-income and developing countries.The African Development Bank to host the annual meeting of the Independent Accountability Mechanisms Network of international financial institutions
26-Apr-2019 - The Independent Review Mechanism (IRM) of the African Development Bank Group will host the 16th annual meeting of the Independent Accountability Mechanisms Network (IAMnet) of international financial institutions (IFIs) from 24 to 28 June 2019, in Abidjan.Conference on Land Policy in Africa
26-Apr-2019 - The African Development Bank will host the biennial Conference on Land Policy in Africa from the 25th to 29th November 2019 in Abidjan, Côte d’Ivoire. This year’s conference theme is “Winning the fight against corruption in the land sector: sustainable pathway for Africa’s transformation.” The conference is a tripartite initiative by the African Union Commission, the African Development Bank and the United Nations Economic Commission for Africa. The Bank is represented in the event organisation by its African Natural Resources Centre (ANRC).
Tamayoz organises leadership training for future public and private sector leaders in Libya
26-Apr-2019 - One hundred and sixty corporate, commercial and industry achievers from Libya are receiving specialized leadership and management training in the public and private sector and civil society, organized by Tamayoz, an initiative designed to strengthen leadership capacity at management decision-making levels. The 10 day leadership course is taking place from 20-30th January 2019 in Istanbul, Turkey.Botswana: African Development extends US$80m line of credit to help industrialization and regional integration
25-Apr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs, including 1200 to 1300 for...Country Results Brief 2007-2018 - The African Development Bank: a decade of key partnership with Guinea
25-Apr-2019 - The African Development Bank on Wednesday released its most recent Country Report Brief for Guinea. The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.South Sudan: African Development Bank, ATI support leads to US$ 27.62 million in commercial risk insurance cover
25-Apr-2019 - South Sudan has this month realised a record $27.62 million in commercial risk insurance cover through the efforts of the South Sudan government, the African Development Bank and the Africa Trade Insurance Agency (ATI). ATI has, to date, provided gross risk cover to facilitate investments in the electricity, gas, water supply and financial and insurance sectors.L'accès rapide aux engrais à un coût abordable, clé d'un développement agricole durable en Afrique
25-Apr-2019 - La réalisation des objectifs de développement et de croissance agricoles durables en Afrique passera par l’augmentation du nombre d’agriculteurs ayant un accès rapide aux engrais à des prix abordables. C'est la conclusion des opérateurs et experts agricoles présents au 7ème Conseil d'administration du Mécanisme africain de financement du développement des engrais (MAFDE), qui s’est tenu le 27 février dernier à Marrakech, au Maroc, en marge du 10ème Argus Africa Fertilizer, le plus grand événement annuel du commerce des engrais en Afrique.
Nigeria: President Buhari commends African Development Bank’s transformative role
25-Apr-2019 - At a meeting with the African Development Bank President in Abuja, Nigeria’s President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution.
African Development Bank signs $50 million agreement with Natixis to boost trade finance in Africa
25-Apr-2019 - The African Development Bank on Wednesday April 24, 2019 signed a US$50 million risk participation agreement (APR) with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years.
Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change
24-Apr-2019 - Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank, which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice President for Corporate Services and Human Resources, led a delegation to Lilongwe this week, to discuss the institution’s intervention plans with public and civil society officials in Malawi.African Development Bank, partners support smallholder farmers with 17 new project grants
24-Apr-2019 - The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced Us$ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector as part of its transformative support for food security, income enhancement, job creation, and improving the livelihoods of smallholder farmers in Africa.
Togo: African Development Bank helps to create 35,000 jobs in agricultural SMEs
23-Apr-2019 - Since 2016, the African Development Bank has committed $1.7 million to the Project to Support the Employability and Integration of Young People in Growth Sectors (PAEIJ-SP) in Togo, which has helped create 35,000 jobs in agricultural SMEs. When Agrokom and Agricultural Growth Junction of Togo (JCAT) launched in the Togolese capital of Lomé in 2011, they each had around a dozen employees, very few of whom were young people. Agrokom processes oilseeds (soya and palm nut) to make livestock meal and edible oils. JCAT produces and markets organic...