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Nigeria: African Development Bank extolls Chinese commitment to Africa, explores potential partnerships with investors

08-Aug-2019 - 08-Aug-2019 - Abuja, Nigeria - 8 August 2019: The African Development Bank in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) across Africa. The Bank delegation, led by Professor Banji Oyelaran-Oyeyinka, the senior special adviser on industrialisation to the African Development Bank’s President, paid a courtesy call to Nigeria’s Vice President, Professor Yemi Osinbajo, who assured the consortium of the...

AU, African Development Bank sign $4.8 million grant earmarked for continental free trade secretariat

06-Aug-2019 - 06-Aug-2019 - The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy. Albert Muchanga, AU’s Commissioner for...

African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor

06-Aug-2019 - 06-Aug-2019 - Addis Ababa, Ethiopia, 5 August 2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project. The agreement was signed by Ahmed Shide, the Minister of Finance, on behalf of the government of Ethiopia, and Abdul Kamara, the African Development Bank Group’s country manager in Ethiopia. The total cost of the project is $255 million, comprising an ADF...

Egypt: African Development Bank, African Export-Import Bank roadshow launches preparations for 2nd Africa Investment Forum

06-Aug-2019 - 06-Aug-2019 - Cairo, Egypt, 6 August 2019: The African Development Bank and the African Export-Import Bank (Afreximbank) held a roadshow in Cairo to launch preparations for the second Africa Investment Forum taking place in Johannesburg, South Africa, 11 - 13 November 2019. The Africa Investment Forum aims to raise capital for transformational investment opportunities across Africa. Addressing the roadshow, Dr. Sahar Nasr, Egypt’s minister of investment and international cooperation, said that the Egyptian investment opportunities...

Namibia hails milestone as it launches expanded Walvis Bay Port

05-Aug-2019 - 05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation. Geingob officially launched the refurbished harbour on 2 August 2019, together with Gerson Hinda, Chairperson of the Board the Namibian Port Authority (Namport) and Noel Kulemeka, Operations Manager of the Southern Africa office of the African Development Bank, representing Akinwumi A. Adesina, the Bank’s President. “What we are witnessing today is thus a culmination of a long-...

Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work

05-Aug-2019 - 05-Aug-2019 - Johannesburg, South Africa, 31st July 2019 – The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st...

Madagascar : Transformer le pays en plateforme commerciale régionale avec la Banque africaine de développement

05-Aug-2019 - 05-Aug-2019 - Abidjan, Côte d’Ivoire, le 5 août 2019 - La Banque africaine de développement organise, du 5 au 7 août 2019, à Madagascar, un atelier de lancement du Projet d’aménagement de corridors et facilitation du commerce (PACFC). Cet atelier veut examiner avec le gouvernement malgache, les dispositions nécessaires à la mise en œuvre du projet, signé en décembre 2018. Le projet, d’un montant total de 156 millions de USD, est cofinancé à hauteur de 90 millions de dollars par un prêt du Fonds africain de développement et 45 millions de...

Maroc : La Banque africaine de développement renforce son engagement avec la Société civile d’Afrique du Nord

02-Aug-2019 - 02-Aug-2019 - Abidjan, Côte d’Ivoire, le 25 juillet 2019 - La Banque africaine de développement (BAD) a organisé à Marrakech, du 25 au 28 juillet 2019, la deuxième Université d’été des jeunes leaders de la Société civile africaine sur le thème « Jeunes, innovation et développement en Afrique ». L’événement était porté par la Division société civile et engagement communautaire...

Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures

02-Aug-2019 - 02-Aug-2019 - Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires. Sélectionnée après un processus compétitif de candidature en ligne, la centaine de participantes a eu l’opportunité de se familiariser avec les meilleures pratiques en matière de...

African Development Bank helps power wind of change in Kenya

01-Aug-2019 - 01-Aug-2019 - Africa’s largest wind farm, a €620 million energy masterpiece boosting 365 turbines in northern Kenya, will help the East African nation stay on track to reach its target of 100% green energy by 2030. Known as the Lake Turkana Wind Power, the 40,000 acre wind farm will generate around 310 megawatts of power to the national grid, enough to light up over 300,000 households.   The winds sweeping the area start in the Indian Ocean and are channeled through the “Turkana corridor” created by Ethiopian and Kenyan...

African Development Bank’s support of electrification changes habits and lightens the load for Guineans

31-Jul-2019 - 31-Jul-2019 - For over a year in Conakry, the Guinean capital, and in several other major towns and rural areas in the country, habits have changed.  Like many of her compatriots, Arama Sire Camara, a fruit and vegetable seller in the province of Kindia (135 km from Conakry) is now much more confident and happy carrying on her business day and night. “With lighting on the road at night and illuminating our goods, it means we are safer, especially with all the cars on the road. You can work for longer after nightfall, and so we can...

World Hepatitis Day: WHO urges bolder commitment, resources for 2030 elimination target

30-Jul-2019 - 30-Jul-2019 - Marking this year’s annual World Hepatitis Day on 28 July, the World Health Organization has called for increased financing for hepatitis prevention, testing, treatment, and care services in the context of universal health coverage (UHC). The theme, “Invest in eliminating hepatitis” highlights new research indicating that about $6 billion in investments is required annually to resource the health sector to achieve global elimination targets by 2030. Today, more than 325 million people live with viral hepatitis B and C,...