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Kenya: African Development Bank Group approves $8 million to Credit Bank for SMEs

18-Jul-2019 - 18-Jul-2019 - Abidjan, Côte d’Ivoire, 18 July 2019 –The Board of Directors of the African Development Bank Group on Wednesday approved a $8 million-targeted financing to Kenya’s Credit Bank for lending exclusively to small and medium enterprises (SMEs) in construction, agriculture, renewable energy and manufacturing. The loan, which has a five-year maturity with a two-year grace period, marks the first proposal under the Bank’s new initiative to prop-up SMEs in Africa. Credit Bank is privately-owned and dedicated to propelling SMEs’ growth...

Senegal: African Development Bank lends €60 million to develop value chains through improving water supply

18-Jul-2019 - 18-Jul-2019 - Abidjan, Côte d’Ivoire, 18 July 2019 – On Wednesday 17 July in Abidjan, the Board of Directors of the African Development Bank approved a loan of €87 million to the government of Senegal, to implement its Project to Improve the Water Supply for the Development of Value Chains (PROVALE-CV). For this project, valued at an estimated €122 million, the Bank will provide €60.8 million, while the "Africa Growing Together Fund" (AGTF) will provide €26.8 million. Developed with the support of the Bank, PROVALE-...

La Banque africaine de développement approuve un accord de partenariat avec Attijariwafa bank pour développer le commerce en Afrique

18-Jul-2019 - 18-Jul-2019 - Abidjan (Côte d’Ivoire), le 18 juillet 2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 17 juillet, un accord de participation aux risques (APR) d’un montant de 100 millions d’euros au profit du premier groupe bancaire marocain Attijariwafa bank. Ce programme de partage de risques (50/50), destiné à couvrir un portefeuille de transactions à concurrence de 200 millions d’euros, appuie pour plus d’un milliard d’euros (valeur cumulative) des opérations commerciales étalées sur les...

Guinée équatoriale : la BAD soutient le développement des chaînes de valeur halieutique et aquacole avec plus de 55 millions d’euros

17-Jul-2019 - 17-Jul-2019 - Le Groupe de la Banque africaine de développement (BAD) a approuvé aujourd’hui un financement d’un montant de 55,518 millions d’euros (soit 36,418 milliards de FCFA), en faveur de la Guinée équatoriale, pour la mise en œuvre du « Projet d’appui au développement des chaînes de valeurs du secteur de la pêche et de l’aquaculture (PASPA) ». D’un coût global de 69,968 millions d’euros (soit 45,896 milliards de FCFA), ce financement de la BAD s’inscrit dans le cadre du Document stratégie pays (DSP) 2018-2022. Le projet...

Ethics network unanimously nominates African Development Bank to chair its 2020 conference

16-Jul-2019 - 16-Jul-2019 - Abidjan, Côte d’Ivoire, 15 July 2019 – The Ethics Office of the African Development Bank has been nominated to chair the 12th conference of the Ethics Network of Multilateral Organisations (ENMO) next year, to be hosted by the World Bank, possibly in Washington D.C, USA. The ENMO, consisting of United Nations bodies and international and regional financial institutions, made the unanimous nomination at their 11th conference, held at the headquarters of the European Patent Office in Munich, Germany last week...

African Development Bank Debars Lutoyilex Construct Ltd. and its Managing Director for 36 Months, for Fraudulent Practice

16-Jul-2019 - 16-Jul-2019 - ABIDJAN, Côte d’Ivoire 16 July 2019 - The African Development Bank Group on 16 July 2019, announces the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and its Managing Director, Mr. Bamidele Obiniyi (also known as Mr. Bamidele Abayomi) for a period of 36 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Lutoyilex Construct Limited engaged in fraudulent practice while bidding for a construction contract under the Agricultural...

Africa Investment Forum 2019 : présentation le 23 juillet à Casablanca

15-Jul-2019 - 15-Jul-2019 -   La Banque africaine de développement, en partenariat avec le fonds Africa 50 et la Banque européenne de reconstruction et de développement, organise, le 23 juillet à Casablanca, au Maroc, une présentation de l’Africa Investment Forum, premier marché de l’investissement en Afrique. La 2ème édition de l’Africa Investment Forum se déroulera du 11 au 13 novembre prochains à Johannesburg, en Afrique du Sud. L’an dernier, plus de 38 milliards de dollars d’intentions d’investissement ont été enregistrées à l’occasion...

African Development Bank, African Institute for Mathematical Sciences Next Einstein Initiative sign MOU to strengthen capacity in mathematics and science across the continent

15-Jul-2019 - 15-Jul-2019 - Abidjan, Côte d’Ivoire, 15 July 2019 - The African Development Bank and the African Institute for Mathematical Sciences Next Einstein Initiative (AIMS-NEI), signed a Memorandum of Understanding on Monday to strengthen education, training and research in mathematical sciences in Africa. “Africa must not sit on the sidelines as others create technology and we consume it. If we want to leverage AI and other cutting edge technologies and compete globally, we must train researchers and engineers who create the equations and...

African Development Bank, Global Mechanism of the United Nations Convention to Combat Desertification join forces to strengthen capacity in climate change and land degradation

15-Jul-2019 - 15-Jul-2019 - The African Development Bank and the Global Mechanism of the United Nations Convention to Combat Desertification (GM/UNCCD), in partnership with UN Women, are joining  forces to strengthen the capacity of African stakeholders to tackle climate change. The resolution followed a workshop, hosted at the African Development Bank Headquarters in Abidjan, Cote d’Ivoire, from 10 to 12 July 2019, on the topic of Nationally Determined Contributions (NDC) and Land Degradation Neutrality (LDN). Participants in the workshop...

Call for Abstracts: 6th International Symposium on Knowledge and Capacity for the Water Sector

15-Jul-2019 - 15-Jul-2019 - ABIDJAN, Cote d’Ivoire 15 July 2019 - The African Development Bank is joining the IHE Delft Institute for Water Education, the Asian Development Bank, UN Habitat and other development partners, in preparing the 6th International Symposium on Knowledge and Capacity for the Water Sector, themed: From Capacity Development to Implementation Science. The Symposium will take place from 27-29 May 2020 in Delft, the Netherlands and convene key stakeholders to explore the skills, knowledge and attitudes needed by water professionals...

Angola, African Development Bank and Portugal Sign Lusophone country-specific compact to fast-track private sector investment

15-Jul-2019 - 15-Jul-2019 - © Rodrigo Subtil / Camões, I.P.  L to R: H.E. Teresa Ribeiro, Secretary of State for Foreign Affairs and Cooperation, Alternate Governor for Portugal, Hon. Pedro Luís da Fonseca, Minister of Economy and Planning, Alternate Governor for Angola and Mateus Magala, Corporate Services and Human Resources Vice President and Chair of the Lusophone Compact Steering Committee.   Luanda, Angola, 15 July 2019 –Angola is the latest African Portuguese speaking country to sign a country specific memorandum of...

Africa Investment Forum (AIF)

12-Jul-2019 - 12-Jul-2019 - Africa Investment Forum (AIF): 7-9 November, 2018, Johannesburg, South Africa   The African Development Bank’s innovative marketplace dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals. Bringing together pension funds, sovereign wealth funds, private investors, policy makers, private equity firms, and heads of government. The Africa Investment Forum is a co-guarantee and co-financing platform to raise capital and accelerate investment to...