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Funding options for African countries hit by climate change: Africa Climate Change Fund shows results23-Dec-2019 - The debate around climate change often focuses on the targets that need to be achieved. Another aspect of the discussion is increasingly gaining attention; that is the funding required, for African countries in particular, where climate change has hit the hardest. The Africa Climate Change Fund (ACCF) recently convened an event titled “Supporting African countries to unlock and absorb climate adaptation finance” at the 25th edition of the Conference of the Parties (COP 25) in Madrid, Spain.
‘Let West Africa’s success echo throughout the world.’ ECOWAS hails the success of African Development Bank investments in the region23-Dec-2019 - The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said the Bank had provided “invaluable technical and financial interventions…in the implementation of numerous projects and programmes”.
23-Dec-2019 - The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution. The decision was announced at the end of the fifty-sixth ordinary session of the Authority of Heads of State and Government of ECOWAS, held on Saturday in Abuja, Nigeria.
Tanzania: African Development Bank’s $55 million facility to jumpstart private sector-led economic growth23-Dec-2019 - The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor and vulnerable, and including women and youth.
Global Gender Summit 2019: Climate investment funds can cushion women from adverse effects of climate change23-Dec-2019 - Gender-sensitive climate action can help reduce women’s vulnerability to climate change, according to experts. The topic arose during the Global Gender Summit in Kigali, hosted by the African Development Bank and the government of Rwanda. Panelists discussed gender and social risk management, livelihood diversification and institutional strengthening, at a session entitled “Gender responsive climate action: experience from the Climate Investment Funds,” held on 26 November.
Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation23-Dec-2019 - The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of maintenance and repair workshops for the pumps, and the supply of equipment for a pump testing laboratory to provide certification and training.
Cameroun : la Banque africaine de développement soutient la phase 3 de la Ring Road pour près de 180 millions d’euros21-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 18 décembre 2019, un prêt de 255 millions d’euros pour le financement du « Programme d’appui au transport- phase 3 – construction de la Ring Road- tranche 2 du financement Bad ». La Ring-Road couvre environ 365 km et traverse cinq des sept départements de la Région du Nord-ouest. La route comprend également plusieurs raccordements à la frontière nigériane, notamment à partir de Misaje.
Getting onboard: A new highway along the Nigeria-Cameroon border is helping women commuters and villagers all around20-Dec-2019 - Women commuters along the Nigeria-Cameroon border are breathing a sigh of relief. Before the construction of a cross-border road in the southeast of Nigeria and northwestern Cameroon, women struggled to get seats on public transport; drivers favored male passengers because they could help push stuck vehicles out of the mud. The Enugu-Bamenda Highway has put a stop to this gender discrimination and changed the lives of those on either side of the border in other ways too.
20-Dec-2019 - The year 2019 was a year of exciting firsts for the African Development Bank Group. The year was marked by innovation and several new milestones that brought us closer to the “Africa we want.” The Bank pushed its High 5 strategy forward in tandem with the African Union’s Agenda 2063 and the UN’s Sustainable Development Goals.