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African countries must work together to address issues of energy and climate change: roundtable
24-May-2016 - African nations can expand their power generation and achieve universal access to energy by leapfrogging to new technologies that are transforming energy systems throughout the world. However, this will require decisive action on the part of Africa’s leaders, continuous dialogue on how they can, collectively and individually, formulate national policies to address Africa’s interlocking climate and energy problems.
African leaders make economic case for increased nutrition investments
24-May-2016 - Key African leaders at the African Development Bank (AfDB) Annual Meetings, in partnership with the Global Panel on Agriculture and Food Systems for Nutrition, outlined a vision for a new high-level effort and shared new data strengthening the economic case for investment in nutrition across Africa.Focus on women, young people and agribusiness to build the Africa of tomorrow
24-May-2016 - How can a real transformation of the agriculture sector in Africa with the full participation of African women and young people occur? A panel discussion at the African Development Bank Annual Meetings in Lusaka during gave rise to exchanges of the highest quality. On Day 1 of the African Development Bank (AfDB) Annual Meetings, the problem of employment and the issues of the inclusion and development of women and young people featured at several events.
Presidents Paul Kagame, Uhuru Kenyatta endorse AfDB’s ‘New Deal on Energy’
24-May-2016 - Rwanda President Paul Kagame and his Kenyan counterpart Uhuru Kenyatta have endorsed President Akinwumi Adesina’s “New Deal on Energy”, a vehicle through which the African Development Bank (AfDB) will invest in delivering electricity for all Africans, by 2025.
African Development Bank Chief arrives in Zambia
23-May-2016 - The African Development Bank (AfDB) says Africa’s integration is vital in eliminating challenges such as under-nutrition and the unfavourable climatic conditions which have negatively affected the welfare of the people. AfDB President Akinwumi Adesina said the Bank was working hard to contribute towards integrating Africa so that her people can collectively address issues of climate change, energy supply and nutrition.
Africa: economic transformation hinges on unlocking potential of cities, says the African Economic Outlook 2016
23-May-2016 - How Africa urbanises will be critical to the continent's future growth and development, according to the African Economic Outlook 2016 released today at the African Development Bank Group's 51st Annual Meetings.Affordability dominates debate as leaders discuss creating a ‘Smart Africa’ at AfDB Annual Meetings
23-May-2016 - On the first day of the 2016 African Development Bank (AfDB) Annual Meetings ongoing in the Zambian capital, Lusaka, leaders have discussed how to harness the ICT-revolution to build a ‘Smart Africa’. Affordability of ICT technologies, it was heard, should be the focus of governments if benefits are to trickle down to ordinary Africans.Highlights of Day 1 at the AfDB Annual Meetings
23-May-2016 - Over 3,000 delegates have converged in Lusaka for the 51st Annual Meetings of the African Development Bank (AfDB) taking place in the Zambian capital from May 23 to 27, 2016. The 2016 edition of the Annual Meetings that are being held under the theme, “Energy and Climate Change” and are expected to be graced by Presidents Edgar Lungu of Zambia, Idriss Deby of Chad, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya, among other high profile delegates.AfDB and partners helping African governments to develop sustainable cities
23-May-2016 - The African Development Bank (AfDB) says Africa needs to implement a vigorous structural transformation agenda to bridge gaps that inhibit the creation of sustainable cities. AfDB Acting Director for Development Research Abebe Shimeles said the institution was thus engaging African governments on bridging gaps in areas such as infrastructure development and promoting access to quality human services by the people.African leaders push for increased nutrition investments
23-May-2016 - Key African leaders including philanthropists and businesses have called for increased investment to eliminate malnutrition across Africa during the African Development Bank Annual Meetings 2016 taking place from May 23-27 in Lusaka, Zambia.Continental Business Network: Managing investment risks in public infrastructure
23-May-2016 - Defining and managing investment risk in African domestic and regional infrastructure projects is critical to development and growth of the continent. About US $92 billion is required to finance public infrastructure projects in Africa annually, Barclays Bank Africa Head, Public Sector Affairs, Zienzi Musamirapamwe, said. The private sector is expecting private sector capital especially institutional investors, to provide significant funding for infrastructure projects.AfDB commits EUR 52 million to the Republic of Congo for broadband and e-services development
22-May-2016 - On Wednesday, May 18, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a EUR 52.04-million loan to the Government of the Republic of Congo to help finance the Congo component of the regional Central Africa fibre-optic Backbone (CAB) project. The loan will fund the deployment of fibre-optic telecommunications in Congo and the introduction of new e-services, benefiting to the Congolese population.Board approves AfDB Group’s Strategy for the New Deal on Energy for Africa 2016–2025
21-May-2016 - The Executive Boards of the African Development Bank Group (AfDB) took a significant step towards Africa's economic transformation in Abidjan, Côte d'Ivoire on Wednesday, May 18, 2016, with the approval of the Bank Group's 2016-2025 Strategy for the New Deal on Energy for Africa.Transforming Africa’s demographic burst into a demographic dividend
21-May-2016 - The African Development Bank Group has taken bold steps to turn Africa's phenomenal youth bulge into an economic dividend by developing a strategy that would create 25 million jobs for youth on the continent as well as equip an additional 50 million in the next decade.AfDB champions energy access and job creation for youth at the WEF
18-May-2016 - At the just-concluded World Economic Forum on Africa, the African Development Bank reiterated the need to improve energy access to all in efforts to industrialise the continent. President Akinwumi Adesina, while participating in a presidential panel on Implementing Africa's Development Agendas, said, "Without electricity, nothing happens. We need to light up and power Africa as energy is key to industrialisation".
AfDB to strengthen partnership with Lake Chad Basin Commission to build lasting peace and promote sustainable development
17-May-2016 - The President of the African Development Bank, Akinwumi Adesina, has re-affirmed the Bank’s commitment to provide continued support to Lake Chad Member Countries and the Lake Chad Basin Commission. Adesina, who made the commitment at a Regional Security Summit hosted by Nigeria’s President Muhammadu Buhari in Abuja on May 14, said the Bank’s support will be in alignment with the High 5s Agenda, particularly the Feed Africa Program.
Scaling agriculture as development and diversification strategy for the North West region of Nigeria
17-May-2016 - In recognition of its ongoing effort to transform agriculture from subsistence to agribusiness, the African Development Bank was invited by the leadership of Nigeria’s North-West Region to review the Agricultural Development Strategy for the region and give an overview of AfDB’s ongoing and upcoming interventions in agriculture in Nigeria as they relate to the seven North-West states.
Africa to address numerous challenges in order to achieve industrial revolution
13-May-2016 - The debate on industrialisation and how Africa can lead in the Fourth Industrial Revolution was the climax of Day 2 of the World Economic Forum on Africa, in Rwanda’s capital, Kigali. Addressing the opening plenary on Africa’s Fourth Industrial Revolution on Thursday, President Akinwumi Adesina of the African Development Bank (AfDB) reiterated the importance of energy. “Africa cannot industrialise; it cannot be competitive unless we solve the energy problem, he noted, adding that “Today, 645 million people have no access to electricity in...
The future for Africa is in transforming agriculture, forum hears
12-May-2016 - The importance of agriculture and agribusiness in unlocking shared prosperity in Africa was the subject of a high level panel of African leaders who addressed the Grow Africa Investment Forum held as part of the World Economic Forum on Africa (WEF) in Kigali this week.