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African Water Facility Awarded US$12 Million Grant from the Bill & Melinda Gates Foundation to Advance Water and Sanitation Services in Africa
19-Jul-2011 - Tunis, July 19, 2011- The African Water Facility (AWF), an initiative of the African Ministers Council on Water (AMCOW) hosted by the African Development Bank (AfDB), is awarded a grant of US$ 12 Million by the Bill & Melinda Gates Foundation to finance projects to advance water and sanitation services across Africa. The Bill & Melinda Gates Foundation announced this grant at the AfricaSan 3 conference in Rwanda as part of more than $40 million in new investments launching its Water, Sanitation, & Hygiene strategy.International Agencies Launch Transparency in Trade Initiative
18-Jul-2011 - Multilateral initiative will provide free access to trade-related data The African Development Bank (AfDB), the International Trade Centre (ITC), the UN Conference on Trade and Development (UNCTAD) and the World Bank, in cooperation with the UN Statistics Division (UNSD), today launched the Transparency in Trade Initiative (TNT), a global program that will give more access to influential trade data.AfDB agrees Euro 45 million loan for Cameroon power plant
15-Jul-2011 - The Board of Directors of the African Development Bank (AfDB) has approved a loan of Euro 45 million towards the construction of a gas-fired power plant in Cameroon to help meet the country’s fast-growing demand for energy. The plant will be located nine kilometers inland north of the southern coastal city of Kribi and the transmission line will be connected to Cameroon’s southern interconnected power grid, which supplies 90 percent of total demand in the country.AfDB-Rwanda: USD 37.6 Million Grant to Finance Poverty Reduction Strategy Support Programme
15-Jul-2011 - The Board of Directors of the African Development Fund (ADF) today in Tunis approved a budget support grant of USD 37.6 million (UA 23.2 million) from ADF-12 resource allocations to finance The Poverty Reduction Strategy Support Programme (PRSSP) Phase IV of Rwanda. The ADF support to the PRSSP-IV constitutes 13.9% of the total grant resources of USD 271.2 (UA 167.4 million) to which other development partners including the World Bank, European Union, Great Britain (DFID) and Germany are contributing.AfDB set to accompany South Sudan on path to development
13-Jul-2011 - The African Development Bank (AfDB) shared in the history making event in Juba last Saturday, as South Sudan became Africa’s newest sovereign state. AfDB Regional Director for East Africa, Steve Kayizzi–Mugerwa represented the Bank, accompanied by the Bank’s Resident Representative in Khartoum, Abdul Kamara. South Sudan has already applied to become a regional member country of the AfDB.AfDB and WWF Partnering to promote Green Economy and sustainable development in Africa
13-Jul-2011 - The President of the African Development Bank, Donald Kaberuka, received a delegation from WWF International, led by its Director-General, James Leape, in Tunis on Tuesday July 12, 2011. The objective of the meeting was to discuss collaboration between the two institutions, following initial talks held during the Annual Meetings of the African Development Bank (AfDB) held in Lisbon, Portugal, in June 2011.Droughts in East Africa: A Reminder on the Devastating Effects of Climate Change in Africa
13-Jul-2011 - The recent drought in East Africa, which is already directly affecting 10 million people in Ethiopia, Kenya and Somalia, serves to remind us of a pressing reality in the region: Africa is the continent most vulnerable to climate change.AfDB-Ghana: USD 111.3 Million ADF Resources to Finance Poverty Reduction and Business Environment support Programme
13-Jul-2011 - The Board of Directors of the African Development Fund (ADF) today in Tunis approved a loan of USD 70 million (UA 44 million) and a grant of USD 41.3 million (UA 26 million) to finance The Poverty Reduction and Business Environment Support Programme (PRBESP) in Ghana.
