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The pandemic is no time for fiscal distancing

03-Apr-2020 - These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic across financial markets, as economies drastically slow down, and supply chains are severely disrupted.  Extraordinary times call for extraordinary measures. As such, it can no longer be business as usual. 

African Development Bank approves $2 million emergency assistance for WHO-led measures to curb COVID-19 in Africa

01-Apr-2020 - The Board of Directors of the African Development Bank on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts. The grant, which is in response to an international appeal by the WHO, will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19.

São Tomé-et-Principe : la Banque africaine de développement fait un don de plus de 12 millions d’euros pour financer la transition énergétique

27-Mar-2020 - Le Conseil d’administration du Fonds africain de développement (FAD), le guichet de financement concessionnel du Groupe de la Banque africaine de développement, a approuvé, mercredi 25 mars à Abidjan, un don de 12,46 millions d’euros (10 millions d’Unités de compte) destiné à financer le Programme de transition énergétique et d’appui institutionnel (ETISP) à São Tomé-et-Principe.

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

27-Mar-2020 - The African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.  

Zimbabwe: African Development Bank approves $8.25 million loan to food producer Olivine Industries

27-Mar-2020 - The Board of Directors of the African Development Bank Group has approved a $8.25 million corporate loan to Olivine Industries Limited to support the company’s food production expansion plan in Zimbabwe. The Bank’s loan, approved on Wednesday, will enable the company to construct new processing plants for margarine and tomato sauce and install upgraded machinery with advanced technologies. Olivine plans to increase its domestic and regional production capacity and food supply.

Coronavirus and Climate Change: Observing World Water Day

23-Mar-2020 - The theme of this year’s World Water Day, observed on 22 March, is water and climate change. The issue has taken on greater urgency, given the global spread of coronavirus, also known as COVID-19, responsible for over 13,000 deaths worldwide to date. Hand washing with soap and water is the first line of protection against coronavirus. Scientists say soap renders coronavirus cells inactive and weakens the virus’ bonds to the skin.

Egypt: the furniture industry generates jobs and wealth in Damietta

20-Mar-2020 - As the early morning sun lights the roofs of Damietta, the Egyptian city’s streets begin to come alive. Children are off to school, motorbikes fill the avenues, and shop doors begin opening to welcome their first customers. It is early in the morning, but the excitement can already be felt in the “Masoud Elkholy Furniture” workshop. Forty people work in the 3,000m2 building, starting up machinery to create wooden furniture. Along with his two brothers, Elsaied Elkholy runs Masoud Elkholy Furniture, the brand founded by his father.

African Development Bank announces bold measures to curb coronavirus

18-Mar-2020 - The African Development Bank on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to Bank buildings, and the cancelation of all travel, meetings, and conferences, until further notice.

The African Development Bank’s Facility for Energy Inclusion attracts $160m in commitments for small-scale renewable energy

16-Mar-2020 - The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI.

La Banque africaine de développement entre au capital du fonds d’investissement Yeelen Financial Fund L.P.

12-Mar-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 11 mars à Abidjan, une prise de participation de 12 millions d’euros au capital du fonds Yeelen dédié au secteur financier.

Botswana: African Development Bank supports economic diversification project through FAPA

12-Mar-2020 - An economic diversification project supported by the Africa Development Bank was launched in Botswana last month to strengthen the small stock, tourism and horticulture industries by improving businesses linkages particularly among small- and medium-sized enterprises (SMEs). The Botswana Economic Diversification Project was launched on 6 February, 2020 in the capital Gaborone, with the aim of diversifying the southern African nation’s economy, which is heavily dependent on minerals, especially diamond exports.

Cameroon: African Development Bank launches project to tackle electricity metering challenges

11-Mar-2020 - The African Development Bank and the multi-donor Fund for African Private Sector Assistance (FAPA) have joined the government of Cameroon to launch an initiative to bolster the deployment of electricity metering services in the country.

Ghana seeks African Development Bank support for domestic development bank

11-Mar-2020 - Ghana is seeking support from the African Development Bank Group to establish a national development bank, the country’s Finance Minister Kenneth Ofori-Atta told a delegation of Bank Executive Directors in Accra last week. “We need your support on that and we hope you’ll come along,” Ofori-Atta said. The Executive Directors, led by Bright Okogu, representing Nigeria and Sao Tome & Principe, were concluding a week-long consultative mission to the West African country.

