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Bank to Launch New Platform to Connect Mano River Countries
13-May-2013 - Connecting people, consolidating peace and accelerating economic transformation were the main themes of a high-level seminar organized by the African Development Bank in Abidjan on Monday, May 13, whose aim was to promote regional integration in the four Mano River Union (MRU) countries of Côte d’Ivoire, Liberia, Sierra Leone and Guinea.Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study
13-May-2013 - African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank. Africa is ready for the launch of such infrastructure bonds provided some conditions are met, says the report, titled “Structured Finance – Conditions for infrastructure project bonds in African markets”.
AfDB Gender Forum Stresses Women’s Empowerment in Tunis
10-May-2013 - The first edition of the African Development Bank’s Gender Forum was held in Tunis on May 10, 2013, with women stressing the need to integrate institutional recognition, leadership, resource mobilization, capacity building and expertise development, “if we want to effectively change the state of gender equality in Africa.”AfDB Gender Forum: Changing the State of Gender Equality in Africa
09-May-2013 - The African Development Bank is organizing on 10 May, 2013 in Tunis the first edition of the “AfDB Gender Forum” to leverage the Bank’s advocacy on Gender Equality. The Forum will provide the opportunity for policy makers and development actors to exchange views on crucial steps and innovative approaches that need to be explored to transform the state of gender equality on the continent. The forum will include three panels:
Regional Integration Key to Africa’s Future Competitiveness
09-May-2013 - Africa must increase competitiveness or jeopardize future growth, warns the Africa Competitiveness Report 2013, which assesses prospects for sustainable growth of 38 African countries. Jointly produced by the African Development Bank, the World Bank and the World Economic Forum, the report identifies closer regional integration as an important driver for enhancing competitiveness. Download the full report, highlights, summary,country profiles, rankings and more at www.weforum.org/acr.Le Maroc : Un modèle et un partenaire exemplaire pour la BAD
09-May-2013 - Le Ministre de l’Economie et des Finances, Nizar Baraka, en sa qualité de Gouverneur du Royaume du Maroc à la Banque Africaine de Développement (BAD) et Président du Conseil des Gouverneurs de la BAD, a présidé le 8 mai 2013 à Rabat, en présence du Conseiller Spécial du Président de la BAD, Youssouf Ouédraogo, une conférence de presse pour annoncer la tenue à Marrakech des Assemblées Annuelles du Groupe de la Banque qui se dérouleront du 27 au 31 mai 2013 et qui bénéficie du haut patronage du Roi Mohammed VI.
African Continent Can Transform Within a Generation, Says Kaberuka
09-May-2013 - Speaking at the 23rd World Economic Forum on Africa on Thursday, May 9 in Cape Town, South Africa, African Development Bank President Donald Kaberuka said “Africa has to find its own form of development that works for this continent.” During the session on “Building with BRICS” (Brazil, Russia, India, China and South Africa), Kaberuka said there was a need to banish dependence on foreign aid and “basing our development on other people’s taxation.”
AfDB Pledges US $18 Million in Support of Somalia’s Reconstruction
08-May-2013 - The African Development Bank pledged its support to Somalia’s reconstruction on May 7 with a commitment of US $18 million over three years. African Development Bank President Donald Kaberuka made the commitment during the closing day of the two-day Somalia conference, which concluded in London on May 7.The AfDB supports economic recovery in Mali with a loan of more than 30 billion CFA francs
08-May-2013 - The African Development Bank Group (AfDB) approved on Wednesday, May 8 in Tunis, a loan of 30 billion CFA francs to the Republic of Mali. This amount will be drawn from the resources of the African Development Fund (ADF), the Bank’s concessional window, to finance an Emergency Economic Recovery Support Programme (EERSP).AfDB-Nigeria: Over USD 1 billion investment in potable water projects for millions of households
08-May-2013 - Water is the most critical resource in any nation. It is the principal measure of the health of a country and how its people live. In Tunisia, as in a number of North African countries, the saying to ‘share someone’s water’ means much more than offering someone a cup of water. It means showing an edifying and inspiring love, communicating and building trustworthy relationships.The AfDB Strengthens Its 2013-2017 Assistance Strategy for Côte d’Ivoire
08-May-2013 - The African Development Bank Group, the Government of Côte d’Ivoire as well as stakeholders are engaged in a dialogue, to address the country’s structural development, following the normalization of the socio-political life and the drive of the economic recovery, supported by the National Development Plan (NDP).AfDB Launches US$1.26B Kenya – Ethiopia Electricity Highway
07-May-2013 - The African Development Bank today launched the 1,068-kilometre high-voltage electricity highway to be built between Kenya and Ethiopia. The project, which is expected to be completed in less than five years, involves the construction of transmission lines of about 437 km in Ethiopia and about 631 km in Kenya and associated AC/DC converter stations at Wolayta-Sodo (Ethiopia) and Suswa (Kenya) substations with a transfer capacity of up to 2,000 MW in either direction.Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
07-May-2013 - AfDB/World Bank-supported plan to generate more than a gigawatt of powerStrong Leadership Needed for Inclusive Growth, Experts Say
07-May-2013 - Inclusive growth has attracted considerable attention in recent years, and certainly at the African Development Bank the discussion has reached a fevered pitch. To underpin this debate, the Development Research Department (EDRE) of the African Development Bank together with the Korean Development Institute (KDI) and the Ethiopian Development Research Institute (EDRI) organized an Expert Group Meeting on Inclusive Growth in Addis Ababa, Ethiopia, from May 6-7, 2013. The meeting was held at the Economic Commission for Africa headquarters.
World Economic Forum on Africa Kicks Off in Cape Town
07-May-2013 - The 23rd World Economic Forum on Africa kicked off on Wednesday, May 8 on the theme “Delivering on Africa’s Promise”. The three-day event in Cape Town, South Africa, is expected to draw regional and global leaders from business, government and civil society to discuss the continent’s integration agenda and a renewed commitment to sustainable growth and development.From fear to hope - Getting it right in Somalia
07-May-2013 - It has been two decades of mayhem, chaos and bloodletting in Somalia. A child born at the onset of the Somali crisis is now twenty one. Somalia has still a long way to go: the Al Shabaab are defeated, but they are not yet fully eliminated, and they still have the capacity to kill and to maim. The risks of reversal - and of humanitarian crisis - are always there, and we are not yet done with the effects of disaster. News agency reports last week remind us of the delicate humanitarian and fragile political situation.AfDB’s African Financial Markets Initiative launches website on African local currency bond markets
06-May-2013 - The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB), will launch its website www.africanbondmarkets.org on May 6, 2013. The AFMI website is designed to be a knowledge management and information dissemination tool to raise awareness and understanding of African local currency bond markets.