News

To increase competitiveness, Africa needs regional integration

31-May-2013 - African countries do very little business between them, in comparison with Asian and European countries. One of the reasons for this is partly due to the weakness of regional integration. Now, how to promote intra-African investment to improve the continent’s competitiveness? What are the challenges in terms of regional integration? These were the issues discussed by the experts on May 29, during the African Development Bank’s (AfDB) Annual Meetings, in Marrakesh, Morocco.

AfDB, Federal Government of Nigeria sign US $300 Million Loan Agreement

31-May-2013 - May 27th 2013 marked the beginning of yet another important relationship between the African Development Bank and The Federal Government of Nigeria. A loan agreement to support the transport sector was signed by the Minister of Finance, Ngozi Okonjo Iweala, and the Resident Representative of the Nigeria Field Office, Ousmane Dore.

AfDB’s donation to São Tomé and Príncipe to finance the South-South cooperation

30-May-2013 - Regional integration and the intensification of the South-South cooperation were at the core of the discussions in Marrakech, on the sidelines of the Annual Meetings of the African Development Bank (AfDB), which ended on Friday, May 31.

AfDB and WWF Call for Urgent Action to Combat Wildlife Crime

30-May-2013 - The African Development Bank (AfDB) and WWF will launch today a joint global call for action and commitment from governments and other institutions to combat the rampant illicit wildlife trafficking scourge that is robbing Africa of precious natural resources and posing a major threat to stability and economies across the continent.

Illicit financial flows: Africa a net creditor to the rest of the world

30-May-2013 - The result of over eight months of research is overwhelming: since 1980, Africa has lost the same amount of money it received from abroad, from all sources, due to illicit financial flows, according to a joint report launched Wednesday by the African Development Bank (AfDB) and Global Financial Integrity (GFI).

AfDB, USAID, and Government of Sweden Launch Agriculture Fast Track Fund to Spur Investment in African Agricultural Infrastructure

30-May-2013 - Thursday 9 May 2013 - Donald Kaberuka, the President of the African Development Bank (AfDB); Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID), and Gunilla Carlsson, the Swedish Minister for International Development Cooperation, have announced the creation of an Agriculture Fast Track Fund for Africa.

The Diaspora Prepared to Invest in Africa

30-May-2013 - Fifty years after independence, infrastructure in most African countries is still in a very poor state. These countries lack the necessary financial capacity to build new ones. Where can they obtain the means to construct these development projects? How can these countries attract investors to the continent? What is role of the diaspora in the continent’s transformation? These were the questions raised by experts on May 29 at the Annual Meetings of the African Development Bank (AfDB) in Marrakech, Morocco.

AfDB Supports Egypt’s MSMEs

30-May-2013 - The African Development Bank and the Government of Egypt on 29 May in Marrakech, Morocco, signed a US$2-million grant to help the country develop an enabling environment for micro, small, and medium enterprises (MSMEs). The project, financed by the grant goes to the heart of one of the most important challenges facing Egypt, the urgent need to create jobs and inclusive growth.

A green economy: reconciling man with his environment

30-May-2013 - The promotion of green growth and the construction of a green economy in Africa aim to assure the well-being of humans, in the face of climate change. This issue was at the core of the debate “Africa’s transition to green economy” organized on May 28, in the context of the African Development Bank’s Annual Meetings which took place in Marrakesh, Morocco.