On International Women’s Day Dr. Jennifer Blanke, Vice President for Agriculture, Human and Social Development takes stock and answers 3 questions about African women and agriculture and gives us results from the ground in Zambia, Zimbabwe and Sudan

08-Mar-2020 - 1. Can you tell the many observing International Women’s Day about the integral role women play in African agriculture? It is well known that women form the backbone of Africa’s economies, and this is as true of agriculture as other areas. In many parts of Africa, well over half of the farmers are women and they are also are very active in value addition such as food processing, as well as in the agricultural service sector. And they do this often back breaking work while also carrying out the unpaid work of running households and child-...

Access to Finance: Why Aren’t Women Leaning In?

08-Mar-2020 - Hanan Morsy As a girl, I was taught to believe that personal agency prevails over societal biases. I was told that I could accomplish anything if I believed in myself and that sexism was not insurmountable. Later, as a woman, I found out that my parents’ advice could not have been wiser. In Africa, the gender gap in access to financial services is driven by women entrepreneurs’ own self-perception. Such perception leaves many African women on the fringes of the financial sector—unable to save, borrow, or build capital.

In Zanzibar, the African Development Bank gives a second chance to young students

08-Mar-2020 - Amid the gently swaying palm trees of the Indian Ocean island of Zanzibar sits a school with a difference. The Raha Leo Alternative Learning Centre provides training to young students who may have otherwise missed out on education altogether. Take 21-year-old Hadia Baruti Wimbi. She left her parents' home when she was only six. "An elderly member of my family came to see my parents, asking if she could take me away. She promised my parents that she would enrol me at school. When she became my guardian, she enrolled her own children, but not me...

President of The African Development Bank Receives 8th African Leadership Magazine African of The Year Award

01-Mar-2020 - Over 200 leading African political, business, and diplomatic leaders gathered in Johannesburg for the 8th African Leadership Magazine Persons of the Year Award dinner. They witnessed Dr. Akinwumi Adesina, President of the African Development Bank, being honored as the African of the Year 2019. 

La Banque africaine de développement forme ses représentants au sein des conseils d’administration des entreprises et des institutions financières

21-Feb-2020 - La Banque africaine de développement a organisé, début février à Abidjan, une session de formation au profit de ses représentants dans les conseils d’administration des entreprises et des institutions financières nationales, régionales et continentales. Cette formation sur la gouvernance des entreprises et des institutions financières a été pilotée par le département de la Banque en charge des Opérations non souveraines et du soutien au secteur privé (PINS).

Sénégal : les administrateurs de la Banque africaine de développement à l’écoute de la société civile et du secteur privé.

21-Feb-2020 - Les administrateurs de la Banque africaine de développement ont rencontré, ce jeudi, les acteurs du secteur privé et de la société civile sénégalaise. Les premiers échanges ont eu lieu, entre autres, avec la Confédération nationale des travailleurs du Sénégal – Forces du changement (Cnts-Fc), du Conseil des ONG pour le développement (Congad), du Conseil national de la jeunesse et d’organisations de personnes victimes de handicap.

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

10-Feb-2020 - Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.  

The third review of the independent review mechanism launched

23-Jan-2020 -  The third review of the Independent Review Mechanism (IRM) of the African Development Bank Group started in December 2019 and will run until January 2021. An international and independent firm called Savanas E Enseadas LDA was selected to conduct this assignment through a competitive bidding process.

Zimbabwe: African Development Bank, UN and World Bank launch 2019 Needs Assessment Report to spur economic recovery

15-Jan-2020 - The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, the first to be prepared jointly in Zimbabwe by the three organizations, was produced after the Government of Zimbabwe requested them to assess the scope of challenges and needs.

Tunis: African Development Bank briefs staff and stakeholders on independent review mechanism at anti-corruption day

19-Dec-2019 - An outreach session on the African Development Bank’s Independent Review Mechanism (IRM) took place in Tunis on 11 December 2019. 

COP 25: After renewable energy, what else can salvage climate change? African Development Bank presents update on Adaptation Benefits Mechanism

18-Dec-2019 - Three decades ago, renewable energy was considered too futuristic. The idea of plugging a car into a wall socket was unthinkable. Today, both these things are a reality. And renewable energy is expected to attract $2.3 trillion in investment this year. The same will be true in the next phase of the world’s response to climate change for adaptation, said Luc Gnacadja, chair of the recently formed interim Executive Committee of the Adaptation Benefits Mechanism (ABM).

