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UNGA 2019: African Development Bank to help boost climate change adaptation funding to $12.5bn

25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday pledged to boost funding commitments by $12.5bn to help countries adapt to the effects of climate change between 2020 and 2025. Addressing UN talks on climate change adaptation, Adesina said the Bank was doubling commitments to climate finance to $25bn for the five-year period, half of which would fund climate adaptation.

UNGA 2019: Women are “Africa’s tigers” says Congolese First Lady as African Development Bank touts $3bn fund

25-Sep-2019 - African women are on the cusp of securing gender equality. “We are convinced that the moment for African women has now come,” said Antoinette Sassou Nguesso, the First Lady of the Republic of Congo. Nguesso made the remarks on Tuesday at a meeting of the Organization of African First Ladies for Development (OAFLAD) on the sidelines of the UN General Assembly. “The tiger doesn’t claim its tigerhood, and it has to act like a tiger,” Nguesso, president of OAFLAD, said in French via an interpreter.

UNGA 2019: No room for coal in Africa’s renewable future: Akinwumi Adesina

25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday.  Addressing a gathering of leaders and officials from almost 200 countries in New York, Adesina outlined efforts to shutter coal-fired power plants and build the "largest solar zone in the world" in the arid Sahel belt.

UN General Assembly 2019: Scaling Up Nutrition Lead Group meets to chart way forward

25-Sep-2019 - “Energy, passion and a lot of young people who care about nutrition” will underpin the Scaling Up Nutrition (SUN) Movement’s newest phase, alongside stronger private sector engagement, members of the Lead Group heard on Tuesday. The meeting of the group’s leaders took place at the UNICEF headquarters in New York on the sidelines of the UN General Assembly. The participants met to decide on the continuation of the SUN Movement into its third phase (2021-2025) and to make commitments to achieve its key objective – to eliminate all forms of...

Sénégal : la Banque africaine de développement approuve plus de 22 millions d’euros à la BNDE pour soutenir les PME et la création d’emplois en zone rurale

25-Sep-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mardi 24 septembre à Abidjan, une ligne de crédit de 22,5 millions d’euros, dont 15 millions de ressources de la Banque et 7,5 millions de ressources de Africa Growing Together Fund (AGTF: Fonds de cofinancement Banque africaine de développement et Banque Populaire de Chine), pour soutenir la Banque nationale pour le développement économique (BNDE) du Sénégal.

African Development Bank at the 2019 United Nations General Assembly

24-Sep-2019 - For more on the African Development Bank at UNGA2019, click here

UN Climate Action Summit: High Level MDB Statement

23-Sep-2019 - Multilateral Development Banks have been at the forefront of supporting our clients’ efforts to pursue ambitious climate action for more than a decade. In light of growing climate change impacts, including on the poorest and most vulnerable, each of our institutions is taking urgent action to help our clients adapt to and mitigate climate risks. These actions include:   ACTION 1: Each institution has individually committed to support increased climate finance levels over time: 

Can Africa Afford to ‘Strand’ its Fossil Fuels?

23-Sep-2019 - In recent years, “stranded assets” have attracted a lot of interest, as climate-driven changes to our physical environment amplify the calls for a seamless transition to low-carbon pathways. More than 185 countries have agreed to leave two-thirds of proven fossil fuels in the ground, in order to meet the Paris Agreement climate target of keeping global warming below 2 degrees Celsius.

G5 Sahel : la Banque africaine de développement mobilise près de 270 millions de dollars pour renforcer les infrastructures et la résilience de la région

23-Sep-2019 - A l’issue de la réunion de suivi des annonces (de financement) du « Groupe de Nouakchott », la Banque africaine de développement a annoncé apporter 267 millions de dollars américains pour financer la réalisation des projets du Programme d’investissement prioritaire (PIP) du G5 Sahel. Cette réunion avait pour objectif d’effectuer le suivi des engagements donnés en faveur du PIP à l’occasion d’une conférence entre le G5 Sahel et ses partenaires, tenue fin 2018 à Nouakchott. Une rencontre qui a permis de recueillir des annonces de financement d’...

UN, African Development Bank High-Level Meeting Calls for Speed and Action on SDGs

23-Sep-2019 - With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective action and the need for greater collaboration between the United Nations and the African Development Bank to fast-track Africa’s development.

Geneva: “Mining in a Changing Climate” Forum: African Development Bank to tackle policy implications

20-Sep-2019 - The African Development Bank, through its African Natural Resources Centre, will take part in the 15th annual general meeting of the intergovernmental forum on mining, minerals, metals and sustainable development. The meeting will take place from October 7 to 11 2019, at the Palais des Nations in Geneva, Switzerland. Themed “Mining in a Changing Climate,” the forum is a unique opportunity to engage with governments from over 70 forum member nations, and representatives from the private sector, multilateral organisations, civil society and...

South Sudan: Bank approves $17.7 million for first education project

20-Sep-2019 - The Board of the African Development Bank approved a proposal for $17.7 million on 5 September, 2019 to finance the first social sector project in South Sudan since the Bank’s engagement in the country in 2012. The project will increase access to improved basic education for children in the Upper Nile, Unity, Jonglei and Eastern Equatoria states and regions.