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AfDB approves €5 million equity investment to support small businesses in sub-Saharan Africa
08-Jun-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved a €5 million equity participation in Investisseur & Partenaire pour le Développement 2 (IPDEV.2), to support Small Growing Businesses (SGBs) in Sub-Saharan Africa. Senegal, Cote d’Ivoire, Benin, Mali, Niger, Burkina-Faso, Cameroon, DRC, Ghana, and Madagascar are among the targeted countries. IPDEV.2 is an innovative impact investment company launched by Investisseurs & Partenaires (I&P) the Manager, to finance and support SGBs1, startups at the base of...
How AfDB’s investments in youth raise hope for a new Africa
07-Jun-2017 - “The future of Africa’s youth does not lie in migration to Europe; it should not be at the bottom of the Mediterranean; it lies in a prosperous Africa. We must create greater economic opportunities for our youth right at home in Africa.” – Akinwumi Adesina to G7 leaders Current statistics put Africa’s overall unemployment rate at 8%, while the youth unemployment rate hovers around 13%.
AfDB to work with African Central Banks to increase national savings
07-Jun-2017 - The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures to improve tax collection and exchange information to improve monitoring of domestic financial markets.5.6 million people benefit from AfDB’s agriculture interventions in 2016: Development Effectiveness Review
07-Jun-2017 - Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the Bank’s interventions in the past year. Among other things, AfDB plans scale up its focus on regional integration in 2017 as an important part of its development work with the planned launch of a Regional Integration Strategy.
Political will needed to drive Africa’s agricultural transformation, debate hears
06-Jun-2017 - The African Development Bank has identified political will as a key ingredient to Africa’s agricultural transformation agenda and to pull millions of people out of poverty.
AfDB to host Independent Review Mechanism experts to familiarize with the policies and procedures
05-Jun-2017 - From 4 to 10 June 2017 in Abidjan, the African Development Bank (AfDB) will host a mission of Independent Review Mechanism (IRM) experts, as part of the mechanism’s annual and statutory visit. Its objective is to provide IRM’s experts with the opportunity to hold in depth discussions on their activities with the Bank’s Senior Management, staff in the operations and the Executive Directors. The talks will focus on issues pertaining to ongoing requests and recent developments in the Bank.
African Development Bank approves US $343,000 to enhance honey production in Rwanda
02-Jun-2017 - The African Development Bank, in partnership with the Organisation pour la Promotion de la Contribution Active de la Femme Rwandaise au Developpement (SERUKA) – a national women’s organization focusing on women’s economic empowerment in Rwanda –has launched the Rwanda Honey Value Chain Project, which aims to enhance honey production in the country.Somalia - Donors commit to fill US$ 105 million infrastructure projects funding gap
02-Jun-2017 - On 25 May 2017, during the African Development Bank’s Annual Meetings in Ahmedabad, India, the Federal Government of Somalia (FGS) and the African Development Bank (AfDB) organised a meeting with donors and friends of Somalia on “Financing the Infrastructure Pillar of Somalia’s National Development Plan (NDP) 2017-19.”
Comment rendre les routes de Bamako moins dangereuses ? Réponses dans une étude de la BAD
01-Jun-2017 - Au Mali, le district de Bamako concentre plus de la moitié des accidents de la routes et le nombre d’accident se multiplie à mesure que la ville grandit et que les véhicules se font plus nombreux. Comment freiner cette dynamique ? Le 26 mai 2017, experts en sécurité routière, représentants des autorités maliennes, élus locaux et acteurs du secteur des transports ont examiné les premières conclusions d’une étude qui dresse un état des lieux exhaustif de la situation dans la capitale et jeter les bases d’un plan d’action d’envergure.
African Community of Practice project trains Senior Government Officials on Rapid Results Initiative
01-Jun-2017 - The African Community of Practice (AfCoP) on Managing for Development Results (MfDR), at the African Development Bank (AfDB) in the Delivery, Performance Management and Results Department, organized a two-day training event from May 11-12 2017 in Abidjan, Côte d’Ivoire. The participants in this training included senior government officials and Bank focal points.
Nutrition et sécurité alimentaire : la Banque africaine de développement offre son appui dans la région CEDEAO
01-Jun-2017 - Grâce au fond fiducaire de coopération économique Corée-Afrique, la Banque africaine de développement (BAD) appuie le nouveau Programme de renforcement des capacités en nutrition et sécurité alimentaire en Afrique de l’Ouest (PRENFOS) avec un financement de 525 000 dollars EU.AfDB-The Gambia: Country Strategy Update and Portfolio Review
31-May-2017 - An African Development Bank (AfDB) mission visited Banjul from 8-12 May 2017 to hold talks with the Government and other stakeholders on updating the Second Joint Assistance Strategy (JAS-II 2012-2016). Key among activities undertaken during the mission, was the Country Portfolio Performance Review (CPPR), which was found satisfactory.
AfDB promotes sustainable, resilient and healthy agro- and forest ecosystems with GEF
31-May-2017 - On May 24, 2017 at the 52nd Global Environment Facility (GEF) Council meeting, the GEF approved a total funding of US $11.2 million for two projects co-financed with the African Development Bank (AfDB).
Africa-India Partnerships: E-governance identified as a key enabler of Africa’s transformation
31-May-2017 - E-governance is the future of development, and without it African countries will struggle, says Malawi’s Secretary to the Treasury, Ben Botolo. Featuring on a panel discussion on “Africa-India Partnerships in E-Governance” on Thursday, May 25, at the AfDB’s 52nd Annual Meetings, Botolo said Africa stands to benefit from e-governance as evidence shows that it reduces physical interface, thereby reducing costs.
Closing infrastructure gap in Africa a key catalyst for investment, says G20
30-May-2017 - The G20 says closing infrastructure gap on the continent represents a key step to achieving better youth employment and economic transformation. Under the current German G20 Presidency, the key objective to advance the sustainable economic development of the African continent is of particular importance. But this objective cannot be realized without good infrastructure, says Thomas Silberhorn, Germany Parliamentary State Secretary, whose country currently heads the G20.
Japan and India team up with AfDB to support Africa’s development
30-May-2017 - The African Development Bank (AfDB) and key agencies in Japan are working towards stronger cooperation in support of Africa’s development.
African Ministers seek greater partnership with India to enhance cancer diagnosis, check high disease burden
30-May-2017 - Worried about the continent’s poor health indices, African countries are seeking greater partnership with India. The continent’s Ministers of Finance and Health, who are leading this drive, are seeking the scaling up of their bilateral cooperations with India for the improvement of healthcare for the African people. In the spirit of South-South cooperation, they are seeking to explore India’s leading role for more significant investment opportunities for both sides.
Future of Africa’s youth does not lie in migration to Europe, Adesina tells G7
29-May-2017 - The future of Africa’s youth does not lie in migration to Europe, but in a prosperous Africa, the President of the African Development Bank (AfDB), Akinwumi Adesina, has said. Adesina, who spoke at the G7 Summit in Taormina, Italy, at the weekend, stressed the need for African countries to create greater economic opportunities for its youth to stay home and live a meaningful life.
Thirteen African countries seal agriculture industrialization deal with India
29-May-2017 - Thirteen African countries have signed a series of partnership agreements with India to enhance the supply of agricultural machinery, credit advancement to farmers and scientific cooperation.