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Ethics network unanimously nominates African Development Bank to chair its 2020 conference

16-Jul-2019 - 16-Jul-2019 - Abidjan, Côte d’Ivoire, 15 July 2019 – The Ethics Office of the African Development Bank has been nominated to chair the 12th conference of the Ethics Network of Multilateral Organisations (ENMO) next year, to be hosted by the World Bank, possibly in Washington D.C, USA. The ENMO, consisting of United Nations bodies and international and regional financial institutions, made the unanimous nomination at their 11th conference, held at the headquarters of the European Patent Office in Munich, Germany last week...

African Development Bank Debars Lutoyilex Construct Ltd. and its Managing Director for 36 Months, for Fraudulent Practice

16-Jul-2019 - 16-Jul-2019 - ABIDJAN, Côte d’Ivoire 16 July 2019 - The African Development Bank Group on 16 July 2019, announces the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and its Managing Director, Mr. Bamidele Obiniyi (also known as Mr. Bamidele Abayomi) for a period of 36 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Lutoyilex Construct Limited engaged in fraudulent practice while bidding for a construction contract under the Agricultural...

Africa Investment Forum 2019 : présentation le 23 juillet à Casablanca

15-Jul-2019 - 15-Jul-2019 -   La Banque africaine de développement, en partenariat avec le fonds Africa 50 et la Banque européenne de reconstruction et de développement, organise, le 23 juillet à Casablanca, au Maroc, une présentation de l’Africa Investment Forum, premier marché de l’investissement en Afrique. La 2ème édition de l’Africa Investment Forum se déroulera du 11 au 13 novembre prochains à Johannesburg, en Afrique du Sud. L’an dernier, plus de 38 milliards de dollars d’intentions d’investissement ont été enregistrées à l’occasion...

African Development Bank, African Institute for Mathematical Sciences Next Einstein Initiative sign MOU to strengthen capacity in mathematics and science across the continent

15-Jul-2019 - 15-Jul-2019 - Abidjan, Côte d’Ivoire, 15 July 2019 - The African Development Bank and the African Institute for Mathematical Sciences Next Einstein Initiative (AIMS-NEI), signed a Memorandum of Understanding on Monday to strengthen education, training and research in mathematical sciences in Africa. “Africa must not sit on the sidelines as others create technology and we consume it. If we want to leverage AI and other cutting edge technologies and compete globally, we must train researchers and engineers who create the equations and...

African Development Bank, Global Mechanism of the United Nations Convention to Combat Desertification join forces to strengthen capacity in climate change and land degradation

15-Jul-2019 - 15-Jul-2019 - The African Development Bank and the Global Mechanism of the United Nations Convention to Combat Desertification (GM/UNCCD), in partnership with UN Women, are joining  forces to strengthen the capacity of African stakeholders to tackle climate change. The resolution followed a workshop, hosted at the African Development Bank Headquarters in Abidjan, Cote d’Ivoire, from 10 to 12 July 2019, on the topic of Nationally Determined Contributions (NDC) and Land Degradation Neutrality (LDN). Participants in the workshop...

Call for Abstracts: 6th International Symposium on Knowledge and Capacity for the Water Sector

15-Jul-2019 - 15-Jul-2019 - ABIDJAN, Cote d’Ivoire 15 July 2019 - The African Development Bank is joining the IHE Delft Institute for Water Education, the Asian Development Bank, UN Habitat and other development partners, in preparing the 6th International Symposium on Knowledge and Capacity for the Water Sector, themed: From Capacity Development to Implementation Science. The Symposium will take place from 27-29 May 2020 in Delft, the Netherlands and convene key stakeholders to explore the skills, knowledge and attitudes needed by water professionals...

Angola, African Development Bank and Portugal Sign Lusophone country-specific compact to fast-track private sector investment

15-Jul-2019 - 15-Jul-2019 - © Rodrigo Subtil / Camões, I.P.  L to R: H.E. Teresa Ribeiro, Secretary of State for Foreign Affairs and Cooperation, Alternate Governor for Portugal, Hon. Pedro Luís da Fonseca, Minister of Economy and Planning, Alternate Governor for Angola and Mateus Magala, Corporate Services and Human Resources Vice President and Chair of the Lusophone Compact Steering Committee.   Luanda, Angola, 15 July 2019 –Angola is the latest African Portuguese speaking country to sign a country specific memorandum of...

Africa Investment Forum (AIF)

12-Jul-2019 - 12-Jul-2019 - Africa Investment Forum (AIF): 7-9 November, 2018, Johannesburg, South Africa   The African Development Bank’s innovative marketplace dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals. Bringing together pension funds, sovereign wealth funds, private investors, policy makers, private equity firms, and heads of government. The Africa Investment Forum is a co-guarantee and co-financing platform to raise capital and accelerate investment to...

African Development Bank approves new financing program for energy providers, 4.5 mln people in sub-Saharan Africa to benefit from off-grid power by 2025

12-Jul-2019 - 12-Jul-2019 - Abidjan, Côte d’Ivoire, July 12, 2019 – The Board of Directors of the African Development Bank Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan Africa – about 4.5 million people -  gain access to solar power by 2025. The DESCOs Financing Program promotes securitization financing techniques to address barriers to accessing finance for DESCOs, while supporting their growth and expansion into existing and new...

La Banque africaine de développement soutient le démarrage du Marché financier unifié d’Afrique centrale

12-Jul-2019 - 12-Jul-2019 - Abidjan, 10 juillet 2019 - La Banque africaine de développement (BAD) réunit les acteurs du marché financier régional en Afrique centrale pour promouvoir le démarrage du Marché financier unifié d’Afrique centrale, le 15 juillet à Douala au Cameroun. Les spécialistes en valeurs du trésor, les Trésors, la Banque centrale et les organes de supervision, se réunissent du 15 au 17 juillet pour finaliser les textes portant approfondissement et développement du marché des valeurs du trésor ainsi que son impact économique et financier...

Board approves Independent Review Mechanism’s recommendations of the first monitoring report on Modern Mills of Mali (M3) Project

12-Jul-2019 - 12-Jul-2019 - On 10 July 2019, the Board of Directors of the African Development Bank Group approved recommendations of the first monitoring report of the Independent Review Mechanism (IRM) on the «Diversification of Activities of the Modern Mills of Mali” (M3) Project in Mali.   The Board asked Bank management to update its action plan and submit biannual supervision reports to the IRM on the progress made in its implementation. Finally, it authorized the independent Review Mechanism (IRM) to conduct a second monitoring mission to...

African Union summit: Niger’s President calls for strong support to the Bank’s General Capital Increase and African Development Fund’s Replenishment

11-Jul-2019 - 11-Jul-2019 - Niamey, Niger, 08 July 2019 – In his opening remarks at the plenary session of the Regional Economic Communities (RECs) meeting, in Niamey, the President of Niger, Mahamadou Issoufou, commended the African Development Bank for its highly valuable contributions to bringing the launch of the African Continental Free Trade Area agreement (AfCFTA) into fruition. President Issoufou called for strong support to the African Development Bank’s quest for a General Capital Increase, “that will help accelerate the continent’s...