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Infrastructure governance takes centre stage as African governments, AfDB, ALSF and development partners gather in Cape Town
02-Nov-2017 - Representatives of African governments, the global private sector, and international institutions, including the African Legal Support Facility (ALSF) and African Development Bank (AfDB), are meeting in Cape Town this week to participate in the region’s First Roundtable on the Governance of Infrastructure, hosted by the Development Bank of Southern Africa (DBSA). The topic takes center stage as consensus develops globally that a major factor hindering infrastructure implementation is a lack of good governance.
Four African States apply for Fisheries Transparency Initiative membership
02-Nov-2017 - Guinea, Mauritania, Senegal and the Seychelles have informed the FiTI Secretariat of their desire to join the Fisheries Transparency Initiative (FiTI). On the model of the Extractive Industries Transparency Initiative (EITI), FiTI is a code of conduct involving States, civil society, development partners and operators in the fisheries sector that provides for the publication of all national legislation on and all contracts related to the fisheries sector.
AfDB partners with Purdue University to make technologies available to African farmers
02-Nov-2017 - The African Development Bank (AfDB) and Purdue University in the United States have agreed to work together to make technologies available to millions of farmers in Africa. One of the projects in the partnership is a two-day conference to scale up agricultural technologies in developing countries, to be held at the Purdue University in West Lafayette, Indiana, from September 25-27, 2018.
AfDB encourages transparent governance of fisheries through the FiTI
02-Nov-2017 - "Eating fish caught by a vessel that is opaque about its catch often amounts to eating fish from activities related to forced labour, that have been used to provide cover for human trafficking and the transportation of drugs."
Cameroon makes significant strides in social services and infrastructure, new AfDB report shows
02-Nov-2017 - As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education, and clean water, and launching an ambitious infrastructure investment programme to become a middle-income country by 2035, according to the AfDB’s Cameroon Country Brief released on 2 November 2017.African Development Bank strongly supports Nigerian Government’s economic recovery efforts
31-Oct-2017 - The African Development Bank wishes to categorically refute the statement that it has "called off loans to Nigeria", as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and salutes the Government's efforts towards diversification of the economy. The Bank also strongly supports the Economic and Growth Recovery Plan of the Government and efforts to stem corruption and strengthen...
Event Financing Private Sector Development- What works, what does not and why?
30-Oct-2017 - As part of their series on learning and knowledge sharing events in support of Private Sector Development, the AfDB’s Independent Development Evaluation (IDEV), and Norad’s Evaluation Department (NoradDev) are co-organizing a learning event titled: Financing Private Sector Development: What works, what does not and why? in Pretoria, South Africa from 30 to 31 October 2017 to share evaluative knowledge to enhance the relevance,
Africa50 Reaches Financial Close for Solar Plants in Egypt
27-Oct-2017 - Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic (PV) power plants in Egypt for which they had previously entered into a Joint Development Agreement (JDA). The project, which was developed under the second round of the Egyptian Feed-in Tariff Program, reached financial close on October 27.
African Development Fund paves way for Guinea-Sierra Leone border road reconstruction with €48 million loan and grant finance
27-Oct-2017 - The Boards of the African Development Bank Group have approved funding of €48 million from the African Development Fund (ADF) for the reconstruction of the border road from Guinea to Sierra Leone.
La BAD organise une session d’information à l’intention des chefs d’entreprises belges
26-Oct-2017 - Dans le cadre de la visite de travail effectuée mercredi 25 octobre par Son Altesse Royale la Princesse Astrid de Belgique au siège de la Banque africaine de développement (BAD), des chefs d'entreprises belges ont pris part à une session d'information sur le partenariat BAD/Côte d'Ivoire et sur les opportunités d'investissements en Côte d'Ivoire.AfDB Approves US$ 3 million Line of Credit to Union Trust Bank Sierra Leone
26-Oct-2017 - The Board of Directors of the African Development Bank (AfDB) has approved a line of credit (LOC) of US$ 3 million (synthetic local currency equivalent) to Union Trust Bank Sierra Leone (UTB) to help finance projects and enterprises in transformational sectors such as agriculture, energy, manufacturing and services, with strong emphasis on women-owned businesses. UTB is the only indigenous private bank in Sierra Leone and an important provider of finance for indigenous micro, small and medium- sized enterprises.
