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African Development Fund Board approves US$149 million credit risk participations by the Private Sector Credit Enhancement Facility in seven private sector operations targeting low-income countries.
19-Dec-2018 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on 14 December 2018, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at US$149 million. Launched in 2015 by the ADF, the PSF provides credit risk participations in private sector operations of the African Development Bank in low-income countries, and is on its way to building a US$1.5 billion portfolio of exposures.
Tricky challenges: getting adaptation funds to the people who need them
19-Dec-2018 - 70% of the African population rely on land and agriculture for their livelihoods. Yet the land and water that farmers work on to produce crops, fish and livestock is at more risk from climate shocks than any other continent.African Development Bank: African Education Fund will boost innovation, economic transformation
19-Dec-2018 - The African Development Bank is keeping higher education, science and technology at the top of its development agenda as it backs a proposed African Education Fund (AEF) which seeks to provide strategic support for more efficient and effective education systems across Africa. The Bank reiterated its commitment to “bridging the current education funding gap and providing quality education in Africa” during a Science and Technology Summit of Heads of State, held in Malawi in November 2018.Lutter contre le changement climatique en Afrique: Gérer les risques liés aux émissions de CO2 et relever les ambitions des pays
19-Dec-2018 - Lors du dernier jour de la Conférence des Nations unies sur les changements climatiques (COP24), vendredi 14 décembre 2018, la Banque africaine de développement a organisé en son Pavillon une table ronde sur la gestion des risques liés aux émissions de dioxyde de carbone par les pays exploitant des combustibles fossiles.
Africa must not be short-changed by climate finance, says expert panel at COP24
18-Dec-2018 - Climate change presents a US$3 trillion investment opportunity in Africa by 2030 – and the private sector will be key to green investment and development, Barbara Buchner, one of the top 20 influential women in climate change, has said. ,Côte d’Ivoire – Près de Man, 60 villages sont désormais connectés au réseau électrique
18-Dec-2018 - Soixante villages du département de Man, dans la région du Tonkpi en Côte d’Ivoire, sont sortis des ténèbres dans le cadre du volet d’électrification rurale du Projet de renforcement des réseaux de transport et de distribution(PRETD) financé à hauteur de 137,82 millions d’euros par le Groupe de la Banque africaine de développement.The African Legal Support Facility receives €4 million from Germany
18-Dec-2018 - The African Legal Support Facility (ALSF) and KfW Development Bank have signed an agreement to extend a €4 million grant from the Federal Republic of Germany through KfW to the Facility. This assistance builds on a 2016 Memorandum of Understanding between the two institutions under which ALSF was given a grant of €5 million.
Curtain falls on COP24 in Poland: African Development Bank more resolute than ever to fight against climate change in Africa
18-Dec-2018 - The curtain has fallen on COP24, this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement on specific parts of the 'rulebook' to be applied from 2020 by the 197 signatories of the Paris Agreement, to limit global warming to 2°C-1.5°C relative to pre-industrial levels.
Cabo Verde: African Development Bank to strengthen support to private sector
18-Dec-2018 - The African Development Bank will triple its support to Cabo Verde, the Bank announced during the country’s International Donors Conference and Investment Forum in Paris, on the theme: “Building New partnership for Sustainable Development of Cabo Verde”.Le Conseil d’administration de la Banque africaine de développement approuve le programme d’emprunt de la Banque pour 2019
18-Dec-2018 - Le Conseil d’administration de la Banque africaine de développement a approuvé le programme d’emprunt de 2019 pour un montant maximum de 7,24 milliards de dollars américains à mobiliser sur les marchés de capitaux.African Development Bank invests US$7.5 million in Africa Tech Ventures to boost innovative start-ups
18-Dec-2018 - The Board of Directors of the African Development Bank has approved a US$7.5 million equity investment in Africa Tech Ventures (ATV) to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare. The equity investment is part of the Boost Africa Investment Program, a joint collaboration between the Bank, the European Commission (EC) and the European Investment Bank (EIB), which has already committed US$...
Ghana’s First Lady Joins Network of African Leaders for Nutrition Champion
17-Dec-2018 - The African Leaders for Nutrition on Monday inaugurated Ghana’s first lady Rebecca Akufo-Addo as a Nutrition Champion, acknowledging her work and commitment to sound nutrition and the wellbeing of mothers and infants.
Nairobi hosts talks to boost seed and agricultural production in Eastern and Southern Africa
17-Dec-2018 - Leading organizations in agricultural policy, trade, and technology transfer met in Nairobi from 13 -14 December 2018 to identify bottlenecks in the implementation of harmonized seed regulations within the Eastern and Southern Africa region and develop an action plan towards eliminating challenges.
Green Enterprises are the future to a climate-resilient Africa
17-Dec-2018 - With only one day remaining of the UN Climate summit COP24 in Poland, countries are still negotiating how the Paris Agreement should be implemented, and developing a detailed rulebook that will limit the rise in the global temperature to below 2 degrees, and thus avoid catastrophe.
Private sector is the key to Africa’s green economic transformation
17-Dec-2018 - The private sector is key to mobilising green investment and sustainable development in Africa. Climate change presents a US$3 trillion investment opportunity in Africa by 2030. 75% of the investment is expected to come from the private sector to complement public sector financing. This calls for innovative approaches to attract and steer financial flows consistent with a pathway towards low-carbon and climate-resilient development.African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries
17-Dec-2018 - The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations in 2006. The AWF received the commendation at the 18th meeting of the Governing Council of the Facility, held 6-7 December 2018 in Abidjan, Cote d’Ivoire.Sudan: African Development Bank approves US$75 million to DAL Group Co. Ltd to transform country’s food and agriculture
17-Dec-2018 - The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to US$75 million to DAL Group Co. Ltd – one of Sudan’s largest food and agriculture business groups. The investment, approved on 13 December 2018, will support the expansion of the company’s vertically integrated food and agriculture operations to transform the Sudanese agriculture and food industry.Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water
17-Dec-2018 - The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services. The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate of 45% − a figure that is way below the national average of 85%.