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Congo Basin Forest Fund Launch in London

18-Jun-2008 - UK and Norway Commit US$ 216 Million London, 17 June 2008 – The Congo Basin Forest Fund (CBFF), a multi-donor facility established to take action to protect the forests in the Congo Basin region, was launched in London on Tuesday by Prime Ministers Gordon Brown of Britain, Jens Stoltenberg of Norway and the African Development Bank (AfDB) Group President, Donald Kaberuka.

Bank Group and FAO Discuss Rising Food Prices

17-Jun-2008 - FAO’s Assistant Representative in Uganda, Charles Owach, on June 13, 2008, held a meeting with officials of the Bank Group’s field office in Uganda to exchanges ideas on rising food prices in the country. Mr. Owach briefed officials of the field office on the outcomes of the food summit that took place at the FAO headquarters in Rome, noting that the summit adopted a declaration calling on the international community to increase assistance to developing countries, especially those severely affected by the current food crisis.

Congo Basin Fund Launch Takes Place in London

16-Jun-2008 - Tunis, 16 June 2008 – The Congo Basin Forest Fund, a multi-donor facility established to take action to protect the forests in the Congo Basin region, will be launched on Tuesday, June 17, 2008, in London, UK, in the presence of the Fund’s Co-Chairs Nobel laureate Wangari Maathai, and former Canadian Prime Minister, Paul Martin; along with representatives of international development partners, civil society, private sector and high level officials of the British government.

Congo Basin Forest Fund : The British Government makes an initial donation of 100 Million U.S Dollars

16-Jun-2008 - In March 2007 the Chancellor of the Exchequer announced the British Government’s intention to contribute an initial £ 50 million (US$ 100 million) to a Congo Basin Forest Fund (CBF), as a part of a global Environmental Transformation Fund (ETF), to which a further £750 million (US$ 1.5 billion) is to be committed. The CBF allocation was made in response to representations from leading African figures involved in the conservation of the Congo Basin rainforest.

AfDB Hosts Congo Basin Forest Fund

16-Jun-2008 - The African Development Bank (AfDB) Group has been chosen to host the «Congo Basin Forest Fund» which currently has an initial contribution of US$ 100 million from the United Kingdom. Norway intends to contribute 50 million pounds to the Fund over the next three years. The Board of Directors of the Bank Group has endorsed the decision to host the fund up to 2018. The document will be submitted to the Board of Governors for approval.

The African Development Bank at DAVOS Africa: Financing for Development Initiative

06-Jun-2008 - Leveraging Resources for Private Sector Financing Cape Town, 4 June 2008 – The Private Sector Department of the African Development Bank (AfDB) Group organized an exclusive two-day Financing for Development round table from 3-4 June 2008 at the World Economic Forum on Africa held in Cape Town, South Africa. The meeting brought together world-class private sector financial institutions that had a fruitful interaction with senior management of the AfDB Group and the World Economic Forum on Financing for Development Initiative.

AfDB and Libyan Investment Agency Sign MOU on Joint Financing

06-Jun-2008 - Tunis, 6 June 2008 – The African Development Bank (AfDB) Group and the Libya Africa Investment Portfolio (LAIP) have signed a Memorandum of Understanding (MOU) that would enable both parties enter into partnership in co-financing and information sharing. The LAIP is a US$ 50 billion state-owned investment fund created in 2006 to foster investments in African countries.

Visite à la BAD d’une délégation québécoise : Expertise et gouvernance en discussion

06-Jun-2008 - La Banque africaine de développement (BAD) a reçu, jeudi à Tunis, une délégation canadienne, conduite par Mme Monique Gagnon-Tremblay, ministre des Relations internationales et responsable de la Francophonie, gouvernement du Québec, en route pour le Maroc, dans le cadre des préparatifs du XIIe Sommet de la Francophonie prévu au Québec en octobre 2008. La visite avait pour objectif de discuter avec la BAD, en vue de mieux connaître sa programmation et d’explorer les perspectives de collaboration.

Bank Group and Partners Organize Regional Consultations on Climate Change Strategies

06-Jun-2008 - The African Development Bank (AfDB) Group and the World Bank  on Wednesday, June 4, 2008, in Dakar, Senegal, jointly organized a fourth regional consultation on their respective strategies on climate change following consultations which took place on May 9, 2008, in Tunis, Tunisia ; May 26, 2008, in Pretoria, South Africa ; and May 31, 2008, in Addis Ababa, Ethiopia.

Emergency Food Summit-AfDB Underscores Need for Smallholder Agricultural Revolution in Africa

05-Jun-2008 - Tunis, 4 June 2008 – The African Development Bank (AfDB) Group has underscored the urgent need for a "Smallholder Agricultural Revolution in Africa", as the continent’s best option for tackling the escalating global food crisis which is the focus of the just concluded United Nations Emergency Food Crisis Summit in Rome, Italy.

AfDB Calls for Transparent Management of Africa’s Mineral Resources

04-Jun-2008 - Tunis, 3 June 2008 – The African Development Bank (AfDB) Group has called for a more transparent management of Africa’s mineral resources, underscoring the fact that the extraction of Africa’s oil, gas and mineral resources represents a boom for African Countries if it is managed well.

Bank Group Participates in TICAD IV

03-Jun-2008 - An African Development Bank (AfDB) Group delegation led by the institution’s president, Donald Kaberuka, last week attended the Fourth Tokyo International Conference on African Development (TICAD IV).

Bank Group Education Experts Meet with Burkinabe Education Minister

27-May-2008 - Burkina Faso’s Education Minister, Marie Odile Bonkoungou, on Friday in Tunis paid a courtesy call on the AfDB Vice President in charge of operations, Zeinab El-Bakri, and her staff to discuss issues of common interest. Speaking during the meeting, Mrs.

AfDB Set to Help Regional Member Countries Deal with Food Crisis

15-May-2008 - Escalating food crisis constitute bad news for many struggling Africans, especially those living on less than one dollar a day. Though the current food crisis is global, Africa remains one of the hardest hit regions of the world, with some 150 million people at risk. Hikes in food prices  have already sparked protests in many African countries and this only adds to the economic woes of a continent that already has a lot on its plate.

2008 AfDB Annual Meetings Open in Maputo

15-May-2008 - Turkey Joins Bank Group Maputo, Mozambique, 14 May 2008 – The 43rd Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 34th Board of Governors meeting of the African Development Fund (ADF) began on Wednesday, 14 May 2008, in Maputo, Mozambique, in the presence of host President, Armando Emilio Guebuza, and President Denis Sassou Nguesso of the Republic of Congo among other eminent personalities of corporate finance.

AfDB Office in Uganda Receives delegation from Sanlam Private Equity and Strategic Partners Ltd. of South Africa

15-May-2008 -  Messrs. Pieter Kriel, Chief Executive Officer, Sanlam Private Equity and Herman Marais of Strategic Partners Ltd, South Africa, paid a working visit to UGFO on 9 May. Both sides exchanged ideas on the prospects of establishing an agribusiness equity investment fund, to be known as "Agri-Vie", in East Africa. The proposed US$ 100 million fund will make equity investments in agribusiness companies in Sub-Saharan Africa and will be managed by AA Fund Managers incorporated in Mauritius. AfDB has been invited to provide equity of US$ 15 million...

AfDB 2008 Annual Meetings End in Maputo

15-May-2008 - The Annual Meetings of the African Development Bank (AfDB) Group ended on Thursday, May 15, 2008, in Maputo, Mozambique, after two days of exhaustive deliberations and approval of the Group’s annual report, as well as its operational programmes for 2008. Major highlights of the 2008 Annual Meetings were the admission of Turkey as a non-regional member, the extension of the duration of the Nigeria Trust Fund for 10 years, and the establishment of a special Fund for Reconstruction and Development of the Great Lakes Region.

China-Africa: Experiences in Rural Finance Development in China and Africa

15-May-2008 - A seminar on the exchange of experiences in rural finance development in China and Africa was held on Monday in Maputo, Mozambique, within the framework of the 2008 African Development Bank (AfDB) Group Annual Meetings. The seminar was an occasion for participants to share experiences on reforms regarding financial services and innovation in rural development and to discuss the role of financial services in rural development.

AfDB and Export-Import Bank of China Sign Partnership Agreement

15-May-2008 - Maputo, Mozambique, 15 May 2008 – The African Development Bank (AfDB) Group and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MOU) to facilitate cooperation between the two parties in matters of common interest and to establish working arrangements necessary for the implementation of the MOU.

Turkey Joins African Development Bank Group

14-May-2008 - Maputo, Mozambique, 14 May 2008 – The Republic of Turkey is expected to become the 25th Non-Regional Member of the African Development Bank (AfDB) Group following the approval of its application by the Boards of Governors of the Bank Group at the 2008 Annual Meetings of the premier regional development finance institution which opened on Wednesday, 14 May 2008, in Maputo, Mozambique.