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Interviews

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New economic reconstruction plan is needed to overcome fragility in CAR: Minister

02-Jun-2014 - Florence Limbio, Minister of the Economy, Planning, Cooperation and Development for the Central African Republic, called for the development of a new plan, under which her country and its multilateral partners – including the African Development Bank (AfDB) – focus on key priorities and add fresh impetus to CAR's economic reconstruction programme. Her call came amid the context of an improving humanitarian situation in the country, and was made during an interview on May 23, 2014 at the African Development Bank'...

Interview with Anna Bossman, Director of IACD, on Settlement Agreements

28-May-2014 - On March 21, 2014, the African Development Bank’s Integrity and Anti-Corruption Department (IACD)announced the conclusion of settlement agreements with three multinationals following the companies’ admission of corrupt practices in a Bank-financed project. As part of the settlement agreements, IACD imposed financial penalties totaling US $17 million. Bank in Action*: First of all, congratulations for the recent conclusion of the settlement. Anna Bossman: Thank you. The settlement concluded in March by IACD that...

Capacity building is critical to Africa's emergence and industrialisation: Emmanuel Nnadozie

27-May-2014 - In recent years Africa has been making great strides in policy development and at present looks very prepared to move from principle into practice on this. Some leaders say now is the time to boost Africa's industrialisation efforts and that capacity building, which is critical to the continent's emergence, will play an essential role in this. "Africa's economy is showing good signs and growth is taking root," says Emmanuel Nnadozie, Executive Secretary of the African Capacity Building Foundation (ACBF), which...

AfDB, Microsoft join forces to create jobs for young Africans through ICT

23-May-2014 - Microsoft has proposed a series of measures to African governments to promote the use of information and communications technology (ICT) among unemployed youth. Under this partnership, the African Development Bank (AfDB) will invest $20 million in technology to boost access to ICT across Africa. The announcement came at the AfDB’s Annual Meetings on May 22 in Kigali, Rwanda. Fernando de Sousa, General Manager, Africa Initiatives, at Microsoft, has stressed the important role that ICT can play in creating wealth...

For a prosperous Africa in the next half a century, its growth story must go along with peace: Kabagambe

22-May-2014 - Given its remarkable growth in the past decades, Africa has been hailed as the next frontier for opportunity and a potential global growth pole. Political conflicts have declined, economic growth is robust and economic management, governance and political stability have improved. However, Anne Kabagambe, Chief of Staff and Director of the African Development Bank President’s Cabinet, largely dwelled on what should be done differently if we want a prosperous continent in the next half century. In her view, the...

AfDB, World Bank developing a shared dynamic: Makhtar Diop

22-May-2014 - Africa is at a crossroads. In 50 years, the African Development Bank has become a leading player in development. On the occasion of his participation in the AfDB Annual Meetings in Kigali, World Bank Vice-President Makhtar Diop hailed Africa's strong performance under the leadership of the AfDB over past decades. Diop also praised relations between his institution and the AfDB. "I am happy about the cooperation between the AfDB and the World Bank, in the convergence of our development activities and policies for...

Leadership, development financing spur optimism for Africa’s future: Ncube

19-May-2014 - As Africa transforms under the leadership of the African Development Bank Group, its Chief Economist and Vice-President, Mthuli Ncube, looks at what could make a difference: visionary leadership and pragmatic approaches to policy-making. “Transformational and principled leadership – in the government and other spheres of the society, including businesses, civil society – is indeed critical for Africa to strengthen its governance and to achieve other broad objectives,” Ncube says. There are vibrant lessons to be...

Africa’s economic future depends on role of women, says Fraser-Moleketi

19-May-2014 - Africa is at a critical juncture in its development trajectory. Economic changes in recent decades have shifted traditional power structures and witnessed the emergence of concepts that emphasize gender equality. It is acknowledged that across the continent, women play a pivotal role in agricultural production, rural economy, household-level nutrition and the reduction of rural poverty. Therefore, the promotion of African women and their access to finance plays a key role at the African Development Bank’s Annual...

Entretien avec Leon ISAACS, Pdg de DMA : « Il y aura toujours une demande pour les transferts d’argent »

04-Apr-2014 - Leon Isaacs est Pdg de “Developing Markets Associates Limited” (DMA), une entreprise britannique spécialisée dans la mobilisation de fonds dans les pays en développement. Il est reconnu pour son expertise en matière de transferts d’argent. Q. : Lors du G20 de 2011, la communauté internationale avait appelé à une réduction de moitié des frais de transferts d’argent d’ici 2014. Or nous y sommes, et aucune tendance à la baisse ne semble s’esquisser… ? C’est le G8 qui, en 2009, a fixé l’objectif de réduire les coûts...

Entretien avec Mouawia Essekelli, administrateur et DG d’Attijrariwafa bank pour l’Europe : « Les banques doivent innover pour attirer les nouvelles générations de Marocains de l’étranger »

31-Mar-2014 - Diplômé de l’Ecole Centrale de Paris, ce Marocain de 45 ans a suivi une carrière fulgurante, avant de rejoindre Attijariwafa bank en 2005, pour piloter la branche du Groupe dédiée à la clientèle des Marocains de l’étranger. Administrateur, directeur Général d’Attijariwafa bank Europe, la filiale européenne du Groupe, depuis juillet 2008. Entretien, entre deux ateliers thématiques du séminaire panafricain dédié aux transferts d’argent des migrants, des 27 et 28 mars 2014. Q : Que représentent les Marocains...

World Water Day 2014: Interview with Alex Rugamba, AfDB Director of Energy, Environment and Climate Change

25-Mar-2014 - On the occasion of World Water Day, which is celebrated on March 22 and this year focuses on water and energy, Alex Rugamba, Director of the African Development Bank’s Energy, Environment and Climate Change Department, reflects on the importance of energy in Africa’s transformation. In your view, what role does hydropower play in the African Development Bank’s efforts to promote green growth on the continent? Africa’s development requires energy, and harnessing the continent’s abundant hydropower potential will...

“Indigenous banks have the unique opportunity to tap SME markets,” TunisInvest CEO, Zied Oueslati

28-Feb-2014 - Africa’s private sector has struggled to access financing its needs for sustained growth. In part, the combination of risk management and long term savings, as well as capital flights, contributes to the obstacle. TunisInvest CEO, Zied Oueslati conferred with us on this critical issue, at the sidelines of the AfDB’s board retreat on February 21 in Tunis. Excerpts. Question: Africa is seen as a continent of opportunity. To what extents is the banking sector ready to support private sector development for Africa’s...