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How AfDB’s investments in youth raise hope for a new Africa
07-Jun-2017 - “The future of Africa’s youth does not lie in migration to Europe; it should not be at the bottom of the Mediterranean; it lies in a prosperous Africa. We must create greater economic opportunities for our youth right at home in Africa.” – Akinwumi Adesina to G7 leaders Current statistics put Africa’s overall unemployment rate at 8%, while the youth unemployment rate hovers around 13%.
AfDB to work with African Central Banks to increase national savings
07-Jun-2017 - The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures to improve tax collection and exchange information to improve monitoring of domestic financial markets.
Political will needed to drive Africa’s agricultural transformation, debate hears
06-Jun-2017 - The African Development Bank has identified political will as a key ingredient to Africa’s agricultural transformation agenda and to pull millions of people out of poverty.
Nutrition et sécurité alimentaire : la Banque africaine de développement offre son appui dans la région CEDEAO
01-Jun-2017 - Grâce au fond fiducaire de coopération économique Corée-Afrique, la Banque africaine de développement (BAD) appuie le nouveau Programme de renforcement des capacités en nutrition et sécurité alimentaire en Afrique de l’Ouest (PRENFOS) avec un financement de 525 000 dollars EU.
African Community of Practice project trains Senior Government Officials on Rapid Results Initiative
01-Jun-2017 - The African Community of Practice (AfCoP) on Managing for Development Results (MfDR), at the African Development Bank (AfDB) in the Delivery, Performance Management and Results Department, organized a two-day training event from May 11-12 2017 in Abidjan, Côte d’Ivoire. The participants in this training included senior government officials and Bank focal points.
Africa-India Partnerships: E-governance identified as a key enabler of Africa’s transformation
31-May-2017 - E-governance is the future of development, and without it African countries will struggle, says Malawi’s Secretary to the Treasury, Ben Botolo. Featuring on a panel discussion on “Africa-India Partnerships in E-Governance” on Thursday, May 25, at the AfDB’s 52nd Annual Meetings, Botolo said Africa stands to benefit from e-governance as evidence shows that it reduces physical interface, thereby reducing costs.
Closing infrastructure gap in Africa a key catalyst for investment, says G20
30-May-2017 - The G20 says closing infrastructure gap on the continent represents a key step to achieving better youth employment and economic transformation. Under the current German G20 Presidency, the key objective to advance the sustainable economic development of the African continent is of particular importance. But this objective cannot be realized without good infrastructure, says Thomas Silberhorn, Germany Parliamentary State Secretary, whose country currently heads the G20.
African Ministers seek greater partnership with India to enhance cancer diagnosis, check high disease burden
30-May-2017 - Worried about the continent’s poor health indices, African countries are seeking greater partnership with India. The continent’s Ministers of Finance and Health, who are leading this drive, are seeking the scaling up of their bilateral cooperations with India for the improvement of healthcare for the African people. In the spirit of South-South cooperation, they are seeking to explore India’s leading role for more significant investment opportunities for both sides.
Thirteen African countries seal agriculture industrialization deal with India
29-May-2017 - Thirteen African countries have signed a series of partnership agreements with India to enhance the supply of agricultural machinery, credit advancement to farmers and scientific cooperation.Développement agricole de l’Afrique : faire plus de place à la société civile
25-May-2017 - Ces dernières années, la Banque africaine de développement (BAD) n’a eu de cesse de vouloir associer la société civile africaine aux débats ayant trait au développement et à l’avenir de l’Afrique. Le société civile peut – et doit – devenir un partenaire indispensable dans le projet de nourrir l’Afrique, selon de nombreux experts et acteurs du secteur agricole sur le continent.
“To develop its textiles market, Africa needs its cotton”
25-May-2017 - Pathé’O – of Burkina origin and Ivorian by adoption – and Sidahmed Alphadi – from Niger –, fashion designers of international renown, pleaded the cause of African cotton, a precondition if the textiles industry in Africa is to flourish.
And the winners of the Africa Development Impact Awards are…
25-May-2017 - Five innovative projects in the High 5 areas have been awarded the Africa Development Impact Award Morocco received the Light up and power Africa category with an innovative solar power plant project to scale up renewable energy capacity; Mauritania won the Feed Africa category for an irrigation project to increase resilience to climate change. A total of 22 submissions were received on all of the High 5 areas covering the continent and rigorously assessed by experts.
Africa and India – sharing the development journey
25-May-2017 - Africa, like India, is a continent of rich and compelling diversity. Both continents share a similar landscape, a shared colonial history, and similar economic and demographic challenges. This helps both India and Africa work especially well with each other.
African unity and solidarity at the heart of Africa Day
25-May-2017 - Africa Day is celebrated each year on May 25 to commemorate the signature of the founding agreements of the Organisation of African Unity (OAU), which was formed in Addis Ababa on May 25, 1963 and later succeeded by the African Union.Focus on AfDB and Africa’s top priority: Lighting up and powering Africa
24-May-2017 - No economy in the world can progress without secure energy supply The AfDB invested US $1.5 billion to Light up and power Africa in 2016 Although African countries have spent money on energy during the last decades, the investments made have not kept pace with the continent’s population economic growth that increased the need for energy. Lack of reliable, abundant power is seriously hindering the continent’s transformation.
AfDB spouses support Ahmedabad orphanage
24-May-2017 - The African Development Bank has made a donation to the Mahipatram Rupram Ashram, one of the largest and oldest orphanages in India. Grace Adesina, wife of the Bank President, presented a cheque to Naranbhai Patel, President of the Mahipatram Rupram Ashram on Wednesday during a tour of the orphanage. The visit was part of the two-day spouse programme organized in the margins of the African Development Bank Annual Meetings being held in Ahmedabad, India, from May 22-26, 2017.
Development of Africa’s human capital for industrialization dominates Africa-Asia partnerships talks
24-May-2017 - Development of Africa’s human capital has been identified as key aspect to achieve industrialization. During a TV debate at the African Development Bank Group Annual Meetings, African leaders recognised that a needs-based approach to human capital development would be crucial for the continent to leapfrog and achieve industrialization.