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Africa Capital Works Fund wins US$ 15m AfDB equity investment
24-Nov-2017 - The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15m equity participation in Africa Capital Works Fund. The investment will finance Sub Saharan Africa’s mid-market companies in strategically selected sectors that offer the potential to be transformed into local and regional industry champions, over a longer than usual ownership period.AfDB earmarks US$84m for skills and business development in Rwanda
24-Nov-2017 - The Board of Directors of the African Development Bank (AfDB) has approved US$84.3m loan to finance a Skills and Business Development Programme (SBDP) in Rwanda. The program will promote reforms, boost domestic production and create about 200,000 jobs annually. Rwanda’s economic performance remains strong averaging 6.8% % of GDP growth per annum since 2013. The country has also made progress in creating 150,000 off-farm jobs every year since 2014.AfDB supports Cameroon’s Economic reforms with €180 million loan
23-Nov-2017 - The African Development Bank Group’s Board of Directors has approved a loan of €180 million to the Republic of Cameroon to finance the first phase of the government’s Competitiveness and Economic Growth Support Programme (PACCE). PACCE is the first of a three-year programmatic general budget support operations to be implemented from 2017 to 2019 in order to shore up public finances in the wake of dwindling oil prices exasperated by security and related humanitarian challenges within the country and across the CEMAC region.Madagascar : la BAD approuve le Document de stratégie pays 2017-2021 en vue d’une transformation structurelle accélérée et d’une économie inclusive
23-Nov-2017 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé, le 22 Novembre 2017 à Abidjan, en Côte d’Ivoire, le Document de stratégie pays (DSP) de Madagascar, qui vise à contribuer à réduire la pauvreté et à améliorer les conditions de vie de la population, en créant des emplois grâce à une transformation structurelle accélérée et l’industrialisation. Le DSP orientera les interventions de la Banque dans ce pays au cours des cinq prochaines années.
AfDB President expresses desire for pipeline of young talent in meeting with Young Professionals
23-Nov-2017 - In a recent meeting with 31 Young Professionals at the African Development Bank, President Akinwumi Adesina said the programme was an important pipeline of skills for the Bank. “I want to see younger talent so that we can tap into your creativity, commitment and drive,” he said.Angola Country Office Manager presents accreditation letters to the Secretary of State for Foreign Affairs
23-Nov-2017 - The Country Manager of the African Development Bank (AfDB) for Angola, Joseph Martial Ribeiro, presented his accreditation letters to Secretary of State for Foreign Affairs for Angola, Téte António, on November 23, 2017. The ceremony marked a historical moment in the cooperation between the Bank and the Angolan authorities.AfDB boosts African Agriculture and nutrition with US$ 10 million equity investment in Phatisa Food Fund
23-Nov-2017 - The Board of Directors of the African Development Bank Group (AfDB) today approved US$10 million equity investment in Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa. PFF2 is a second generation Fund which builds on the success of its predecessor African Agriculture Fund (AAF), sponsored by AfDB along with other DFIs including the French Development Agency (AFD), the International Fund for Agricultural Development (IFAD), and the Spanish Agency for International Cooperation and Development (AECID).AfDB Group approves €122m loan for Tunisia road improvement Project
22-Nov-2017 - The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help finance the North-East Road Connectivity Support Project in Tunisia. The project aims to make the Tunisian economy more competitive through supporting the growing demand for the traffic of goods and people in Bizerte as well as better mobility and improved connections between the northern and eastern regions of the country.
