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Senegal: Board approves recommendations and mitigation action plan for Coal-Fired Power Plant Project
01-Feb-2019 - The Board of Directors of the African Development Bank Group has approved the recommendations of the Independent Review Mechanism to bring the Sendou coal-fired power plant project in Senegal into compliance with Bank policies and procedures. The compliance review report was approved with a mitigation action plan prepared by the Bank’s management. The Board’s decision will trigger the process of resolving the main concerns raised by the complainants that the Sendou power plant will have negative impacts and consequences on their environments...Libya: The African Development Bank supports a new generation of promising young leaders for a successful transition
31-Jan-2019 - One hundred and fifty-three emerging Libyan leaders have received certificates after completing a ten-day intensive leadership workhop in Istanbul, Turkey, organized by the African Development Bank. The Tamayoz Residential programme, provided by Adam Smith International, exposed participants to leadership examples and success stories, provided deeper understanding of a leader’s responsibilities, transferred knowledge of the latest organizational leadership tools, and presented work-based assignments related to Libya’s challenges and solutions.
Major bridge linking Gambia to Senegal ushers in new era of connectivity
25-Jan-2019 - Cars, trucks and pedestrians plied the new bridge linking the Gambia and Senegal Thursday, ushering in a new era of connectivity and integration for the two West African nations. The bridge is a safer, quicker, and alternative route to the risky ferry crossing or the long detour between the northern and southern parts of both nations. The five-storey masterpiece allows people from the north of Senegal rapidly and easily to reach the southern Senegalese province of Casamance.Agriculture et entreprenariat agricole en Guinée : La Banque africaine de développement et les autorités guinéennes signent pour 11 millions de dollars d’accords de financement
24-Jan-2019 - Le Bureau national de la Banque africaine de développement en Guinée (COGN) et le ministère guinéen du Plan et du développement économique ont procédé à la signature de deux protocoles d’accord, l’un de don et l’autre de prêt, vendredi 18 janvier 2019, au Petit palais, sur la presqu’île de Kaloum à Conakry. D’un total de 11 millions de dollars, ces accords de financement sont destinés au projet d’appui à la transformation de l’agriculture guinéenne et de l’entreprenariat agricole des jeunes (PATAG EAJ).
SENEGAL: New African Delivery Units Network launched
23-Jan-2019 - The African Delivery Units Network, a unique platform for government delivery units across the continent, has been launched in the Senegalese capital Dakar.Integrity in Development Projects: African Development Bank Debars ALG GLOBAL CONCEPT and its Managing Director for 36 Months, for Fraudulent Practices
23-Jan-2019 - The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and its Managing Director, Mr. Abuharaira Labaran Gero, for a period of 36 months.African Development Bank Group approves $25 million Equity Investment in Fund for Renewable Energy Projects in Africa
22-Jan-2019 - The Board of Directors of the African Development Bank Group has approved an equity investment of up to US$ 25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy projects across Sub-Saharan Africa. ARPF will provide equity for the development and construction of 10 to 15 greenfield renewable energy projects in Sub-Saharan Africa, adding approximately 533MW of installed energy generation capacity from renewable sources in the region. This will provide both base load and peak load power...
First statutory meeting of the African Development Bank-Civil Committee
21-Jan-2019 - The African Development Bank - Civil Society Committee held its first statutory meeting at the Bank’s headquarters in Abidjan on 15-16 January, 2019.
Nigeria: Fertilizer Project Raises Yields by Over 50%, Showcases Successful PPP’s
21-Jan-2019 - In Nigeria, the world’s largest single-train urea plant has created over 50,000 jobs across the agriculture value-chain, while its affordable fertilizer is boosting farm yields and putting big smiles on farmers’ faces. Co-funded by the African Development Bank, the Indorama Eleme Fertilizer project is a success story of public-private partnership (PPP). For years, Shuaibu Yusuf, a Kaduna-based farmer, struggled with low harvests from his grain and vegetable farm.African Development Bank’s Executive Directors to visit the Kingdom of Eswatini
18-Jan-2019 - A team of ten Executive Directors (EDs) from the African Development Bank will be on a three-day stakeholder consultation mission in the Kingdom of Eswatini (formerly Swaziland) over the period 27-30 January 2019.
African Development Bank and ICRC join forces to accelerate economic resilience in fragile contexts
18-Jan-2019 - The African Development Bank Group and the International Committee of the Red Cross (ICRC) signed a letter of intent on Wednesday 16th January 2019 at the Bank’s headquarters in Abidjan. The letter commits the institutions to increase their collaboration to accelerate gender equality, build resilience, and provide improved economic opportunities in Africa’s transition countries.African Development Bank’s Executive Directors to visit the Kingdom of Eswatini
18-Jan-2019 - A team of ten Executive Directors (EDs) from the African Development Bank will be on a three-day stakeholder consultation mission in the Kingdom of Eswatini (formerly Swaziland) over the period 27-30 January 2019.
African Economic Outlook 2019: Africa growth prospects remain steady, industry should lead growth
17-Jan-2019 - ‘The state of the continent is good. Africa’s general economic performance continues to improve, but it remains insufficient to address the structural challenges,” A. Adesina
African Development Bank and Rwanda Sign financing agreements worth €115 million for water projects
17-Jan-2019 - The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme as additional financing. The funding, which comprises €114.27 million from the AfDB window and €0.8 million from the Rural Water Supply and Sanitation Initiative Trust Fund, augments the original financing of €104 million AfDB loan and €43 million Africa Growing Together Fund loan approved by the Bank’s Board in 2017.
African Economic Outlook 2019: Africa growth prospects remain steady, industry should lead growth
17-Jan-2019 - Africa’s general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched today by the African Development Bank. Published annually since 2003, the African Development Bank’s flagship report provides headline numbers on Africa’s economic performance and outlook.The African Legal Support Facility to receive € 5 million grant from the European Union
15-Jan-2019 - The European Commission has approved a grant of 5 million euros to the African Legal Support Facility, to finance the Facility’s Medium Term Strategy for the next five years. ALSF, hosted by the African Development Bank, to date has supported African countries to negotiate commercial deals worth more than US$60 billion in potential investments, mainly in the infrastructure and extractive sectors.