La Princesse Astrid de Belgique accueillie en grandes pompes au siège de la BAD à Abidjan
26-Oct-2017 - Un accueil chaleureux, solennel et haut en couleur a été réservé mercredi 25 octobre à Son Altesse Royale la Princesse Astrid de Belgique à l’occasion de sa visite de travail et de courtoisie au siège de la Banque africaine de Développement (BAD) à Abidjan en Côte d’Ivoire.Princess Astrid of Belgium visits AfDB headquarters in Abidjan Wednesday
25-Oct-2017 - Her Royal Highness, Princess Astrid of Belgium, accompanied by a high-level delegation of members of the country’s federal and regional governments and business leaders, will make a working visit to the African Development Bank (AfDB) on Wednesday, 25 October 2017. Belgium’s Executive Director at the AfDB, Dominique Lebastard, AfDB Secretary-General, Vincent Nmehielle, Vice President Private Sector and Infrastructures, Pierre Guislain and AfDB Senior Vice President, Charles Boamah, will receive the Princess and her delegation at the Bank’s...AfDB approves US$ 100 million Line of Credit to Kenya Commercial Bank
25-Oct-2017 - The Board of Directors of the African Development Bank (AfDB) today approved a US$ 100 million Line of Credit (LOC) to Kenya Commercial Bank Limited (KCB). The line of credit resources will provide much-needed liquidity support for the development of infrastructure and energy projects as well as support value-addition in manufacturing and providing the youth. The project is therefore an important contribution towards enhancing job creation as well as facilitating financial access to businesses.
Adesina receives American university’s highest honour, the ‘Order of the Griffin’
25-Oct-2017 - The 2017 World Food Prize Laureate and President of the African Development Bank (AfDB), Akinwumi Adesina, has received the Order of the Griffin award, one of Purdue University’s highest honors. The Order of the Griffin is given to individuals whose commitment and service to the university go well beyond the call of duty, and whose strength and vision have greatly benefitted the institution and the world.
Tunisie : la BAD octroie 38,6 millions € pour développer les chaines de valeur agricoles
25-Oct-2017 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a donné son accord pour l’octroi à la Tunisie de deux prêts totalisant 38,626 millions d’euros. Ces prêts, dont l’un est octroyé via l’Africa Growing Together Fund (AGTF), sont destinés à financer le Projet de valorisation des périmètres irrigués et le développement des chaines de valeur agricoles en Tunisie.
Multi-stakeholder preparatory workshop to the Great Green Wall
25-Oct-2017 - Context of the Partnership between the Bank and the PAGGW in the context of the Desert to Power Initiative.People, Planet, and Progress in the SDG Era: ALSF delivers “Enhancing Evaluation Use” Workshop at National Evaluation Capacities Conference
24-Oct-2017 - As international institutions mobilize to meet the ambitious milestones of the 2030 Agenda for Sustainable Development, the Independent Evaluation Office of the United Nations Development Programme (UNDP) and the UNDP Regional Bureau for Europe and CIS remind us of the need to conduct systematic reviews of development activities to ensure their efficacy.
Creating the next generation of hunger-fighters: Adesina caps World Food Prize week with speech to youth
23-Oct-2017 - One day after his historic pledge to use the World Food Prize money to finance African youth and entrepreneurship in agriculture, African Development Bank President Akinwumi Adesina spoke directly to the students of the World Food Prize’s Global Youth Institute at the headquarters of DowDuPont in Des Moines, Iowa. Also in the audience were several other previous World Food Prize Laureates; former President of Ghana, John Mahama; as well as Ambassador Kenneth Quinn, President of the World Food Prize Foundation.