IATA, African Development Bank sign MoU to advance Africa’s aviation
22-Nov-2017 - The International Air Transport Association (IATA) and the African Development Bank (AfDB) have signed a memorandum of understanding (MoU) to establish a framework for collaboration to boost the aviation sector in Africa. The MoU was signed Tuesday in Abuja, Nigeria, on the sidelines of the International Civil Aviation Organization’s World Aviation Forum, “Financing the Development of Aviation Infrastructure” by IATA’s Director General and Chief Executive Officer, Alexandre de Juniac, and African Development Bank President Akinwumi Adesina.ALSF and Connex Support Initiative capacity building to strengthen corporate governance in the extractives sector
22-Nov-2017 - The extractives sector has witnessed sustained increase in equity participation by governments throughout the African region in recent times. As the prevalence of National Mining Companies (NMCs) grows, there has also been a corresponding growth in the need for good governance and equitable benefits-sharing regimes.La BAD accorde un prêt de 50 millions de dollars EU à la Société nationale industrielle et minière de Mauritanie (SNIM)
22-Nov-2017 - Le conseil d'administration du Groupe de la Banque africaine de développement (BAD) a accordé, ce mercredi 22 novembre 2017, à Abidjan, en Côte d’Ivoire, un prêt de 50 millions de dollars EU au profit de la Société nationale industrielle et minière de Mauritanie (SNIM) afin de permettre à l’entreprise d’améliorer sa compétitivité. Accordé sur le guichet secteur privé de la BAD, le prêt va permettre le financement de l’approfondissement et de l’élargissement d’un chenal d’accès de 25 km au port minéralier de Nouadhibou, la capitale économique...Invitation to the High level Ministerial Dialogue and Flagship Launch of Post-Harvest Losses and Agro-Processing (PHAP)
21-Nov-2017 - The African Development Bank (AfDB) and the Food and Agriculture Organization (FAO) are pleased to invite you to the High Level Ministerial Dialogue and Flagship Launch of Post-Harvest Losses and Agro-Processing (PHAP), which will take place on 21 and 22 November 2017 at the Bank’s HQ Auditorium. The specific objectives of the workshop include:
Africa must implement 1999 Yamoussoukro agreement for open skies, says AfDB President
21-Nov-2017 - The African Development Bank (AfDB) has called on African countries to implement the 1999 Yamoussoukro agreement for open skies. While 20 countries have signed on, the 27-year old accord still faces implementation challenges, Akinwumi Adesina, President of the AfDB said Tuesday at the opening ceremony of the third ICAO World Aviation Forum in Abuja.
AfDB calls for bold actions to improve air connectivity in Africa
21-Nov-2017 - The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction in Africa’s aviation sector. Pierre Guislain, AfDB Vice-President for Private Sector, Infrastructure and Industrialization, made this call at the third ICAO World Aviation Forum in Abuja.AfDB and IsDB partner to boost agriculture and fight drought in Nigeria, Somalia and Uganda
21-Nov-2017 - A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda. The initiative is part of a broad coalition to boost collaboration between the two institutions in agriculture, water and sanitation. The combined active portfolio of both institutions in these sectors in Nigeria, Somalia and Uganda is worth US$1 billion, with several projects in the pipelines to expand their support.
Industrialize Africa: Strategies, policies, institutions and financing
20-Nov-2017 - A new report released Friday by the African Development Bank (AfDB) calls for the industrialization of the continent with a focus on smart industrial policy, structural transformations and a move towards processing the continent’s raw materials into value added products.
High-Level Officials and private sector leaders to chart actionable plan to accelerate Africa’s agricultural transformation
20-Nov-2017 - The African Development Bank (AfDB) in collaboration with Initiative for Global Development (IGD) and Grow Africa is organizing the first high-level convening, Leadership4Agriculture (L4Ag) Forum, on November 28 at the AfDB headquarters in Abidjan, Côte d’Ivoire.
Africa Industrialization Day: AfDB reiterates the need to accelerate Africa’s development
20-Nov-2017 - Accelerating Africa’s development through industrialization is one of the African Development Bank’s High 5 strategic priorities. Industrialization has long been recognized as a great opportunity for improving the living conditions of Africans.
Why does Africa’s industrialization matter? Challenges and opportunities?
20-Nov-2017 - The African Development Bank Group (AfDB) will join other organizations to commemorate Africa industrialization day on 20 November 2017. The objective is to raise awareness on the challenges and opportunities in financing the region’s industrialization, one of the prominent pillars of the Bank’s High5s. It is also an opportunity for the Bank Group to elaborate on how to galvanize support for promoting Africa's industrialization for improved living conditions of Africans.