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AfDB Board approves 2017-2021 Country Strategy Paper for Rwanda
23-Nov-2016 - The African Development Bank (AfDB) will support Rwanda’s economic transformation by boosting inclusive private sector-led growth and creating higher value-added formal employment with an indicative financing package estimated at US $939.4 million over a five-year period. This support package is contained in the Bank’s 2017-2021 Country Strategy Paper (CSP) for Rwanda, which will guide the Bank’s operations in the country during the next five years, approved by its Board of Directors on Wednesday, November 23, 2016 in Abidjan, Côte d’Ivoire.
Africa50 appoints four esteemed infrastructure advisors to its Investment Committee
23-Nov-2016 - The Board of Directors of Africa50, the infrastructure fund for Africa, has approved the appointment of four internationally renowned investment and infrastructure experts as Senior Advisors and members of its Investment Committee. The four Senior Advisers, hailing from the U.S., France, Cameroon and Nigeria, will assist Africa50 in making investment decisions in a manner that will ensure the attainment of the dual objectives of development impact and financial return.
The African Legal Support Facility receives 5 million euro from KfW
22-Nov-2016 - The African Legal Support Facility (ALSF) and the KfW Development Bank on Tuesday signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a € 5-million KfW grant to support ALSF activities.Launch of Boost Africa Initiative, a new integrated approach to boost young innovative entrepreneurs across Africa
21-Nov-2016 - Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched on Monday, November 21 in Abidjan by the European Investment Bank (EIB) and the African Development Bank (AfDB) in partnership with the European Commission. The launch ceremony took place at the Headquarters of the AfDB in Abidjan in the presence of EIB President Werner Hoyer, AfDB President Akinwumi Adesina, EIB Vice-President Ambroise Fayolle and Stefano Manservisi, Director-General for International Cooperation and...Stakeholders to deliberate on enhancing commercial legal practice in Africa
21-Nov-2016 - The African Legal Support Facility (ALSF) will host its inaugural stakeholder meeting from November 21-22, 2016 in Abidjan, Côte d’Ivoire. Thirty-five experts comprising of African legal professionals and eminent development practitioners will meet to reflect and deliberate on challenges facing the legal fraternity on the continent. The experts are expected to explore and share ideas about the ALSF’s strategic role within the framework of its mandate to achieve sustainable legal capacity.
European Investment Bank-AfDB Africa Day 2016
21-Nov-2016 - The African Development Bank (AfDB), in collaboration with European Investment Bank (EIB) is organising the second Africa Day. The event will take place on November 21, 2016 at the AfDB’s headquarters in Abidjan, Côte d’Ivoire. This year, participants will explore vital themes for Africa to fulfil its potential, by creating good jobs for young people across a range of sectors. They will also share perspectives on the crucial role to be played by innovation and sustainable development. This is where financing can have the greatest impact.AfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities
18-Nov-2016 - The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016.Africa Day at COP22: African leaders demonstrate commitment and action to address climate change
18-Nov-2016 - African Heads of State and Government marked Africa Day in the Africa Pavilion at the UNFCCC 22nd Conference of Parties (COP22) on 16th November with focused and strategic discussion on the ratification and roll out of the implementation of the Paris Agreement and the key continental initiatives to support member states’ efforts.AfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities
18-Nov-2016 - The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016.AfDB Board approves US $135 million for Zambia’s Small Towns Water and Sanitation Program
18-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) Group on Friday, November 18, 2016 approved a US $135-million loan to finance a water and sanitation program targeting small towns in Zambia. The Integrated Small Towns Water Supply and Sanitation Program aims to increase access to quality water supply and sanitation services in a sustainable manner in 12 towns located in four provinces of Zambia. Other objectives include ensuring efficient management and operation of the water supply and sewerage facilities on free market...
COP22: “Global finance mechanisms must pay for Africa’s rising climate bill,” Adesina tells Marrakech Conference
18-Nov-2016 - Urgent action needed to stop climate-induced displacement of public expenditures Global finance mechanisms to pay for insurance premiums AREI is fully operational; time for the G7 to fulfill Paris pledges
AFRACA delegation holds talks with Bank Group President
17-Nov-2016 - A delegation from the African Rural and Agricultural Credit Association (AFRACA), led by its General Director, Millison Narh, recently visited the Bank Group and held talks with President Akinwumi Adesina, on possible cooperation with his institution.AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa
17-Nov-2016 - The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Bata Multinational Road and Bridge linking Cameroon to Equatorial Guinea.
Africa’s renewable energy revolution must engage public and private financing partners to break down economic, political and social risks, experts agree
17-Nov-2016 - At the UN’s global climate conference this week, governments and development partners came together to examine the role of financing in shaping some of Africa’s groundbreaking renewables successes such as Morocco’s Noor Concentrated Solar Power (CSP) plant.Remarks by Dr. Akinwumi Adesina, President of the African Development Bank, at the Summit of African Heads of State, COP 22, November 16, 2016, Marrakech, Morocco
17-Nov-2016 - Your Majesty the King of Morocco, Your Excellencies, Presidents and Heads of Government, ladies and gentlemen! I wish to thank you, your Majesty the King for inviting the African Development Bank to this Summit and for hosting the COP22 here in beautiful city of Marrakech. Today, your Excellencies, there is a matter we need your voice to solve: how to support climate finance for Africa to adapt to climate change.NEPAD Infrastructure Project Preparation Facility urges Canadian businesses to seize investment opportunities in Africa
17-Nov-2016 - Canadian businesses attending a Business Opportunities Seminar with International Finance Institutions (IFI) held in Toronto, Montreal, Calgary and Vancouver from October 18 to 21 have been urged to compete for AfDB-funded projects and tap into the immense business opportunities available in Africa.
A fruitful first meeting between ADEA and India
16-Nov-2016 - On October 31, Oley Dibba-Wadda, ADEA Executive Secretary, met with Shri R. Ravindra, Ambassador of India to Côte d’Ivoire, Guinea and Liberia, to discuss on a potential strategic partnership. To this end, ADEA Executive Secretary also invited India to participate in the ADEA’s flagship event, which is the 2017 Triennale, to be held in Marrakech, Morocco, from March 15-17, 2017.AfDB approves US $17-million Food Assistance for Malawi
16-Nov-2016 - The African Development Bank (AfDB) Group Board of Directors has approved a US $17 million (about MK 12.2 billion) Food Crisis Response Budget Support Programme grant for Malawi. The Programme will support Malawi Government’s Emergency Response Plan to mitigate the current food crisis through the purchase of maize for distribution to vulnerable households.AfDB approves US $10-million equity investment in TIDE Africa Fund
16-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a US $10-million equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa.