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African Development Bank hosts talks with ICRC on making an impact through collaboration

27-Jan-2020 - The African Development Bank held talks with International Committee of the Red Cross (ICRC) Vice-President Gilles Carbonnier at the Bank’s headquarters in Abidjan on furthering their shared development goals. The main purpose of the meeting, held on 20 January, was to discuss collaboration between the institutions and share the progress made since the signing of a Bank-ICRC memorandum of understanding to explore partnership opportunities.

NSO Policy Interviews: KODEIJA DIALLO, directrice du Département d’appui aux opérations non-souveraines et au secteur privé de la Banque africaine de développement

24-Jan-2020 - La directrice du Département d’appui aux opérations non-souveraines et au secteur privé de la Banque africaine de développement fait le point sur la politique en direction du secteur privé et parle du secteur dit informel.   Comment la Banque pourrait-elle accompagner les organisations mal structurées ?

The 3rd Rural Water Supply and Sanitation Initiative Forum

24-Jan-2020 - What: The 3rd Rural Water Supply and Sanitation Initiative Forum When: 24 to 26 March 2020 Where: Kigali, Rwanda   The Water Development and Sanitation Department of the African Development Bank cordially invites you to the 3rd Rural Water Supply and Sanitation Initiative Forum, hosted by the Government of Rwanda from 24 to 26 March 2020.

The third review of the independent review mechanism launched

23-Jan-2020 -  The third review of the Independent Review Mechanism (IRM) of the African Development Bank Group started in December 2019 and will run until January 2021. An international and independent firm called Savanas E Enseadas LDA was selected to conduct this assignment through a competitive bidding process.

Zimbabwe: African Development Bank Group approves grant for disaster risk management training

23-Jan-2020 - The Board of the African Development Fund (ADF) on Wednesday approved a $685,000 grant to strengthen Zimbabwe’s capacity to manage disaster risks, including droughts, floods and tropical cyclones, through the Bank’s Africa Disaster Risk Financing (ADRiFi) programme.

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

23-Jan-2020 - Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank to open markets for trading at London Stock Exchange on Wednesday 22 January. The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place for accelerating investment into the continent is playing a valuable role in convening investors and corporates and removing the bottlenecks to investments and enabling a free flow of long-term capital.

Bank Group to host first 2020 Business Opportunity Seminar in March

22-Jan-2020 - What: Business Opportunity Seminar When: 11-12 March 2020, 8:00 am-5:00 pm each day Where: African Development Bank - CCIA Building, Abidjan, Côte d’Ivoire  

Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors

21-Jan-2020 - Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said. The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa...

ACCF grants $4.7m to support projects in African countries

21-Jan-2020 - The Africa Climate Change Fund (ACCF) recently approved seven new project proposals amounting to around $4.7 million.

African Development Bank to host first Global Environmental Facility AFLDC-2 regional workshop

21-Jan-2020 - WHAT: Regional consultation workshop WHEN: 20 - 21 January, 2020 WHERE: Abidjan, Cote d’Ivoire  

British Prime Minister, African leaders urge investors to accelerate economic role on the continent

20-Jan-2020 - UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership  between  the UK and Africa.

African Development Bank's Akinwumi Adesina heads to UK-Africa investment summit: Revitalizing economic ties top of agenda

17-Jan-2020 - New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th. African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’

The African Development Bank signs €6 million grant for São Tomé and Principe

16-Jan-2020 - The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe. The agreement was signed at the Bank’s headquarters in Abidjan, Côte d'Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development, integration and service delivery. The Bank approved the budgetary support to São Tomé and Principe on 8 January 2020 under its programme to support economic reform and...

NSO Policy Interviews – Victoria Chisala

16-Jan-2020 - 5 Questions to Victoria Chisala, Acting Director of the Policy and Strategy Department’s on the African Development Bank’s Non-Sovereign Operations policy.*   What is the objective of the Non-Sovereign Operations policy? The objective of the NSO policy dissemination is to expand the Bank’s engagement with the private sector to increase synergies between us. It is also an opportunity to provide information about the type of projects we finance or invest in as the African Development Bank.

République démocratique du Congo : la Banque africaine de développement discute avec le gouvernement du développement rapide du site Inga et du lancement de Inga 3

15-Jan-2020 - « Nous venons pour réaffirmer notre partenariat avec la Banque africaine de développement et son leadership dans la mise en œuvre effective et rapide du projet Inga 3 », a déclaré, lundi 13 janvier à Abidjan, Sele Yalaghuli, ministre des Finances de la République démocratique du Congo (RDC).

African Development Fund Board approves $37.2 million in credit risk participations by the Private Sector Credit Enhancement Facility for non-sovereign operations in Kenya, Sudan and Senegal

15-Jan-2020 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on January 15, 2020, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) for projects in Kenya, Sudan and Senegal. The agreement covers operations cumulatively valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion, and two lines of credit targeting SME borrowers.

African Development Bank allocates €1.2 million to train policymakers in boosting mining revenues

15-Jan-2020 - The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues. The Bank’s Regional Development, Integration and Business Delivery Complex approved the first-of its kind grant from the Transitional Support Facility for the project on Financial Modelling for the Extractive Sector (FIMES) in December. The project will be implemented in Africa’s transitional countries from 2020 to 2022.

African Development Bank set to unveil 2020 African Economic Outlook

15-Jan-2020 - WHERE: African Development Bank HQ, Babacar N’diaye Auditorium, Abidjan, Cote d’Ivoire WHEN: 30 January 2020; 2:30 pm - 4:30 pm   The African Development Bank will launch the 2020 edition of its flagship African Economic Outlook (AEO) report on Thursday, 30 January 2020 at its headquarters in Abidjan, Cote d’Ivoire.

Zimbabwe: African Development Bank, UN and World Bank launch 2019 Needs Assessment Report to spur economic recovery

15-Jan-2020 - The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, the first to be prepared jointly in Zimbabwe by the three organizations, was produced after the Government of Zimbabwe requested them to assess the scope of challenges and needs.

African Development Bank unveils Policy on Non-Sovereign Operations

13-Jan-2020 - The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms.