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AfDB wants greater focus on implementation, as African Green Revolution Forum begins in Abidjan

29-Aug-2017 - Ahead of the 2017 African Green Revolution Forum (AGRF), the President of the African Development Bank (AfDB), Akinwumi Adesina, wants greater attention paid to the implementation of concrete plans for achieving the green revolution in Africa.

2017 World Water Week: AfDB joins global community to address water challenges

29-Aug-2017 - As a leading financing partner on water and sanitation services in Africa, the African Development Bank (AfDB), and two of its flagship water initiatives: the African Water Facility (AWF) and the Rural Water Supply and Sanitation Initiative (RWSSI), are participating in the 2017 World Water Week in Stockholm, S

Senior Leadership appointments announced at the African Development Bank

27-Aug-2017 - Dr. Victor B. Oladokun, Director, Communication and External Relations The African Development Bank Group is pleased to announce the appointment of Dr. Victor B. Oladokun as the Director for Communication and External Relations with effect from 1st September 2017.

2017 World Water Week: “Water and waste: reduce and reuse” Focus on Africa

26-Aug-2017 - Organized by the Stockholm International Water Institute (SIWI), the annual World Water Week (WWW) is the largest global event for the water sector and development-related challenges.

Placing women at the center of African legal capacity-building

24-Aug-2017 - The African Legal Support Facility (ALSF) staff recently attended the first Women Advancing Africa Forum (WAA),a new flagship conference on  women’s contributions to Africa’s development, its founders and organizers at the Graca Machel Trust reported. 

SEFA grants US $1 million to Burkina Faso to promote green mini-grids

24-Aug-2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $983,000 grant to support the government of the Republic of Burkina Faso to create an enabling framework for increased private sector investment in renewable energy mini-grids.

Integrity in Development Projects: African Development Bank Debars Chongqing International Construction Corporation for Fraud

22-Aug-2017 - The African Development Bank Group (AfDB) on August 22nd, 2017, announced the debarment of Chongqing International Construction Corporation (CICO) for a minimum period of twelve months.

World Fashion Day: AfDB moving the continent up the textile and clothing value chain with Fashionomics Africa

21-Aug-2017 - Some stakeholders in the textile and clothing industry have described Fashionomics Africa as a veritable platform to tap Africa’s huge potential for fashion. They spoke ahead of World Fashion Day, a day marked yearly on August 21 to celebrate and commemorate the glory, spirit and art of fashion throughout the world, and to highlight national, regional and international achievements in the fashion world over the past year.

AfDB President makes clarion call for action on challenges hampering growth at 37th SADC Heads of State Summit

19-Aug-2017 - The African Development Bank has given its support to Southern African leaders in their efforts to accelerate development and growth in the region.

AfDB signs Host Country Agreement with South Africa establishing Southern Africa Regional Development and Business Delivery Office

18-Aug-2017 - African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution operations serving South, North, East, West and Central Africa.

AfDB President Akinwumi Adesina to attend 37th SADC Summit in South Africa

18-Aug-2017 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, will participate in the 37th Summit of Heads of State and Government of the Southern Africa Development Community (SADC) in Pretoria, South Africa, from August 19-20, 2017. The Summit’s theme this year is ‘Partnering with the Private Sector in Developing Industry and Regional Value Chains.’

ALSF weighs in on Uganda’s oil refinery project

18-Aug-2017 - In late July, Uganda chose a consortium, including General Electric Co., to build and operate a crude oil refinery, which will eventually process oil from fields being developed by Total SA and Tullow Oil Plc.  

With ALSF support, Rwanda lays foundation stone of Bugesera International Airport

17-Aug-2017 - On the 9th of August, Rwanda’s President Paul Kagame laid the foundation stone of the country’s newest transportation hub, the Bugesera International Airport. “I am pleased to join you today to break ground for this important national project. We are as determined as you are to see this airport completed and operational,” the newly re-elected president said shortly after laying a foundation stone.

Africa50 Appoints Rupali Gupta as Head of Investor Relations

15-Aug-2017 - Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Rupali Gupta as Head of Investor Relations.

President's statement on Burkina Faso attacks

15-Aug-2017 - "The terrorist attacks in Burkina Faso are deplorable, shameful and cruel. We stand in support of the Government and the brave people of Burkina Faso as they deal with this horrific event. My heart and prayers go to the families who lost loved ones and those wounded in the attacks". – AfDB President, Akinwumi A. Adesina

Zambia approves Learning Assessments Systems Evaluation Framework developed by ADEA and NALA

11-Aug-2017 - Experts from Zambia reviewed and approved the Learning Assessment Systems Evaluation Framework (LASEF) at a meeting convened by the Association for the Development of Education in Africa (ADEA) on 10 and 11 July in Lusaka, Zambia.

SEFA to support first utility-scale solar PV Project in Lesotho

11-Aug-2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$ 695,500 grant to NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd., to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar PV tender, foreseen to become the first utility-scale solar PV project in Lesotho.

Un fonds de la BAD octroie 1 million de dollars pour l’électrification rurale au Togo

11-Aug-2017 - Le Fonds des énergies durables pour l’Afrique ( SEFA, en anglais), hébergé par la Banque Africaine de Développement, vient d’approuver un don de 975 000 dollars EU en faveur de la République du Togo afin de lui permettre de démarrer le projet « CIZO » consacré à l’électrification rurale hors-réseau par kits solaires domestiques en mode PAYGO.

Transport projects financed by the AfDB between 1967 and 2017 have benefited 450 million Africans

11-Aug-2017 - Over its 50-year history, the African Development Bank (AfDB) has financed over 450 transport projects, changing the lives of close to 450 million people across Africa. Roads, port, airport, and railway projects are all included on a map published as part of the fiftieth anniversary of the first project financed by the Bank, a road project in Kenya, in 1967.

Fitch affirms African Development Bank’s Triple 'A' rating with Stable Outlook

09-Aug-2017 - Leading global rating agency Fitch Ratings has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and its Short-Term IDR at 'F1+' (best quality grade, indicating exceptionally strong capacity to meet its financial commitments). In a statement released on 4 August, the agency said the 'AAA' rating primarily reflects extraordinary support from AfDB’s shareholders which provides a three-notch uplift over the Bank’s intrinsic rating.