Africa Seeks Greater Share of World Carbon Markets
08-Jul-2011 - Energy and climate experts sought ways to help Africa grab a greater share of world carbon markets at the Africa Carbon Forum, held in Marrakech, Morocco, on 4-6 July 2011. Africa has long been under-represented in those markets, receiving only 2 percent of the $2-3 billion traded annually through the Clean Development Mechanism (CDM), the recognized broker for carbon emissions trading.BAD–Sénégal : 43 millions de dollars pour améliorer la gouvernance financière et le climat des affaires
06-Jul-2011 - Le Conseil d'administration du Fonds africain de développement (FAD, guichet concessionnel du Groupe de la Banque africaine de développement), a approuvé à Tunis, le mercredi 6 juillet 2011, un don de 27 millions d’UC, équivalent à 43 millions de dollars US, pour le financement du Programme d’appui aux réformes (PARE) en faveur de la République du Sénégal. Le PARE a pour finalité de contribuer à l’amélioration de la gouvernance financière et du climat des affaires. Les deux objectifs spécifiques du programme sont :AfDB approves an equity investment of up to USD10.4 million to strengthen African Reinsurance Company (Africa Re) capital base
04-Jul-2011 - The Board of Directors of the African Development Bank Group (AfDB) through its private sector window approved an equity investment of up to USD10.4 million in Africa Re through the acquisition of newly issued shares via a rights issue. This increased capital is needed to strengthen the Company’s capital base and underwriting capacity required to support increasing demand for insurance products across the continent.
African Countries Call for Accessible and Efficient Climate Finance
30-Jun-2011 - The 2011 Climate Investment Funds (CIF) Partnership Forum, hosted by the African Development Bank (AfDB), ended today with African countries clearly showing their willingness to tackle climate change effects head on. The challenge remains adequate access to climate change financing for Africa.
Fast and Inclusive: That’s a Difficult but Attainable Goal, Says AfDB Expert
28-Jun-2011 - Fast delivery of results versus promotion of multi-stakeholder engagement and participation in CIF programs and projects was the main debating point during the in-country partnerships session at the Climate Investment Fund (CIF) Partnership Forum, hosted by the African Development Bank (AfDB) in Cape Town on 24 and 25 June, 2011.AfDB-funded motorway link and other new projects are path to growth in south east Tunisia
28-Jun-2011 - The African Development Bank’s (AfDB) most recently announced project in Tunisia will create jobs and promote growth in the neglected south east region of the country. It is also part of a wider set of projects that will benefit the country as a whole. The AfDB is also studying the best way of boosting growth and prosperity in the south eastern corner of the country.
Clean Energy Development: Opportunity for Local Spinoffs in Africa
27-Jun-2011 - How to increase local content and create additional jobs in clean energy projects in Africa Tanja Faller, an energy economist at the African Development Bank (AfDB) described the opportunity offered to Africa by developing a clean energy industry during a session on ‘Leap into Green Growth: Promoting Clean Technology Manufacturing” at the Climate Investment Funds Partnership Forum, from 24 to 25 June in Cape Town, South Africa.
Asian Development Bank and African Development Bank to Cooperate to Set Up Trade Finance Program for Africa
27-Jun-2011 - The Asian Development Bank (ADB) and the African Development Bank (AfDB) have signed an agreement to help AfDB set up a trade finance program to boost African trade, and, more broadly, South-South trade. AfDB is scaling up its trade finance activities to channel critical trade support to companies across the African continent, much as the ADB’s program has done in developing Asia.
AfDB Presents 2011 CNN/MultiChoice African Journalist Environmental Award to Egyptian Lamia Hassan
27-Jun-2011 - Egyptian journalist Lamia Hassan has been awarded the 2011 CNN/MultiChoice African Journalist Environment Award. Hassan, who works for Business Today Egypt, won the award for her story ‘Washed up’, which was chosen from among 1407 entries from 42 nations across the African continent.
Information Session for the Media on Climate Change: African Media Has Crucial Role to Play
24-Jun-2011 - The media has a fundamental role to play in sensitizing policy makers - and the peoples of Africa about the challenge of climate change, according to journalists at an information session held at the 2011 Climate Investment Funds Partnership Forum on 24 and 25 June 2011, in Cape Town, South Africa. These populations, and their decision-makers, are still poorly informed and unaware of these issues, even though they are fundamental to their future.