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Gazelles among the elephants and lions - MSMEs carve out space to grow

19-Nov-2019 - Micro, Small and Medium-sized Enterprises (MSMEs) are the heartbeat of Africa’s economies. They represent 95% of all firms and generate more than 80% of new jobs on the continent each year. Africa’s labour force is expected to grow by 1 billion between 2016 and 2063. To keep those people working, almost 1.7 million jobs need to be created each month across the continent. MSMEs will play a crucial role in creating decent jobs and reducing inequality and poverty.

Cameroun : la Banque africaine de développement accorde près de 18millions d’euros pour les 365 km de la Ring Road

19-Nov-2019 - Le ministre de l’Economie, de la planification et de l’aménagement du territoire, Alamine Ousmane Mey et le directeur général de la Banque africaine de développement pour la région Afrique centrale, Ousmane Doré, ont signé l’accord de prêt de la première tranche du « Projet d’appui au secteur des transports phase 3 : construction de la Ring Road », pour un montant de 17,96 millions d’euros, soit environ 12 milliards de francs CFA. C’était le 28 octobre 2019 à Yaoundé, en présence de responsables officiels camerounais et du responsable pays de...

Tunisie : la Banque africaine de développement soutient activement l’accès au financement des petites et moyennes entreprises

19-Nov-2019 - La Banque africaine de développement a lancé, le jeudi 31 octobre à Tunis, le programme « Investia Enterprise » afin de renforcer la dynamique d’inclusion financière en faveur des petites et moyennes entreprises (PME) tunisiennes. Cette opération est le fruit d’un partenariat entre le Royaume-Uni et le ministère des Finances tunisien, mobilisant, autour de la Bourse des valeurs mobilières de Tunis, l’ensemble des acteurs de l’écosystème financier du pays. L’objectif de ce programme pilote est de faciliter l’accès aux financements non bancaires...

Zambia: African Development Bank and partners improving sanitation for Lusaka’s low-income suburbs

19-Nov-2019 - “Sometimes, it looks to me like surgery in the belly of an ancient beast,” says Herbert Chinokoro, senior water and sanitation engineer at the African Development Bank’s Country Office in Lusaka, Zambia. He is describing the scene along the streets of the capital, Lusaka, where earthmovers and excavators were digging out disused water pipelines from a major trench and replacing them with new and more durable tubes.

Africa Investment Forum 2019: Masai Ujiri urges African leaders to invest in sports, commissions two new “players”

18-Nov-2019 - Masai Ujiri, President of the Toronto Raptors, made his second appearance at the Africa Investment Forum, renewing his call for African governments to invest in sports. Ujiri, the only President of National Basketball Association (NBA) of African origin in franchise history, has worked hard over the past year to scout talent and raise awareness about the success and growth of sports on the continent.

Africa Investment Forum 2019: Promises made, promises kept: Champions share why investments benefit women

18-Nov-2019 - Challenged a few years ago at an investment forum about the number of women-owned businesses she invested in, Tokunboh Ishmael, co-founder of Aliethiea IDF, faced the realization that after 15 years of private equity investing in businesses in Europe, Asia and North America, the answer was: none. It was a turning point for the former investment banker, although her partner and co-founder, South African Polo Leteka, had been doing exactly that for years.

Africa Investment Forum 2019: African Development Bank signs $250-million risk participation agreement with ABSA, to address Africa’s trade financing gap

18-Nov-2019 - The African Development Bank has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries. The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the Bank and ABSA will share default risk on a portfolio of eligible trade transactions originated by African Issuing Banks (IBs) and confirmed by ABSA.

Promouvoir une culture de la transparence pour une gouvernance renforcée de la commande publique

16-Nov-2019 - La Banque africaine de développement est la première institution multilatérale de développement en Afrique. A ce titre, elle a fait du financement du développement sur le continent, son cœur de métier. Le « métier du développement » pour ainsi dire, requiert dans le contexte qui est le nôtre, plus que des vœux pieux, des aptitudes et des compétences, de la rigueur et de l’abnégation.

