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Tanzania to receive US$ 123 million African Development Bank loan to finance power transmission line project
20-Jul-2018 - The African Development Bank approved on Friday 20 July 2018, a loan of US$ 123.39 million to the United Republic of Tanzania to finance part of the country’s North- West Grid 400 kV Nyakanaz – Kigoma power transmission line project.Une prise de participation de 20 millions d'euros de la Banque africaine de développement pour faire émerger des multinationales africaines
20-Jul-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, vendredi 20 juillet 2018, une prise de participation de 20 millions d’euros dans le fonds d’investissement Maghreb Private Equity Fund IV (MPEF IV), d’AfricInvest.
Africa50 Meeting: Kenyatta and Adesina call for accelerated private sector investment in infrastructure
19-Jul-2018 - President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide unprecedented opportunities for private sector participation.
African Development Bank and Portuguese-speaking countries sign declaration to spur economic development in Lusophone Africa
19-Jul-2018 - The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Dr. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement on Wednesday on the sidelines of the 12th Summit of Heads of State and Government of the CPLP in Santa Maria on the Island of Sal, Cabo Verde.President Adesina in Kenya to Support Africa’s Investment Agenda
18-Jul-2018 - The President of the African Development Bank, Dr Akinwumi Adesina is in Kenya on a state visit from –19-21 July 2018 to participate in high-level activities aimed at strengthening cooperation with the Kenyan Government and attract more private sector fundingCabo Verde: African Development Bank approves €20 million for private sector competitiveness & local economic development program
18-Jul-2018 - The Board of Directors of the African Development Bank has agreed to award to the Republic of Cabo Verde, a €20-million loan to finance the first phase of the country’s Private Sector Competitiveness and Local Economic Development Program (PSC-LED). The objective of the program is to spur private sector and local entities to make greater contribution to growth and employment and to support the National Development Plan’s private sector- led development.La Banque africaine de développement réaffirme son engagement avec l’Alliance Sahel
18-Jul-2018 - Une importante délégation de l’Unité de coordination de l’Alliance Sahel (UCA) a entamé, mercredi 18 juillet 2018, une visite de travail de deux jours dans les locaux de la Banque africaine de développement à Abidjan, en Côte d’Ivoire. L’Alliance Sahel, un partenariat lancé en juillet 2017 à Paris par plusieurs bailleurs de fonds, vise à atteindre plus rapidement des résultats de développement dans les pays du G5 Sahel : Burkina Faso, Mali, Mauritanie, Niger et Tchad.
Remembering Nelson Mandela at 100
18-Jul-2018 - Nelson Rolihlahla Mandela, fondly known as Madiba which in Xhosa means “Father of the Nation”, would have been 100 years old today. The African Development Bank recalls the life, times and ideals of a great man and a global iconic figure. Mandela was a political patriarch and a remarkable leader whose tenacity and selflessness helped change the course of history – for South Africa, Africa, and for humanity. Today, his legacies continue to inspire current generations of leaders across Africa around the world.Namibia secures ZAR 3 billion budget support loan from African Development Bank
18-Jul-2018 - The Board of Directors of the African Development Bank has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia’s Economic Governance and Competitiveness Support Programme (EGCSP II). The loan facility, second of a two-year programmatic series, will support the budget for the fiscal year 2018/19. It aims at strengthening public financial management and improving the quality and efficiency of public sector spending, while laying a solid foundation for industrialization through support to critical...L’Alliance Sahel en visite à la Banque africaine de développement : intensifier le dialogue
18-Jul-2018 - Une équipe du secrétariat de l’Alliance Sahel, conduite par Jean-Marc Gravellini, effectuera du 18 au 19 juillet 2018 une visite de travail à la Banque africaine de développement à Abidjan, en Côte d’Ivoire. Lancée le 13 juillet 2017 par la France et l’Allemagne, en partenariat avec l’Union européenne, la Banque africaine de développement, la Banque mondiale et le Programme des Nations Unies pour le développement (PNUD), l’Alliance Sahel entend atteindre plus rapidement des résultats de développement dans les pays du G5 Sahel.Réforme dans le secteur de l’énergie au Burkina Faso : Un prêt de 18 millions d’euros de la Banque africaine de développement
18-Jul-2018 - Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, le 18 juillet 2018 à Abidjan, un financement de 18 millions d’euros du Fonds africain de développement (FAD) en faveur du Burkina Faso.African Development Bank approves South Africa Country Strategy Paper
18-Jul-2018 - The African Development Bank has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country. This support package is contained in the Bank’s Country Strategy Paper (CSP) 2018-2022 for South Africa, which will guide the Bank’s operations in the country during the next five years. The new plan builds on the previous CSP 2013 – 2017 and will advance hard regional infrastructure investments and soft mechanisms that deepen trade and regional integration, urban-rural connectivity...
African Development Bank commends Afreximbank’s efforts to advance intra-African trade
16-Jul-2018 - “Africa is in a hurry because it is hungry for economic transformation. We must move quickly from old methods of intervention in dealing with emerging challenges and taking advantage of opportunities,” President Adesina tells participants at 25th Anniversary of Afreximbank
African Development Bank and AfreximBank sign Strategic Factoring project to support African SMEs
13-Jul-2018 - The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount) on the continent. This is a big step towards both institutions’ unrelenting drive and commitment to continue enabling extra and intra-Africa Trade.
Mauritanie : Lancement du projet d’appui à la modernisation des infrastructures financières
13-Jul-2018 - Mohamed El Azizi, directeur général de la Banque africaine de développement pour la région Afrique du Nord, et Abdel Aziz Ould Dahi, gouverneur de la Banque centrale de Mauritanie (BCM), ont donné, lundi 9 juillet 2018 à Nouakchott, le coup d’envoi du Projet d’appui à la modernisation des infrastructures financières en Mauritanie (PAMIF).African Legal Support Facility and African Natural Resources Centre strengthen capacity in negotiating fisheries agreements and licences
13-Jul-2018 - The African Legal Support Facility (ALSF), in partnership with the African Natural Resources Centre of the African Development Bank, recently held a capacity development workshop to support coastal African countries in effectively negotiating fisheries agreements and concessions. The workshop took place 2-6 July at the Protea Centurion Marriott Hotel in Pretoria, South Africa. A similar workshop was earlier held in Abidjan, Côte d’Ivoire in May for a first batch of coastal countries. Both workshops were organised based on official languages...
Transforming Power Utilities by mainstreaming smart grids
12-Jul-2018 - The 2018 edition of African Power Utilities CEO Leadership Forum took place in Cairo, Egypt, 9-10 July 2018, focusing on “Deployment of Smart Grids, Opportunities, Challenges and Strategic Options.” The forum was held back-to-back with the 52nd General Assembly of the Association of Power Utilities of Africa, hosted by the Egyptian Electricity Holding Company.Tanzania’s Economic Reform Program receives African Development Bank’s support
11-Jul-2018 - Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.Deepening Africa’s financial systems: African Development Bank promotes SMEs access to funds
11-Jul-2018 - The African Development Bank has approved an additional US$10 million equity investment in the African Guarantee Fund for SMEs. This support will enable the Fund to continue guaranteeing loans to small and medium sized enterprises across Africa, thereby stimulating private enterprise development and sustainable job creation.