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Africa Investment Forum: Development Financial Institutions pledge joint effort to ramp up investment into Africa
09-Nov-2018 - Major Development Finance Institutions (DFIs) have agreed to join forces to help boost private investments in developing economies, particularly those in Africa. The commitment was made by high-profile representatives from development finance institutions in Europe, Africa and Asian at the Africa Investment Forum, in Johannesburg.Africa Investment Forum delegates underscore pathways to Africa’s rapid industrialisation
09-Nov-2018 - The industrialise Africa session at the Africa Investment Forum ran late into the evening on Thursday, with delegates focussing on how to drive investment, expand trade and industry and create African industrial champions. Among the panellists were Ibrahim Mayaki, CEO of the New Partnership for Africa's Development (NEPAD); Emma Wade-Smith, British Trade Commissioner for Africa, and Geoffrey Qhena, CEO of South Africa’s Industrial Development Corporation (IDC).If you want to know ‘The Big Five’ trends that will affect business in Africa. This is the book to read
09-Nov-2018 - For one week, Acha Leke and Mutsa Chironga studied stories from international news outlets to gauge the stories being told about Africa. What they found motivated them to change the narrative about the continent. In that one week, the only African news they could find were about Nigerian terror group, Boko Haram, African migrants who drowned while trying to escape conditions at home, and articles on corruption in Angola.
Africa Investment Forum: High-tech player Mara announces first African-made smartphone
09-Nov-2018 - African high-tech player Mara on Friday announced the production of their newest product, the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. “China has Huawei, Xiaomi; the U.S has iPhone and finally Africa has Maraphone,” Ashish Thakkar, founder of Mara Group told a press conference on the final day of the Africa Investment Forum, currently underway in Johannesburg, South Africa.
Investors’ Bright Future in Africa
06-Nov-2018 - For any investor interested in Africa, there is only one place to be this week: Johannesburg. When the three-day Africa Investment Forum opens on November 7, a total of 61 deals with an estimated value of more than $40 billion will be featured in “Boardroom Sessions,” while another $28 billion will be showcased to investors at the “Gallery Walk” marketplace.
Tanzania: Alternative Learning and Skills Development Project
30-Oct-2018 - Tanzania’s alternative learning and skills development centers were constructed with African Development Fund (ADF) loan and grant totaling US$32.7 million. Designed to fill the gaps in non-formal education in Zanzibar, specifically on the islands of Unguja and Pemba, the project also financed equipment purchase and development of teachers’ manuals.
Consistent Support for Higher Education, Science and Technology in Malawi
25-Oct-2018 - Key facts The Strengthening of Primary and Secondary Education Project (Education II, US$21.8 million) was approved by the African Development Bank for Malawi in 1986. This was followed by the Strengthening Access to Primary Education Project (Education III, US$16.7 million). The Support to Community Day Secondary Education Project (Education IV, US$20.9 million) was approved in 2001.
East Africa’s One Stop Border Post Project
25-Oct-2018 - Key facts African Development Fund loans of US$107 million to Kenya and US$88 million to Tanzania. Support to Kenya and Tanzania development priorities and regional integration within the East African Community. Construction of 240-km road from Arusha through Namanga to Athi River, near Nairobi. Boost to commercial and tourism activities in the region, improved traffic between Zambia, Tanzania, Kenya, Uganda and Sudan.
Young Africans fired up by African Development Bank agribusiness mentoring partnership with Purdue University
17-Oct-2018 - For Miriam Ahuna Ofoeze, nothing now stands between her and her cherished goal of becoming a successful agribusiness entrepreneur. Thanks to an innovative training programme sponsored by the African Development Bank at Purdue University, Indianapolis, the young Nigerian is even convinced she now has what it takes to become a future World Food Prize winner. “I have a dream that one day I will make some impact in Africa and win the World Food Prize,” says the young post-harvest processor at the National Root Crops Research Institute in Umudike...
