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African Legal Support Facility Backs Gambia’s Bid for Greater Banjul Power Project

29-May-2013 - The African Legal Support Facility (ALSF), on 28 May in Marrakech, signed a $US 400,000 agreement with The Gambia to provide legal assistance in the negotiations of independent power projects and transmission as well as distribution upgrades in the Greater Banjul area.

President’s AfDB Annual Meetings Blog - The Afro-optimist, the Afro-realist: Historic Progress, Historic Challenges

29-May-2013 - Day 3

Developing African Agriculture for the Continent’s Inclusive Growth

29-May-2013 - Africa is now the world’s second fastest-growing continent. Despite a decade of seismic shifts in the global economy, the continent has continued to accelerate its economic growth, defying the pessimists and creating major improvements in its Human Development Indicators.

Fragile States: Better Co-ordination of Financing Needs

29-May-2013 - What is the role of development finance institutions in Fragile States?  This was the issue discussed at a forum on the ‘Role of International Finance Institutions (IFIs) in the Recovery and Development of Fragile States’ held on 28 May in Marrakech, Morocco, at the Annual Meetings of the African Development Bank (AfDB).

The AfDB finances the harnessing of drainage basins in Burundi

29-May-2013 - The African Development Bank Group (AfDB) undertook on  May 28, 2013, to provide  financing for the  harnessing of drainage basins and improved climate resilience in Burundi.  The operation  was made official  by the signing of two grant  agreements  with the Government of Burundi. The signing took place in the margins of the Bank’s 48thAnnual Meetings in Marrakech.

New AfDB-GFI Joint Report: Africa a Net Creditor to the Rest of the World

29-May-2013 - Net Resource Transfers Out of Africa Range from US$597 Billion to US$1.4 Trillion from 1980 through 2009 Unrecorded Illicit Financial Outflows from The Continent Ranged from US$1.22-1.35 Trillion from 1980-2009, Swamping Recorded Financial Transactions Net Resource Deficit, Illicit Outflows Seriously Undermine Development

ALSF Management Board and Governing Council strategize on future Engagements

29-May-2013 - The Management Board and the Governing Council of the African Legal Support Facility (ALSF), held two important meetings on Sunday 26 and Monday 27 May 2013 in Marrakech, where they took important decisions on how to tackle their future engagements.

AfDB Funds Mozambique’s Massingir Dam Emergency Rehabilitation Project

29-May-2013 - The African Development Bank on May 28 in Marrakech, Morocco, granted a supplementary loan of US $33.213 million to the government of Mozambique for the rehabilitation of the country’s Massinger Dam. The funds will ensure effective sustainability of the Massingir Dam by preventing its collapse in the event of a heavy downpour.

AfDB Posts Strong 2012 Operations Results, Launches New Strategic Focus on Inclusive Growth

29-May-2013 - The African Development Bank (AfDB) Group posted good operational results in 2012, the Bank’s Treasurer, Pierre Van Peteghen, said in Marrakech on Wednesday, May 29, 2013. Presenting the Bank’s 2012 operations results at its Annual Meetings in the Moroccan city, Van Peteghen also announced that the Bank has developed a Ten-Year Strategy (2013-2022) which focuses on “inclusive growth.”

Courses That Suit Labour Market Will Bridge Skills Gap, Say Experts

29-May-2013 - The existing talent gap in management in Africa is a result of mismatch between schools and labour market needs, said education experts during a session entitled “Closing the talent gap” at the African Development Bank’s Annual Meetings in Marrakech on Tuesday.

Liberia and Rwanda Praised for Efforts to Meet MDG Targets

29-May-2013 - With only 1,000 days to go before the Millennium Development Goals (MDGs) deadline, participants at a high-level seminar organized by the African Development Bank (AfDB) have commended Rwanda and Liberia for their efforts to meet the MDG targets.

Libya Joins the African Development Fund (ADF) Group of Donors

29-May-2013 - Libya’s Minister of Finance, Al- Kilani Abdelkarim Al-Kilani Al-Jazi, announced during the African Development Bank’s Annual Meetings in Marrakech that his country would join the donor countries’ group of the African Development Fund (ADF). “First of all, I would like to thank the AfDB for having given the new Libya this opportunity to present its point of view on the issue of African cooperation.

Sustainable Energy Fund for Africa: Project Financiers Gather in Marrakesh to Discuss Finance of Small and Medium-sized Projects in Africa

29-May-2013 - A side event entitled Sustainable Energy Fund for Africa (SEFA): Reaching out to Project Financiers in Africa was held during the African Development Bank’s (AfDB) 2013 Annual Meetings in Marrakesh, Morocco.

President’s AfDB Annual Meetings blog - “For the well-being of a billion people...”

28-May-2013 - Day 2 Discussions continue throughout the night at the Bank’s Annual Meetings in Marrakesh: some may be had around the dinner table, but most are round the desk. Keyboards are pounded, while mobile phones reverberate. I stopped working on my opening ceremony speech at just before 3 o’clock this morning, and had been on the phone to at least five of my staff in the hours after midnight.

Participants Discuss Tools for Monitoring Inclusive Growth

28-May-2013 - Economic, social, spatial and political inclusion are the four key parameters that can be used for monitoring inclusive growth, a primary condition for the attainment of Africa’s structural transformation.

AfDB Boosts Food and Agriculture Sector Development Project in the Gambia

28-May-2013 - The African Development Bank Group and The Gambia, on May 28, 2013 in Marrakech, signed a USD 26.6 million protocol agreement to boost the agricultural production and food security in the country. Signing the protocol accord, The Gambia’s Finance and Economic Affairs Minister, also Governor of the Bank, Abdou Kolley, reiterated his country’s gratitude for the Bank’s development actions in the country, in particular its efforts to reduce poverty and make the private sector one of the country’s engines of growth.

Small-scale renewable energy projects generate employment

28-May-2013 - ‘Sustainable energy funds for Africa: Wooing investors for the financing of projects in Africa’ was the theme of a forum held on 27  May  in  Marrakech, Morocco, at the  48th Annual Meetings of the African Development Bank.

Paul Kagame encourages Africans to determine their choice of development

28-May-2013 - “Agriculture remains a crucial cornerstone to Africa’s economic transformation, and there are many examples where it has been pivotal to the realized growth, Rwandan President Paul Kagame said during the

President’s AfDB Annual Meetings blog - A continent taking hold of its own destiny

28-May-2013 - Day 1 We celebrated Africa’s 50th birthday last weekend: the OAU came into being on May 25, 1963. The message was clear: political independence came long ago; and economic independence is hot on its heels. And this week we come to Marrakesh, the great Ochre City, which has always been a crossroads for African culture north and south of the Sahara. The next few days can bathe the golden city in a greater golden glow, and they can do the same for Africa too.  

Africa Should Rely on Self for the Success of Structural Transformation

28-May-2013 - The policies implemented to develop Africa have not helped the continent surmount its difficulties, poverty, unemployment; the lack of infrastructure ... To put this right, the African Development Bank (AfDB) has decided to make structural transformation the central piece at the Annual Meetings officially opened on May 27 in Marrakech, Morocco, a forum to deliberate on the best development strategies.