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Paul Kagame encourages Africans to determine their choice of development

28-May-2013 - “Agriculture remains a crucial cornerstone to Africa’s economic transformation, and there are many examples where it has been pivotal to the realized growth, Rwandan President Paul Kagame said during the

Africa Should Rely on Self for the Success of Structural Transformation

28-May-2013 - The policies implemented to develop Africa have not helped the continent surmount its difficulties, poverty, unemployment; the lack of infrastructure ... To put this right, the African Development Bank (AfDB) has decided to make structural transformation the central piece at the Annual Meetings officially opened on May 27 in Marrakech, Morocco, a forum to deliberate on the best development strategies.

Technology Can Help Africa Leap-Frog Development Challenges

28-May-2013 - Appropriate deployment of technology can help African countries to solve some of their development challenges. This is the consensus view that emerged during discussions on a new flagship report titled “eTransform Africa” at the ongoing African Development Bank’s (AfDB) Annual Meetings in Marrakech, Morocco.

How to Improve Fiscal Transparency, Accountability and Grassroots Participation in Africa

28-May-2013 - Finance Ministers and representatives from various African countries came together on Monday, May 27, Day 1 of the African Development Bank’s 48th Annual Meetings, to discuss success stories, opportunities and challenges in improving fiscal transparency and grassroots participation in Africa.

President Kagame Says Agriculture is Key to Africa’s Transformation

28-May-2013 - President Paul Kagame of Rwanda has identified agriculture as a key sector that can enable Africa’s economic transformation.

AfDB’s New Disclosure and Access to Information Policy will Promote AfDB Ten-Year Strategy Objectives

27-May-2013 - The Disclosure and Access to Information Policy (DAI) was the central theme at a regional sensitization and information workshop for North African countries held on the sidelines of the African Development Bank Annual Meetings which opened in Marrakech on May 27,

Annual Meetings 2013: Entrepreneurs to Showcase Work at Roundtable on Fostering Africa’s Innovation Revolution

27-May-2013 - Panelists of a high-level roundtable, featuring leading policy-makers, technologists and investors from across Africa, will discuss how to create an enabling environment to realize the potential of the innovation and technological shifts occurring in Africa. Taking place at the African Development Bank Annual Meetings on May 28 in Marrakech, the event shall also see finalists from the Meet the Lions entrepreneurs competition showcase their work.

African Legal Support Facility governance council meets in Marrakesh

27-May-2013 - Vulture funds, the negotiation of complex commercial agreements and the reinforcement of juridical capacities of African managerial staff were the main issues that the management council of the African Legal Support Facility (ALSF) examined on May 27, 2013, in Marrakech, on the sidelines of the African Development Bank’s Annual Meetings.

Natural Resources Can Fuel Africa’s Economic Transformation

27-May-2013 - Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2013, released here today.

AfDB and its Partners to Focus on Africa’s Future at Annual Meetings in Morocco

27-May-2013 - The 48th Annual Meetings of the African Development Bank (AfDB) opened on May 27 in Marrakech, Morocco, focusing on the need for Africa to turn economic growth into truly shared and sustainable economic transformation in the next half century.

Delegates Converge in Marrakech for 48th AfDB Annual Meetings

27-May-2013 - All roads lead to Morocco this week as hundreds of delegates converge on Marrakech for the 2013 Annual Meetings of the African Development Bank Group (AfDB), which kicks off today with a series of discussions on how to transform Africa’s economy to sustainable inclusive green growth.

One billion opportunities: Building human capital in Africa

27-May-2013 - Sustainable development in Africa will not be possible if those responsible do not factor in large segments of the population and ensure that training and capacity building efforts match the real needs on the ground. These are the findings of a panel discussion held on May 27 in Marrakech, Morocco, at the 48th Annual Meetings of the African Development Bank (AfDB). 

Business Opportunity Seminar - “Boosting African Private Sector through Financing and Business Opportunities”

26-May-2013 - Register Now! Africa’s Structural Transformation is highly dependent on a strong and competitive private sector. Boosting African private sector entails providing support in improving the business environment and access to market opportunities; providing financing, business assistance and advisory services to companies; strengthening institutional frameworks and promoting commerce and the integration of regional markets.

AfDB President commends AU during 50th anniversary celebrations

25-May-2013 - “The sleeping giant is on its way,” stated African Development Bank President Donald Kaberuka during the opening of the 50th anniversary of the African Union in the Ethiopian capital Addis Ababa on Saturday, May 25, as leaders from across the continent marked the progress made over the past five decades.

AfDB Returns to the Ugandan Capital Market With its Second Shilling Bond

24-May-2013 - The African Development Bank (AfDB) has launched its second Uganda-shilling denominated bond on the domestic capital market. The UGX 12.5 billion bond is opened for subscription until the 27th of May. It is the latest issuance under the UGX 125 billion Medium-Term Note (MTN) Programme originally established in mid-2012. The MTN approach was adopted to allow the Bank to regularly tap into the Ugandan capital market, issuing various tranches, rather than standalone transactions thereby minimizing costs for its clients and reducing the lead time...

AfDB President Commends Tunisian Hospitality

24-May-2013 - The President of the African Development Bank Group, Donald Kaberuka, Thursday, May 23, in Tunis, called on the Tunisian Prime Minister, Ali Laarayedh. President Kaberuka underscored the friendship between the AfDB and Tunisia and expressed gratitude to the Tunisian Government and people for their hospitality to the institution for the past 10 years. “We are home in Tunisia,” affirmed the AfDB President.

AfDB Approves a USD 100 million Risk Participation Agreement with Commerzbank AG to Boost Trade Finance in Africa

23-May-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing.

AfDB Approves a USD 20 million Trade Finance Line of Credit for UT Bank Ghana to Support SMEs and Local Corporates

23-May-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana. 

Regional Integration for Africa’s Structural Transformation

23-May-2013 - Africa needs accelerated growth and “structural transformation” in order to take the bulk of its population out of poverty.

AfDB and Malawi Sign Budget Support and Hydroelectric Feasibility Study Grants

23-May-2013 - The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi’s reforms aimed at restoring macroeconomic stability and enhancing public finance management, as well as support social protection measures.