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President Adesina at G7 summit in Biarritz: women’s entrepreneurship, climate and fragility at the heart of the agenda

23-Aug-2019 - 23-Aug-2019 - Biarritz, France, 23 August 2019 – The president of the African Development Bank, Akinwumi Adesina, will head a delegation to the G7 summit, to be held from 24 to 26 August in Biarritz, in south-western France. After attending a session on Sunday devoted to the partnership between the G7 and Africa, Adesina will present the Affirmative Finance Action for Women in Africa (AFAWA) initiative to the press, alongside French President Macron and in the presence of Beninese singer and UNICEF ambassador Angélique Kidjo. The pan-...

Gabon: The African Development Bank’s funding improves conditions for those living by the country's main trunk road

23-Aug-2019 - 23-Aug-2019 - Hermann Nzondo drives a taxi. He grimaces when he mentions the former National Highway 1: "Back then, the 119-km journey from Lambaréné to Mouila was not easy. You could only do it in a 4x4. But since they surfaced the road, a taxi can do the return journey in two hours instead of five”. Traffic conditions have improved hugely on this road since 2014, when it was refurbished thanks to an African Development Bank funding package of €260 million. The purpose was to modernise 250 km of...

African Development Bank, Portugal and Guinea-Bissau sign compact to accelerate diversification, private sector development

23-Aug-2019 - 23-Aug-2019 - The African Development Bank and the governments of Portugal and Guinea-Bissau have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place in Bissau on 27 July, between Geraldo Martins (Minister of Economy and Finance of Guinea-Bissauand AfDB Governor), Teresa Ribeiro (Secretary of State for Foreign Affairs and Cooperation of Portugal) and Serge N’Guessan (AfDB...

“African Development Bank $13 billion investment in Southern Africa is delivering strong results…Africa must not be under-ambitious!” Adesina tells SADC Summit.

19-Aug-2019 - 19-Aug-2019 - The African Development Bank’s $13 billion investment in Southern African region since 2012 is delivering strong results across countries, the Bank’s President, Akinwumi Adesina said, addressing over 1000 delegates at the opening ceremony of the 39th Southern Africa Development Community (SADC) Summit. The theme for this year's Summit is, "A Conducive Environment for Inclusive and Sustainable Industrial Development, Increased Intra-trade and Job Creation." Tanzanian President John Magufuli officially took over as Chair of...

Changement climatique : vers un forum annuel pour encourager les investissements climatiques en Afrique

19-Aug-2019 - 19-Aug-2019 - L’atelier international sur la préparation des projets d’investissement pour la Réduction des émissions dues à la déforestation et la dégradation des forêts (REDD+) en Afrique, s’est tenu du 13 au 15 août 2019 à Abidjan. Des experts en gestion durable des forêts venant de 18 pays africains se sont engagés à organiser annuellement un forum sur les investissements REDD+, en vue de mobiliser des fonds destinés à la lutte contre le changement climatique sur le continent. Une soixantaine d’experts africains de la REDD+,...

Rwanda’s women in tech: Leading the digital revolution

16-Aug-2019 - 16-Aug-2019 - When she was a little girl, Jeanne Yamfashije wanted to be a doctor. Her goal was to make her parents proud and serve her people. The 29-year-old IT specialist did not become a doctor but she has certainly fulfilled her other wishes. For the past five years, Yamfashije has been working with a project that promotes science, technology, engineering and maths (STEM) among girls in Rwanda. The group, called Girls in ICT Rwanda, offers mentorships, boot camps and a competition to encourage innovation among students. The...

São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth

16-Aug-2019 - 16-Aug-2019 - São Tomé, São Tomé and Príncipe, 16 August 2019 – São Tomé and Principe signed, on Thursday, a country-specific memorandum of understanding for the implementation of the Lusophone Compact aimed at accelerating inclusive, sustainable, and diversified private sector growth. São Tomé is the fifth nation to ink the agreement, after Mozambique, Cabo Verde, Angola, Guinea-Bissau.  The agreement was signed by Hon. Osvaldo Vaz,  São Toméan Minister of Planning, Finance and Blue Economy, African Development Bank ...

African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion

14-Aug-2019 - 14-Aug-2019 - The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF)  on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to  provide sustainable financing for small-scale renewables in Africa. FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions.  FEI On-grid, a targeted USD 400 million fund, supports improved...

Mali: In Baguinéda, women and small farmers see rice yields soar with help from the African Development Bank

13-Aug-2019 - 13-Aug-2019 - In Baguinéda, in eastern Mali's Koulikoro region, the lowlands on the banks of the river Niger stretch as far as the eye can see. Between two irrigated rice-growing areas, a group of women, together with their young children, are at work pulling weeds. Dramane Diallo, 54, works alongside them. Thanks to the the Koulikoro Region Food And Nutrition Security Enhancement Project of Mali (PReSAN-KL),funded by the African Development Bank, rice and cereal harvests in Mali’s  “rice bowl” have risen dramatically. And...

Walvis Bay to net more tourists, thanks to upgraded port

13-Aug-2019 - 13-Aug-2019 - Sushi and success: Walvis Bay to net more tourists, thanks to upgraded port With its sand dunes and abundant birdlife, Walvis Bay is already an important centre of tourism activity in Namibia. The bay is a safe haven for sea vessels because of its natural deep-water harbour, protected by a sandspit, being the only natural harbour along the country’s coast.  The municipality of 110,000 people on the Namibian coast, draws large numbers of southern right whales to its waters, in this town whose name means “Whale Bay”....

Africa’s key development partners unite to tackle hunger as millions face food insecurity in times of climate change

09-Aug-2019 - 09-Aug-2019 - Kigali, August 8, 2019 – Development partners in Africa have pledged to pool their resources to counter food insecurity on the continent. The commitment was formalized at the first Africa Food Security Leadership Dialogue (AFSLD) held in Kigali, Rwanda, August 5-6, in partnership with the African Union, leaders of the African Development Bank, the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development and the World Bank. The event focused on strengthening and...

International Workshop for the design of REDD+ Investment Projects in Africa

08-Aug-2019 - 08-Aug-2019 - WHAT: International workshop on Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects WHO: The African Development Bank, Ministry of Environment and Sustainable Development of Côte d’Ivoire, the Green Climate Fund (GCF), and the Japan International Cooperation Agency (JICA) WHEN:  Tuesday, 13 August 2019 - Friday, 16 August 2019 WHERE: African Development Bank, CCIA building, Abidjan   The Africa Climate Smart Agriculture Program (ACSA) of the African Development Bank, in...