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AfDB Board approves Boost Africa Investment Program, a new integrated approach to enable young innovative entrepreneurs across Africa
23-Nov-2016 - The Board of Directors of the African Development Bank approved on Wednesday, November 16 a €50-million package of investments in various angel, venture, seed, accelerator and incubator funds with the aim of funding innovative start-ups and early stage small businesses across Africa.
Report calls for policies to empower rural youth, encourage private investment, increase access to land and finance to end poverty in West and Central Africa
23-Nov-2016 - Youth unemployment, insecure land tenure and weak value chains are the main obstacles in the way of ending poverty and inequality in West and Central Africa, says a new report released Wednesday in Abidjan by the International Fund for Agricultural Development (IFAD), in collaboration with the African Development Bank (AfDB).
The African Legal Support Facility receives 5 million euro from KfW
22-Nov-2016 - The African Legal Support Facility (ALSF) and the KfW Development Bank on Tuesday signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a € 5-million KfW grant to support ALSF activities.Launch of Boost Africa Initiative, a new integrated approach to boost young innovative entrepreneurs across Africa
21-Nov-2016 - Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched on Monday, November 21 in Abidjan by the European Investment Bank (EIB) and the African Development Bank (AfDB) in partnership with the European Commission. The launch ceremony took place at the Headquarters of the AfDB in Abidjan in the presence of EIB President Werner Hoyer, AfDB President Akinwumi Adesina, EIB Vice-President Ambroise Fayolle and Stefano Manservisi, Director-General for International Cooperation and...Stakeholders to deliberate on enhancing commercial legal practice in Africa
21-Nov-2016 - The African Legal Support Facility (ALSF) will host its inaugural stakeholder meeting from November 21-22, 2016 in Abidjan, Côte d’Ivoire. Thirty-five experts comprising of African legal professionals and eminent development practitioners will meet to reflect and deliberate on challenges facing the legal fraternity on the continent. The experts are expected to explore and share ideas about the ALSF’s strategic role within the framework of its mandate to achieve sustainable legal capacity.
European Investment Bank-AfDB Africa Day 2016
21-Nov-2016 - The African Development Bank (AfDB), in collaboration with European Investment Bank (EIB) is organising the second Africa Day. The event will take place on November 21, 2016 at the AfDB’s headquarters in Abidjan, Côte d’Ivoire. This year, participants will explore vital themes for Africa to fulfil its potential, by creating good jobs for young people across a range of sectors. They will also share perspectives on the crucial role to be played by innovation and sustainable development. This is where financing can have the greatest impact.AfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities
18-Nov-2016 - The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016.AfDB Board approves US $135 million for Zambia’s Small Towns Water and Sanitation Program
18-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) Group on Friday, November 18, 2016 approved a US $135-million loan to finance a water and sanitation program targeting small towns in Zambia. The Integrated Small Towns Water Supply and Sanitation Program aims to increase access to quality water supply and sanitation services in a sustainable manner in 12 towns located in four provinces of Zambia. Other objectives include ensuring efficient management and operation of the water supply and sewerage facilities on free market...
COP22: “Global finance mechanisms must pay for Africa’s rising climate bill,” Adesina tells Marrakech Conference
18-Nov-2016 - Urgent action needed to stop climate-induced displacement of public expenditures Global finance mechanisms to pay for insurance premiums AREI is fully operational; time for the G7 to fulfill Paris pledgesAfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities
18-Nov-2016 - The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016.Africa Day at COP22: African leaders demonstrate commitment and action to address climate change
18-Nov-2016 - African Heads of State and Government marked Africa Day in the Africa Pavilion at the UNFCCC 22nd Conference of Parties (COP22) on 16th November with focused and strategic discussion on the ratification and roll out of the implementation of the Paris Agreement and the key continental initiatives to support member states’ efforts.
AFRACA delegation holds talks with Bank Group President
17-Nov-2016 - A delegation from the African Rural and Agricultural Credit Association (AFRACA), led by its General Director, Millison Narh, recently visited the Bank Group and held talks with President Akinwumi Adesina, on possible cooperation with his institution.AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa
17-Nov-2016 - The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Bata Multinational Road and Bridge linking Cameroon to Equatorial Guinea.
Africa’s renewable energy revolution must engage public and private financing partners to break down economic, political and social risks, experts agree
17-Nov-2016 - At the UN’s global climate conference this week, governments and development partners came together to examine the role of financing in shaping some of Africa’s groundbreaking renewables successes such as Morocco’s Noor Concentrated Solar Power (CSP) plant.NEPAD Infrastructure Project Preparation Facility urges Canadian businesses to seize investment opportunities in Africa
17-Nov-2016 - Canadian businesses attending a Business Opportunities Seminar with International Finance Institutions (IFI) held in Toronto, Montreal, Calgary and Vancouver from October 18 to 21 have been urged to compete for AfDB-funded projects and tap into the immense business opportunities available in Africa.Remarks by Dr. Akinwumi Adesina, President of the African Development Bank, at the Summit of African Heads of State, COP 22, November 16, 2016, Marrakech, Morocco
17-Nov-2016 - Your Majesty the King of Morocco, Your Excellencies, Presidents and Heads of Government, ladies and gentlemen! I wish to thank you, your Majesty the King for inviting the African Development Bank to this Summit and for hosting the COP22 here in beautiful city of Marrakech. Today, your Excellencies, there is a matter we need your voice to solve: how to support climate finance for Africa to adapt to climate change.
Africa Day at COP22: Adesina calls for the fulfillment of the pledges made in Paris
16-Nov-2016 - African leaders on Wednesday called for speedy action for the implementation of the commitments made at the COP21 in Paris, and urged the fulfillment of the pledges fulfillment of the G7 to provide the financial resources to provide electricity to the millions of Africans.
African Natural Resources Center co-hosts workshop on combatting illegal fishing in West Africa
16-Nov-2016 - The African Development Bank’s African Natural Resources Center (ANRC) and the Fisheries Committee for the West Central Gulf of Guinea (FCWC) jointly organized a workshop on “Combatting illegal, unregulated and unreported (IUU) fishing in West Africa.”La Banque africaine de développement mobilise 137,82 millions d’euros pour le renforcement des réseaux électriques en Côte d’Ivoire
16-Nov-2016 - Le Conseil d’administration de la Banque africaine de développement a approuvé le 16 novembre 2016, à Abidjan, un financement de 137,82 millions d’euros destiné à appuyer le Projet de renforcement des réseaux de transport et de distribution d’électricité (PRETD) en Côte d’Ivoire.