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African Legal Support Facility promotes investments at the 2018 African Business Law Firms Association Conference
04-May-2018 - Each year, members and supporters of African Business Law Firms Association (ABLFA) gather at the organization’s annual conference to explore and devise solutions to the emerging challenges preventing or limiting investments in the African region. As a sponsor of this year’s ABLFA Conference, the African Legal Support Facility (ALSF) shared lessons and best practices developed during project implementation.15th Annual AVCA Conference: African Development Bank promotes private investments in Africa
04-May-2018 - The Annual African Private Equity and Venture Capital Association (AVCA) Conference is the world’s largest private equity gathering, attracting investors from private equity funds, venture capital and the private-sector industry who collectively manage over US $1.5 trillion in assets. The 15th edition, on the theme “Championing Private Investment in Africa”, was held in Marrakech, Morocco, from April 22-24, 2018.
Beat Plastic Pollution week
04-May-2018 - From June 4-9, 2018, the African Development Bank is celebrating World Environment Day on June 5 on the theme “Beat Plastic Pollution” and the World Oceans Day on June 8 with a focus on “Preventing plastic pollution and encouraging solutions for a healthy ocean” with a range of activities programmed in Abidjan.
Tunisie : un prêt de 8 millions d’euros de la Banque africaine de développement à Hannibal Lease pour stimuler l’essor des PME
02-May-2018 - Lundi 30 avril 2018, la Banque africaine de développement a entériné l’octroi d’un prêt de 8 millions d’euros en faveur d’un établissement tunisien de crédit spécialisé dans le leasing, Hannibal Lease. Outre cette ligne de crédit, la Banque lui offre également une subvention d’assistance technique, afin d’améliorer, notamment, son dispositif d’analyse et de maitrise des risques et de l’aider à mettre en place un système de gestion des effets environnementaux et sociaux de ses opérations.Regional Operations Management appointments at the African Development Bank
02-May-2018 - The President of the African Development Bank, Dr. Akinwumi A. Adesina, is pleased to announce the following Senior Management appointments: Director General, West Africa Regional Development and Business Delivery Office Marie-Laure Akin-Olugbade (née Ndongo-Seh)
African Development Bank hosts the Multilateral Development Banks’ meeting on “Quality Assurance and development effectiveness: Emerging practices and perspectives”
02-May-2018 - “Quality Assurance helps us move from a transactional approach to development delivery, forcing us to think about what we plan to achieve and how.” This were the observations of the Director of Operations Committee and Quality Assurance Department of the African Development Bank (AfDB), Simon Mizrahi, at the opening session of the second edition of the Multilateral Development Banks’ meeting on quality assurance hosted by the Bank Group on 26-27 April 2018 in Abidjan, Côte d’Ivoire.The Board of Directors approves a Mutual reliance for procurement in joint co-financed public sector operations between African Development Bank and European Investment Bank
30-Apr-2018 - The Board of Directors of the African Development Bank (AfDB) has affirmed cognizance of the strategic role of sustainable procurement and governance and has approved the Policy paper entitled: Mutual Reliance for procurement in joint co-financed public sector operations between African Development Bank and European Investment Bank.
Cairo to Cape Town road boosts cross-border economies, links Tanzania to rest of Africa
30-Apr-2018 - Rehema Tukai grew up in Kondoa and works in Dodoma, Tanzania’s capital city. Until now, visiting her family in Kondoa involved a five-hour journey along a bumpy and dusty road. Thanks to a new road co-funded by the African Development Bank, it takes her a little over one hour to travel the same distance. Tukai was one of several locals to celebrate when the President of Tanzania, John Pombe Magufuli, and the President of the African Development Bank, Akinwumi Adesina, commissioned the Dodoma-Babati road project on Friday.
African Development Bank launches “Say No to Famine” project in Somalia
27-Apr-2018 - The African Development Bank’s Deputy Director General for East Africa, Nnenna Nwabufo, represented the institution at the launch of the Say No to Famine – Short-Term Regional Emergency Response Project (STRERP) for Somalia.
At 54th Union Day celebration, Tanzanian President praises African Development Bank for transformative projects
26-Apr-2018 - At a national event at Jamhuri Stadium in Tanzania’s capital, Dodoma, marking the 54th anniversary of the United Republic of Tanzania – the union of the Republic of Tanganyika and the People’s Republic of Zanzibar – Tanzania’s President John Pombe Magufuli praised the African Development Bank for financing projects that have had a transformative impact in his country.
African Forum: speed up actions to foster job-relevant digital skills for African youth
26-Apr-2018 - Harnessing the Demographic Dividend through Investments in the Youth, the African Forum on Youth Skills and Enterprises in the Digital Age, which took place April 18-19 in Tunis, made a major recommendation: Ensure that Africa’s youth have the relevant, appropriate digital skills from a very early age as they prepare for the jobs of the future. At its conclusion, African governments and key stakeholders agreed to:
Multilateral development banks present study on technology’s impact on jobs
24-Apr-2018 - Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labour, widen income inequality and contribute to greater informality in the workforce. Tapping new technologies in a way that maximizes benefits, mitigates adverse effects and shares benefits among all citizens will require public-private cooperation and smart public policy.
African Development Bank calls for domestic financing solutions alongside aid in fight against malaria
24-Apr-2018 - On the occasion of World Malaria Day 2018, April 25, the African Development Bank has released Money and Mosquitoes: The Economics of Malaria in an Age of declining Aid.President Adesina to speak at Tanzania’s Union Day celebration, commission Dodoma-Babati regional road
24-Apr-2018 - President Akinwumi Adesina is attending the 2018 anniversary of the union between the Republic of Tanganyika and the People’s Republic of Zanzibar that gave birth to the United Republic of Tanzania. Adesina, who was invited as a special guest, will deliver remarks at the event, scheduled for April 26 at the Jamhuri Stadium in Dodoma. As part of his State visit to Tanzania, the President will on April 27 perform the official opening of the Dodoma-Babati road project, which was co-financed by the Bank and the Japan International Cooperation...
Cameroon: 25th Member State to ratify the African Legal Support Facility Treaty
24-Apr-2018 - The President of the Republic of Cameroon, Paul Biya, ratified the agreement to establish the African Legal Support Facility (ALSF) on April 13, 2018 in the presence of his cabinet. Cameroon is the 25th Member State to ratify the treaty.
African Legal Support Facility meets with industry experts at the 2018 International Petroleum Summit
24-Apr-2018 - The substantial oil and gas resources on the African continent have the potential to catalyze and accelerate economic growth, if used strategically. In light of changing technologies and policies and the nature of the international oil and gas industry, appropriate development strategies are not always evident.African Development Bank organizes Workshop on Strengthening Role of Parliament in Combating Illicit Financial Flows from Africa
24-Apr-2018 - The African Development Bank will hold a Workshop on Strengthening the Role of Parliament in Combating Illicit Financial Flows from Africa (IFFs) from 24 to 26 April 2018 in Abuja. Since the approval of the Bank Group’s Policy on the Prevention of Illicit Financial Flows and its accompanying Strategic Framework and Action Plan in April 2017, the Bank has organized and/or participated in a number of Conferences and Workshops aimed at building the capacity of regional stakeholders to combat illicit financial flows.
MDBs launch new platform to coordinate support for economic migration and forced displacement
20-Apr-2018 - Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.
EIB and African Development Bank to support private sector investment in Nigeria with Development Bank of Nigeria backing
19-Apr-2018 - The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank.