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Improving transportation in Namibia: African Development Bank approves ZAR 2,000 million for rail and road works
13-Dec-2017 - To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,000 million (US$ 153 million) to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country. The support will also finance the upgrade of a section of the road from the capital, Windhoek, to its international airport.
One Planet Summit - Joint IDFC-MDB Statement - Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement
12-Dec-2017 - The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, towards sustainable development was highlighted by the 2015 Addis-Ababa Financing for Development Conference.Women, youth and SMEs to benefit from African Development Bank’s US $100-million loan to Mauritius
11-Dec-2017 - Thousands of small and medium enterprises in Mauritius will benefit from a US $100-million loan to the country from the African Development Bank. The Bank approved the loan through its public sector window to MauBank Holdings Ltd. in Mauritius to expand its SME business across sectors and foster private sector investments in a wide range of sectors, such as manufacturing, trade, agriculture, aquaculture, ICT and transport. The facility will promote inclusive growth in the country.
African Economic Conference: Should Africa be inspired by China’s industrial development?
11-Dec-2017 - Africa, which struggles to boost its industrial sector, has decided to seek inspiration from the Chinese model.
Remittances can harness Africa’s development, researchers say
11-Dec-2017 - Rising sources of income for Africans are being realised through remittances, which have been observed as an important aspect that impacts lives as well as brings about economic growth and development on the continent.Mines : un prêt de 100 millions de dollars de la Banque africaine de développement en faveur de la Guinée
11-Dec-2017 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 7 décembre 2017, à Abidjan, en Côte d’Ivoire, un prêt de 100 millions de dollars américains (EU) pour un projet de voie ferrée, de port et de mine à Boké, dans le nord-ouest de la Guinée.
Fair trade with Europe should depend on quality African exports
11-Dec-2017 - Participants at the 12th African Economic Conference have urged African countries to add value to their exports in order to score a competitive edge when trading with Europe under the Economic Partnership Agreements (EPA). The EPAs are ongoing negotiations expected to create a free trade area between the European Union and African, Caribbean and Pacific Group of States (ACP).Intégration régionale : 66 millions d’euros de la Banque africaine de développement pour relier par pont le Cameroun et le Tchad
11-Dec-2017 - La libre circulation des biens et des personnes entre le Cameroun et le Tchad prend forme, de plus en plus. Lundi 11 décembre 2017, feu vert a été donné à la Banque africaine de développement, pour financer à hauteur de 66 millions d’euros la construction d’un pont qui, enjambant le fleuve Logone, va relier les villes de Yagoua (Cameroun) et de Bongor (Tchad).
Politicians must no longer manage Africa’s natural resources unilaterally, say experts
11-Dec-2017 - On Day 1 of the 12th African Economic Conference, which began on December 4, 2017 in Addis Ababa (Ethiopia), experts from Africa called for the inclusive management of the continent’s natural resources, where there is a high level of inequality, during the third plenary session entitled “Inclusive resource governance as a driver of structural transformation”.
Namibia hosts 2017 Programme for Infrastructure Development in Africa (PIDA Week)
10-Dec-2017 - The 2017 Programme for Infrastructure Development in Africa Week (PIDA Week) will take place from 10 to 14 December in Swakopmund, Namibia on the theme, “Regional infrastructure development for job creation and economic transformation.” The third edition of PIDA Week will be organized by the African Union Commission (AUC), the NEPAD Planning and Coordinating Agency (NPCA), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (UNECA) in collaboration with the Namibian Government and the Southern African...Côte d’Ivoire’s renewable energy project receives €50 million financing support from African Development Bank
08-Dec-2017 - Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on Wednesday, 6 September 2017 in Abidjan. Located at about 148 km north of Abidjan, the Singrobo-Ahouaty Hydropower Plant Project, to be commissioned in 2021, will support the thermal production of electricity during periods of high demand as well as diversify the country’s energy mix. Côte d’Ivoire intends to increase its share of renewable energy from 15% to 42%...
African Economic Conference explores impact of foreign aid on domestic tax collection
08-Dec-2017 - The African Economic Conference, organized by the African Development Bank and partners, convened for its second day of deliberations on Tuesday, to explore the impact of foreign aid on domestic tax collection and the effective utilization of donor aid in Africa. The discussions taking place at the UN Conference Centre in Addis Ababa have been convened by the AfDB, ECA and the UN Development Programme (UNDP) to examine policies and structures determining the pace of Africa’s economic transformation.
Closing the gender gap in agriculture is economically viable, report concludes
08-Dec-2017 - Results of a landmark study on the cost of a gender gap in agricultural productivity reveal a worrying trend that is bound to impact on Africa’s structural transformation according to a report showcased on the sidelines of the 2017 African Economic Conference held at the UN Conference Centre in Addis Ababa, Ethiopia.
Researchers point to regional integration as key driver of economic growth
08-Dec-2017 - African researchers have indicated that improved governance and structural transformation on the continent will naturally depend on the advancement of regional integration initiatives. The researchers that successful regional integration will eventually bring about the desired ease of movement of people and ease of doing business, as well as improvement of balance of payment through increased quality exports.
Researchers discusses tax administration initiatives to enhance transparency in Africa
08-Dec-2017 - Enhancing the transparency in the collection, administration and management of public taxes came to the fore of discussions at the 12th African Economic Conference on Wednesday, December 6, 2017 amid warnings the increased misuse of government taxes posed double risks to the state investment capability.
Joint AfDB-AU-ECA-UNDP report calls for decent jobs and reduced poverty across Africa
08-Dec-2017 - A new report says that Africa made slow progress in reducing poverty and inequality owing to limited decent employment opportunities and weak social insurance mechanisms. It called for a harmonized and integrated approach to Agenda 2063 and Agenda 2030, as well as for African governments to tackle inequality in tandem.
Tanzania: African Development Bank accelerates development pace with ‘High 5’ priorities
07-Dec-2017 - he African Development Bank’s 2017 Country Results Brief released recently is dedicated Tanzania.
African Development Bank leads the way in renewable energy
07-Dec-2017 - In line with the New Deal on Energy for Africa, the African Development Bank has approved US$324 million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and keep economic growth on track.
Senegal’s New Airport Opens
07-Dec-2017 - Senegal’s new International Blaise Diagne Airport (AIBD), a 525 million euro infrastructure masterpiece, co-financed with the African Development Bank, opened on Thursday. The airport confirms the Bank’s commitment to Africa’s air transportation development, and a strategic component of the High 5 agenda to integrate Africa.