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Somalia: African Development Bank Group approves framework to clear nation’s arrears
26-Feb-2020 - The African Development Bank and African Development Fund today approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country. The historic Framework for Somalia’s Arrears Clearance and a Policy-based Operation was approved at a meeting of the Boards of Directors held Wednesday.
African Development Bank Board bids farewell to Senior Vice President Charles Boamah
26-Feb-2020 - “Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is with those words that the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, also Dean of the Board of directors of the African Development Bank, commended the outgoing Senior Vice President, Charles Boamah.
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
26-Feb-2020 - A seven-member delegation of Executive Directors of the African Development Bank visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during which they were briefed on the current macro-economic, social and political environment in the southern African nation.
Botswana: African Development Bank supports development finance agency BDC with $80 million Line of Credit
25-Feb-2020 - The African Development Bank and the Botswana Development Corporation (BDC) on Friday signed a Line of Credit (LOC) totaling $80 million to help scale up key investments in the southern African country. BDC will on-lend to specific target groups, focusing on industrialization including manufacturing, transport and service sectors that have significant development impact. Repayment will be over 10 years, including a two-year grace period.First ALSF High-level Members Forum
25-Feb-2020 - What: First ALSF High-Level Members Forum When: 26 and 27 February 2020, 8.30am to 5pm Where: Hotel Radisson Blu, Abidjan, Côte d’IvoireAfrican Union Executive Council endorses African Development Bank President Adesina for second term
25-Feb-2020 - The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank. The decision was taken during the thirty-sixth Ordinary Session of the AU Executive Council, held during the AU Summit in Addis Ababa, Ethiopia, 6-7 February 2020. Adesina was elected to his first term as President by the Bank’s Board of Governors at its Annual Meetings in Abidjan on 28 May 2015. He is the eighth President of the African Development Bank Group and the first Nigerian in the...
Sénégal : le président Macky Sall reçoit les administrateurs de la Banque africaine de développement en mission de consultation dans le pays
24-Feb-2020 - Le Président de la République du Sénégal, Macky Sall, a reçu, vendredi 21 février à Dakar, les administrateurs de la Banque africaine de développement au dernier jour de leur mission de consultation dans le pays.
Ireland moves closer to becoming the 81st member of the African Development Bank Group
24-Feb-2020 - Ireland moved a step closer to becoming a member of the African Development Bank Group after a government delegation on Monday deposited ratification instruments during an official visit to the Bank’s Abidjan headquarters. The delegation, led by Paul Ryan, Director, International Finance Division of Ireland’s Department of Finance, included Patrick Mulhall and Renee Martin of the Department of Finance, and Laura Gibbons from the Department of Foreign Affairs and Trade.
La Banque africaine de développement forme ses représentants au sein des conseils d’administration des entreprises et des institutions financières
21-Feb-2020 - La Banque africaine de développement a organisé, début février à Abidjan, une session de formation au profit de ses représentants dans les conseils d’administration des entreprises et des institutions financières nationales, régionales et continentales. Cette formation sur la gouvernance des entreprises et des institutions financières a été pilotée par le département de la Banque en charge des Opérations non souveraines et du soutien au secteur privé (PINS).Nigeria: All hands on deck to implement Special Agro-Industrial Processing Zones, says Minister Nanono
21-Feb-2020 - The African Development Bank, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria. A workshop was held in Abuja from 17 to 18 February to address the categorization and location of the SAPZs, which are meant to kickstart the agriculture sector.
African Development Bank issues call to strengthen fertilizer value chains at Argus Africa Fertilizer Conference
21-Feb-2020 - The African Development Bank urged development finance institutions, NGOs, farmer cooperatives, and the private sector to develop more effective financing solutions for Africa’s fertilizer value chains. The Bank’s call to action came during the Argus Africa Fertilizer Conference held on 19 February. The conference’s theme was Supporting the fertilizer value chain to improve agricultural productivity and economic growth in the region.Sénégal : les administrateurs de la Banque africaine de développement à l’écoute de la société civile et du secteur privé.
21-Feb-2020 - Les administrateurs de la Banque africaine de développement ont rencontré, ce jeudi, les acteurs du secteur privé et de la société civile sénégalaise. Les premiers échanges ont eu lieu, entre autres, avec la Confédération nationale des travailleurs du Sénégal – Forces du changement (Cnts-Fc), du Conseil des ONG pour le développement (Congad), du Conseil national de la jeunesse et d’organisations de personnes victimes de handicap.
Burundi : la Banque africaine de développement et le gouvernement signent deux accords de dons d’un montant total de 23,4 millions d’euros en faveur du développement du Port de Bujumbura
21-Feb-2020 - La Banque africaine de développement et le gouvernement burundais ont signé, mardi 18 février à Bujumbura, capitale économique du Burundi, deux accords de dons d’un montant total de 23,4 millions d’euros sur les ressources du Fonds Africain de Développement (FAD) et de la Facilité d’Appui à la Transition (FAT) en faveur du secteur du transport du pays.
Kenya: Celebrated entrepreneur calls for better policies and resources to support youth and women entrepreneurship
21-Feb-2020 - Multi-award-winning entrepreneur Ahmad Ashkar has called on policymakers to develop better policy options, backed by dedicated resources to support the youth and women to become successful entrepreneurs. Addressing a forum organized by the Eastern Regional office of the African Development Bank in Nairobi last week, Ashkar, CEO and founder of the Hult Prize Foundation, said 99% of youth do not think they can be entrepreneurs. “We should equip them with financing, tools, and training in soft skills, which is lacking in the current education...African Development Bank joins other Development Finance Institutions to deepen private investment in fragile states
20-Feb-2020 - Representatives of 27 Development Finance Institutions (DFIs) met at the University of Oxford on 11-13 February for a follow-up forum to strengthen private investment inflows into fragile or conflict-affected economies.
Sénégal : les administrateurs de la Banque africaine de développement mesurent l’impact du P2RS sur les bénéficiaires du programme
20-Feb-2020 - Les administrateurs de la Banque africaine de développement se sont rendus, hier, à Fatick, à plus d’une centaine de kilomètres de Dakar, dans le cadre de leur mission de consultation au Sénégal. Accueillis sur place par la gouverneure de la région, Seynabou Gueye, ils ont rencontré les bénéficiaires du Programme multinational de renforcement de la résilience à l'insécurité alimentaire et nutritionnelle au Sahel (P2RS), dont ils ont pu mesurer l’impact sur le quotidien des populations locales.
“Our goal is to surpass developed countries,” African Development Bank VP tells fourth industrial revolution forum
20-Feb-2020 - Africa is not only ready for the fourth industrial revolution. It is set to outdo the achievements of the developed world. That was one of the messages that emerged at a seminar hosted by the African Development Bank at its headquarters in Abidjan. The event attracted Ivorian and regional ministers as well as officials, senior Bank staff and private sector executives, including those of tech giants MTN and Orange.« Trois questions à… » John Andrianarisata, Représentant-pays de la Banque africaine de développement au Bénin
19-Feb-2020 - La Banque africaine de développement est partenaire du Bénin depuis 1972, l’un des six pays africains ayant connu la plus forte croissance en 2019. John Andrianarisata, représentant de la Banque dans le pays, explique le rôle de l’institution dans cette performance et détaille ses priorités pour accompagner le Bénin dans la transformation structurelle de son économie.
EAC hosts the 30th NEPAD-IPPF Oversight Committee in Arusha
19-Feb-2020 - The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) held its 30th Oversight Committee meeting for the Special Fund at the headquarters of the East African Community, in Arusha, Tanzania.