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Trade Integration Key to Macroeconomic Convergence, Says New AfDB Report
26-Mar-2013 - Launch of a policy-paper series on regional integration A new policy paper by the African Development Bank carries the importance of trade integration to macroeconomic convergence.The African Water Facility: Boosting the Water Sector through Sustained Collaboration
25-Mar-2013 - The low rate of investments in the water sector has been a major obstacle to accelerate the development and improved management of water resources critically needed to help meet Africa’s growing water demand. It is estimated that over US $50 billion a year will be required for the next 20 years for the sector to keep up with exponential population growth and the increasing needs of water-dependent industries in sectors such as food and beverages, chemicals, energy, paper, tourism and wood.Tanzania’s Geothermal Roadmap to Tap Renewable Energy Resources with AfDB Support
25-Mar-2013 - On March 13-14, 2013, a wide range of stakeholders gathered in Dar-es-Salaam for a Tanzania Government-hosted workshop to consider the country’s “Geothermal Legal and Regulatory Framework”. Participants included government officials, private developers, geothermal resource survey specialists, development partners, lawyers and civil society representatives.
Message from the President : World Water Day – Is the Glass Half Full or Half Empty?
22-Mar-2013 - We invest billions of dollars to find evidence of water and life on Mars, but here on Earth, we struggle to mobilize the funds needed to develop the full potential of the water resources we depend on for life and growth. Is the glass half full, or half empty, on World Water Day today?
World Water Day 2013: International Year of Water Cooperation
22-Mar-2013 - Water Cooperation: Key to Unlocking Africa’s Water Potential, Meeting Water Needs The importance of cooperation has long been recognized as fundamental to developing Africa’s water sector. African Governments and development partners alike understand the centrality of water in meeting basic human needs, supporting socio-economic development and poverty reduction, as well as in protecting the environment and biodiversity – and continue working together to catalyze the development of the water sector to meet Africa’s water needs.
At the AfDB, Water and Sanitation is a Gender Issue
22-Mar-2013 - The issue of water and sanitation is of utmost importance given the place of women in African society. It illustrates how African women suffer from inequality, particularly when it comes to access to education. In an African context, drawing water, transportation, storage and use, and cleanliness of public and private facilities are mostly the responsibility of women. Therefore, the scarcity of water and insufficient water supply equipment greatly affect the schooling of young girls and the education of women.Large-Scale Hydropower Projects Supported by AfDB to Transform Africa
22-Mar-2013 - “In Africa lies a paradox between plentiful untapped hydropower and other renewable energy resources versus very little electricity access. Forty-five per cent of the electricity generation in Sub-Saharan Africa comes from hydropower but only five per cent of the continent hydro-potential has been tapped. By harnessing those resources, we help delivering sustainable energy to many more people.” – Hela Cheikhrouhou, Director of Department of Energy, Environment and Climate Change, African Development BankCall for Papers - Expert Group Meeting on Inclusive Growth in Africa
19-Mar-2013 - Background Africa’s economic growth has accelerated in recent years, yet the quality and inclusiveness of this growth remain a major concern to policymakers, researchers, development partners and, most importantly, the ordinary people it is expected to benefit.The AfDB and its partners in search of a regional approach for the employment of the young and qualified in North Africa
19-Mar-2013 - The African Development Bank Group (AfDB) organized on the 12th and 13th March in Rabat, Morocco, a regional conference on the employment of young graduates from institutions of higher education. The object of the conference was to rethink and lay down more efficient reform policies with regard to higher education in order to guarantee the possible employment of young graduates.AfDB Takes Africa to Istanbul
18-Mar-2013 - Istanbul, March 17th, 2009 - The 5th World Water Forum has opened in Istanbul, Turkey with the African Development Bank (AfDB) leading and coordinating Africa’s Regional participation. The Bank had played this role during the preparatory process which explains why a high level delegation from the Bank led by the Vice President Mr. Mandla S.V.Development Effectiveness Review 2012
18-Mar-2013 - The Development Effectiveness Review (DER) is a series of publications reviewing the African Development Bank’s (AfDB or Bank) contribution to Africa’s development results. Beginning with the first Annual Development Effectiveness Review published in 2011, the DER series has promoted transparency and accountability to our member countries and stakeholders. It also helps us ensure that our operations are continually improving.
The AfDB and Nobel Laureate Muhammad Yunus Launch Social Business in Africa
15-Mar-2013 - Muhammad Yunus, founder of Grameen Bank and 2006 Nobel Peace Prize laureate, delivered on March 13 a message of hope to Tunisians at a national conference on social business in Tunisia. The conference, which took place at the Institut des Hautes Etudes Commerciales (IHEC) in Carthage, was organized by the African Development Bank’s Human Development Department and Yunus Social Business, in collaboration with Global Shapers and Orange.Will the CFA Franc have to be devaluated again?
14-Mar-2013 - The euro area continues to be the largest trading partner of the franc zone countries with a very important share (more than 70 per cent of trade) in half of the 14 countries. Membership of this zone has the advantage of restraining inflation over the long term. The common currency has also been used as a basis for regional integration with strong institutions. However, compared to other African countries, the franc zone countries are less competitive in international markets and seem less equipped to counteract some exogenous shocks, which...AfDB Road Improvement Project to Benefit 800,000 People, Create 12,000 Jobs in Uganda
14-Mar-2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, March 13, a loan in the amount of US $144.89 million in support of the Uganda road sector.
African Ministers and Stakeholders Meet in Tunisia to Shape Africa’s Post-MDG Agenda
14-Mar-2013 - From March 11-12, 2013, African Ministers, parliamentarians and policymakers met in Hammamet, Tunisia, to ensure that Africa plays a proactive role in shaping the future global development agenda. In his keynote address to delegates, African Development Bank Vice-President for Operations Aly Abou-Sabaa said, “This is the time for Africa to set its targets for the post-2015 development agenda,” adding: “It is critical that the voice of Africa is heard and accepted” in formulating the agenda.AfDB Approves US $73 Million for Irrigation and Road Projects in Malawi
14-Mar-2013 - The African Development Bank (AfDB) Group approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi. The grants, totalling US $39.98 million from the Global Agriculture and Food Security Program (GAFSP) and the African Development Fund (ADF), will be used to finance the Smallholder Irrigation and Value Addition Project (SIVAP). A total of US $39.6 million will come from the GAFSP Multi-Donor Trust Fund, while the ADF will provide a grant of US $0.38 million.
Africa’s Information Highway - The AfDB Launches Open Data Platforms for 20 African Countries
13-Mar-2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia
Nobel Peace Prize Laureate Muhammad Yunus Spurs the AfDB to a Greater Commitment in Building Social Business
13-Mar-2013 - The 2006 Nobel Peace Prize laureate and micro-credit promoter in Bangladesh, Muhammad Yunus, on Tuesday 12 March in Tunis urged the African Development Bank (AfDB) to provide support to social business given its consequential impact on poverty reduction. Yunus was speaking before members of senior management of the AfDB during a meeting organized by the Office of the Chief Economist of the institution.Souk At-tanmia: A Pilot Project with Women at the Helm
12-Mar-2013 - The African Development Bank is financing a ground-breaking initiative in Tunisia – Souk At-tanmia – with the goal to foster youth employment, particularly in disadvantaged regions that are struggling with high levels of unemployment in the aftermath of the revolution.