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African Development Bank President makes strong case for increased U.S. investment in Africa
09-Apr-2019 - Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank, Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play in increasing investments in Africa and expanding opportunities for the U.S. private sector".
World Health Day 2019: African Development Bank joins the global call for universal health coverage for all
08-Apr-2019 - On the occasion of World Health Day 2019, the African Development Bank Group is renewing its call for firmer commitment to pledges made by countries for universal health coverage for all individuals and communities.The African Development Bank launches a dual tranche NOK 500 million 3-year Social Bond and SEK 1.25 billion 5-year Green Bond
08-Apr-2019 - On Thursday 4 April 2019, the African Development Bank successfully priced a dual tranche NOK 500 million 3-year fixed Social Bond and SEK 1.25 billion 5-year fixed Green Bond transaction. The three-year tranche is the very first Social Bond issued in the Norwegian market. It was also the first ever NOK transaction issued by the Bank and the third Social Bond issued under its Social Bond framework.African Development Bank President Akinwumi Adesina leads delegation to IMF-World Bank Spring meetings
08-Apr-2019 - African Development Bank President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April. Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House Committee on Foreign Affairs where she is a Ranking Member of the Subcommittee on Africa, Global Health, Global Huma Rights and International Organisations. The meeting will be attended by other US government officials and investors.
African Development Bank welcomes partners to MDB roundtable to strengthen collaboration on donor relations and fund management
08-Apr-2019 - The African Development Bank Group hosted 11 sister institutions for the annual multilateral development bank (MDB) roundtable on trust funds and co-financing, held on 28-29 March, 2019.
Making Finance Work for Africa (MFW4A) Announces Revamped Website
08-Apr-2019 - Making Finance Work for Africa is proud to announce its newly redesigned website, www.MFW4A.org. “We are excited about our new website and the improved access it provides users to our resources,” said MFW4A Coordinator, David Ashiagbor. “For anyone looking for relevant information related to financial sector development on the continent, the newly designed website allows for an enriching and user-friendly experience.”
Tunisie : lancement du déploiement de drones pour améliorer la productivité agricole à Sidi Bouzid
08-Apr-2019 - La Banque africaine de développement, le ministère tunisien de l’Agriculture, des Ressources hydrauliques et de la Pêche et l’agence gouvernementale sud-coréenne Busan Techno Park ont signé, le 8 avril à Tunis, un accord tripartite prévoyant le déploiement, dès la fin avril, de drones dans des projets agricoles de la région de Sidi Bouzid, au centre du pays.
African Development Bank VP Amadou Hott joins new Senegal Cabinet
07-Apr-2019 - President Macky Sall of Senegal has announced the appointment of Amadou Hott, Vice President for Power, Energy, Climate and Green Growth at the African Development Bank, as Minister of Economy, Planning and Cooperation.
African Development Bank launches Pan-African Urban and Municipal Development Fund
05-Apr-2019 - The African Development Bank has launched the Urban and Municipal Development Fund, a multi-donor trust fund to scale up interventions in urban development and drive sustainable growth in cities across the African continent.
African Development Bank multi-partner Somali Fund to receive US$3 million from IsDB
05-Apr-2019 - The African Development Bank has welcomed the Islamic Development Bank’s agreement to contribute US$3 million to the multi-partner Somalia Infrastructure Fund (SIF). The signing ceremony for the agreement took place on the sidelines of the 44th Islamic Development Bank (IsDB)’s Annual Meetings in Marrakech, Morocco.
“Coding must be compulsory, at all levels. The currency of the future is going to be coding…We must democratize technology,” Adesina tells Mo Ibrahim Governance Week
05-Apr-2019 - African Development Bank President Adesina, on Friday, pleaded for Africans to embrace technology, and governments to urgently move away from “investing in the jobs of the past, but rather in the jobs of the future. A future that is just around the corner.” Adesina was addressing a debate entitled: The New Tech Era: Job-killer or Job-creator? organised by Africa Report and Jeune Afrique as part of the 2019 Mo Ibrahim Governance Week. The debate took place in the Sofitel Hotel in Abidjan, Cote d’Ivoire.
African Development Bank announces US$100 million comprehensive relief, reconstruction and mitigation plan for Mozambique, Malawi and Zimbabwe
05-Apr-2019 - Following the devastating impact of Cyclone Idai and the unprecedented loss of life and property in Zimbabwe, Mozambique and Malawi, the African Development Bank has announced a multi-pronged response plan for the three countries. The Bank will be providing emergency assistance to the affected countries and a medium-term plan to meet the reconstruction needs of the affected areas, including a climate risk insurance plan.East Africa’s economy races ahead of its African peers, modest growth forecast for the rest of the continent – African Development Bank
04-Apr-2019 - Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive. Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent the African Development Bank regional reports noted.African Development Bank and Microsoft launch All-female Coding training in Nigeria
04-Apr-2019 - One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force. The Coding for Employment programme, organised by the African Development Bank and Microsoft Philanthropies, prioritises young women who typically have been side-lined in the technology ecosystem.African Development Bank President Adesina to address Mo Ibrahim Governance Weekend on migration
04-Apr-2019 - African Development Bank President Akinwumi Adesina will this weekend join Africa’s most influential leaders and thinkers at the Mo Ibrahim Governance Weekend, which celebrates the continent’s leadership, debates issues of critical importance to Africa, and charts the way forward for the region. The 2019 annual event will take place on 5 and 6 April in Abidjan, Côte d’Ivoire, bringing together some of Africa’s most influential thought leaders, civil society, and multilateral institutions.African Development Bank and Microsoft launch All-female Coding training in Nigeria
04-Apr-2019 - One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force. The Coding for Employment programme, organised by the African Development Bank and Microsoft Philanthropies, prioritises young women who typically have been side-lined in the technology ecosystem.African Development Bank: All-female Coding for Employment class to open doors for Nigerian women in tech
04-Apr-2019 - Sa’adatu Babayo and Esther Ayuba have more than being female in common: the two are proud participants of the first all-women Coding for Employment class, currently underway in Nigeria as part of a pilot scheme to broaden opportunities for African women.
Mauritius: African Development Bank power station renovation improves energy production, air quality
04-Apr-2019 - The refurbishment of the old Saint Louis power station has brought a breath of fresh air to those working at and living in the north west of Mauritius. Renovation of the machinery has addressed the electricity supply shortages, thanks to financial assistance from the African Development Bank. For years, the power station, the country’s main electricity production plant, located in the southern periphery of Camp Chapelon, flooded the town’s 1,500 inhabitants and 2,000 workers with noisy and gaseous emissions, leading to discomfort and ill...African Development Bank Regional Economic Outlook: West Africa region to see mixed growth into 2020
03-Apr-2019 - Overall economic growth in West Africa is projected to be at 3.6 percent in 2019 and 2020, boosted by the recovery of commodity prices and improved production and service sectors in the region, although challenges and uneven performance would remain, the African Development Bank’s regional economic indicator report revealed.