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AfDB Group Supports Togo Reform Programme
11-Nov-2011 - The ongoing reform and governance programme initiated by Togo received a boost from the African Development Bank (AfDB) Group recently, following the approval of a USD 32.2-million budget support grant by the institution.Tunis abrite la septième Réunion du Conseil d’administration de CoDA
11-Nov-2011 - Le Conseil d’administration de la Coalition pour le dialogue sur l’Afrique (CoDA), une initiative soutenue par la Banque africaine de développement, l’Union africaine et la Commission économique des Nations unies pour l’Afrique, tient sa septième session ordinaire le vendredi 11 novembre 2011 à Tunis. Sous la présidence de l’ancien président du Botswana Festus Mogae, le Conseil procédera au bilan des activités menées par le secrétariat exécutif de la CoDA, dirigé par l’ambassadeur Gaetan Rimwanguiya Ouédraogo, avant de définir l’agenda de la...AfDB Approves Funding for Upgrading Vital Road Corridor in Ethiopia
11-Nov-2011 - The upgrading of a 112-km road to an all-weather standard approved by the African Development Bank Group will boost economic activities and promote poverty reduction in Ethiopia. An estimated 1.3 million people residing along the Bedele-Metu road corridor will benefit from the project. The Board of the Directors of the AfDB Group approved a USD 66.7-million loan on 10 November 2011 for the Bedele–Metu Road Upgrading Project from the resources of the African Development Fund, the concessional window or the Group.
AfDB Lends Voice to Human Development Discourse at Rotterdam Global Health Initiative
06-Nov-2011 - The African Development Bank (AfDB) lent a strong voice to the international dialogue on health and development at the recent launch of the Rotterdam Global Health Initiative. The forum, whose theme was "World Health Stage: Imagining Global Health Anew," brought together renowned health and development professionals from around the world, interested in promoting new ways of thinking through global health challenges and finding new solutions to the gaps that still exist in health and health care.G20 Panel recommends Sokoni technology platform for infrastructure development in Africa
04-Nov-2011 - G20 leaders today welcomed the recommendations of the High-Level Panel for Infrastructure Development, endorsing the development of the Sokoni Africa Infrastructure Marketplace.Cost for ‘Vulnerable’ Africa to Handle Climate Change could Reach USD 30 Billion
02-Nov-2011 - Africa is the most vulnerable continent to the adverse effects of climate change, and urgently needs to deal with them. But doing so will be costly. That was the message heard at a session at the international climate change conference, COP 17, currently underway in Durban. The cost of adapting to the harm being done to the African continent such as severe weather changes, drought, desertification and so on could be as much as USD 20 to 30 billion a year, according to an economist.La BAD et la CNUCED veulent dynamiser le développement grâce aux énergies renouvelables
02-Nov-2011 - La Banque africaine de développement (BAD) et la conférence des Nations Unies sur le commerce et le développement (CNUCED) ont exprimé fermement leur volonté de dynamiser le développement grâce aux énergies renouvelables lors du lancement à Tunis du nouveau rapport 2011 sur la technologie et l’innovation.Winds of Change in Morocco’s Energy Market
01-Nov-2011 - On 2 November 2011, the governing bodies of the Climate Investment Funds (CIF) approved updates to Morocco’s investment plan under the Clean Technology Fund (CTF) and a project that will finance Morocco’s ambitious Wind Energy Plan through the implementation of wind/hydro hybrid generating systems that will increase capacity by 1,070 MW and the expansion of rural electrification to 79,436 households in 24 of Morocco’s most isolated and vulnerable districts.AfDB Urges Investment in Africa's Energy Sector at High-Level Climate Conferences
01-Nov-2011 - “The multi-billion dollar financing gap in Africa’s energy sector, coupled with the continent’s abundant untapped natural resources, creates an opportunity to attract private investment, accelerate growth, and embark on a sustainable and lower carbon growth path.” This was the message Hela Cheikhrouhou, director of the AfDB’s Energy, Environment and Climate Change Department, gave to two high-level conferences in Scandinavia in October 2011.Bank Staff Prepares to Pilot Climate Safeguards System
01-Nov-2011 - More than 30 African Development Bank (AfDB) task managers, as well as environment and climate change specialists, attended a two-day workshop on the AfDB’s new Climate Safeguards System (CSS) from 11 to 13 October 2011 in Tunis, Tunisia to learn how CSS can support project teams in their efforts to mainstream climate risks into the AfDB’s operations. The first day of the training offered an overview of the CSS climate screening process, which helps project teams assess their project’s climate vulnerability and define adaptation measures and...