On October 15, the Bank observes Global Handwashing Day
17-Oct-2018 - The African Development Bank joined the international community in observing Global Handwashing Day on October 15. Global Handwashing Day, organized by the Global Handwashing Partnership, is intended to motivate and mobilize people around the world to improve their handwashing habits. It promotes handwashing with soap at critical points during the day, such as before cooking, eating, feeding others, or after using the toilet.
Ghana: African Development Bank, technology stakeholders seek to bridge Africa’s digital gender gap
12-Oct-2018 - ‘Unlocking Africa’s Digital Future’ was the theme of the 2018 Africa Summit on Women and Girls in Technology (#TechWomenAfrica) convened by the African Development Bank in collaboration with the World Wide Web Foundation on 9 – 11 October 2018. Other co-sponsors of the summit were the Alliance for Affordable Internet (A4AI), Ghana’s Ministry of Communications, the Open Society Initiative for West Africa, the Internet Society, Facebook and the Federal Ministry of Economic Cooperation, Germany.
Revisiting the 53rd Annual Meetings of the African Development Bank: Key moments
12-Oct-2018 - As the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group begin in Bali Nusa Dua, Indonesia, we look back at one of the key moments of the 53rd Annual Meetings of the African Development Bank last May in Busan, Korea, where World Bank President Jim Yong Kim endorsed ongoing institutional reforms at the pan-African development institution under the leadership of President Akinwumi Adesina.
Kenya goes all out for renewable energy
10-Oct-2018 - Kenya has taken less than a decade to make giant strides in its energy sector. Key to this are two iconic renewable energy projects that have benefited from the decisive support of the African Development Bank: Turkana Wind Farm and Menengai Geothermal Power Station.African Development Bank Publishes Newly Harmonized “Additionality” Framework for Private Sector Operations
09-Oct-2018 - The African Development Bank and other Multilateral Development Banks (MDBs) have published a harmonized framework for assessing additionality in their respective private sector operations. The new framework supports the MDBs’ ongoing commitment towards achieving the UN Sustainable Development Goals (SDGs) and the ‘Billions to Trillions’ agenda.
Namibia: Walvis Bay Port expansion well under way
05-Oct-2018 - Sea sounds and splashing waves greet a docking ship at Walvis Bay, where cranes are ready to offload and place heavy containers from the vessel. Welcome to the Port of Walvis Bay, Namibia’s only deep-water port able to handle large ships. Namibia's largest commercial port, it serves as the logistical backbone for several industries in the southern African country.
Japan: African Development Bank promotes human capital and industrial development in Africa
04-Oct-2018 - Researchers and representatives of international agencies and embassies convened for a knowledge sharing event focusing on promoting industrialization and developing human capital in Africa. The African Development Bank organized the event on 26 September 2018 at the United Nations University in Tokyo. In Asia, which has pursued a robust industrialization path, many countries have experiences to share with African countries, particularly regarding the quality of labor, Keijiro Otsuka, Professor at Kobe University, said during his keynote...
Ethiopian President Opens African Statisticians Meeting
04-Oct-2018 - Ethiopian President Dr. Mulatu Teshome, officially opened the sixth meeting of the Statistical Commission for Africa and the 13th Africa Symposium on Statistical Development (ASSD), jointly organized by the African Development Bank the United Nations Economic Commission for Africa (ECA), Statistics South Africa and the National Statistical Agency of Ethiopia.2018 African Economic Conference, Kigali, Rwanda, to focus on regional and continental integration for Africa’s development
03-Oct-2018 - The African Economic Conference (AEC) will hold its thirteenth edition from 3-5 December 2018 in Kigali Rwanda, under the theme: Regional and Continental Integration for Africa’s Development. The conference, which is held annually, convenes key development actors, academics, researchers, development partners, politicians and financiers. This year, Paul Collier, Professor of Economics and Public Policy at the Oxford University Blavatnik School of Government, will give the keynote speech.
African Development Bank investments transform Madagascar’s key rice regions
01-Oct-2018 - Key Facts: