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The Gambia awarded US $1.5 million to undertake a sweeping Strategic Program for Climate Resilience
01-Jun-2016 - With support from the African Development Bank (AfDB), The Gambia has been granted US $1.5 million under the Climate Investment Funds’ Pilot Program for Climate Resilience (CIF PPCR) to prepare a national Strategic Program for Climate Resilience (SPCR). Through the SPCR, the country will develop a double-edged set of solutions for its climate vulnerability, identifying programs to implement resilience actions while at the same time reducing barriers that exacerbate climate vulnerability.
Call for Papers - African Economic Conference 2016: “Feeding Africa: Towards Agro-Allied Industrialization for Inclusive Growth”
01-Jun-2016 - Jointly organized by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), the African Economic Conference (AEC) 2016 will take place in Abuja, Nigeria, from December 5 to 7, 2016 under the following theme: "Feeding Africa: Towards Agro-Allied Industrialization for Inclusive Growth.AfDB, Malawi ink US $1-million humanitarian assistance grant agreement
31-May-2016 - The African Development Bank and the Government of the Republic of Malawi signed a grant agreement for a humanitarian emergency assistance to mitigate the effects of the 2015 floods and El Niño in 2016. The signing ceremony was hosted by Kapil Kapoor, AfDB Acting Vice-President, Sector Operations, during the institution’s Annual Meetings held in Lusaka, Zambia.
Bank Group hosts 7th Debt Management Facility Stakeholders’ Forum
31-May-2016 - The African Development Bank Group is hosting the 7th Debt Management Facility (DMF) Stakeholders’ Forum on May 30-31, 2016 in Lusaka, Zambia, on the heels of the Bank’s 2016 Annual Meetings. More than 100 delegates are attending the forum. The Bank’s delegation, comprising colleagues from various departments, is led by Charles Boamah, Vice-President, Finance.
Japanese investors and partners recognize huge potential of African continent
28-May-2016 - The challenges facing Africa shouldn’t be recognized with pessimism, but must be seen as investment opportunities, says the Head of the Africa Development Bank’s (AfDB) External Representative Office for Asia, Tadashi Yokoyama. Speaking at the “Japan-AfDB Forum: Energy Access and Quality Infrastructure in Africa – Towards TICAD VI” at the AfDB Annual Meetings in Lusaka, Zambia, on Wednesday, May 25, 2016, Yokoyama said the potential of Africa is enormous.Africa should take the lead in reducing industrial emissions, panel hears
28-May-2016 - The African Development Bank (AfDB) has challenged Africa to take the lead in implementing strategies to effectively end carbon emissions in the global process of manufacturing goods. AfDB Group Compliance and Safeguards Division Manager Anthony Nyong said, while the continent was the lowest contributor to the total global industrial emissions, it was the most impacted by the effects of air pollution.AfDB reaffirms supporting climate resilient and low-carbon development in Africa
28-May-2016 - The African Development Bank has reaffirmed its commitment to mobilize resources to help African countries adopt and mitigate climate change. This commitment underpins its 2013-2022 Strategy promoting inclusive and green growth in Africa. Almost US $7 billion has been committed to projects in support of climate resilient and low-carbon development in the past four years.African governments urged to shift policy in the energy sector
28-May-2016 - African governments have been called upon to consider shifting policy in the energy sector by investing in industrialisation and providing subsidies on electricity for people in rural areas who are extremely poor. African Management Services Company (AMSCO) Chairperson Ali Mufuruki said governments should consider making a shift in policy for energy by providing subsidies for poor people to allow them to have access to energy.