COP 25: Africa pushes for special consideration in Madrid climate talks

16-Dec-2019 - As terrible floods inundate their country, close to 100 Kenyan delegates have convened in Madrid, Spain, along with thousands of global leaders, for the COP 25 climate conference. Of particular concern to African delegates is the disparity between the continent’s contribution to global warming emissions and its vulnerability to climate change impacts. Collectively, the 54 African states represented at the UN climate talks account for less than 4% of global emissions, yet across the continent, every nation is feeling the effects of a changing...

African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects

12-Dec-2019 - The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent.

In Senegal, the African Development Bank supports farmers to build food security

11-Dec-2019 - Gnilane Faye stands proudly by her chicken coop with her son, Serigne Saliou Ba, beside her. Faye, a Senegalese farmer and a beneficiary of the Pasa Loumakaf food security project supported by the African Development Bank, shows off her accounting book and explains how her business started.

COP 25: African parliamentarians called on to speak as one for their voice to be heard

11-Dec-2019 - African parliamentarians should speak as one to make their voice heard in climate negotiations, Arona Soumaré, the African Development Bank's principal expert in climate change and green growth, said on Thursday during the 25th session of the Conference of the Parties on climate change (COP 25).

Are Nature Based Solutions the key to Africa’s climate response?

06-Dec-2019 - While the UN climate talks are celebrating their 25th year, carbon emissions around the world have continued to climb. For many, that is where natural solutions could play a key role in managing a dramatic climate transition. Nature-based solutions or the process of working with and around natural ecosystems to deliver real-world benefits for climate resilience and sustainable development, took center stage on day 4 of COP25 in Madrid).

African Economic Conference: The do’s and don’ts of youth employment

06-Dec-2019 - African governments, working with civil society and the private sector, should formulate deliberate policies to boost employability, particularly of the continent’s youth, according to regional surveys presented at this year’s African Economic Conference (AEC) in Sharm El Sheikh, Egypt. Researchers Abou Kane from Senegal, Joachim Tindo from Cameroon and Togo’s Mawussi Djahini-Afawoubo administered the survey to analyze the labor market in their respective countries.

Burkina Faso: African Development Bank approves €48,82 million for Desert to Power Yeleen programme to increase solar generation

04-Dec-2019 - The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now!

04-Dec-2019 - “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with only 0.41 percent growth in employment.

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

04-Dec-2019 - Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm El-Sheikh on Tuesday, the young business leaders said their role as engines of growth needed to be taken more seriously.

Conférence économique africaine 2019 : adapter la formation professionnelle aux besoins du marché pour accroitre les opportunités d’emplois des jeunes africains

04-Dec-2019 - Les experts et chercheurs présents à la Conférence économique africaine 2019, ont dressé un tableau des faiblesses du marché du travail en Afrique. Selon eux, ce marché est caractérisé principalement par l’inadéquation de la formation, un accès difficile et un environnement économique dominé par le secteur informel.  Au cours de cette session sur « Emploi des jeunes en Afrique, opportunités et défis », les jeunes chercheurs ont fait le point de la situation au Ghana, Togo, Bénin, Cameron et au Congo.

The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex

04-Dec-2019 - President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014.

Doughnuts from sweet potatoes: young African entrepreneur makes business a tasty success

03-Dec-2019 - When Regis Umugiraneza graduated from college in Rwanda he didn’t know what to do. Then he discovered that sweet potatoes, a popular harvest in his country, could be the answer. Umugiraneza, co-founder and chief executive officer of Carl Group, is one of the young African entrepreneurs selected as youth speakers at the 2019 African Economic Conference underway in the Egyptian city of Sharm El Sheikh.

Conférence économique africaine à Charm el Cheikh : « réformer l’offre de formation et le marché du travail pour offrir plus d’opportunités aux jeunes africains », indique un panel d’experts

03-Dec-2019 - Les participants de la première session plénière de la conférence économique africaine 2019, à Charm el-Cheikh, en Egypte ont indiqué deux défis principaux, à savoir, identifier les besoins du marché du travail et restructurer les économies africaines. Les participants à cette session ont discuté des entraves aux actions gouvernementales, qui réduisent les opportunités d’emplois aux jeunes africains. Il s’agit surtout, selon eux de créer des emplois décents pour les jeunes, en leur offrant des alternatives durables à la pauvreté tout en...

Sommet Mondial sur le genre 2019 à Kigali : avec « Entreprenarium », les femmes entrepreneures à l’école des bonnes pratiques d’investissement

03-Dec-2019 - Dans le cadre du Sommet mondial sur le genre 2019 organisé à Kigali, des sessions interactives de formation et de renforcement de capacités ont été animées par des experts, via le programme « Entreprenarium », à destination des entrepreneures du continent, intéressées par les meilleures pratiques d’investissement.

