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African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

05-Nov-2019 - The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance.

Africa can be world’s next economic hub if supported with right policies – Singapore’s Senior Minister tells lecture audience

05-Nov-2019 - With the right policies and linkages, Africa can become an indispensable global economic hub, Singapore’s Senior Minister Tharman Shanmugaratnam noted Tuesday, commending the continent’s diverse economic potential. Delivering this year’s Kofi A. Annan Eminent Speakers’ Lecture series at the African Development Bank headquarters in Abidjan, Shanmugaratnam outlined five strategies which must underpin the continent’s transformation drive and efforts to build inclusive growth.

Agribusiness: Africa’s New Investment Frontier

05-Nov-2019 - In the past decade, a stroll along the aisles of any African supermarket is revealing: there is a new wave of home-brewed brands that are fast becoming household names. Products like Dangote rice from Nigeria, Akabanga pepper oil from Rwanda and Tomoca coffee from Ethiopia attest to the gradual but persistent evolution towards greater agro-processing and value addition in the domestic agriculture sector.

Why global and pan African investors need to set their sights on the 2019 Africa Investment Forum

05-Nov-2019 - The year 2019 will be one of the defining moments in Africa’s investment landscape. Bigger, bolder and more ambitious projects await delegates and investors as we prepare to kick off the second edition of the Africa Investment Forum. A multi-billion-dollar petrochemical project in Egypt and the Kigali Innovation City Project in Rwanda, are only two of the projects which featured during the maiden edition of the Forum held in November last year.

Zimbabwe: African Development Bank and World Food Programme seek closer collaboration to improve livelihoods

04-Nov-2019 - African Development Bank and World Food Programme (WFP) teams in Zimbabwe held a two-day workshop on 28 and 29 October 2019 to explore ways of consolidating efforts in aid of the country’s socio-economic development.

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

04-Nov-2019 - Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and programs that will constitute the initiative, which is being developed by the countries with support from the African Development Bank, the European Union and the World Bank.

African Development Bank President Akinwumi Adesina Receives Honorary Doctorate from Bowen University

04-Nov-2019 - The President of the African Development Bank, Akinwumi Adesina, has been awarded an Honoris Causa from Bowen University in Nigeria. The award, which was presented at the 14th graduation ceremony of the University held on November 2, 2019, was in recognition of Adesina’s “immense contribution to promoting entrepreneurship on the African continent.” For almost a decade, African youth have continued to benefit from Adesina’s passion for innovation in agriculture as well as other market drivers.

Singapore’s Senior Minister Tharman Shanmugaratnam to deliver Kofi A. Annan Eminent Speakers’ Lecture Series

04-Nov-2019 - What: 2019 Kofi A Annan Eminent Speakers’ Lectures Who: Tharman Shanmugaratnam, Senior Minister of Singapore When: 5 November 2019, 10:00 Where: Babacar N’diaye Auditorium, African Development Bank HQ, Abidjan, Cote d’Ivoire   The African Development Bank will host Singapore’s Senior Minister Tharman Shanmugaratnam as the Special Guest Speaker of the Kofi A. Annan Eminent Speakers’ Lecture Series taking place on Tuesday, 05 November 2019.

‘Today is a day of joy for Africa’ - African Development Bank celebrates historic capital increase

01-Nov-2019 - The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced.

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

31-Oct-2019 - The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the African Development Bank Board of Governors in Abidjan.

African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support

31-Oct-2019 - Bank's capital base more than doubles. Jumps from $93 billion to $208 billion Largest capital increase in the Bank's history signals a united front by shareholders At an extraordinary shareholders’ meeting today in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.

Tchad: La Banque africaine de développement œuvre en faveur de l’éducation des filles

30-Oct-2019 - La Banque africaine de développement et le gouvernement du Tchad ont célébré, vendredi 25 octobre à N’Djamena, la restitution des travaux de rénovation du lycée féminin bilingue d’Amriguébé.

Modernizing African agriculture: Tunisia’s drone project shows the way

30-Oct-2019 - A workshop in Tunis organised by the African Development Bank last week followed on the heels of on a pilot project on the use of drones to boost agricultural productivity in Sidi Bouzid, in the central region of Tunisia. The aim of the workshop was to share knowledge and best practices for the introduction of drones in agriculture, drawing on the experience of the pilot project, with more than 150 participants from the public and private sectors.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

30-Oct-2019 - Who:              Board of Governors of the African Development Bank Group What:             5th extraordinary meeting of the Board of Governors Where:           Abidjan, Hotel Ivoire, Côte d’Ivoire When:            31 October 2019  

Nigeria country office of the African Development Bank launches jobs report

30-Oct-2019 - The Nigeria country office of the African Development Bank on 28 October 2019 launched the Bank’s ‘Creating Decent Jobs: Strategies, policies and instruments’ report in Nigeria. The report, first launched last month in Abidjan, cites growth in the African labour force as the fastest globally. However, successive years of robust macroeconomic policies, which have aided the remarkable economic growth rates for nearly two decades, have not created the jobs required to absorb the increasingly growing labour market entrants or led to sufficient...

Plaidoyer pour une intégration économique de l’Afrique

29-Oct-2019 - NOUS vivons dans cette ère de la complexité où les évidences elles-mêmes, ont besoin de démonstration pour être acceptées. Certains points de vue, portés par des préjugés tenaces et une vision monolithique, ont cette fâcheuse tendance à présenter l’Afrique comme un même pays, ayant une même culture. Au-delà de la vision simplificatrice et idyllique, nous voudrions ne retenir de ces points de vue, que le rêve qu’ils permettent de nourrir : celui de voir tous les pays du continent parfaitement intégrés dans une seule et même entité mais riche de...

Angola: African Development Bank approves $165 million for economic diversification

29-Oct-2019 - The Board of Directors of the African Development Bank Group on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to restore the country’s macroeconomic stability. The Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures to improve human and social development to restore fiscal balance after the economy was hit by a global slump in oil prices and repeated droughts.

African Development Bank, New Development Bank partner to deliver life-changing projects for millions of Africans

28-Oct-2019 - The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development bank established by BRICS countries of Brazil, Russia, India, China and South Africa – will work with the African Development Bank to jointly identify, prepare and co-finance projects in countries of mutual interest.

La Banque africaine de développement soutient l’économie de la mode en Afrique

25-Oct-2019 - La Banque africaine de développement, a organisé la quatrième édition des Masterclass Fashionomics Africa, du 16 au 17 octobre à Abidjan, en collaboration avec i-Hub Abidjan, Afreximbank, Suguba, Google Digital Skills for Africa, Kinaya Ventures. L’événement ciblait les entrepreneurs du textile, de l'habillement et des accessoires de mode.

2019 African Economic Conference in Sharm el-Sheikh to foster jobs, entrepreneurship and capacity development for African youths

24-Oct-2019 - What: African Economic Conference Who: African Development Bank, Economic Commission for Africa, United Nations Development Programme When: 2-4 December 2019 Where: Sharm el-Sheikh, Egypt   The 2019 African Economic Conference (AEC), the leading platform for networking, dialogue and knowledge-sharing on pertinent issues facing Africa, will take place 2-4 December 2019 in Sharm el-Sheikh, Egypt.