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African Development Bank Group approves LEAF program to promote investment in decentralized renewable energy
18-Feb-2022 - The Board of Directors of the African Development Bank Group on Wednesday approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralized renewable energy in six African countries. The $800 million program will help spur commercial and local currency investments to scale up the activities of decentralized renewable energy companies in Ghana, Guinea, Ethiopia, Kenya, Nigeria, and Tunisia.African Development Bank Group and Africa50, in partnership with the African Union Commission and AUDA NEPAD, to create Alliance for Green Infrastructure in Africa with global partners
18-Feb-2022 - The Alliance will: Catalyze bankable, greener infrastructure projects at scale and speed Raise up to $500 million of early-stage project development and project preparation capital which aims to generate up to $10 billion in investment opportunities Support the continent’s transition to Net Zero emissions with investments in greener, climate-resilient and sustainable infrastructureLiberia: African Development Fund approves $12.13 million savings to fund additional works under the Bank-sponsored Fish Town-Harper Road Project
18-Feb-2022 - The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, on Wednesday approved funding of $12.13 million to finance additional activities under the Bank-sponsored Fish Town-Harper Road Project in Liberia.African Development Bank Group approves $379.6 million Desert to Power financing facility for the G5 Sahel countries
18-Feb-2022 - The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven years.
Senegal’s Macky Sall and France’s Emmanuel Macron commit to stronger Europe-Africa partnership
17-Feb-2022 - The Senegalese and French presidents yesterday committed to stronger Europe-Africa partnership and to empowering youth. A day ahead of the European Union-African Union Summit , Presidents Macky Sall and Emmanuel Macron underscored the partnership and interconnection between their respective countries and continents. The two presidents spoke in Paris during the Investing Together, for a New Alliance Between Africa and Europe conference, organized by the French development agency, Agence française de développement and the French government.
African Development Bank Group - Global Community of Practice (G-CoP) Seminar
17-Feb-2022 - What: 8th G-CoP E-Policy Dialogue - Managing Public Finance in Times of Crisis in Africa Who: African Development Institute, the African Development Bank Group When: 28 February 2022, 14:00–17:00 GMT for delegates from the Western Hemisphere: Africa, Europe, the Middle East, the Americas, and the Caribbean. 1 March 2022, 08:30-11:30 GMT for delegates from the Eastern Hemisphere: Indian Ocean Rim region, including Oceania and Asia
African Development Bank Group President attends 6th European Union-African Union Summit
16-Feb-2022 - Who: African Development Bank Group What: 6th European Union-African Union Summit When: 17-18 February 2022 Where: Brussels, Belgium
Africa Investment Forum (AIF) Partners’ Meeting
16-Feb-2022 - We are pleased to invite you to the Africa Investment Forum (AIF) Partners’ Meeting on February 24, 2022, from 12:00 pm to 01:05 pm (GMT+0). Please find below the agenda for the event:
Global development finance coalition commits over $5.5 billion for MSME financing in Africa
16-Feb-2022 - The coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development finance institutions that came together in 2020, today announced commitments of over $5.55 billion of financing to micro, small and medium enterprises (MSMEs) in Africa between mid-2020 and end of 2021, beating their set target of $4 billion over the period.African Development Fund approves $4.3 million grant to Somalia for statistics development
16-Feb-2022 - The Board of Directors of the African Development Fund has approved a $4.3 million grant to support statistics development in Somalia. The Board of the African Development Fund, the concessional window of the African Development Bank Group, approved the grant on 14 February. The Statistics Development Support Project for Somalia will entail providing technical assistance and training staff in the Somalia National Bureau of Statistics and the Statistics Departments of Hirshabelle, Galmudug and Jubaland States of Somalia.More than 800,000 additional people gain access to clean water in Uganda’s rural communities areas and small towns
16-Feb-2022 - More than 800,000 additional Ugandans have gained access to safe drinking water following the execution of the second phase of the Water Supply and Sanitation Programme, according to a project completion report for the African Development Bank released on 1 February.Promoting long-term finance through local currency bond markets: Evidence from selected African countries
16-Feb-2022 - What: Webinar Who: Making Finance Work for Africa (MFW4A) Partnership, and the Capital Markets Development Trust Fund When: 24 February 2022 at 13.00-14.30 GMT Where: VirtualAfrican Development Bank Group President to press for SDR reallocation, vaccine equality at EU-AU summit
16-Feb-2022 - African Development Bank Group President Dr. Akinwumi A. Adesina will attend the sixth European Union-African Union (EU-AU) summit in Brussels this week. He is expected to call for greater access to Covid-19 vaccines and the reallocation of $100 billion in International Monetary Fund Special Drawing Rights (SDRs) to Africa. The Bank Group chief will urge that these SDRs be channelled through the African Development Bank, as a prescribed holder of SDRs.
EU-Africa Business Forum 2022
15-Feb-2022 - What: Sideline events at 7th Europe-Africa Business Forum 2022 Who: African Development Bank Senior Vice President Bajabulile Tshabalala; Acting Vice President Yacine Fal; and Vice President Kevin Kariuki When: 16-17 February 2022 Where: Online. See registration links belowRépublique centrafricaine : l’appui de la Banque africaine de développement contribue à renforcer les systèmes de santé et à contrôler la pandémie de Covid 19
15-Feb-2022 - L’appui budgétaire du Groupe de la Banque africaine de développement à la République centrafricaine face à la crise de Covid-19, a permis de créer les conditions de renforcement des systèmes de santé du pays, pour contrôler la pandémie et limiter l’impact sur les entreprises du secteur privé, indique le rapport d’achèvement du projet publié par la Banque le 11 février.
African Development Bank Group chief pays homage to the late President John Magufuli
13-Feb-2022 - The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, ended his three-day official visit to Tanzania with a moving tribute to the late President John Magufuli, who died in office last March. Adesina on Thursday travelled to the north-western town of Chato to pay homage to the late president, who he described as “a dear friend, brother and partner.”Western Uganda roadway paves the way for higher incomes, more tourism revenue in the region
13-Feb-2022 - The Kigumba–Masindi–Hoima–Kabwoya road in western Uganda has opened for traffic, paving the way for increased regional trade, tourism and oil production.
African Development Bank’s Fashionomics Africa, partners, launch new sustainable fashion competition with $6,000 in cash prizes
11-Feb-2022 - The African Development Bank Fashionomics Africa initiative’s second online competition is offering $6,000 total in cash prizes, mentoring, new branding packages and other support for winning African designers of sustainable and circular fashion.South Africa’s largest renewable energy project Redstone CSP achieves first debt draw down
11-Feb-2022 - South African Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa to date.