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AU, African Development Bank sign $4.8 million grant earmarked for continental free trade secretariat
06-Aug-2019 - The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy.
Namibia hails milestone as it launches expanded Walvis Bay Port
05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation.
Madagascar : Transformer le pays en plateforme commerciale régionale avec la Banque africaine de développement
05-Aug-2019 - Abidjan, Côte d’Ivoire, le 5 août 2019 - La Banque africaine de développement organise, du 5 au 7 août 2019, à Madagascar, un atelier de lancement du Projet d’aménagement de corridors et facilitation du commerce (PACFC). Cet atelier veut examiner avec le gouvernement malgache, les dispositions nécessaires à la mise en œuvre du projet, signé en décembre 2018.Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work
05-Aug-2019 - The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st century skills provision, and by embracing innovation and...
Maroc : La Banque africaine de développement renforce son engagement avec la Société civile d’Afrique du Nord
02-Aug-2019 - Abidjan, Côte d’Ivoire, le 25 juillet 2019 - La Banque africaine de développement (BAD) a organisé à Marrakech, du 25 au 28 juillet 2019, la deuxième Université d’été des jeunes leaders de la Société civile africaine sur le thème « Jeunes, innovation et développement en Afrique ». L’événement était porté par la Division société civile et engagement communautaire de la Banque, en collaboration avec le Centre de développement de la Région de Tensift (CDRT) au Maroc, qui fait office de point focal Afrique du Nord du Comité BAD-Société civile.
Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures
02-Aug-2019 - Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires.
African Development Bank helps power wind of change in Kenya
01-Aug-2019 - Africa’s largest wind farm, a €620 million energy masterpiece boosting 365 turbines in northern Kenya, will help the East African nation stay on track to reach its target of 100% green energy by 2030. Known as the Lake Turkana Wind Power, the 40,000 acre wind farm will generate around 310 megawatts of power to the national grid, enough to light up over 300,000 households.
African Development Bank’s support of electrification changes habits and lightens the load for Guineans
31-Jul-2019 - For over a year in Conakry, the Guinean capital, and in several other major towns and rural areas in the country, habits have changed. Like many of her compatriots, Arama Sire Camara, a fruit and vegetable seller in the province of Kindia (135 km from Conakry) is now much more confident and happy carrying on her business day and night. “With lighting on the road at night and illuminating our goods, it means we are safer, especially with all the cars on the road. You can work for longer after nightfall, and so we can make more of our products...
World Hepatitis Day: WHO urges bolder commitment, resources for 2030 elimination target
30-Jul-2019 - Marking this year’s annual World Hepatitis Day on 28 July, the World Health Organization has called for increased financing for hepatitis prevention, testing, treatment, and care services in the context of universal health coverage (UHC). The theme, “Invest in eliminating hepatitis” highlights new research indicating that about $6 billion in investments is required annually to resource the health sector to achieve global elimination targets by 2030.
From youth empowerment to youth investment: the Jobs for Youth in Africa strategy
30-Jul-2019 - Africa’s greatest asset is its young people. However, without harnessing their potential and equipping them with skills of the future, restless, hungry, unemployed young people could also be Africa’s biggest problem.La Banque africaine de développement lance un projet d’aménagement de corridors et de facilitation du commerce à Madagascar
29-Jul-2019 - Qui ? Banque africaine de développement Quoi ? Lancement du projet d’aménagement de corridors et facilitation du commerce Où ? Hôtel Carlton, salle « Anosy », Antananarivo, Madagascar Quand ? 5 août 2019, de 9h30 à 10h30African Development Bank concludes dialogue with Lesotho on new country strategy
29-Jul-2019 - Abidjan (Côte d’Ivoire), 29th July 2019: An African Development Bank delegation has concluded a dialogue with representatives of the Kingdom of Lesotho to prepare for the country strategy 2020-2024. The dialogue in Lesotho on Friday 26th July 2019 related to the two proposed pillars of implementation: (i) strengthening value chains for sustainable and inclusive growth and job creation, and (ii) leveraging technology for improved governance and institutional capacity.African Development Bank’s appreciation of the work of the Pan-African Farmers’ Organization
29-Jul-2019 - The 4th General Assembly of the Pan-African Farmers’ Organization PAFO, which took place in Kigali, Rwanda on 23 July 2019, brought together some 50 delegates, including representatives from PAFO’s regional bodies, to discuss the continental platform, as well as institutional, organizational and partnership challenges.
African Development Bank President Adesina tells African business community to put capital on the line for the young people of Africa.
27-Jul-2019 - Abuja, Nigeria, 27 July 2019 – President Adesina of the African Development Bank today, 27th July 2019, delivered a clarion call to global investors, political leaders and the business community “to put capital at risk for the young people of Africa”. He added that it was time for African governments to begin to shift from youth empowerment to youth investment. He was speaking during a panel discussion at the Tony Elumelu Foundation (TEF) entrepreneurship forum in Abuja, Nigeria.
Liberia President George Weah moots new agricultural bank to revolutionise economy
26-Jul-2019 - Monrovia, Liberia, 26 July 2019 : Liberian President George Weah has supported calls for agriculture to play a larger role in his country’s economy. Speaking on 25th July 2019 at a donor meeting with African Development Bank President, Akinwumi Adesina, Weah said his government was contemplating the establishment of an agricultural bank. Adesina was quick to advise that such a bank should be called an “agribusiness” bank to acknowledge the economic benefits of the transition from primary production to industrial marketing.African Development Bank helps to modernise South Sudan’s financial systems
26-Jul-2019 - The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development Strategy 2018-2021; the latter confirms the need to restore and maintain economic infrastructure.Tripartite Signing Ceremony of the African Development Bank-funded Project: Greater Banjul Area: Sustainable Urban Development Programme 2020-40 (GBA-SUDP)
26-Jul-2019 - The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency of the three municipalities (Banjul, Kanifing and Brikama), and also provide support to the Banjul port expansion.
Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth
26-Jul-2019 - Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition.
African Development Bank welcomes Fitch’s affirmation of AAA Rating: Driven by extraordinary shareholder support
25-Jul-2019 - The Fitch rating, of the African Development Bank, published 24th July in London, is affirmed as AAA, with a stable outlook, on improved assessments, qualifications and estimates. The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years.