Improving Business Environment Key to Attracting FDI
01-Nov-2011 - African countries should continue focusing on improving business climate to attract Foreign Direct Investment (FDI), according to views expressed by experts at the Sixth African Economic Conference held from 25-28 October 2011 in Addis Ababa. The experts said that while the presence of natural resources remains a key FDI driver to Africa, investment climate variables such as economic, political and policy options matter as well in attracting investment.AfDB Supports Africa at Final UN Negotiating Session before COP17
01-Nov-2011 - As part of an ongoing effort to prepare Africa's negotiating position at the December UN Climate Change Conference of Parties (COP17) in Durban, South Africa, the African Development Bank (AfDB) sent a delegation led by its Quality Assurance and Results Department and Climate Change Coordinating Committee to the UN Climate Change Conference in Panama City, Panama from 1 to 7 October 2011.AfDB Presents Africa Carbon Facility at Inaugural CCDA-I
01-Nov-2011 - Between 17 and19 October 2011, the Climate for Development in Africa (ClimDev Africa) Programme—a joint initiative of the African Development Bank (AfDB), the African Union Commission, the United Nations Economic Commission for Africa—held its first annual stakeholder forum on Climate Change and Development in Africa (CCDA-I). The conference theme, “Development First: Addressing Climate Change in Africa,” reflected the need for integrating development and climate policies and emphasized the importance of African ownership of policy formulation...GIZ Provides Training to AfDB Staff on Environmental Fiscal Reform
01-Nov-2011 - In a continuous effort to explore creative financing options to develop Africa’s green economy, African Development Bank (AfDB) staff members attended training on environmental fiscal reform (EFR) between 4 and 6 October in Tunis, Tunisia. EFR refers to a range of taxation and pricing measures that governments can use to raise fiscal revenues while furthering environmental goals.
Volatile Commodity Prices Detrimental to Developing Economies
01-Nov-2011 - Commodity price volatility has detrimental effect on the public finances of developing countries, according to research conducted by two lecturers at the University of Auvergne in France. In a paper presented at the sixth African Economic Summit in Addis Ababa, Ethiopia, Hélène Ehrhart and Samuel Guérineau said developing economies must devise ways of reducing commodities price volatility, and their detrimental impact on sustainable growth.Loan Syndication “Should Take Higher Priority“ in AfDB Lending Strategy
31-Oct-2011 - Loan syndication will have a higher profile in the lending strategy of the African Development Bank (AfDB). Tim Turner, director of the AfDB’s private sector department, said: “Active resource mobilization through loan syndication needs to be an institutional priority of AfDB, and it is important that the Bank begins to act now.”Africa Nears Agreement on Continental Infrastructure Plan With Accord in Morocco
31-Oct-2011 - African states came closer to finalizing a continental programme for the development of vital infrastructure as talks ended in Morocco at the weekend. North African countries agreed on priority projects at the last round of regional consultations by the promoters of the Programme for Infrastructure Development in Africa (PIDA) in Rabat, Morocco. PIDA is an initiative of the African Development Bank (AfDB), the African Union Commission and the
African Economic Conference Urges African Countries to Take Ownership of Green Growth Agenda
28-Oct-2011 - Africa should unleash its immense natural resources to pursue sustainable economic growth and development, participants at the African Economic Conference said at the end of the event on Friday in Addis Ababa.