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TICAD 7: African leaders make a clarion call for increased private sector engagement

30-Aug-2019 - Yokohama, Japan, 30 August 2019 - The African Development Bank delegation’s packed sessions kicked off on Thursday with President Adesina addressing Plenary Session 3 on Public-Private Business Dialogue: Enhance Trade and Investment between Japan and Africa.

Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development

30-Aug-2019 - Electricity, transport, and health identified as key priorities Yokohama, Japan, 30 August 2019 - Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa.

TICAD7: Invest in Africa’s food markets to win the war on hunger and boost nutrition – African Development Bank

30-Aug-2019 - Yokohama, Japan 30 August 2019 – By investing in Africa’s food markets, governments can win the fight against stunting and improve nutrition across the continent. And with support from institutions like the African Development Bank, the results would be a win-win situation for all.

Mozambique: African Development Bank contributes to major power transmission line

30-Aug-2019 - The African Development Bank is to part-finance the construction of a 563 km power transmission line in Mozambique, after signing the agreement on 28 August to start the Temane transmission project, approved by the Board in July. The Bank will contribute $33 million in grants to the project.

The new Leadership4Agriculture (L4AG) Forum

29-Aug-2019 - The African Development Bank, with the support of the Bill and Melinda Gates Foundation and the Rockefeller Foundation, is launching a new L4AG Forum on 2 September 2019 in Accra, Ghana on the margins of the African Green Revolution Forum. Since 2017, the African Development Bank’s Leadership4Agriculture, or L4AG Forum has brought senior and influential government and private sector leaders together for dialogue, advocacy and policy formation to strengthen Africa’s agriculture sector.

TICAD 7: Japan, South Africa and the African Development Bank unveil priorities to accelerate Africa’s technology transformation journey

29-Aug-2019 - “Let’s be visionary. Let’s be bold. Let’s support concrete initiatives to boost science, technology, and innovation in Africa,”- Akinwumi Adesina Science, technology and innovation as well as human resource development are critical in Africa, a continent, which has the biggest potential on earth, Prime Minister Shinzo Abe said at the Science and Technology in Society (STS) forum held in Yokohama, on Wednesday, as part of TICAD 7.

TICAD7: Digital Agriculture next frontier for economic development in Africa

29-Aug-2019 - “There’s risk, yes, but there are juicy returns, now is the time for all of us to run in that direction.” - Jennifer Blanke Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. 

TICAD7: African Development Bank discusses relief for fragile states through innovative private sector financing solutions

29-Aug-2019 - Access to concessional resources and insurance cover for pioneering investments, offer fragile nations the best tools to jump-start their economies, the African Development Bank said.

African Development Bank Group signs $28.8 million grant deal with Somalia for road and water projects

29-Aug-2019 - Mogadishu, Somalia, 29 August 2019 – The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bank’s Board on 19 July 2019, confirm sustained efforts, especially by the African Development Fund, to tackle fragility in the Horn of Africa. They comprise $11.99 million for the Kismayo Baidoa urban water project and $16.86 million to partly finance a $66.7 million road.

African Development Bank President to visit the Kingdom of Eswatini

29-Aug-2019 - Abidjan, Côte d’Ivoire, August 29 - African Development Bank Group President Akinwumi Adesina arrives in the Kingdom of Eswatini on Saturday for an official visit, which will include a trip to one of the major Bank-funded projects in the country. Adesina will meet with Eswatini Minister of Finance Neal Rijkenberg.

Mauritius: African Development Bank addresses nascent electricity regulator’s special needs

28-Aug-2019 - The African Development Bank and the Africa Legal Support Facility (ALSF) joined the government of Mauritius in the launch of the Utility Regulatory Authority’s (URA) strategic business plan 2019-2022. Launched on 15 August 2019 in Ebene, Mauritius, the plan will strengthen the URA’s capacity on staffing, tools and other resources to regulate the energy sector effectively.

TICAD7: PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

28-Aug-2019 - “We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity.” - Adesina urges. Yokohama, Japan, 28 August 2019 – The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7.