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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.Launch of The ONE Campaign 2013 DATA Report, Financing the Fight for Africa’s Transformation
22-May-2013 - Minister Amara Konneh - Minister of Finance, Liberia Minister Ngozi Nkonjo-Iweala – Minister of Finance, Nigeria (TBC) Minister Claver Gatete - Minister of Finance, Rwanda (TBC) Paulo Gomes - Founder, Chairman and CEO, Constelor Investment Holdings, Former Executive Director, World Bank Benoit Chervalier – Head, Resource Mobilization and Allocation Unit, African Development Bank Group Ben Leo - Global Policy Director, The ONE Campaign WHEN: 17:00, 28 May 2013AfDB Launches New Information Highways
22-May-2013 - Following the launch in March 2013 of Open Data Platforms in 30 African countries, the African Development Bank (AfDB) has launched additional data platforms in the following 10 African countries: Burkina Faso, Burundi, Central African Republic, Chad,African Development Bank to host Innovative Financing Seminar on Infrastructure and Diaspora bonds
21-May-2013 - The African Development Bank Group (AfDB) will host a workshop on infrastructure and diaspora bonds in Africa during AfDB’s annual meetings in Morocco on May 29, 2013. One of the main objectives of the seminar to be at held at the Palmeraie Golf Palace in Marrakech, themed “Financing African Structural Change - Infrastructure and Diaspora Bonds” is to raise awareness of all stakeholders in the role that infrastructure and diaspora bonds can play in catalyzing financing to address the existing infrastructure gap in Africa.AfDB Builds Capacity in Education through Education Research Awards
21-May-2013 - Under the co-sponsorship of the African Development Institute (ADI) of the African Development Bank (AfDB) and the Korea-Africa Economic Cooperation (KOAFEC), the Association for the Development of Education in Africa (ADEA) announced the winners and presented eight awards to African scholars and research institutions that have published distinctive research in the field of education. The award ceremony was held on Tuesday May 14, 2013.Daunting but Promising: AfDB Report highlights Economic and Social Benefits of Green Growth for Africa
20-May-2013 - A new report released by the African Development Bank (AfDB) shows that investments in green growth are not only good for the environment but are also advantageous to economic growth. In a special article of the 11th edition of the Gender, Poverty and Environmental Indicators on African Countries, the AfDB argues that for Africa in particular, favoring environmentally sustainable policies provides a high return of investment.
AfDB Set to Help African Countries Better Exploit AGOA Export Opportunities
20-May-2013 - The African Development Bank is working towards helping African countries better benefit from the African Growth and Opportunity Act (AGOA) opportunities. “The African Development Bank has launched a series of bilateral discussions on ways to boost U.-Africa trade and investment, especially under AGOA,” said Moono Mupotola, AfDB Manager for Regional Integration and Trade. “AGOA, together with the Trade and Investment Framework Agreements, are considered critical tools of U.S.-Africa trade relations.”
Benin–Nigeria Power Interconnection Project: Sharing Energy in West Africa
20-May-2013 - The Electricity Authority of Benin–Nigerian Electric Power Authority power interconnection project, jointly financed by the African Development Bank, the West African Development Bank, and the Economic Community of West African States, is one of the sparkling flagship projects for regional integration and cooperation in West Africa. Financed under the West Africa Power Pool program, the project connects Benin’s power grid (CEB) to that of Nigeria (NEPA).Developing African Infrastructure for the Continent’s Structural Transformation
20-May-2013 - Across Africa, investments in physical and social infrastructure have failed to keep pace with growth and demand, creating a serious infrastructure deficit that slows investment, the achievement of broad-based and inclusive growth, and poverty reduction.
Regional Community of Practice to Strengthen Results Management in COMESA Region
16-May-2013 - To overcome challenges in achieving regional integration results, 150 delegates from eighteen countries met in Lusaka, Zambia, from May 14-17, 2013, and established the Regional Community of Practice on Results of the Common Market for Eastern and Southern Africa (COMESA).
The AfDB provides 240 million euros for the crisis exit in Mali
15-May-2013 - The African Development Bank Group (AfDB) through its President, Donald Kaberuka, declared in Brussels the Institution’s support to the crisis exit efforts and revival of Malian economy making available to this country the amount of 240 million euros. This declaration was made at the donors’ conference on Mali hosted by France and the European Union in Belgium.ADF: A model of international cooperation
14-May-2013 - The African Development Fund (ADF) of the African Development Bank Group held on 14 May in Abidjan, Côte d’Ivoire a seminar to present ADF operational priorities. The meeting was attended by governors and finance ministers from Côte d’Ivoire, Ghana, Guinea, Liberia, Senegal and Sierra Leone. Ambassadors from ADF donor countries present in Abidjan attended the meeting. At the end of the seminar governors and finance minister lauded the Fund as a model of international cooperation.AfDB Civil Society Framework Dissemination for Better Impact in Countries
14-May-2013 - Engaging with civil society organizations (CSOs) is fundamental for the African Development Bank (AfDB) in its assistance to governments and project beneficiaries. This helps the institution listen to people, take stock of their needs and impact positively their lives. To that end, the AfDB has embarked over the recent months on a series of dissemination activities of its new Framework for Enhanced Engagement with Civil Society Organizations, adopted in October 2012. Meetings were held both at HeadquartInclusive growth: Hot topic during AfDB Annual Meetings
14-May-2013 - A series of high-level seminars will be held during the AfDB Annual Meetings in Marrakech, Morocco from 27-31 May 2013, to explore new ideas and set out concrete actions that will help transform Africa’s economic boom into sustainable and inclusive growth. The panels will focus on the key issues facing the continent and explore how Africa can reap the benefits of its economic growth through investments in skills training, infrastructure, agriculture and education; and a broader engagement with the private sector. ParticipaAfDB Concludes First Pan-African Training for Regulators of Derivatives and Commodities Exchanges
13-May-2013 - The African Development Bank (AfDB) on May 10, 2013 concluded a one-week, pan-African training workshop for African regulators of derivatives and commodities exchanges. The training workshop was held in Abidjan, Côte d’Ivoire.AfDB Renews Support of Climate Change Resilience with Additional Resources from Least Developed Countries Fund
13-May-2013 - The African Development Bank, renewed its support for climate change resilience in Madagascar, Benin and Angola in accessing US $17.8 million of adaptation finance in the form of grants from the Least Developed Countries Fund (LDCF) during the second quarter of 2013. It follows the approval last March of US $18.6 million for three water and sanitation projects.
Kaberuka Named Africa’s “Infrastructure Investment Personality of the Year”
13-May-2013 - African Development Bank President Donald Kaberuka was designated on May 7, 2013, in Cape Town, South Africa, the “Infrastructure Investment Personality of the Year” for 2013. The award was granted during the Africa investor (Ai) Infrastructure Investment Summit and awards ceremony.
Bank to Launch New Platform to Connect Mano River Countries
13-May-2013 - Connecting people, consolidating peace and accelerating economic transformation were the main themes of a high-level seminar organized by the African Development Bank in Abidjan on Monday, May 13, whose aim was to promote regional integration in the four Mano River Union (MRU) countries of Côte d’Ivoire, Liberia, Sierra Leone and Guinea.Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study
13-May-2013 - African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank. Africa is ready for the launch of such infrastructure bonds provided some conditions are met, says the report, titled “Structured Finance – Conditions for infrastructure project bonds in African markets”.