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“Betting on Africa to Feed the World”: Adesina, 2017 World Food Prize Laureate, to deliver Norman Borlaug Lecture on World Food Day
13-Oct-2017 - The African Development Bank President, Akinwumi Adesina, will deliver the Norman Borlaug Lecture as part of the World Food Prize events taking place from October 16-20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture titled “Betting on Africa to Feed the World” will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. President Adesina will receive the 2017 World Food Prize on Thursday, October 19. The prize is to agriculture what the Nobel Prize is to peace, science and literature.Invitation to the launch of the Africa Water Facility Long Term Strategy (2017-2025)
13-Oct-2017 - he Vice-President for Agriculture, Human and Social Development, of the African Development Bank (AfDB) cordially invites you to the launching of the Africa Water Facility (AWF) Long Term Strategy (2017-2025) on Friday 13 October 2017, from 09h00 to 13h00 at the Golf Hotel, Abidjan.
African Water Facility launches new Strategy 2017-2025
13-Oct-2017 - The African Water Facility (AWF), hosted by the African Development Bank Group, formally launched its new Strategy 2017–2025 on October 13, 2017 in Abidjan, Côte d’Ivoire. The occasion was used to introduce and share with stakeholders, partners, donors, beneficiaries and various Bank departments collaborating with the AWF the innovative approaches that it will focus on over the next 10 years in order to deliver on its mandate of mobilising financing for the water and sanitation sector.
Africa’s Economic Performance improves in 2017
12-Oct-2017 - Expected GDP growth up to 3% from 2.2% in 2016 but down from projected 3.4% Projected to reach 3.7% also down from projected 4.2% in 2018 Steady domestic demand and public investment in infrastructure Fiscal and Current account deficits on decline East Africa remains the fastest growing region, from 5.1% in 2016 to 5.4% and 5.8% average GDP growth in 2017 and 2018 respectivelyAfrican Development Fund Board approves US$ 141 million credit risk participations under Private Sector Credit Enhancement Facility
12-Oct-2017 - The Board of Directors of the African Development Fund (ADF), approved on Wednesday, 11 October 2017 in Abidjan credit risk participations in eight loans cumulatively valued at US$ 141 by the Private Sector Credit Enhancement Facility (PSF).ALSF promotes link between arbitration and economic growth at the East Africa International Arbitration Conference
12-Oct-2017 - The connections between international arbitration and economic growth in African was the subject of the recent East Africa International Arbitration Conference (EAIAC), held in Kigali, Rwanda. The 28-29 September conference gathered more than 300 arbitration practitioners, users, and government representatives who engaged in productive discussions on how international arbitration can be deployed to promote growth on the continent. As a strategic partner to the event, African Legal Support Facility (ALSF) staff actively participated in the...Benin: AfDB supports inclusive growth through agricultural value chains and infrastructure development
11-Oct-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved the institution’s intervention strategy in Benin for the period 2017-2021. The strategy supports the Government’s Program of Action (PAG 2016-2021) for the country’s economic and social development, anchored on two main pillars.
AfDB launches training programme to grow Africa’s textile industry
11-Oct-2017 - The African Development Bank (AfDB) and its partners have launched a specialized training programme for entrepreneurs and startups in the textile, apparel and accessories (TA&A) sector in Africa. The training is part of the AfDB’s Fashionomics Africa initiative aimed at increasing Africa’s participation in the global textile industry supply chain.
AfDB engages East Africa’s private sector in a drive to strengthen partnerships
11-Oct-2017 - The Bank Group’s Resource Mobilization & Partnerships Department (FIRM) in collaboration with the East Africa Regional Directorate (RDGE), has concluded its first regional Business Opportunities Seminar (BOS) in Nairobi, Kenya. The three-day event (2-4 October) falls within a series of Bank activities, aimed to step up its partnership with the private sector and highlight their role in implementing the continent’s transformation agenda, as enshrined in the High 5 strategy of the Bank.
ADEA signs MoU with IsDB on cooperation in the education sector in Africa
06-Oct-2017 - The Islamic Development Bank (IsDB) and the Association for the Development of Education in Africa (ADEA)have signed a Memorandum of Understanding (MoU) in Jeddah (Saudi Arabia) related to the cooperation in the education sector in Africa. The objective of the MoU is to support common Member Countries achieve the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.
African Development Bank releases second Trade Finance in Africa survey report, “Overcoming Challenges”
06-Oct-2017 - The African Development Bank (AfDB) has released its second Trade Finance in Africa survey report: “Trade Finance in Africa: Overcoming Challenges”.Cédric Mbeng Mezui, spécialiste des marchés financiers : « En Afrique, les banques centrales doivent financer le développement »
05-Oct-2017 - Economiste expert en marchés financiers africains et coordinateur de l’Initiative des marchés financiers africains de la BAD, Cédric Mbeng Mezui est l’auteur d’un ouvrage intitulé
AfDB issues its first “Light Up and Power Africa” theme Bond
05-Oct-2017 - The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction. The “Light Up and Power Africa” Bond supports AfDB’s ambition to achieve an important goal of realizing Africa’s energy potential and bridging the continent’s energy deficit.With ALSF support, Guinea-Bissau successfully renegotiates and reduces outstanding debts by 90%
03-Oct-2017 - Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility (ALSF) has provided creditor litigation support and advisory services to Guinea-Bissau during outstanding debt negotiations with the Export-Import Bank of China (Exim Bank). The support led to a series of settlement and debt-restructuring negotiations concluded in Singapore. Guinea-Bissau and Exim Bank agreed to a 90% reduction in outstanding debt obligations, resulting in savings of over US$45 million for Guinea-Bissau.
Bank Group approves second monitoring report on updated Management Action Plan for the Medupi Power Project in South Africa
03-Oct-2017 - The Boards of Directors of the African Development Bank Group approved on September 6, 2017 the recommendations of the Second Monitoring Report of the Independent Review Mechanism (IRM) on the Implementation of the Updated Management Action Plan for the Medupi Power Project in South Africa.Séminaire sur le financement du commerce international : un co-événement de la BAD et l’UBAF
02-Oct-2017 - En partenariat avec l’Union de banques arabes et françaises (UBAF), la Banque africaine de développement (BAD) co-organise, du 3 au 5 octobre 2017 à Abidjan, en Côte d’Ivoire, un séminaire sur le financement du commerce international.African Development Bank organizes a Business Opportunities Seminar in Kenya
02-Oct-2017 - Business Opportunity Seminars (BOSs) are one-stop fora for consultants, contractors, manufacturers, and suppliers from the African Development Bank Group’s member countries looking to provide goods and services to projects financed by the institution in Africa. The event will be held in Nairobi, Kenya, from October 2-4, 2017. It aims to strengthen the relationship between the AfDB, its shareholders and the private sector.
Mbembe makes a strong case for African integration through open borders
02-Oct-2017 - Renowned African historian, Joseph Achille Mbembe, has made a solid case for Africa’s integration through open borders that allow free movement of people on the continent. “History tells us that the first thing you do to incapacitate people is to restrict their ability to move. Mobility allowed the stretching of societies; was determinant to trade and to building African civilizations,” Mbembe said.
AfDB President lays the foundation stone in the electrification project in Burkina Faso
29-Sep-2017 - The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, arrived in Ouagadougou for a three-day official visit and was immediately welcomed by Burkina Faso's Head of State, Roch Marc Christian Kaboré. During the meeting President Kaboré praised the excellent bilateral cooperation between his country and the AfDB and called for it to be boosted.