23/01/2017 - “Out of US $331 billion of global climate finance flows in 2014, only 3.6% went to Africa. If only 3.6%, despite Africa’s vulnerability to climate change, something must be wrong”. This, according to Luc Gnacadja, Special Representative for the Board of the Local Climate Adaptive Living Facility (LoCAL). During a panel discussion on Thursday, November 10, 2016 at the Africa Pavilion during the UN Climate Talks (COP22) in Marrakech, participants discussed the challenges involved in accessing climate finance from international funds.
14/01/2017 - Akinwumi Adesina, President of the African Development Bank, has called for improved access to financing to accelerate the transformation of African economies. Speaking before African leaders at the Africa-France Summit which took place in Bamako on January 13-14, Mr. Adesina stressed that Africa can speed up its economic transformation through the Bank’s five main priorities, the “High 5”: “Light up and power Africa”; “Feed Africa”; “Industrialize Africa”; “Integrate Africa”; and “Improve the quality of life of African populations.
11/01/2017 - The President of the Republic of Benin, Patrice Talon, visited on Wednesday 11 January 2017 the headquarters of the African Development Bank (AfDB) Group in Abidjan, Côte d'Ivoire, where he was welcomed by President Akinwumi Adesina, for the presentation of the new program of action of the Government of Benin for the period 2016-2021.
10/01/2017 - African countries will need innovative partnerships and a mix of small-scale and big transformational projects to build resilience and overcome fragility, African Development Bank President Akinwumi Adesina told the Africa Resilience Forum on Tuesday in Abidjan.
06/01/2017 - In the Middle East and North Africa region, concern with inclusive growth has been nurtured by the Arab uprisings after 2010. This interest partly emanated from the need to understand the root causes of these upheavals and partly from the challenges in the post-uprising era which have seen mounting expectations to improve the conditions of the masses. It is noteworthy that the uprisings mainly occurred against a somewhat paradoxical background of a period of relatively improved economic performance in the region.
04/01/2017 - The AfDB publication, “The Role of Nascent Entrepreneurship in Driving Inclusive Economic Growth in North Africa”, analyses the role of nascent entrepreneurship in driving inclusive growth in North Africa. Inclusive growth is economic growth that allows vulnerable population (poor, women, youth), to participate in, contribute equally to, and benefitting from economic growth. The vulnerable population can participate in economic growth through the private sector in two ways, including as employees (job creation) or as business owners (entrepreneurship).
30/12/2016 - At the African Development Bank, 2016 was a transformative year. It was a year of operational accomplishment and institutional renewal.
At the institutional level, the Bank made significant progress in moving its transformation agenda forward. The year started with the launch of the New Deal on Energy for Africa, and a Transformative Partnership on Energy at the World Economic Forum in Davos. The Board discussed and approved four of the High 5 strategies. The Board also approved the New Development and Business Delivery Model (DBDM) and an updated decentralization action plan.
22/12/2016 - The African Development Bank (AfDB) and the Women in Parliaments Global Forum (WIP) convened female Parliamentarians from 12 African countries in Nairobi, Kenya, to share perspectives on strategies for female MPs to promote legal reforms which ensure that women’s property rights are included in all African legal frameworks. The meeting provided an occasion to discuss and address the current African property rights landscape with special attention given to the role of MPs in advancing property and inheritance laws for women across Africa.
22/12/2016 - On 21 December 2016, the Federal Minister of Finance and Economic Planning of Sudan, Badr Eldien Mahmoud Abass and the Resident Representative of the African Development Bank (AfDB) Dr. Abdul Kamara signed an agreement for $29 million to finance the Empowering novel agri-business led employment for the youth (ENABLE Youth) in Sudan.
19/12/2016 - Independent Development Evaluation (IDEV) of the African Development Bank Group (AfDB) has published a report of unprecedented scope, which measures the relevance, effectiveness, sustainability and efficiency of AfDB’s operations across the African continent over the past decade.