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African Development Bank provides €100 Million partial guarantee for commercial agriculture in Africa
31-May-2019 - The Board of Directors of the African Development Bank, meeting in Abidjan on 29 May 2019, approved a €100 million partial credit guarantee (PCG) to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa.Comores : la Banque africaine de développement porte sa contribution à 25,22 millions d’euros au Projet d’appui au secteur de l’énergie
31-May-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 21 mai, un financement complémentaire de 8,63 millions d’euros en faveur du Projet d’appui au secteur de l’énergie aux Comores, portant ainsi la contribution totale de l’institution à 25,22 millions d’euros.
The African Development Bank hosts the Zero Emissions Omissions Coalition
29-May-2019 - The African Development Bank and the Zero Emissions Omissions Coalition, an advocacy group dedicated to mobilising support for climate change, have met to discuss the Bank’s role in leading clean energy production on the continent and greater transparency on its investments.
African Development Bank’s first symposium on Climate Change calls for increased focus on resilience building
29-May-2019 - African nations must focus on building resilience against climate change and renew efforts to save resources spent on weather-related emergency relief to better address the needs of the vulnerable, African Development Bank President Akinwumi Adesina said on Monday.Tunisie: la Banque africaine de développement accorde 57,5 millions d’euros à Amen Bank pour développer le commerce et soutenir les PME
29-May-2019 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, mercredi 29 mai 2019, un financement total de 57,5 millions d’euros en faveur de la banque tunisienne Amen Bank afin de développer le commerce et accompagner les petites et moyennes entreprises (PME). Cette enveloppe se compose d’un prêt d’investissement à long terme de 35 millions d’euros et d’une facilité de 15 millions d’euros pour le financement du commerce ainsi qu’un complément de 7,5 millions d’euros provenant du fonds « Africa Growing Together...Japan and Austria to support private sector climate change investments on the continent
28-May-2019 - The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change.
Mozambique: African Development Bank supports new tracking system to create growth-friendly labor market
23-May-2019 - Mozambique has launched a new statistics-based system to track trends in the labour market sector. The Ministry of Labour, Employment and Social Security of Mozambique (MITESS) launched the Labour Market Information System (SIMT) Management Platform on May 9th. The new system was supported by the African Development Bank under the Job Creation and Livelihood Improvement Project. The International Labour Organisation (ILO) was also a key partner.
Côte d'Ivoire: ADEA, the Didier Drogba Foundation and Education Ministry sign MoU to promote digital literacy in Africa
21-May-2019 - The Association for the Development of Education in Africa (ADEA) hosted by the African Development Bank, the Didier Drogba Foundation (FDD) and the Ministry of National Education, Technical and Vocational Training (MENETFP) on 08 May 2019 signed a deal to promote digital literacy in Africa.
African Development Bank commissions value chain study into jewelry manufacturing in Sierra Leone, Zimbabwe and the Republic of Guinea
21-May-2019 - The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three...Ethiopia: African Development Bank’s Sustainable Energy Fund approves grant to spur renewable investments
21-May-2019 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia. The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable Energy Programme.
African Development Bank commissions value chain study into jewelry manufacturing and jobs for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea
21-May-2019 - The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three...
Bank’s Lines of Credit help to deepen African financial systems, small projects blossom
21-May-2019 - The African Development Bank has since 1995 granted five loans totaling $700 million to the Development Bank of Southern Africa (DBSA), a governmental financial institution with special focus on infrastructure expansion. The transactions have helped to deepen financial markets and buoyed local businesses. The Bank’s lines of credit enabled DBSA to finance some 20 private sector projects in eight countries, covering seven sectors (energy, industry, finance, tourism, telecoms, agriculture and infrastructure). The investments generated and...
Burkina Faso: President Kaboré receives mission roadmap from the African Leaders for Nutrition
20-May-2019 - The president of the Republic of Burkina Faso, Roch Marc Christian Kaboré, is now officially a champion of the "African Leaders for Nutrition" (ALN) initiative, after being presented with his mission plan on Thursday 16 May by the African Development Bank's Director of Human Capital, Youth and Skills Development, Oley Dibba-Wadda. The ceremony took place in the presidential palace of Kosyam, in Ouagadougou, attended by Pascal Yembiline, the Bank's Country Director for Burkina Faso and other officials.
La Banque africaine de développement, associée au Partenariat MFW4A et à la GIZ, soutient le développement du marché de l’assurance en Afrique de l’Ouest et Centrale
20-May-2019 - Le « Partenariat Making Finance Work for Africa » (MFW4A) et la « Deutsche Gesellschaft für Internationale Zusammenarbeit » (GIZ) ont organisé, avec le soutien de la Banque africaine de développement, un atelier sur le développement de l'assurance en Afrique de l'Ouest et du Centre, les 14 et 15 mai 2019 à Abidjan.
« Éclairer l’Afrique » : cinq projets majeurs soutenus par la Banque africaine de développement améliorent la vie des populations
20-May-2019 - « Éclairer l’Afrique et l’alimenter en énergie » est, depuis fin 2015, une des cinq grandes priorités stratégiques, « High 5 », de la Banque africaine de développement, qui vise un accès universel à l’électricité sur le continent, dont ont déjà bénéficié des dizaines de millions d’Africains vivant notamment dans des zones rurales.
Chad: African Development Bank President pledges deeper cooperation, urges donor support for energy sector
20-May-2019 - African Development Bank President Akinwumi Adesina, on 17 May 2019, pledged to deepen cooperation between his organization and Chad, to help the central African nation to meet critical development financing needs. At a meeting with Chadian President Idriss Deby in the landlocked country’s capital, N’Djamena, Adesina also called on development partners to support Chad’s energy sector to increase power generation capacity to 400 megawatts per year, from less than 100 megawatts currently.
Madagascar : le ministère des Mines et la Banque africaine de développement ont présenté les conclusions d’une étude sur la valorisation des ressources minières
20-May-2019 - Le ministère des Mines et des Ressources Stratégiques de Madagascar, en collaboration avec la Banque Africaine de Développement, a présenté, vendredi 17 mai, les résultats d’une étude « sur la valorisation des revenus issus de l’exploitation des ressources extractives ».
Africa’s digital economy is a pan African responsibility, Rwanda’s President Kagame says at Transform Africa Summit
17-May-2019 - Officially opening the continent’s digital economy summit in the Rwandan capital, President Paul Kagame called the task to advance Africa’s digital economy agenda “a pan-African responsibility.” Africans need to realize “the depth and breadth of our responsibility in realizing the digital agenda which supports the broader development agenda,” Kagame told the packed auditorium on Day 2 of the Transform Africa Summit taking place at the Kigali Conference Center.‘One of the best opportunities I received’ – Malawi student looks forward to being a teacher after studies funded by African Development Bank project
17-May-2019 - Cecilia Phiri is a student at Chancellor College in Malawi. Located in Zomba, about 300 km south of Lilongwe, Chancellor College (CHANCO) is the largest of the five constituent colleges composing the University of Malawi, which was established in 1965. Cecilia started her studies in 2014. She is majoring in Biology and Organic Chemistry.