Africa Investment Forum 2019: "Africa's time is now!", says Akinwumi Adesina, President of the African Development Bank

14-Nov-2019 - At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution's support.

2019 Africa Investment Forum: African Development Bank, EU reaffirm partnership, ambition to de-risk business environment, create jobs in Africa

14-Nov-2019 - The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs. Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum.

Africa Investment Forum 2019 : le programme « Desert to Power », initié par la Banque africaine de développement, au centre des discussions d’un panel d’experts

13-Nov-2019 - Le programme « Desert to Power », initié par la Banque africaine de développement pour fournir de l’électricité à 250 millions de personnes dans la région du Sahel, a fait l’objet d’une session spécifique mardi à l’Africa Investment Forum 2019, organisé à Johannesburg, en Afrique du Sud.

African Development Bank Group becomes a shareholder in Africa Finance Corporation

13-Nov-2019 - L'Africa Finance Corporation (AFC), un prestataire de solutions d'infrastructures de premier plan en Afrique, a annoncé, hier, que la Banque africaine de développement avait investi 50 millions de dollars américains pour entrer à son capital. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC.

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

13-Nov-2019 - It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest compared with $37.8 billion dollars last year. During the 2018 edition of the Forum, 61 transactions valued at $46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth $38.7 billion, secured investment interest.

Raising capital to finance development – the Bank as innovator and catalyst

13-Nov-2019 - In many ways, Africa needs trade and investment even more than it needs development aid. This is reflected by the African Development Bank’s commitment to explore all the possible options of mobilising domestic resources.

Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal

13-Nov-2019 - Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabled a $24.6 billion transformative project for Mozambique’s economy, the largest deal to feature at the 2019 Africa Investment Forum. The project includes the development of the Golfinho and Atum fields and the nation’s first onshore liquefied natural gas plant. Mozambique’s Prime Minister Agostinho do Rosário made the announcement at a media briefing session during the Forum, the continent’s premier investment marketplace, organized by the African...

Africa Investment Forum 2019: "Build mutual trust to attract capital to Africa," says investors' panel

13-Nov-2019 - African, European and American investors and the President of the African Development Bank held a panel discussion on Tuesday at the Africa Investment Forum 2019 to collectively reflect on the theme: "Destination Africa: Leveraging Institutional Investors". Panellists included Adam Boehler, Chief Executive Officer of the United States International Development Finance Corporation; Rob Hersov, founder of the Invest Africa platform; Uche Orji, CEO of the Nigeria Sovereign Investment Authority; and Sola David Borha, CEO of Africa Regions,...

Le Réseau africain de la commande publique (RACoP) tient sa première Assemblée générale à Dakar

13-Nov-2019 - Qui  ?        Réseau Africain de la Commande Publique (RACoP) Quoi  ?      Première Assemblée générale Où  ?         Dakar, Sénégal Quand  ?  du 14 au 18 novembre 2019  

Africa Investment Forum 2019: MOU brings good news for Africa’s rail networks

13-Nov-2019 - The African Export-Import Bank (Afreximbank) and Thelo DB on Tuesday signed a Memorandum of Understanding at the Africa Investment Forum in Johannesburg. The agreement will give both parties an opportunity to develop, finance and operate railway projects across Africa. Thelo and Afreximbank have agreed to collaborate to modernise the continent’s railways, thereby promoting trade, investment, and economic and skills development. Both see the urgent need for efficient and effective transportation and logistics on the continent, particularly in...

Visual and graphic representation of sessions held at the 2019 Africa Investment Forum

13-Nov-2019 - Around 2000 delegates attended the innovative investment marketplace which brought together heads of state, project sponsors, pension funds, sovereign wealth funds, and institutional investors to move projects from commitment to action.