African Development Bank launches digital tool to help African youth learn to code

03-Dec-2019 - The African Development Bank and technology firm Microsoft today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future.

Conférence économique africaine 2019 - A Sharm el-Cheikh, l’emploi et le développement des capacités des jeunes africains, au cœur des débats

03-Dec-2019 - Plus de 350 parties prenantes convergent vers Charm el-Cheikh en Égypte, pour participer à la Conférence économique africaine (AEC) de 2019 qui porte cette année, sur les questions liées à l’emploi, à la compétence et au développement des capacités des jeunes africains.

2019 African Economic Conference: A clarion call for bolder action to tackle Africa’s youth jobs crisis

02-Dec-2019 - The 2019 African Economic Conference (AEC) opened in the Egyptian resort city of Sharm El Sheikh on Monday with a call on African policymakers to take bold steps to tackle red-tape and high startup costs  in order to create decent and well-paying jobs for the continent’s youth. Addressing the opening plenary of the three-day conference, Egypt’s Minister of Investment and International Cooperation, Sahar Nasr said the conference provided a critical platform to address the challenges of jobs for the youth on the continent.

Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain

29-Nov-2019 - The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference.

Sommet mondial sur le genre à Kigali : les entrepreneures africaines plaident pour des prêts à taux réduits

27-Nov-2019 - Les entrepreneures africaines, présentes en grand nombre à la 4ème édition du Sommet mondial sur le genre à Kigali, ont appelé, ce mercredi, les institutions financières à leur accorder des prêts à taux réduits pour le financement de leurs projets.

Sommet mondial sur le genre à Kigali : il faut promouvoir la parité dans le secteur énergétique pour lutter contre le changement climatique, selon des experts

26-Nov-2019 - Des spécialistes des questions énergétiques ont plaidé, ce mardi, en faveur d’une parité du genre dans les secteurs liés à l’énergie afin de lutter efficacement contre le changement climatique, lors du Forum sur le genre, qui se tient jusqu’au 27 novembre à Kigali, capitale du Rwanda.

Bring women to the table to build peace in Africa, say gender experts

26-Nov-2019 - Women bear the brunt of conflict and for peace building to be successful they must be involved in conflict resolution and reconstruction at every stage, said gender experts at the 2019 Global Gender Summit in Kigali on Tuesday. Speakers at a plenary session on peacebuilding called for home-grown solutions to conflict and the participation of women in policy and decision making at local, national and regional levels.

First ladies panel seeks urgent policies to translate Africa’s demographic dividend into viable potential

26-Nov-2019 - “Investments in gender equality are critical to realizing demographic dividend, but we need to ensure that women have the tools to overcome the barriers they face,” First Lady of Rwanda, Jeannette Kagame told participants at a panel at the Global Gender Summit in Kigali on Monday. The panel, made up of First Ladies Kagame, Margaret Kenyatta, ministers and development experts, observed that too many women and girls still face barriers to basic rights, particularly access to labour market opportunities.

Project successes in Morocco and Ghana offer lessons in gender and climate change

25-Nov-2019 - The African Development Bank recognizes the importance of addressing gender in efforts to combat climate change and its effects in order to increase the benefits of its projects and aims to be the leading African financial institution in addressing gender and climate change.

Getting women in the driver’s seat of Africa’s agribusiness revolution

24-Nov-2019 - Monica Musonda, CEO of Zambian food processing company Java Foods, certainly faced hurdles in her rise to the top, but she overcame them. “Although the barriers to entry for women can be frustrating, they are often basic and relatively easy to resolve,” she said, playing down her struggles. “My climb up the agribusiness ladder has been challenging but definitely worthwhile.”

Mainstreaming gender in African policymaking: Ensuring no voice is unheard

24-Nov-2019 - Despite remarkable progress made on women’s participation in policymaking, Africa is still far from achieving the 50 percent gender parity target set by the UN’s Sustainable Development Goals (SDGs).

Gender equality: It’s time for disruption, time to shatter the status quo. We can’t afford to wait!

22-Nov-2019 - If you are a gender champion, then you are familiar with the discussions around the glass cliff.  The story of women eager to defy the odds, accepting leadership roles at times of crisis, when the chance of failure is the highest. The truth is that many bold glass cliff climbers have succeeded without falling off. Two of such champions come to my mind: the former Xerox CEO Anne Mulcah and Tokunboh Ishmael, co-founder of Aliethiea IDF.