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African Development Bank and Nigerian Government launch multimillion−dollar initiative to support recovery efforts in northeast

06-Dec-2018 - In collaboration with Nigeria’s Presidential Committee on the North East Initiative, the African Development Bank is launching the Bank-financed Inclusive Basic Delivery and Livelihood Empowerment Program for North East Nigeria. This important initiative aims at supporting recovery efforts in the region by addressing and investing in critical areas of infrastructure.

Nigeria: Vice President Osinbajo launches African Development Bank-funded US$258 million landmark northeast recovery Programme

06-Dec-2018 - The African Development Bank and the Federal Government of Nigeria have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme ­ ̶ a US$258 million comprehensive multisectoral intervention aimed at bolstering  rehabilitation efforts in north-eastern Nigeria. Nigeria’s Vice President Yemi Osinbajo launched the program at the African Development Bank premises in Abuja on Thursday. The launch was attended by Governors of five northeast states, ministers, development partners and key stakeholders.

A new climate action: Digital Decarbonization of the African continent

06-Dec-2018 - The African continent is one of the regions most impacted by the effects of climate change, and least capable to deal with them. The Global South in general, and Africa in particular, require capacity building and technology transfers to ensure their resilience to climate change, and this need has been clearly outlined in the Paris Agreement and the ongoing climate discussions.

AEC2018: Calls for quality research to boost African economies and integration

05-Dec-2018 - Jean-Guy Afrika, a Principal Trade Expert at the African Development Bank, has tasked researchers on the continent to provide quality evidence-based studies that can help policymakers and citizens to achieve the best outcomes from regional integration and the African Continental Free Trade Area (AfCFTA). He made the appeal during the 2018 African Economic Conference, which closed Wednesday in Kigali, Rwanda.

AEC2018: African Governance Report calls for better management of natural resources

05-Dec-2018 - The African Governance Report 2018 has called for better management of the continent’s natural resources to match the expected yields generated by the African Continental Free Trade Area (AfCFTA). The report, entitled ‘Natural Resource Governance and Domestic Revenue Mobilization for Structural Transformation’ was launched at a special plenary session held on Tuesday 4 December during the African Economic Conference, in Kigali, Rwanda.

Ghana : La « féminisation de la pauvreté » contredite par l’impact du Tarif extérieur commun

05-Dec-2018 - Emmanuel Orkoh, économiste chercheur, présentait mardi 4 décembre à Kigali, au Rwanda, un exposé sur Les effets du bien-être sur le genre découlant de l’intégration du commerce régional sur les ménages au Ghana, dans le cadre de la 13e Conférence économique africaine (AEC) 2018.

COP24: "If climate change gets any worse, we're simply going to disappear!", 12-year old Mounir Mbogo warns

05-Dec-2018 - At just 12 years of age, Mounir Mbogo wades into the climate discourse and has sounded the alarm on climate impacts to humanity’s survival. On Tuesday 4 December 2018, Mounir from the Chadian capital N'Djamena made an impassioned plea for renewable energy, especially solar, in  the African Development Bank Pavilion at COP24, Katowice, Poland. Mounir, who had come for a session on the Desert to Power initiative of the African Development Bank, received a rapturous applause.

Unlocking the transformative potential of small-scale renewables energy in Africa

05-Dec-2018 - Africa has access to a unique wealth of primary renewable energy supplies. It has enough solar, wind and hydro resources to power up the whole continent and to increase the economic development of all its countries. Unfortunately, those valuable resources have not been used well over the last decade.

COP24: Africa Day calls for increased partnership to accelerate Africa’s low-carbon, climate-resilient development pathway

05-Dec-2018 - The opening day of COP24 Leader’s Summit was marked by the celebration of Africa Day which focused on how the implementation of Africa’s Nationally Determined Contributions for a healthy environment can accelerate development on the continent.

COP24 panel on need to prioritise energy efficiency in Africa

05-Dec-2018 - On Tuesday, the second day of the UN climate change conference (COP24) the African Development Bank held a session on energy efficiency in Africa in its Pavilion, where panellists reflected on the lessons of the many energy-efficiency initiatives that have emerged in Africa.

Africa Investment Forum 2018: Investing in youth, a must for Africa’s future

05-Dec-2018 - An Ivorian youth was among a select group who took centre stage on the final day of the Africa Investment Forum - to demonstrate their business acumen and to secure investment in their businesses.

New Africa’s Sustainable Development report urges improved planning to leverage potential of urbanization and address attendant environmental challenges

05-Dec-2018 - The latest report on Africa’s sustainable development urges governments to strengthen their urban planning capacities to manage the potential of the region’s ever-expanding cities and address environmental challenges including climate change, droughts and floods.

African Development Bank, Big Win Philanthropy, Dangote Foundation launch ambitious plan to improve child nutrition, fight stunting

04-Dec-2018 - Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by 40% in African children aged under 5 by 2025. Africa loses $25 billion per year in costs attributed to child morbidity and mortality, impaired cognitive, physical, and economic development caused by malnutrition. Yet these losses are almost entirely preventable.

AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions

04-Dec-2018 - A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Continental Customs Union and the...

African Development Bank to unveil new Multi-Sectoral Nutrition Action Plan

04-Dec-2018 - The African Development Bank is organizing regional dissemination events to share its newly adopted Multi-Sectoral Nutrition Action Plan (2018-2025) and secure stakeholders buy-in for effective implementation. The first in the series of the dissemination events takes place on Tuesday, 4 December 2018 from 8.30-13.00, and will provide a platform to chart the way forward for improving multi-sectoral nutrition policy and programming.

2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration

03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme: 

African Development Bank joins ‘Moving For Climate NOW’ initiative at COP24

03-Dec-2018 - The UN Climate Change Conference COP24 has commenced in earnest in Katowice, Poland. A team of motivated volunteers arrived at the conference venue on e-bikes, having cycled more than 600 kilometers from Vienna, Austria to Katowice in Poland.

Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance

03-Dec-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019.

African Economic Conference 2018 focusses on Africa Visa Openness and integration

03-Dec-2018 - For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations of being refused entry to a country because of visas, the end result is to curtail the free movement of people, viewed by the African Development Bank as one of the pillars of regional integration.

Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa

03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export.