AfDB’s High 5s agenda gets backing from African Civil Society Organizations at closure of 2016 Annual Meetings
28-May-2016 - African Civil Society Organizations (CSOs) have announced, in a joint statement, that they will closely work with and support the African Development Bank in delivering the 'High Five' agenda unveiled by President Akinwumi Adesina at the 2016 Annual Meetings in Lusaka.Partnership to address infrastructure challenges in Africa
28-May-2016 - Three international firms have partnered to help address infrastructure challenges in Africa through investments in equity projects. The firms, General Electric Africa (GE), Mara Group and Atlas Merchant Capital, will invest in infrastructure projects including energy, rail, among others, in a quest to stimulate the continent’s economic potential through infrastructure development.
AfDB President pledges to support African Civil Society Organisations’ advocacy
27-May-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has pledged the Bank's support to African Civil Society Organisations (CSOs), noting that its advocacy has become critical in the light of the Bank's accountability and transparency culture.
An evening of culture imbued with Bantu community spirit
27-May-2016 - The banquet hall in the sprawling Government Complex in Lusaka was full for the evening of culture organised on Thursday, May 26 for delegates attending the African Development Bank’s Annual Meetings. The evening was hosted by the Zambian Government, represented by Alexander B. Chikwanda, Minister of Finance of the Republic of Zambia, and his guest-of-honour, Akinwumi Adesina, President of the AfDB Group.
Partnership on Illicit Finance Launch Event
27-May-2016 - Members of the Partnership on Illicit Finance (PIF) met alongside the African Development Bank at the Bank’s Annual Meetings in Lusaka, Zambia, to publish national action plans to combat illicit finance, review member countries’ priorities for addressing illicit finance stemming from corruption and other criminal activities, and share experiences with countries interested in joining the Partnership.La Révolution solaire en marche au Sud et à l’Est de l’Afrique
27-May-2016 - Les opérateurs de l’énergie solaire (BBOX, Mobisol, African Garantee Fund etc.) ont édifié, au 4e jour des Assemblées annuelles de la Banque africaine de développement (BAD) à Lusaka, les participants au Forum : « Financement de la Révolution solaire en Afrique » sur les progrès réalisés dans les projets d’installations solaires en Afrique orientale et australe. Ceux-ci concernent notamment ceux du Rwanda, de l’Afrique du Sud, de la Tanzanie et du Kenya.
African Risk Capacity and AfDB sign MOU to enable African countries to respond to extreme weather events and natural disasters
27-May-2016 - The African Risk Capacity has taken major steps towards its goal of providing US $2 billion worth of annual climate disaster coverage to Africa’s most vulnerable populations. ARC signed a Letter of Intent and a Memorandum of Understanding with the African Development Bank (AfDB) and the Conférence Inter-Africaine des Marchés d’Assurance (CIMA), respectively, on Wednesday, May 25 after a high-level panel on Climate Disaster Risk Financing at the AfDB’s Annual Meetings in Lusaka, Zambia.
African Legal Support Facility launch energy project financing resource handbook
27-May-2016 - The African Legal Support Facility (ALSF) unveiled a new resource handbook titled Understanding Power Project Financing, on the sidelines of the African Development Bank Annual Meetings, in Lusaka, Zambia.President Adesina reaffirms commitment to support African youth entrepreneurship
27-May-2016 - With almost 200 million people between the ages of 15 and 24, the African continent boasts the youngest population in the world. By 2045, that figure is expected to double. The African Development Bank is working on providing youth with the skills, education and jobs they need to secure their future. Available data shows that, although between 10 and 12 million young Africans enter the work force each year, only three million formal jobs are created annually.
Goodbye, Lusaka; on to Ahmedabad: Curtain falls on AfDB’s 2016 Annual Meetings
27-May-2016 - The 51st Annual Meetings of the African Development Bank (AfDB) and the 42nd Meetings of the Board of Governors of the African Development Fund (ADF) wound up on Friday, May 27, 2016 in Lusaka, Zambia, after five days of intense engagements on the Bank’s operations and development issues. Held on the theme, “Energy and Climate Change,” the meetings focused on critical African economic and development issues, election of new executive directors and the approval of policies, strategies and the Group’s 2015 audited accounts and operations...