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Guinea-Bissau’s rice development project receives AfDB support
24-Jan-2017 - Guinea-Bissau’s proposed Rice Value Chain Development Project to be implemented in the Bafata and Oio regions of the country has received the African Development Bank Group’s support with a loan and a grant amounting to US $5.67 million approved by its Board on January 23, 2017 in Abidjan. The funding will be sourced from the African Development Fund (ADF), the concessional arm of the Group.
Enabling direct access to climate finance in Africa
23-Jan-2017 - “Out of US $331 billion of global climate finance flows in 2014, only 3.6% went to Africa. If only 3.6%, despite Africa’s vulnerability to climate change, something must be wrong”. This, according to Luc Gnacadja, Special Representative for the Board of the Local Climate Adaptive Living Facility (LoCAL).
Cameroun : la BAD va contribuer à l’amélioration de la santé des populations de Yaoundé avec un projet d’assainissement de 32 millions de dollars
23-Jan-2017 - La Banque africaine de développement (BAD) a procédé du 15 au 21 janvier 2014 à Yaoundé, au Cameroun, au lancement de la deuxième phase du projet d’assainissement de Yaoundé (“PADY 2”). Financé par le Fonds africain de développement (FAD) du Groupe de la BAD, à hauteur de 20,99 millions d’Unités de Compte (UC) - environ 32 millions de dollars -, ce projet profitera à environ 2 millions de personnes, contribuant notamment à améliorer leurs conditions de santé.
AfDB approves US $20 million for Meridian’s soft commodity value chain operations in Southern Africa
20-Jan-2017 - The African Development Bank has approved 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 to grow their revenues and produce quality crops for export.UN World Data Forum wraps up with launch of Cape Town Global Action Plan for Sustainable Development Data
20-Jan-2017 - The inaugural United Nations World Data Forum concluded Wednesday with the launch of a global plan for better data to improve people’s lives, and new ideas and solutions to boost the collaboration, resources and policies needed to put it into action. The Cape Town Global Action Plan for Sustainable Development Data, which will be adopted by countries at the UN Statistical Commission when it meets in March of this year, was prepared with inputs from the global statistical community and data experts from a wider range of stakeholders.African Development Bank - EUR 1 billion 0.250% 7-year Benchmark Transaction due January 2024
19-Jan-2017 - Final terms of the transaction Issuer African Development Bank, rated Aaa / AAA/ AAA (Moody’s / S&P / Fitch) Principal Amount EUR 1,000,000,000 Pricing Date January 17, 2017 Settlement Date January 24, 2017 Maturity Date January 24, 2024 Re-Offer Price/Yield 99.709% / 0.292%AfDB approves US $1-million humanitarian emergency grant to Tanzania to mitigate effects of earthquake in Kagera region
19-Jan-2017 - People affected by the earthquake which hit the Kagera region, in northwestern Tanzania, in September last year will get some relief from a humanitarian emergency grant approved by the African Development Bank Group’s Board last week. The assistance will help to meet urgent needs of primary and secondary schools in the earthquake affected areas, and restore learning activities. Kagera region in northwestern Tanzania was hit by a 5.9-magnitude earthquake on Saturday, September 10, 2016, resulting in 17 deaths and 440 injured people.
The African Development Bank Group appoints Ousseynou Nakoulima as Director for Renewable Energy and Energy Efficiency
16-Jan-2017 - The African Development Bank is pleased to announce the appointment of Mr. Ousseynou Nakoulima as the Director for Renewable Energy and Energy Efficiency with effect from 1st April 2017. Nakoulima, a Senegalese, holds a Master of Business Administration from Harvard University Business School, USA and Master degrees in Engineering and Applied Mathematics from Ecole Polytechnique and Ecole des Mines in Paris.The African Development Bank Group appoints Anthony Nyong as Director for Climate Change and Green Growth
16-Jan-2017 - The African Development Bank is pleased to announce the appointment of Dr. Anthony Nyong as the Director for Climate Change and Green Growth with effect from 1st January 2017.
The African Development Bank Group appoints Astrid Manroth as Director for Energy Transformative Partnerships
16-Jan-2017 - The African Development Bank is pleased to announce the appointment of Ms. Astrid Manroth as the Director for Energy Transformative Partnerships with effect from 15th February 2017. She joins the Bank from her current position as Managing Director for Sustainable Investments Europe and Africa at Deutsche Bank, Germany.
The African Development Bank Group appoints Wale Shonibare as Director for Energy Financial Solutions, Policy and Regulation
16-Jan-2017 - The African Development Bank is pleased to announce the appointment of Mr. Wale Shonibare as the Director – Energy Financial Solutions, Policy and Regulation with effect from 9th January 2017.
Inaugural UN World Data Forum aims to advance innovative solutions on better data for sustainable development
15-Jan-2017 - The United Nations World Data Forum, taking place from January 15-18, 2017 in Cape Town, South Africa, will spur the exchange of innovative ideas and data solutions through a range of keynote statements, presentations, panel discussions, knowledge sharing and learning spaces, innovation labs, exhibits and digital events.
Africa/France Summit: AfDB President urges action to finance Africa's economic transformation
14-Jan-2017 - Akinwumi Adesina, President of the African Development Bank, has called for improved access to financing to accelerate the transformation of African economies. Speaking before African leaders at the Africa-France Summit which took place in Bamako on January 13-14, Mr. Adesina stressed that Africa can speed up its economic transformation through the Bank’s five main priorities, the “High 5”: “Light up and power Africa”; “Feed Africa”; “Industrialize Africa”; “Integrate Africa”; and “Improve the quality of life of African populations.Swedish firm wins AfDB contract to develop market-friendly Adaptation Benefit Mechanism for climate resilience
13-Jan-2017 - The African Development Bank (AfDB), with support from the Climate Investment Funds (CIF), has awarded a contract to Swedish consulting firm CPMA International to help develop a global Adaptation Benefit Mechanism (ABM).