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AfDB Reinforces Emerging Africa Infrastructure Fund
28-Sep-2011 - The African Development Bank (AfDB) approved on Wednesday, 28 September 2011 in Tunis an eight-and-a-half-year USD 45 million senior loan to the Emerging Africa Infrastructure Fund (EAIF), to finance its planned investment commitments and support private sector infrastructure projects and infrastructure-related companies in sub-Saharan Africa. This is the second AfDB loan to EAIF. In 2009, the Bank approved a USD 31.25 million senior loan and a USD 12.5 million standby loan facility.Bank Training Staff to See Green Potential in Projects
28-Sep-2011 - During the month of September 2011, the African Development Bank (AfDB) hosted two internal training sessions to continue efforts to deepen understanding of climate change issues across departments and mainstream climate change in all Bank operations. Explaining climate change adaptation in Africa
AfDB, AUC and UNECA to Discuss Land Investment in Nairobi
28-Sep-2011 - The African Development Bank (AfDB), the African Union Commission (AUC) and the United Nations Economic Commission for Africa (ECA) will on 4 and 5 October 2011 in Nairobi (Kenya), co-organize a high level Forum on foreign direct investments in agricultural land in Africa. Over the two days, the Forum participants will share information and experiences on foreign direct investment in land in Africa, develop an African perspective on land-based investments in Africa and; propose a framework of concrete interventions for the implementation of...Bank Assists African Countries Better Understand and Prepare NAMAs
28-Sep-2011 - Even though Africa contributes roughly 7% of global greenhouse gas (GHG) emissions, the continent can play an important role in mitigating the GHGs emissions and reducing the harmful impacts of climate change. Determining which actions to take is a complex process, but developing nations have been given latitude to propose nationally appropriate measures to contribute to global mitigation efforts while taking into account their development objectives.Bank Training to Pilot Climate Safeguards System
28-Sep-2011 - African Development Bank (AfDB) staff is invited to attend a two-day workshop on the Bank’s new Climate Safeguards System (CSS) from 11 to 14 October 2011 in Tunis, Tunisia. CSS aims to support project teams in their efforts to mainstream climate risks into the Bank’s operations. The pilot stage of this climate screening process targets the most vulnerable sectors: agriculture, water, energy and transport. Task managers, as well as environment and climate change specialists working on these sectors, are especially encouraged to attend.
AfDB, Eskom Sign USD365M Renewable Energy Loans
26-Sep-2011 - Investments underline African response to climate change challenge Washington DC, 25 September 2011—Eskom and the African Development Bank (AfDB) today signed two loan agreements for a total value of USD365 million that will enable the first large-scale implementation of renewable wind and solar generation in Eskom’s history. The loan signing ceremony took place in Washington, DC on the sidelines of the 2011 World Bank/IMF Annual Meetings.The achievement of the 2011 Making Finance Work for Africa Partnership Forum
26-Sep-2011 - Tunis, Tunisia, 22 September 2011 – The Making Finance Work for Africa (MFW4A) held its 2011 Partnership Forum from the 15th to the 16th of September in Addis Ababa, Ethiopia. The 2011 MFW4A Partnership Forum was hosted by the United Nations Economic Commission for Africa (UNECA) and organized with the support of the African Union (AU).
AfDB, South Sudan Sign General Cooperation Agreement
25-Sep-2011 - Washington DC, 24 September 2011—The African Development Bank (AfDB) and the Government of South Sudan today signed a general cooperation agreement that will make it possible for the AfDB to extend financial and technical support to South Sudan pending its full membership of the African Development Bank.
Development Partners Stand With Côte d’Ivoire in Reconciliation and Recovery
25-Sep-2011 - Second roundtable for Côte d’Ivoire reaffirms strong support of international communityRegional Programme to Enhance Pastoralism Endorsed
19-Sep-2011 - At the end of a two-day regional workshop on livestock development and drought preparedness held in Djibouti, technical experts and development partners have endorsed a programme that would enhance livelihoods of pastoralists and agro-pastoralists in the Horn of Africa. The IGAD Member States also agreed on a timeframe to finalize the study document and the programme’s implementation modalities
AfDB Holds Consultations with Tunisian Civil Society
19-Sep-2011 - Sous la présidence de Jacob Kolster, directeur du département Région Nord, la Banque africaine de développement a organisé, le 13 septembre 2011, une réunion avec les représentants de la société civile et des ONG tunisiennes. Cette réunion avait pour cadre les consultations sur la stratégie future d’intervention de la Banque en Tunisie, qui portera essentiellement sur les trois piliers suivants :
Four Countries Join Deauville Partnership in Support for MENA Reform
16-Sep-2011 - USD 38 billion available to aid change in Tunisia, Egypt, Morocco and Jordan The Deauville Partnership, set up at the G8 meeting in the French seaside town in May 2011 with the aim of supporting political and economic transformation in Tunisia, Egypt, Jordan and Morocco, has welcomed five new members.AfDB, largest investor of Private Equity Investment fund to support SMEs in the Maghreb
09-Sep-2011 - The African Development Bank (AfDB) announced on 6 September the first closing of the multi-sector private equity fund Maghreb Private Equity Fund III LLC (‘MPEF III’), with a size exceeding Euro 96 million of capital commitments alongside other Development Finance Institutions (DFIs) and institutional investors. The MPEF III is a third-generation multi-sector private equity fund that will target investments in Small and Medium Enterprises (SMEs) in Maghreb.AfDB President Attends AU Pledging Conference on Drought and Famine for the Horn of Africa
25-Aug-2011 - “Time has come to address the root causes of the famines in the Horn.” AfDB President, Donald Kaberuka and his delegation attended the AU Conference in Addis Ababa, on 25 August 2011 on the crisis in the Horn of Africa – a combination of the worst drought in 60 years, the war in Somalia, the attendant refugee movements and internally displaced persons – which has exacerbated the impact of the drought. The Pledging Conference was convened to enable “an African response to an African problem” – from governments, international organizations and...AfDB Scaling-up Engagement With Civil Society
12-Aug-2011 - A Bank-wide task team has begun work on a framework for scaling up the institution’s engagement with civil society. The team met on Tuesday, 8 August 2011 in Tunis, where members examined an updated draft Civil Society Engagement Framework. Introducing the draft prepared by a consultant, Bank CSO Engagement Officer, Zeneb Toure, defined the task team’s role in terms of providing counsel and advice on the tenets of the document, which is an update of the original version revised in 2000. The task team, after presenting individual comments on...
AfDB President Kaberuka in Egypt - Proposes New Partnership for a Competitive Private Sector
09-Aug-2011 - African Development Bank President Donald Kaberuka is on a two-day working visit to Egypt. Meeting with Prime Minister Essam Sharaf and members of cabinet in Cairo on Monday, 8 August, Mr. Kaberuka reaffirmed the Bank's continued support as the country goes through momentous changes.