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Importance of regional and continental integration for Africa’s development
03-Dec-2018 - Africa’s integration is no longer a matter of choice. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration. For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting robust and equitable economic growth through markets, but also for reducing conflict and enhancing trade liberalisation.Maroc : la Banque africaine de développement organise un atelier de formation régional sur la plate-forme « Open Data » de l’Autoroute de l’information en Afrique (AIA)
03-Dec-2018 - En collaboration avec le Fonds monétaire international et le Haut Commissariat au plan du Royaume du Maroc, le Groupe de la Banque africaine de développement organise un atelier de formation régional consacré à la plate-forme « Open Data » développée dans le cadre de l’initiative Autoroute de l’information en Afrique (AIA) pour la diffusion et l’échange de données statistiques sur le continent.“Infrastructure development key to accelerated regional integration,” says Negatu
03-Dec-2018 - Gabriel Negatu is the Director General for East Africa Regional Development and Business Delivery Office at the African Development Bank. Representing the Bank Group President at the 13th African Economic Conference in Kigali (3-5 December), he speaks of the institution’s new Regional Integration Strategic Framework.Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance
03-Dec-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019.
African Economic Conference 2018 focusses on Africa Visa Openness and integration
03-Dec-2018 - For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations of being refused entry to a country because of visas, the end result is to curtail the free movement of people, viewed by the African Development Bank as one of the pillars of regional integration.
Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa
03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export.
2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration
03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme:The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project
03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities.Interview with Seyni Nafo, African Ambassador to COP24
30-Nov-2018 - Spokesperson for Africa at the 2015 Paris climate talks (COP21), Mali’s Seyni Alfa Nafo was also the chief negotiator for all the developing countries within the G77 and China (more than 136 countries) on the issue of increasing the pace of climate action by 2020.Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya
30-Nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP).African Development Bank issues first ever SOFR-linked transaction in green bond market
30-Nov-2018 - On Tuesday 27 November 2018, the African Development Bank rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction.