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President Adesina shares the development agenda for Africa in Busan
07-Nov-2016 - The 5th Korea-Africa Economic Cooperation (KOAFEC) forum saw President Akinwumi Adesina of the African Development Bank (AfDB) call on Sung Je Cho, President of Busan Chamber of Commerce and Industry (BCCI), in Busan, South Korea’s second largest city. At the October 27, 2016 meeting, the two discussed the need to increase trade between Africa and Korea. They deliberated on common areas of collaboration, with President Adesina pointing out energy/power as a major challenge for Africa.AfDB to help Somalia restore critical infrastructure and build capable institutions
06-Nov-2016 - The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s Somalia Country Brief 2017-2020, under which the Bank will help restore the country’s critical infrastructure and build capable institutions.Launch of the Rwanda Sustainable Energy for All (SE4All) Action Agenda
04-Nov-2016 - The Honorable Minister of Infrastructure of Rwanda, James Musoni, officially launched on November 1, 2016, the SE4All Action Agenda, during the iPAD Rwanda Energy Infrastructure Forum that gathered international stakeholders, financiers, industry experts, and Government representatives. During his speech, the Minister highlighted the commitment of the Government to assure rapidly access to modern energy services for all and commended the development of the Action Agenda as a useful tool to advance towards the Sustainable Development Goal...
AfDB launches Fashionomics at Lagos Fashion and Design Week in Nigeria
03-Nov-2016 - The African Development Bank launched “Fashionomics”, a platform to develop the African fashion industry for jobs creation, at Lagos Fashion and Design Week, which opened Friday, October 28, 2016. The launch included the dissemination of the final report and findings on Fashionomics, a demonstration of the dedicated online sharing platform and a panel discussion featuring designers from Nigeria, Ethiopia and South Africa, alongside relevant Nigerian policy-makers.The African Development Bank to partner with Standard Chartered Bank and tackle financial crime
03-Nov-2016 - The AfDB and Standard Chartered Bank (SCB) will jointly organize a 1-day interactive workshop on November 3, 2016 at the CCIA, in Abidjan, Cote d’Ivoire.AfDB approves €900 million for Algeria’s Industrial and Energy Support programme
02-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) on Wednesday, November 2, 2016, approved a €900-million loan to Algeria to finance the country’s Industrial and Energy Competitiveness Support Programme (PACIE).180 millions d’euros de la BAD pour réduire les disparités sociales dans 16 gouvernorats tunisiens
02-Nov-2016 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé un prêt de 180 millions d’euros, destiné à la réduction des disparités régionales en Tunisie. Ce prêt, qui constitue la première phase d’un appui budgétaire programmatique, entre dans le cadre du Programme d’appui au développement régional inclusif (PADRI). Il permettra de stimuler le développement régional dans 16 gouvernorats prioritaires à travers la relance de l’investissement, l’inclusion sociale et la promotion de la gouvernance locale.Ouverture de l’atelier sur la promotion des investissements intra-africains et le renforcement des capacités des micro et PME africaines
02-Nov-2016 - Un atelier organisé par la Banque Africaine de Développement (BAD) avec le soutien du Fonds pour l’Assistance au Secteur Privé africain (FAPA) visant à faciliter l’accès aux marchés et investissements régionaux et internationaux et promouvoir le commerce et l’investissement intra-africains, s’est ouvert lundi 31 octobre 2016 à Abidjan en Côte d’Ivoire.
AfDB supports Nigeria’s Economic Governance Programme
02-Nov-2016 - Executive Directors of the African Development Bank (AfDB) on Wednesday, November 2, 2016 approved a US $600-million loan, being the first tranche of a US $1-billion budget support loan to help finance Nigeria’s Economic Governance, Diversification and Competitiveness Support Program (EGDCSP). The last tranche of US $400 million will be approved in 2017.Technology, innovation needed to drive agricultural revolution in Africa
31-Oct-2016 - The African Development Bank’s agenda for transforming Africa’s agriculture was lauded at the 5th KOAFEC Ministerial Conference held in Seoul, South Korea’s capital.Role of private sector in driving economic growth takes centre stage at 5th KOAFEC
31-Oct-2016 - The first Public-Private Partnership Forum at the 5th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference wound up in Seoul last week with calls on Korean businesses to invest more in Africa. During the meetings, the low level of trade between Korea and Africa came under the spotlight, highlighting opportunities for Korea’s private sector to venture into Africa.
The impact of foreign investment in African cities decrypted by UN-Habitat and AfDB experts during the Habitat III summit in Quito
31-Oct-2016 - During Habitat III, in Quito, Ecuador, the African Development Bank and UN-Habitat organized a networking event to present and discuss the preliminary findings of the first phase of research for the State of African Cities 2017 report.
L’autoroute à péage menant au nouvel aéroport international du Sénégal inaugurée par le chef de l’Etat
28-Oct-2016 - Le chef de l’Etat du Sénégal, Macky Sall, a inauguré l’autoroute à péage Diamniadio-AIBD-Sindia le Lundi 24 octobre 2016, en présence d’une forte délégation du Gouvernement du Sénégal, du corps diplomatique et des partenaires techniques et financiers du Sénégal. La Banque africaine de développement (BAD) était représentée à la cérémonie par Adalbert Nshimyumuremyi, Représentant résident par intérim au Sénégal.AfDB and OECD launch powerful tool to help African companies prevent bribery
28-Oct-2016 - New guidance from the African Development Bank and the Organisation for Economic Cooperation and Development will help African companies of all sizes set up measures to prevent bribery and improve the quality of corporate compliance and anti-bribery policies.AfDB, partners urge companies to actively tackle corruption
28-Oct-2016 - Côte d’Ivoire has joined the Partnership on Illicit Finance. The announcement was delivered by Fiacre Adopo, Adviser to the Minister of Budget, who represented the Ivorian Government during a workshop on tackling corruption, illegal trade and other forms of illicit financial flows (IFF), hosted by the African Development Bank (AfDB). The AfDB has reiterated during the two-day workshop in Abidjan the critical importance of cutting the channels of IFFs, a key to unlocking the continent’s development potential.
Mauritius reaches milestone in SEFA-supported pioneering low-carbon technology project
27-Oct-2016 - The Deep Ocean Water Applications (DOWA) project in Mauritius supported by the Sustainable Energy Fund for Africa (SEFA)marked a new milestone last week by welcoming the largest marine engineering platform of its kind – ‘Joseph Plateau’ – in Port Louis.
Workshop on Fighting Corruption and Tackling Illicit Financial Flows from Africa
27-Oct-2016 - Governance lies at the heart of addressing development challenges on the continent. While the story of the past decade has been one of steady progress throughout Africa, issues of governance, including lack of transparency and accountability remain pervasive concerns, undermining social, economic and political progress at many levels.Validation of the Zimbabwe Sustainable Energy for All (SE4All) Action Agenda
27-Oct-2016 - More than 120 stakeholders from Government, private sector, civil society, academia and development partners gathered in Harare on October 20, 2016 for the validation workshop of Zimbabwe’s Sustainable Energy for All (SE4All) Action Agenda.
Business plan competition seeks clean energy entrepreneurs in West Africa
26-Oct-2016 - During ECOWAS Sustainable Energy Week held in Accra, Ghana (October 17-19), the Private Financing Advisory Network (PFAN) launched its third annual West Africa Forum for Clean Energy Financing (WAFCEF-3) business competition. The competition is open to all businesses and entrepreneurs operating and registered in any of the ECOWAS countries as well as foreign individuals and entities with projects in those countries.