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2018 African Economic Conference to focus on innovative solutions to impediments to Africa’s regional and continental integration

03-Dec-2018 - The 2018 African Economic Conference (AEC) will take place at the Kigali Marriott Hotel, KN 3 Avenue, District de Nyarugenge, Conference Center, in Kigali, Rwanda from December 3-5, 2018, on the theme: 

African Economic Conference 2018 focusses on Africa Visa Openness and integration

03-Dec-2018 - For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations of being refused entry to a country because of visas, the end result is to curtail the free movement of people, viewed by the African Development Bank as one of the pillars of regional integration.

Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa

03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export.

COP24 La Banque africaine de développement présente en force au rendez-vous mondial pour le climat

03-Dec-2018 - À la pointe de la lutte contre le changement climatique en Afrique, la Banque africaine de développement sera présente cette fois encore au Sommet mondial pour le climat, dite COP24 qui, cette année, se tient à Katowice, en Pologne, du 3 au 14 décembre 2018.

Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya

30-Nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP).

African Development Bank Staff Council and Lion Club clean up flood-hit Ivorian community

30-Nov-2018 - Decked In rubber boots, gloves, masks, and aprons, staff of the African Development Bank joined forces with members of Lion's Club Strelitzia Abidjan on Thursday to clean up Attecoube - an Abidjan neighborhood that suffered from devastating floods early this year. Last June, a devastating flooding in Abidjan and environs left deaths and destruction in its wake.  Roads were degraded and houses destroyed.  Debris littered schools, homes, roads and gutters, leading to environment and health concerns. 

South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa

30-Nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating carbon dioxide (CO₂) emissions from...

PIDA Week 2018: Experts weigh Africa’s infrastructure needs against rapid urbanization and growing population

29-Nov-2018 - Experts attending this year’s Africa infrastructure conference say the continent needs to accelerate its infrastructure development to match the continent’s growing population and rapid urbanization to achieve development goals. The experts from multilateral development institutions observed that with rapid urbanization and a tenfold increase in water needs for energy production, there is an urgent need to mobilize more financial and technical resources for infrastructure projects and plans, to support the continent’s economic development...

COP24: Progress on Article 6 of the Paris Agreement

29-Nov-2018 - The Paris Climate Agreement in 2015 was by far the most ambitious effort yet made to strengthen the global response to the increasingly urgent challenges of climate change, with headline commitments to limiting global warming to below 2°C above pre-industrial levels and to make efforts to limit the temperature increase to 1.5 °C.