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Zimbabwe: African Development Bank supports post cyclone recovery efforts with $24.7 million
27-Aug-2019 - The African Development Bank Group on 21 August 2019 signed a deal to support Zimbabwe’s post-cyclone Idai recovery plans with $24.7 million as part of its lead role to help restore livelihood and infrastructure in areas most hit by the disaster this year. Cyclone Idai hit the southern African nation in March, causing loss of lives, devastation, displacement and extensive damage to infrastructure in some eight districts. The Bank Group initially responded to the calamity with $250,000 to support the humanitarian aid response.
African Development Bank President Adesina leads delegation to 7th Tokyo International Conference on African Development, TICAD
26-Aug-2019 - Abidjan, Côte d’Ivoire, 26 August 2019 – A high-level African Development Bank delegation, led by President Akinwumi Adesina, is set to join global leaders at the 7th Tokyo International Conference on African Development, TICAD7 from August 28 to 30. TICAD7, hosted by Japan and co-organised by the United Nations Office of the Special Advisor on Africa (UN-OSSA), and the United Nations Development Programme (UNDP), aims at “promoting high-level policy dialogue between African leaders and development partners.”
G7 Summit: President Macron and G7 leaders provide Bank’s AFAWA initiative with $251 million.
25-Aug-2019 - Biarritz (France), 25 August 2019 – French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s AFAWA initiative to support women entrepreneurs in Africa.President Adesina at G7 summit in Biarritz: women’s entrepreneurship, climate and fragility at the heart of the agenda
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.
Gabon: The African Development Bank’s funding improves conditions for those living by the country's main trunk road
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”.
African Development Bank, Portugal and Guinea-Bissau sign compact to accelerate diversification, private sector development
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.
“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 - 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."
Changement climatique : vers un forum annuel pour encourager les investissements climatiques en Afrique
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.
Rwanda’s women in tech: Leading the digital revolution
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 organization reaches 500...
São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth
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.
African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion
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.
Walvis Bay to net more tourists, thanks to upgraded port
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.
Mali: In Baguinéda, women and small farmers see rice yields soar with help from the African Development Bank
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 families like Diallo’s are reaping...
Africa’s key development partners unite to tackle hunger as millions face food insecurity in times of climate change
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.
Nigeria: African Development Bank extolls Chinese commitment to Africa, explores potential partnerships with investors
08-Aug-2019 - Abuja, Nigeria - 8 August 2019: The African Development Bank in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) across Africa. The Bank delegation, led by Professor Banji Oyelaran-Oyeyinka, the senior special adviser on industrialisation to the African Development Bank’s President, paid a courtesy call to Nigeria’s Vice President, Professor Yemi Osinbajo, who assured the consortium of the tremendous investment opportunities...TICAD7: Building a Better World through Business - Challenges in Humanitarian Assistance in Africa and the Role of Private Sector
08-Aug-2019 - At the 7th Tokyo International Conference on African Development (TICAD 7), the International Committee of the Red Cross (ICRC) and Waseda University will co-host a seminar to discuss post-conflict humanitarian needs and challenges. Participants will also exchange views on the expected roles and responsibilities of the Japanese private sector and academic institutions.
International Workshop for the design of REDD+ Investment Projects in Africa
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
Happy 59th Independence Day Côte d'Ivoire
07-Aug-2019 -African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor
06-Aug-2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project.