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Opening Remarks d by Gabriel NEGATU, at the African Economic Conference - Kigali, Rwanda, 3rd December 2018

03-Dec-2018 - Excellencies, Hon. Claudine Uwera, Minister of State of Finance, Rwanda; H.E. Prof. Victor Harison, Commissioner for Economic Affairs African Union Commission; Ms. Giovanie Biha, Deputy Executive Secretary, United Nations Economic Commission for Africa; Ms. Ahunna Eziakonwa, Assistant Administrator, Regional Bureau for Africa, United Nations Development Programme; Ambassadors and Heads of Diplomatic Missions;

Barrage Kandadji au Niger : 436 millions mobilisés pour la réinstallation des populations

03-Dec-2018 - La Banque africaine de développement a accueilli une table ronde des partenaires techniques et financiers, le 30 novembre 2018 à Abidjan, sur le financement du Plan d’action de réinstallation (PAR 2) de la deuxième vague des populations concernées par le programme Kandadji, au Niger. Environ 436 millions de dollars américains, dont 60 millions de la Banque africaine de développement, chef de file des partenaires du programme Kandadji, ont été mobilisés pour la mise en œuvre de PAR 2, pour un besoin de 432 millions de dollars.

AEC2018: Africa must focus on its big resource - its young people, experts urge

03-Dec-2018 - Professor Paul Collier, one of the world’s most influential development economists, warns that Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and integration will ensure sustainable growth and development across the continent. Dr. Collier, Professor of Economics and Public Policy in the Blavatnik School of Government at the University of Oxford, was delivering a keynote address at the African Economic Conference 2018, hosted by the African Development Bank in Kigali, Rwanda.

Interview with Seyni Nafo, African Ambassador to COP24

30-Nov-2018 - Spokesperson for Africa at the 2015 Paris climate talks (COP21), Mali’s Seyni Alfa Nafo was also the chief negotiator for all the developing countries within the G77 and China (more than 136 countries) on the issue of  increasing the pace of climate action by 2020.

South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa

30-Nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating carbon dioxide (CO₂) emissions from...

African Development Bank issues first ever SOFR-linked transaction in green bond market

30-Nov-2018 - On Tuesday 27 November 2018, the African Development Bank rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction.

African Development Bank approves $100 million facility to enhance trade financing across Africa

29-Nov-2018 - The Board of Directors of the African Development Bank Group (the Bank), on Thursday, 29 November, 2018, approved a second unfunded $100-million Risk Participation Agreement (RPA II) facility for First Rand Bank Ltd (FRB).  Housed under the Trade Finance operations of the Bank, this facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in transition states and low-income countries (LICs) across Africa. 

COP24: Progress on Article 6 of the Paris Agreement

29-Nov-2018 - The Paris Climate Agreement in 2015 was by far the most ambitious effort yet made to strengthen the global response to the increasingly urgent challenges of climate change, with headline commitments to limiting global warming to below 2°C above pre-industrial levels and to make efforts to limit the temperature increase to 1.5 °C.

African Development Bank’s Staff Council and Lion’s Club join forces to CLEAN-UP Attecoube, Ivorian community hit by flood

29-Nov-2018 - As part of activities marking the 2018 Corporate Social Responsibility (CSR) Day, the Staff Council (SCO) of the African Development Bank will, on November 29, 2018 launch a vast clean-up campaign in Nemattoulaye, Attecoube - an Abidjan neighborhood that suffered badly from devastating floods, early this year. Consequently, the theme adopted for the 2018 SCO CSR day is ‘CLEAN-UP ATTECOUBE’ .