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African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa pharmaceutical industry
25-Mar-2022 - The African Development Bank and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa.
OPINION: Out of Ukraine war, a plan for Africa's food security
25-Mar-2022 - * Any views expressed in this opinion piece are those of the author and not of Thomson Reuters Foundation. Original story : https://news.trust.org/item/20220325113512-8uzjv A foreign conflict has exposed Africa’s dependence on imports and is galvanising action to boost local food production and tackle climate threats
Ghana: Report warns that climate risks could cost Ghana’s transport sector $3.9 billion, but roadmap offers hope
25-Mar-2022 - A new report estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks.
South African Investment Conference highlights nation’s resilience
24-Mar-2022 - “We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022 African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition.
World Water Day and World Water Forum are Africa’s Moment to Showcase New Water Strategy
24-Mar-2022 - By Dr. Beth Dunford Water is essential for economic development, food production, energy, and industrialization. Water is a major tool for poverty alleviation and direct lines can be drawn to the pursuit of gender equality. Yet millions of Africans do not have access to this essential resource.African Development Bank Group invites stakeholder and public participation in the update of its Integrated Safeguards System
24-Mar-2022 - The African Development Bank Group invites stakeholders and the public to participate in the public consultation process for updating its Integrated Safeguards System (ISS). Individuals and organizations wishing to participate have a 45-day window to provide feedback on the draft updated ISS document, which seeks to update the current operating version of the ISS in address emerging environmental and social development challenges.
“A revolution is building,” African Development Bank Group President, Akinwumi A. Adesina tells women leaders’ conference
24-Mar-2022 - The conference also honored the 22 women who had served an African country as president or prime minister. African Development Bank Group President Dr. Akinwumi A. Adesina told women at a conference in Pretoria on Wednesday that they are part of a revolution that is building across Africa.
The Mano River Union: African Development Fund commits $88.2 million for road development and transport facilitation in Liberia and Sierra Leone
23-Mar-2022 - Map showing the Mano River Union region: Improving road infrastructure and promoting intra-community trade will help boost the post-conflict recovery in the Mano River Union area. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, on Wednesday approved $88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union.
La vice-présidente du Groupe de la Banque africaine de développement chargée de l’Agriculture et du Développement humain et social en visite au Maroc
23-Mar-2022 - Périmètres irrigués dans la localité de Louamra au Nord du Maroc, financés dans le cadre de l’appui de la Banque au Plan « Maroc Vert ». La vice-présidente du Groupe de la Banque africaine de développement en charge de l’Agriculture et du Développement humain et social, Beth Dunford se rendra au Maroc en visite de travail, du 24 au 29 mars.
Women spearhead entrepreneurship in Tunisia, the land of jasmine
23-Mar-2022 - In Gammarth, shielded from the hubbub of the surrounding Tunis, the Sadika glass-blowing center offers its visitors a moment of serenity. As they cross its inner courtyard, they take one last breath before being carried away towards a constellation of stars; here, the shop shines with a thousand lights. The Tunisian sun brings a sparkle to glasses, chandeliers and vases, and many other works of art.
Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic
22-Mar-2022 - A new guide for, and by, African women entrepreneurs provides first-hand tips on how to kick start and implement a digital transformation roadmap to build business resilience to Covid-19 and other shocks.
AIF boardroom sessions attract $32.8bn in investment interest
22-Mar-2022 - Unveiling the results of the Forum’s virtual boardroom sessions, African Development Bank Group President Dr Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: “In 72 hours, you all connected, you struck deals and you created success.” The three-day virtual boardroom meetings showcased 40 projects across several sectors. Adesina said Africa was clearly back for investments as the COVID-19 pandemic gradually receded.
Ukraine war threatens food crisis and political upheaval across Africa, warns top economist
22-Mar-2022 - A grain storage facility in Odesa. Ukraine produces almost 12 per cent of the wheat in the global export market CREDIT: Simon Townsley/The Telegraph The war in Ukraine threatens to lead to food riots, political upheaval and turn back the clock in years of progress in Africa, the continent’s top economist told The Telegraph.
African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
22-Mar-2022 - African Development Bank head Dr. Akinwumi A Adesina is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development Bank Group’s development agenda and South Africa’s potential for increased trade and investment with the rest of Africa.
The Africa Investment Forum: catalyzing financing for game-changing Abidjan-Lagos highway project
21-Mar-2022 - The construction of the 1,081-kilometer Abidjan-Lagos highway will have a significant impact on the economies of five West African countries - Côte d'Ivoire, Ghana, Togo, Benin and Nigeria. Valued at $15.6 billion and led by the Economic Commission of West African States, this transformative public-private partnership project was the largest investment opportunity showcased at the Africa Investment Forum virtual boardrooms held from 15 to 17 March 2022.
African Development Bank Group approves new Strategy for Addressing Fragility and Building Resilience in Africa 2022-2026
21-Mar-2022 - The Board of Directors of the African Development Bank Group has approved a new strategy for addressing fragility and building resilience in Africa for the period 2022-2026. The strategy offers a roadmap for building more resilient institutions, economies, and societies across the continent over the next five years.More investment needed to plug infrastructure gap, says Oversight Committee of the NEPAD-Infrastructure Project Preparation Facility Special Fund
21-Mar-2022 - The 34th Oversight Committee meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund has ended with renewed calls for increased investment to close Africa’s infrastructure gap.
Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest
18-Mar-2022 - The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: “In 72 hours, you all connected, you struck deals and you created success.”
Mozambique: African Development Bank Group approves $1.4 million grant for Enhancing Private Sector Engagement and Capacity Building for refugees and internally displaced persons
18-Mar-2022 - The Board of Directors of the African Development Bank Group on 11 February 2022 approved a $1.4 million grant for enhancing private sector engagement and capacity building for refugees and internally displaced persons in fragile areas of northern Mozambique. The project will be implemented by the global refugee agency UNHCR, collaborating with the Government of Mozambique. The grant is from the Transition Support Facility Pillar III.