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Malawi: African Development Bank US$ 35 million loan to boost agriculture and natural resource management

06-Dec-2018 - The African Development Bank has approved a US$ 35 million loan for the Shire Valley Transformation Program - Phase 1 (SVTP-1), aimed at reducing poverty through the development of agricultural value chain and climate adaptation mechanisms. The Shire Valley Transformation Project will provide access to gravity fed irrigation and drainage services to the Chikwawa and Nsanje Districts south of Malawi. It will also secure land tenure for smallholder farmers and strengthen management of wetlands and protected areas.

A new climate action: Digital Decarbonization of the African continent

06-Dec-2018 - The African continent is one of the regions most impacted by the effects of climate change, and least capable to deal with them. The Global South in general, and Africa in particular, require capacity building and technology transfers to ensure their resilience to climate change, and this need has been clearly outlined in the Paris Agreement and the ongoing climate discussions.

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

06-Dec-2018 - “Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank. Africa is currently  home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in previous years.

Ghana : La « féminisation de la pauvreté » contredite par l’impact du Tarif extérieur commun

05-Dec-2018 - Emmanuel Orkoh, économiste chercheur, présentait mardi 4 décembre à Kigali, au Rwanda, un exposé sur Les effets du bien-être sur le genre découlant de l’intégration du commerce régional sur les ménages au Ghana, dans le cadre de la 13e Conférence économique africaine (AEC) 2018.

Africa Investment Forum 2018: Investing in youth, a must for Africa’s future

05-Dec-2018 - An Ivorian youth was among a select group who took centre stage on the final day of the Africa Investment Forum - to demonstrate their business acumen and to secure investment in their businesses.

New Africa’s Sustainable Development report urges improved planning to leverage potential of urbanization and address attendant environmental challenges

05-Dec-2018 - The latest report on Africa’s sustainable development urges governments to strengthen their urban planning capacities to manage the potential of the region’s ever-expanding cities and address environmental challenges including climate change, droughts and floods.

Unlocking the transformative potential of small-scale renewables energy in Africa

05-Dec-2018 - Africa has access to a unique wealth of primary renewable energy supplies. It has enough solar, wind and hydro resources to power up the whole continent and to increase the economic development of all its countries. Unfortunately, those valuable resources have not been used well over the last decade.

AEC2018: Calls for quality research to boost African economies and integration

05-Dec-2018 - Jean-Guy Afrika, a Principal Trade Expert at the African Development Bank, has tasked researchers on the continent to provide quality evidence-based studies that can help policymakers and citizens to achieve the best outcomes from regional integration and the African Continental Free Trade Area (AfCFTA). He made the appeal during the 2018 African Economic Conference, which closed Wednesday in Kigali, Rwanda.

COP24: "If climate change gets any worse, we're simply going to disappear!", 12-year old Mounir Mbogo warns

05-Dec-2018 - At just 12 years of age, Mounir Mbogo wades into the climate discourse and has sounded the alarm on climate impacts to humanity’s survival. On Tuesday 4 December 2018, Mounir from the Chadian capital N'Djamena made an impassioned plea for renewable energy, especially solar, in  the African Development Bank Pavilion at COP24, Katowice, Poland. Mounir, who had come for a session on the Desert to Power initiative of the African Development Bank, received a rapturous applause.

COP24 panel on need to prioritise energy efficiency in Africa

05-Dec-2018 - On Tuesday, the second day of the UN climate change conference (COP24) the African Development Bank held a session on energy efficiency in Africa in its Pavilion, where panellists reflected on the lessons of the many energy-efficiency initiatives that have emerged in Africa.

AEC2018: African Governance Report calls for better management of natural resources

05-Dec-2018 - The African Governance Report 2018 has called for better management of the continent’s natural resources to match the expected yields generated by the African Continental Free Trade Area (AfCFTA). The report, entitled ‘Natural Resource Governance and Domestic Revenue Mobilization for Structural Transformation’ was launched at a special plenary session held on Tuesday 4 December during the African Economic Conference, in Kigali, Rwanda.

COP24: Africa Day calls for increased partnership to accelerate Africa’s low-carbon, climate-resilient development pathway

05-Dec-2018 - The opening day of COP24 Leader’s Summit was marked by the celebration of Africa Day which focused on how the implementation of Africa’s Nationally Determined Contributions for a healthy environment can accelerate development on the continent.

AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions

04-Dec-2018 - A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Continental Customs Union and the...

African Development Bank to unveil new Multi-Sectoral Nutrition Action Plan

04-Dec-2018 - The African Development Bank is organizing regional dissemination events to share its newly adopted Multi-Sectoral Nutrition Action Plan (2018-2025) and secure stakeholders buy-in for effective implementation. The first in the series of the dissemination events takes place on Tuesday, 4 December 2018 from 8.30-13.00, and will provide a platform to chart the way forward for improving multi-sectoral nutrition policy and programming.

African Development Bank, Big Win Philanthropy, Dangote Foundation launch ambitious plan to improve child nutrition, fight stunting

04-Dec-2018 - Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by 40% in African children aged under 5 by 2025. Africa loses $25 billion per year in costs attributed to child morbidity and mortality, impaired cognitive, physical, and economic development caused by malnutrition. Yet these losses are almost entirely preventable.

Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance

03-Dec-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019.

2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration

03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme: 

African Economic Conference 2018 focusses on Africa Visa Openness and integration

03-Dec-2018 - For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations of being refused entry to a country because of visas, the end result is to curtail the free movement of people, viewed by the African Development Bank as one of the pillars of regional integration.

Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa

03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export.

The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project

03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities.