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African Development Bank Undertakes mission to Somalia to assess portfolio and implementation of development objectives
17-Apr-2024 - The African Development Bank has concluded a three-day mission to Mogadishu, Somalia in preparation for completion of the country’s Interim Country Strategy Paper (I-CSP) 2022-2024 and annual Country Portfolio performance review. The Bank team participants in the visit, which took place from 26th to 28th March 2024, sought to discuss implementation of the Bank’s strategy for the country, assess the Bank’s portfolio performance, and to draw lessons for the design of the new Country Strategy Paper for 2025-2029.
Annual Meetings 2024: Better allocating international financial resources to speed Africa's transformation
16-Apr-2024 - Back in February 2013 in Tunis, in response to a journalist who had asked her how the African Development Bank Group differed from other institutions, Ellen Johnson-Sirleaf, then President of Liberia, replied, "simply the confidence it inspires. I can say without any hesitation that the Bank has played a decisive role in my country in the aftermath of the conflict.
African Natural Resources Management and Investment Centre issues new report: “Further processing of wood products in Africa will contribute to the continent’s industrialization and integration”
16-Apr-2024 - In March 2024, the African Natural Resources Management and Investment Centre issued a new report, in English-only, “Regional timber-trade flows and trends in Africa”. The report offers guidance on taking full advantage of the timber trade in Africa.
The African Development Bank presents three operational innovations from its EInA-North Africa initiative designed to improve the impact of entrepreneurship support programmes
08-Apr-2024 - The African Development Bank, through its entrepreneurship support initiative for North Africa, EInA (Entrepreneurship, Innovations and Advice), held a regional technical workshop on operational innovations to be adopted by countries in Cairo from 12 - 13 February 2024, to optimise the design of public support programmes for entrepreneurship and micro, small and medium-sized businesses (MSMEs).
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.
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...
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.
Leadership: An alliance with time
27-Mar-2024 - Original story: https://x.com/NGRPresident/status/1766506463520850187?s=20 Protocols…
African Development Bank champions private-public partnerships and good governance for universal water access in Kenya
26-Mar-2024 - Kenya’s Water and Sanitation Investors Conference 2024, held in the capital, Nairobi, concluded with a call for accelerated investment towards universal access to water and sanitation by 2030. The March 6-8 conference underscored the need for collaboration to support governments in bridging the financing gap through private sector funding, blended financing from commercial banks, Development Finance Institutions, and capital markets. Kenya requires about Ksh 995 billion (around $7.5 billion) to achieve universal access to water and sanitation...
International Day of Forests: Global Experts Urge Action as Africa Grapples with $65 Billion Timber Trade Deficit
26-Mar-2024 - Africa must work to urgently address its staggering $65 billion timber trade deficit to position forests as a critical driver for the continent’s future development, global experts urge. This deficit, accrued between 1992 and 2020, reflects the continent’s imbalance between earnings from timber exports and expenditures on imports of wood-related products, they said during a panel discussion to commemorate this year’s International Day of Forests on March 21.
The African Development Bank’s annual portfolio review of Global Agriculture for Food Security Program (GAFSP)
22-Mar-2024 - At the Sir Dawda Kairaba Jawara International Conference Center in Banjul, The Gambia, 50 participants attended the African Development Bank’s annual Portfolio review of the Global Agriculture for Food Security Program (GAFSP) this March.
Experts Discuss Market Conditions, Performance and Expectations for Green Bonds and Sustainable Debt Issuance in Africa
20-Mar-2024 - Experts meeting in Abidjan this week agreed that Africa has not yet fully grasped the opportunities offered by green bonds (bonds issued to finance investments that meet strict sustainability requirements) and that a new approach is needed to raise awareness of these financial instruments on the continent.
Empowering vulnerable women: African Development Bank financing bolsters economic inclusion in Togo
12-Mar-2024 - Some 45 kilometres from Lomé, in the village of Aného, a transformative initiative is reshaping the lives of vulnerable women like Adjoa Agbomassi. Following her successful treatment from obstetrical fistula, Adjoa now stands proudly by her vegetable stalls, a testament to the success of the Project to Support the Financial Inclusion of Vulnerable Women in Togo (PAIFFV).
Celebrities crowd Adesina Obafemi Awolowo Prize ceremony in Lagos
11-Mar-2024 - Original story : https://newafricanmagazine.com/30296/ The 2023 Obafemi Awolowo Prize for Leadership was formally presented to Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) during a glittering ceremony held at the Lagos Continental Hotel on the 6th of March. The large guest list was virtually a who’s who of Nigerian society past and present and also included Presidents and Heads of State of other African countries.
#IWD2024: African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) is investing in women, accelerating Africa’s progress toward gender-inclusive economic growth
08-Mar-2024 - By Dr. Beth Dunford Africa is undergoing a fundamental reset in mindset toward investing in its women entrepreneurs. For too long, too many commercial banks and other financial institutions have been on the wrong side of business practice when doing business with Africa’s women-led small and medium enterprises.
#IWD2024: Impactful investment: African Development Bank support shapes scholarship graduate career in drone-enabled public health
08-Mar-2024 - The African Development Bank’s Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies. The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa, which is to increase innovation connected to industrialization and development needs.
#IWD2024: Africa Fertilizer Financing Mechanism Investing in Women Cocoa Producers Contributes to Accelerating Progress for Côte d’Ivoire Coop
08-Mar-2024 - San Pedro is located in southwestern Côte d'Ivoire, and producing cocoa alone here can be an uphill battle. For Sandrine Assi, one of San Pedro’s women cocoa producers, these challenges are all too familiar. The size of her small farm, the high cost of hired labor, expensive fertilizers, middlemen cutting into her profits, and market price volatility all mean that farmers like Assi who venture into the cocoa business independently often bring home less money at the end of the harvest season than they’d like.
African Water Facility Hosts Key Donors on Implementing its Flagship Program and Developing its Strategy 2026 –2030
06-Mar-2024 - The African Water Facility (AWF) of the African Development Bank welcomed representatives from the Danish Ministry of Foreign Affairs and the Nordic Development Fund to its headquarters in Abidjan on 21 February 2024 to review the progress of shared priorities and strategic planning for the 2026-2030 period.
United Nations Environment Assembly: The African Development Bank urges action to promote inclusive production and consumption within planetary limits
01-Mar-2024 - At the sixth United Nations Environment Assembly (UNEA6), the African Development Bank has called for African countries to take urgent, concrete measures to adopt circular economy practices and boost efficient resource use for sustainable production and consumption.