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Nigeria: African Development Bank approves $124.2 million loan for water sector reforms in Akure to improve access to safe drinking water and sanitation13-Dec-2019 - The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project cost is $222.69 million and will span five years from 2020-2025.
13-Dec-2019 - Africa’s small island states are bearing the brunt of climate change, even though technology exists to prevent the worst impacts of extreme weather. Climate expert John Harding said fewer lives were being lost as a result of natural disasters, because of advanced early warning systems. However, many cash-strapped African countries are not benefiting from new technologies to develop early warning systems.
Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support13-Dec-2019 - Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development Fund loans and represents 78.5% of the total €399.7 million project cost. The European Union contributed a grant of €30 million, 7.7% of the total project cost, to the government...
African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects12-Dec-2019 - The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent.
COP 25: ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals12-Dec-2019 - There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa.
12-Dec-2019 - By LEOPOLD OBI, Climate Tracker Stakeholders at COP25 climate talks, citing Kenya’s example, called on developing countries to boost women’s involvement in the fight against climate change. Without gender equality, evidence suggests, African countries are unlikely to achieve the UN Sustainable Development Goals (SDGs) or transformative economic growth.
12-Dec-2019 - WHAT: Dissemination workshop for the Policy on Non-sovereign Operations of the African Development Bank WHO: The Strategy and Operational Policies Department (SNSP) The Non-Sovereign Operations and Private Sector Support Department (PINS) WHEN: Monday 13 January 2020 from 09:00 to 17:00 WHERE:
African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan12-Dec-2019 - The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference.
ADF-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries11-Dec-2019 - Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.
11-Dec-2019 - Gnilane Faye stands proudly by her chicken coop with her son, Serigne Saliou Ba, beside her. Faye, a Senegalese farmer and a beneficiary of the Pasa Loumakaf food security project supported by the African Development Bank, shows off her accounting book and explains how her business started.
11-Dec-2019 - African parliamentarians should speak as one to make their voice heard in climate negotiations, Arona Soumaré, the African Development Bank's principal expert in climate change and green growth, said on Thursday during the 25th session of the Conference of the Parties on climate change (COP 25).
Development institutions present digital guide to help African countries fast-track SDGs, Paris Agreement and AU’s Agenda 2063 implementation11-Dec-2019 - Three leading development partners have presented a digital application at the COP 25 climate conference in Madrid to help African countries grappling with the simultaneous implementation of key global initiatives. The United Nations Development Programme (UNDP), African Development Bank Group, and the African Union Development Agency-NEPAD (AUDA-NEPAD) on Tuesday unveiled the Guide for Integrated Planning in Africa.
Senegal: African Development Bank lends €62.8 million to help create 150,000 jobs for women and young people11-Dec-2019 - The Board of Directors of the African Development Bank approved a €62.83 million loan to the Government of Senegal for implementation of the first phase of a project aimed at providing jobs for 150,000 women and youth. Funding for the Project to Support and Enhance Women's and Young People's Entrepreneurial Initiatives (PAVIE I), is composed of a €14 million loan from the African Development Fund and a €48.83 million loan from the African Development Bank.
Maroc : la Banque africaine de développement approuve près de 245 millions d’euros pour développer les réseaux de transport d’électricité et d’électrification rurale11-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jour, un financement d’environ 245 millions d’euros en faveur de l’Office national de l’électricité et de l’eau potable (ONEE) en vue de réaliser son programme de développement des réseaux de transport d’électricité et d’électrification rurale.
African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market10-Dec-2019 - The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network.
09-Dec-2019 - What: Africa Day at COP 25 takes stock of climate talks When: 10 December 2019 Where: Room 3, Hall 4 at IFEMA Conference Centre, Madrid Time: 18:30 to 20:00 Who: Jointly organized by the African Union Commission, African Development Bank, and the United Nations Economic Commission for Africa
African Development Bank’s Fashionomics Africa launches “game changing” digital marketplace for the continent’s fashion creators09-Dec-2019 - The African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments and private sector leaders in Kigali, Rwanda.
06-Dec-2019 - While the UN climate talks are celebrating their 25th year, carbon emissions around the world have continued to climb. For many, that is where natural solutions could play a key role in managing a dramatic climate transition. Nature-based solutions or the process of working with and around natural ecosystems to deliver real-world benefits for climate resilience and sustainable development, took center stage on day 4 of COP25 in Madrid).
06-Dec-2019 - African governments, working with civil society and the private sector, should formulate deliberate policies to boost employability, particularly of the continent’s youth, according to regional surveys presented at this year’s African Economic Conference (AEC) in Sharm El Sheikh, Egypt. Researchers Abou Kane from Senegal, Joachim Tindo from Cameroon and Togo’s Mawussi Djahini-Afawoubo administered the survey to analyze the labor market in their respective countries.