News & Events
04/01/2017 - The AfDB publication, “The Role of Nascent Entrepreneurship in Driving Inclusive Economic Growth in North Africa”, analyses the role of nascent entrepreneurship in driving inclusive growth in North Africa. Inclusive growth is economic growth that allows vulnerable population (poor, women, youth), to participate in, contribute equally to, and benefitting from economic growth. The vulnerable population can participate in economic growth through the private sector in two ways, including as employees (job creation) or as business owners (entrepreneurship).
19/12/2016 - The African Development Bank, on 19th December 2016, signed a loan of US$ 500 million to finance the Egypt Economic Governance and Energy Support Program Phase II. The loan, which was approved by the Bank’s Board of Executive Directors on 13th December 2016, is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.
15/12/2016 - The Board of Directors of the African Development Bank (AfDB), has approved a loan of US$ 500 million to finance Egypt’s economic governance and energy support program phase II. The loan is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.
07/12/2016 - Participants at the ongoing 11th African Economic Conference in Abuja advocated for measures that will guarantee women access to land and promote women’s land rights in rural communities of Africa.
Speakers at a Monday session on land at the annual conference, which is co-organized by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and United Nations Development Programme (UNDP), insisted that since women contribute largely to agricultural productivity, it is imperative that their interests regarding land rights are secured.
02/12/2016 - La Banque africaine de développement (BAD) et la Mauritanie ont signé, le 30 novembre 2016 à Abidjan, des accords de financement totalisant 9,2 millions de dollars américains, prêt et don cumulés. C’est une grande première, puisqu’il s’agit là du tout premier appui budgétaire de la Banque à la Mauritanie. Ce financement servira à la première phase du Programme d’appui aux réformes économiques et à la diversification de l’économie (PAREDE I) du pays.
30/11/2016 - The African Legal Support Facility (ALSF) Management Board met in Abidjan, Côte d’Ivoire to provide strategic guidance for the ALSF’s planned future direction and operations. The meeting was held under the leadership of the new Chairman, Seward Cooper, and focused on a number of items, namely the ALSF’s financial statements as of September 2016, the work plan and budget for 2017, the report on the review of the Medium Term Strategy (MTS) 2013–2017 as well as progress on the implementation of projects.
16/11/2016 - The Board of Directors of the African Development Bank (AfDB) has approved a US $10-million equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa
02/11/2016 - Executive Directors of the African Development Bank (AfDB) on Wednesday, November 2, 2016 approved a US $600-million loan, being the first tranche of a US $1-billion budget support loan to help finance Nigeria’s Economic Governance, Diversification and Competitiveness Support Program (EGDCSP). The last tranche of US $400 million will be approved in 2017.
28/10/2016 - Côte d’Ivoire has joined the Partnership on Illicit Finance. The announcement was delivered by Fiacre Adopo, Adviser to the Minister of Budget, who represented the Ivorian Government during a workshop on tackling corruption, illegal trade and other forms of illicit financial flows (IFF), hosted by the African Development Bank (AfDB).
28/10/2016 - New guidance from the African Development Bank and the Organisation for Economic Cooperation and Development will help African companies of all sizes set up measures to prevent bribery and improve the quality of corporate compliance and anti-bribery policies.