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“News with a human face” in focus at African Development Bank and Thomson Reuters Foundation workshop for African journalists10-Nov-2019 - “The training opened my eyes to see Africa as it is, and not as it is portrayed in the media,” said Thando Magudulela, a journalist with the South African Broadcasting Corporation, at the opening of the second edition of a reporting workshop hosted by the African Development Bank in South Africa. Following the successful first edition in Abidjan last June, the African Development Bank and the Thomson Reuters Foundation organised the next phase of its collaboration from 6-8 November 2019, in Pretoria.
Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm10-Nov-2019 - The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South Africa. The multi-stakeholder transactional marketplace is aimed at raising capital, advancing projects to bankable stage and accelerating financial closure of...
Increased private sector engagement is critical to move the needle on Africa’s infrastructure financing: Pierre Guislain, Vice-President for Private Sector, Infrastructure and Industrialisation, African Development Bank10-Nov-2019 - The numbers tell the story. Africa’s infrastructure needs currently amount to a whopping $130 to $170 billion per year with a financing gap of $68 million to $108 billion. While this may sound insurmountable, it also presents an opportunity to foster innovative financial solutions and partnerships that have the potential to unlock funding.
Free-to-air Broadcast live television feeds from the 2019 Africa Investment Forum, South Africa 11-13 Nov, 201909-Nov-2019 - Who: The African Development Bank in collaboration with Gauteng Province and the South African Government What: Africa Investment Forum Where: Sandton Convention Centre, Johannesburg, South Africa When: 11-13 November, 2019
Why the Africa Investment Forum matters for the continent’s energy transformation: - Wale Shonibare, Acting Vice-President, Power, Energy, Climate Change & Green Growth, African Development Bank09-Nov-2019 - The African Development Bank’s New Deal on Energy for Africa underlines the urgency to power the continent in order to end energy poverty, catalyze industrialization, and stimulate socio-economic growth. The strategy is grounded in the recognition that access to reliable, affordable and sustainable energy is central to Africa’s development, and lifting populations out of poverty.
Cameroun : la Banque africaine de développement prête 18 millions de dollars pour renforcer la gestion des finances publiques08-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son accord, mercredi 6 novembre, pour un prêt de 18,1 millions de dollars américains du Fonds africain de développement en faveur des finances publiques du Cameroun. Cet appui financier, pour la mise en œuvre du Projet d’appui au renforcement de la gestion des finances publiques (PARGEFIP), doit contribuer à améliorer la performance, l’intégrité et la transparence dans la gestion des finances publiques.
07-Nov-2019 - What: 2019 Africa Investment Forum: pre-event press briefing Who: African Development Bank and Partners When: 8 November 2019, 3:30pm Where: South Africa Regional Development and Business Delivery Office, 339 Witch-Hazel Ave, Eco-Park Estate, Centurion, 0144 The objective of the press conference is to brief journalists ahead of the 2nd edition of the Africa Investment Forum. Background:
African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility05-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.
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.
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.
Africa can be world’s next economic hub if supported with right policies – Singapore’s Senior Minister tells lecture audience05-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.
Singapore’s Senior Minister Tharman Shanmugaratnam to deliver Kofi A. Annan Eminent Speakers’ Lecture Series04-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.
Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards04-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.
Zimbabwe: African Development Bank and World Food Programme seek closer collaboration to improve livelihoods04-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.
African Development Bank President Akinwumi Adesina Receives Honorary Doctorate from Bowen University04-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.
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'Ivoire31-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 support31-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.
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...
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.