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Media registration for African Development Bank Group’s Annual Meetings - Nairobi, Kenya, 27-31 May 2024
05-Apr-2024 - The African Development Bank Group will hold its 2024 Annual Meetings at the Kenyatta International Conference Center in Nairobi, from 27 to 31 May. Up to 3,000 delegates, including African heads of state, ministers, central bank governors, members of the development community, the private sector, and other stakeholders will attend. This year’s theme is “Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture.”
Young people in the Central African Republic can now enter the digital professions thanks to fibre-optic capacities installed with AfDB and EU support
05-Apr-2024 - The two-storey building in downtown Bangui, the capital of the Central African Republic (CAR), has a futuristic air. First impressions don’t deceive: inside, a fully equipped digital training centre is tailor-made for online courses. The up-to-date equipment includes a digital printer to make prototypes of students’ designs.
African Development Bank and Central African Republic forge stronger alliance to tackle fragility and drive sustainable development
05-Apr-2024 - The African Development Bank and the Central African Republic (CAR) have reinforced their partnership during an official visit by Marie Laure Akin-Olugbade, Vice President for Regional Development and Business Delivery, from 25-27 March. Akin-Olugbade engaged with key stakeholders and government leaders, including President Faustin-Archange Touadera and Prime Minister Felix Moloua, reaffirming the Bank’s commitment to advancing the Central African Republic’s development agenda. She also met with development partners and beneficiaries of Bank-...
Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank YEI MDTF grant for green jobs in natural resources
05-Apr-2024 - The African Development Bank, through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities.
African Legal Support Facility appoints Akere Muna as Goodwill Ambassador
05-Apr-2024 - The African Legal Support Facility (ALSF) has appointed Akere Muna, an eminent lawyer and international legal consultant, as Goodwill Ambassador, marking a new chapter in its commitment to build sustainable legal capacity on the African continent. Muna was appointed by the Governing Council of the ALSF for a term of three years - a first time in the history of the young institution.
African Development Bank Group to open regional office in Central Africa
04-Apr-2024 - What: Official opening of the African Development Bank Group’s regional office for Central Africa Who: Government of Cameroon, African Development Bank Group When: Tuesday 12 April 2024, at 10 am (GMT+1) Where: Yaoundé The African Development Bank Group will officially open its new office for Central Africa on 12 April 2024. The office is located in Yaoundé, Cameroon.
Gender in Focus: Affirmative Finance Action for Women in Africa-funded training gives women entrepreneurs tools and confidence to grow
04-Apr-2024 - Editor’s note: The African Development Bank’s Affirmative Finance Action for Women in Africa initiative aims to increase access to financing for the continent’s women-run business, to grow their commerce. This AFAWA effort includes a Women Entrepreneurship Enablers Program, which provides up to $250,000 in grant funding to women’s business associations, incubators, accelerators and cooperatives that advance women’s entrepreneurship. Inductees to the Enablers Program have provided more than 5,000 women-owned and led businesses with capacity...
Largest US bank JPMorgan Chase to deepen partnerships with the African Development Bank Group
04-Apr-2024 - African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions.
Canada pays tribute to its solid partnership with the African Development Bank Group, keen to expand its development cooperation
04-Apr-2024 - Canada reaffirmed its partnership with the African Development Bank Group during a meeting between Cheryl Urban, Canada’s Assistant Deputy Minister responsible for International Affairs for Sub-Saharan Africa, and the Bank’s Senior Vice President, Bajabulile Swazi Tshabalala. Urban visited the Bank’s headquarters in Abidjan on Monday, 25 March 2024. The meeting provided an opportunity to discuss strengthening ties between the Bank, the premier development institution in Africa, and Canada, a key shareholder.
Multilateral Development Banks launch joint tool to assess country Electronic Government Procurement (eGP) Systems
03-Apr-2024 - The heads of procurement of the Multilateral Development Banks (MDBs) have collaboratively developed a comprehensive and user-friendly tool for assessing electronic government procurement (e-GP) systems of partner countries.
Global Architectural Reform to top agenda of the African Development Bank's 2024 Annual Meetings
03-Apr-2024 - As the African Development Bank turns 60 this year, the institution will reflect anew at its upcoming Annual Meetings, on the ongoing economic challenges facing its member countries and the participation of African countries in the global financial system.
Africa Energy Market Place - Towards Nigeria's Sustainable Energy Future: Policy, Investment, and Regulation
02-Apr-2024 - What: The 8th Africa Energy Market Place (AEMP) Who: African Development Bank, The Federal Ministry of Power-Nigeria When: 15-17 April (Online); 7-8 May 2024 (in-person) Where: Zoom (15-17 April); Transcorp Hilton, Abuja, Nigeria (7-8 May 2024)
Investing in the Next Generation: How Nigerian University of Technology and Management and African Development Bank are Pioneering Youth Skilling in Africa
01-Apr-2024 - President of the African Development Bank Group Dr Akinwumi Adesina and the leadership of the Nigerian University of Technology and Management (NUTM) say equipping Africa’s youth with quality education and the skills needed to meet the challenges of the future is critical to ensure the development of the continent and the world. “We are not doing well enough for Africa’s 477 million youths. We are not harnessing their skills, talent and creativity,” Dr Adesina told members of the university’s Board who called on him at the Bank’s headquarters...
RASME Launch in Kenya to improve implementation of Bank projects
28-Mar-2024 - The Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) initiative was launched in Kenya recently. Kenya now joins 31 other regional member countries where RASME has already been launched. The digital tool collects geo-localised data from the field using mobile devices, thereby strengthening project supervision. Data are securely stored centrally for easy access and review by authorised stakeholders.
Powering economic growth: African Development Bank President calls for political will to kick-start Inga 3 project and end South Africa’s energy crisis
28-Mar-2024 - African Development Bank Group President Dr Akinwumi Adesina has called for a major political commitment to kick-start construction work on Democratic Republic of Congo’s giant Inga 3 dam, which has the potential to meet the power needs of more than a dozen countries in central and southern Africa. “We have been talking about Inga 3 for many years… What we need is political coordination,” Adesina told members of the Board of Directors of the Development Bank of Southern Africa (DBSA) led by its Chairman Ebrahim Rasool during a recent meeting...
Nigeria: African Development Bank signs $75 million loan agreement to boost Indorama’s fertilizer production and export capacity
28-Mar-2024 - The African Development Bank has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job creation in Nigeria.
African Development Bank Debars China Henan International Cooperation Group Company Limited for 12 Months for a Fraudulent Practice
28-Mar-2024 - The African Development Bank Group, on 28 March 2024, announces the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company Limited, thus putting an end to sanctions proceedings for a fraudulent practice against China Henan International Cooperation Group Company Limited. Pursuant to the negotiated settlement agreement, China Henan International Cooperation Group Company Limited, registered in China, will be debarred for a period of 12 months, effective 28 March 2024.
Mozambique: African Development Bank, UNDP explore stronger cooperation on shared priorities
28-Mar-2024 - The African Development Bank and the United Nations Development Programme (UNDP) have jointly identified knowledge production, policy dialogue and advocacy, as well as leadership as spheres for closer cooperation to bolster Mozambique’s resilience to conflict, climate change and other challenges.
African Development Bank Group Secretary-General to hold press conference ahead of Annual Meetings 2024
27-Mar-2024 - What? Press conference on the Annual Meetings 2024 Who? Vincent Nmehielle, Secretary-General of the African Development Bank Group When? 3 April 2024 at 10.00 GMT Where? CCIA building, Abidjan and by videoconference