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ADF-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

05-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.

African Legal Support Facility Management Board approves Work Plan and Budget for 2020

05-Dec-2019 - The African Legal Support Facility (ALSF) Management Board, the legal support arm of the African Development Bank, met in Abidjan, to review the institution’s activities, work plan and budget for 2020. “This is an opportunity for us to review and deliberate on ALSF interventions, which contribute meaningfully to development in Africa,” ALSF Board Chairperson, Gaston Kenfack, said in his opening remarks.

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

05-Dec-2019 - Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure – all to create decent jobs for the continent’s unemployed and under-employed youth.

The African Development Fund: over 45 years of support to strengthen the continent’s least developed and fragile nations

05-Dec-2019 - In 38 of the continent’s most vulnerable countries, the African Development Fund or ADF is enhancing livelihoods by promoting regional integration, fostering businesses and enhancing food security through its investments in power projects, roads and bridges.

Burkina Faso: African Development Bank approves €48,82 million for Desert to Power Yeleen programme to increase solar generation

04-Dec-2019 - The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now!

04-Dec-2019 - “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with only 0.41 percent growth in employment.

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

04-Dec-2019 - Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm El-Sheikh on Tuesday, the young business leaders said their role as engines of growth needed to be taken more seriously.

Conférence économique africaine 2019 : adapter la formation professionnelle aux besoins du marché pour accroitre les opportunités d’emplois des jeunes africains

04-Dec-2019 - Les experts et chercheurs présents à la Conférence économique africaine 2019, ont dressé un tableau des faiblesses du marché du travail en Afrique. Selon eux, ce marché est caractérisé principalement par l’inadéquation de la formation, un accès difficile et un environnement économique dominé par le secteur informel.  Au cours de cette session sur « Emploi des jeunes en Afrique, opportunités et défis », les jeunes chercheurs ont fait le point de la situation au Ghana, Togo, Bénin, Cameron et au Congo.

The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex

04-Dec-2019 - President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014.

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

04-Dec-2019 - The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank in partnership with the United Nations Development Programme and the United Nations Economic Commission for Africa.

Doughnuts from sweet potatoes: young African entrepreneur makes business a tasty success

03-Dec-2019 - When Regis Umugiraneza graduated from college in Rwanda he didn’t know what to do. Then he discovered that sweet potatoes, a popular harvest in his country, could be the answer. Umugiraneza, co-founder and chief executive officer of Carl Group, is one of the young African entrepreneurs selected as youth speakers at the 2019 African Economic Conference underway in the Egyptian city of Sharm El Sheikh.

Conférence économique africaine à Charm el Cheikh : « réformer l’offre de formation et le marché du travail pour offrir plus d’opportunités aux jeunes africains », indique un panel d’experts

03-Dec-2019 - Les participants de la première session plénière de la conférence économique africaine 2019, à Charm el-Cheikh, en Egypte ont indiqué deux défis principaux, à savoir, identifier les besoins du marché du travail et restructurer les économies africaines. Les participants à cette session ont discuté des entraves aux actions gouvernementales, qui réduisent les opportunités d’emplois aux jeunes africains. Il s’agit surtout, selon eux de créer des emplois décents pour les jeunes, en leur offrant des alternatives durables à la pauvreté tout en...

Sommet Mondial sur le genre 2019 à Kigali : avec « Entreprenarium », les femmes entrepreneures à l’école des bonnes pratiques d’investissement

03-Dec-2019 - Dans le cadre du Sommet mondial sur le genre 2019 organisé à Kigali, des sessions interactives de formation et de renforcement de capacités ont été animées par des experts, via le programme « Entreprenarium », à destination des entrepreneures du continent, intéressées par les meilleures pratiques d’investissement.

Bank Group President and colleagues bid farewell to outgoing Vice President Pierre Guislain

03-Dec-2019 - The African Development Bank, on Thursday, bid farewell to retiring Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain. Hosted by Bank President Akinwumi Adesina​, and attended by senior management and Board members, VP Guislain was honoured for his outstanding leadership, pragmatism and humility during his tenure at the Bank.

African Development Bank launches digital tool to help African youth learn to code

03-Dec-2019 - The African Development Bank and technology firm Microsoft today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future.

Conférence économique africaine 2019 - A Sharm el-Cheikh, l’emploi et le développement des capacités des jeunes africains, au cœur des débats

03-Dec-2019 - Plus de 350 parties prenantes convergent vers Charm el-Cheikh en Égypte, pour participer à la Conférence économique africaine (AEC) de 2019 qui porte cette année, sur les questions liées à l’emploi, à la compétence et au développement des capacités des jeunes africains.

Africa Climate Change Fund grants nearly $1 million to support access to climate finance in Benin and Lesotho

02-Dec-2019 - The Africa Climate Change Fund (ACCF) has approved a project proposal for a total of $997, 524 to support Benin and Lesotho to access international climate finance, an initiative underpinned by evidence that adaptation to climate change must start locally.

2019 African Economic Conference: A clarion call for bolder action to tackle Africa’s youth jobs crisis

02-Dec-2019 - The 2019 African Economic Conference (AEC) opened in the Egyptian resort city of Sharm El Sheikh on Monday with a call on African policymakers to take bold steps to tackle red-tape and high startup costs  in order to create decent and well-paying jobs for the continent’s youth. Addressing the opening plenary of the three-day conference, Egypt’s Minister of Investment and International Cooperation, Sahar Nasr said the conference provided a critical platform to address the challenges of jobs for the youth on the continent.

African Economic Conference 2019 – participants converge on Sharm El Sheikh to debate jobs, skills and capacity development for Africa’s youth

02-Dec-2019 - More than 350 stakeholders are converging on Sharm El Sheikh, Egypt, to participate in the 2019 African Economic Conference (AEC), with this year’s focus on jobs, skills and capacity development for Africa’s youth. The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives from Africa and around the globe – to hammer out policies and strategies for successful inclusive growth and job creation in the region.

Johannesburg Stock Exchange, allies, join hands with African Development Bank to spur cross-border investments in Africa

29-Nov-2019 - The Johannesburg Stock Exchange (JSE), working with seven African exchanges, the African Development Bank and the African Securities Exchanges Association (ASEA) hosted the African Exchange Linkage Project (AELP) Engagement Forum, designed to bolster investments into the continent.