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AIF boardroom sessions attract $32.8bn in investment interest
22-Mar-2022 - Unveiling the results of the Forum’s virtual boardroom sessions, African Development Bank Group President Dr Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: “In 72 hours, you all connected, you struck deals and you created success.” The three-day virtual boardroom meetings showcased 40 projects across several sectors. Adesina said Africa was clearly back for investments as the COVID-19 pandemic gradually receded.
Ukraine war threatens food crisis and political upheaval across Africa, warns top economist
22-Mar-2022 - A grain storage facility in Odesa. Ukraine produces almost 12 per cent of the wheat in the global export market CREDIT: Simon Townsley/The Telegraph The war in Ukraine threatens to lead to food riots, political upheaval and turn back the clock in years of progress in Africa, the continent’s top economist told The Telegraph.
African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
22-Mar-2022 - African Development Bank head Dr. Akinwumi A Adesina is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development Bank Group’s development agenda and South Africa’s potential for increased trade and investment with the rest of Africa.
The Africa Investment Forum: catalyzing financing for game-changing Abidjan-Lagos highway project
21-Mar-2022 - The construction of the 1,081-kilometer Abidjan-Lagos highway will have a significant impact on the economies of five West African countries - Côte d'Ivoire, Ghana, Togo, Benin and Nigeria. Valued at $15.6 billion and led by the Economic Commission of West African States, this transformative public-private partnership project was the largest investment opportunity showcased at the Africa Investment Forum virtual boardrooms held from 15 to 17 March 2022.
African Development Bank Group approves new Strategy for Addressing Fragility and Building Resilience in Africa 2022-2026
21-Mar-2022 - The Board of Directors of the African Development Bank Group has approved a new strategy for addressing fragility and building resilience in Africa for the period 2022-2026. The strategy offers a roadmap for building more resilient institutions, economies, and societies across the continent over the next five years.More investment needed to plug infrastructure gap, says Oversight Committee of the NEPAD-Infrastructure Project Preparation Facility Special Fund
21-Mar-2022 - The 34th Oversight Committee meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund has ended with renewed calls for increased investment to close Africa’s infrastructure gap.
Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest
18-Mar-2022 - The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: “In 72 hours, you all connected, you struck deals and you created success.”
Mozambique: African Development Bank Group approves $1.4 million grant for Enhancing Private Sector Engagement and Capacity Building for refugees and internally displaced persons
18-Mar-2022 - The Board of Directors of the African Development Bank Group on 11 February 2022 approved a $1.4 million grant for enhancing private sector engagement and capacity building for refugees and internally displaced persons in fragile areas of northern Mozambique. The project will be implemented by the global refugee agency UNHCR, collaborating with the Government of Mozambique. The grant is from the Transition Support Facility Pillar III.
African Development Bank Group partners with World Water Council as top-tier sponsor of the 9th World Water Forum in Senegal
18-Mar-2022 - The African Development Bank Group is a lead partner of the 9th World Water Forum, which will be held from 21-26 March 2022 in the lake city of Diamniadio, Senegal. Co-organized by the World Water Council and the Government of Senegal, this year’s World Water Forum is the first hosted in Sub-Saharan Africa. The forum’s theme is “Water Security for Peace and Development.”African Development Bank to announce key findings from State of Rural Water Supply and Sanitation Report at World Water Forum
18-Mar-2022 - The African Development Bank’s new coordinator for its African Water Facility, Mtchera Johannes Chirwa, will deliver key findings of a rural water supply and sanitation report at the World Water Forum to be held in Dakar from 21-26 March 2022.Le Groupe de la Banque africaine de développement adopte une nouvelle politique sur le financement multi-tranches
17-Mar-2022 - Le Groupe de la Banque africaine de développement a adopté, mardi à Abidjan, une nouvelle politique sur l’approche de financement multi-tranches. La nouvelle politique adoptée par le Conseil d’administration de la Banque est une approche programmatique qui permettra à l’institution de structurer sur la durée, des opérations (projets ou programmes) importantes et/ou complexes, présentées sous la forme d’une série de petits projets liés entre eux par tranches sur une période ne dépassant pas 10 ans.Niger: African Development Bank Group approves $127 million package to open up eastern agricultural areas
17-Mar-2022 - On Wednesday in Abidjan, the African Development Bank Group approved funding of $127.8 million to Niger. The funds approved by the Board of Directors of the African Development Fund, the Group's concessional arm, will be used for a project to open up access to farming and pastoral lands in the east of the country, along its border with Nigeria.
Covid-19 has opened Africa’s eyes – and the world’s – to investment opportunities says Africa Investment Forum
16-Mar-2022 - The Covid-19 pandemic has highlighted Africa’s urgent need for better healthcare. Unequal access to vaccines , along with disruptions to supply chains caused by worldwide economic shutdowns have underscored the continent’s overreliance on medical and pharmaceutical imports.
Lender Has $1 Billion Plan to Wean Africa Off Russian Wheat
16-Mar-2022 - https://www.bloomberg.com/news/articles/2022-03-15/africa-can-wean-off-r... By Yinka Ibukun March 15, 2022, 1:11 PM GMT
African Development Bank to be a top-tier partner at 9th World Water Forum
16-Mar-2022 - What: 9th World Water Forum Who: African Development Bank and African Ministers’ Council On Water When: 21 - 26 March 2022 Where: Diamniadio, Dakar, Senegal
Tanzania: African Development Fund commits $125.3 million to expand water resources and boost climate resilience in Dodoma region
16-Mar-2022 - The Board of Directors of the African Development Fund on Wednesday approved a $125.3 million loan to finance the first phase of the Dodoma Resilient and Sustainable Water Development and Sanitation Program in Tanzania. Specifically, the loan from the African Development Fund, the concessional window of the African Development Bank Group, will cover the construction of a dam and water treatment plant to address supply challenges in Dodoma City and the towns of Bahi, Chemba and Chamwino.Spark+ Africa Fund reaches its first financial close with $40 million to invest in clean and modern cooking solutions in Africa
16-Mar-2022 - The Spark+ Africa Fund has raised over $40 million in a first close, it was announced on Wednesday. The Fund is the world’s first impact investment fund focused on financing the value chains of clean and modern cooking appliances and fuels, to make them available to more people across Sub-Saharan Africa.
2022 Business Opportunities Seminar – Spring edition
16-Mar-2022 - What: 2022 Business Opportunities Seminar – Spring edition Who: The African Development Bank’s Resource Mobilization and Partnerships Department When:Au Sénégal, plusieurs milliers d’hectares de terres aménagés au profit des populations rurales, grâce à la Banque africaine de développement
15-Mar-2022 - Lancé en 2020 et s’achevant en 2024, le Projet de valorisation des eaux et de développement de chaînes de valeur a permis d’aménager plusieurs milliers d’hectares de terres agricoles au profit des populations rurales, indique le rapport sur l’état d’exécution et sur les résultats de la Banque africaine de développement, publié le 11 mars.