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The African Development Bank Group appoints Dr. Ousmane Dore as Director General, Central Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Ousmane Dore as Director General for Central Africa Regional Development and Business Delivery Office, with effect from December 1, 2016. The Central Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Dr. Tonia Kandiero as Director General, Southern Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Tonia Kandiero as Director General for the Southern Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The Southern Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Marie Laure Akin-Olugbade as Country Manager, West Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Ms. Marie-Laure Akin-Olugbade as the Country Manager for the West Africa Regional Development and Business Delivery Office. The West Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Ms.AfDB and Algeria sign €900-million loan agreement to support the country’s industrial and energy competitiveness
24-Nov-2016 - The African Development Bank (AfDB) and Algeria have signed an agreement for a €900-million loan to support the country’s industrial and energy competitiveness. This budget support loan provides the Government with the resources needed to offset the drop in its revenue due to the sharp fall in oil prices.
The African Development Bank Group appoints Mr. Ebrima Faal as Director, Nigeria Country Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Ebrima Faal as the Director for the Nigeria Country Office with effect from 1 December 2016. The Nigeria Country Office is the largest single office of the African Development Bank, which oversees a portfolio of over US $5 billion and deals with 36 states of the Federation and the Federal Capital Territory.
The African Development Bank Group appoints Dr. Josephine Waithira Ngure as Country Manager, Southern Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Josephine Waithira Ngure as the Country Manager for the Southern Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The Southern Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Dr.
The African Development Bank Group appoints Mr. Gabriel Negatu as Director General, East Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Gabriel Negatu as the Director General, East Africa Regional Development and Business Delivery Office, with effect from 1 December 2016. The East Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Mr. Janvier Litse as Director General, West Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Janvier Litse as the Director General for the West Africa Regional Development and Business Delivery Office, with effect from 1 December 2016. The West Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.65 millions d’Euros pour financer l’alimentation en eau pour multi usages au Sénégal
24-Nov-2016 - La Banque africaine de développement vient d’approuver un prêt BAD d’un montant de 65 millions d’Euros (42,64 milliards de F CFA) à la République du Sénégal pour financer le « projet de renforcement de l’alimentation en eau pour multi usages sur l’axe Louga – Thiès – Dakar, à partir de la station de Keur Momar Sarr ». Le projet constitue la contribution de la Banque au projet global de « construction d’une 3ème station de traitement à Keur Momar Sarr », d’un coût global de 423,84 millions d’Euros.AfDB Board approves 2017-2021 Country Strategy Paper for Rwanda
23-Nov-2016 - The African Development Bank (AfDB) will support Rwanda’s economic transformation by boosting inclusive private sector-led growth and creating higher value-added formal employment with an indicative financing package estimated at US $939.4 million over a five-year period. This support package is contained in the Bank’s 2017-2021 Country Strategy Paper (CSP) for Rwanda, which will guide the Bank’s operations in the country during the next five years, approved by its Board of Directors on Wednesday, November 23, 2016 in Abidjan, Côte d’Ivoire.
Commercial legal practice in Africa: ALSF concludes Stakeholder Forum
23-Nov-2016 - Stakeholders working in development and law met in Abidjan, Côte d'Ivoire, from November 21-22, 2016 to discuss the role of the African Legal Support Facility (ALSF) within the context of the broader development agenda; and, in particular the linkages between Africa’s development priorities and commercial legal practice. Convened by the ALSF, the inaugural Stakeholder Forum was held to set out strategies and priorities for ALSF’s second Medium Term Strategy (MTS) for 2018-2022.AfDB approves US $75-million financial package to complement Diamond Trust Bank Kenya Limited’s funding to enterprises in East Africa
23-Nov-2016 - The Board of Directors of the African Development Bank has approved a US $75-million financial package comprising US $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa. The LoC will provide financing to small and medium enterprises (SMEs) and local corporates involved in value-addition in the trading, manufacturing, transport, and construction, among other sectors. In so doing, it will enhance job creation and...
Africa50 appoints four esteemed infrastructure advisors to its Investment Committee
23-Nov-2016 - The Board of Directors of Africa50, the infrastructure fund for Africa, has approved the appointment of four internationally renowned investment and infrastructure experts as Senior Advisors and members of its Investment Committee. The four Senior Advisers, hailing from the U.S., France, Cameroon and Nigeria, will assist Africa50 in making investment decisions in a manner that will ensure the attainment of the dual objectives of development impact and financial return.
World Bank and African Development Bank Bolster Aid Transparency Data
23-Nov-2016 - The African Development Bank (AfDB) took a step toward increased transparency on Wednesday, November 23, 2016 with the release of AfDB data on AidFlows (www.aidflows.org), a website that visualizes global development aid. The new data provides information on AfDB funds committed and disbursed to beneficiaries, including South Africa, South Sudan, Guinea, and Sierra Leone.PIDA Week 2016 opens with calls for accelerated job creation through infrastructure development for Africa’s transformation
23-Nov-2016 - Africa has to provide employment opportunities for its youth if it is to harness their potential and contribute to the desired economic growth outlined in the vision of Agenda 2063.
Spotlight on the African Development Fund
23-Nov-2016 - Heriniaina, or “Life Force” in Malagasy, confidently stands on her land in Tanandava. She has made the most of her plot, saving enough money to acquire an additional hectare of land and a tractor worth 3,000 euros. The tractor has enabled her to double her harvest. Heriniaina, a member of a local women’s association, is miles ahead of many other local farmers, who still use zebus to cultivate their land. She also rents her tractor to increase her earnings. “My life has changed,” she says.