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Role of private sector in driving economic growth takes centre stage at 5th KOAFEC
31-Oct-2016 - The first Public-Private Partnership Forum at the 5th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference wound up in Seoul last week with calls on Korean businesses to invest more in Africa. During the meetings, the low level of trade between Korea and Africa came under the spotlight, highlighting opportunities for Korea’s private sector to venture into Africa.
The impact of foreign investment in African cities decrypted by UN-Habitat and AfDB experts during the Habitat III summit in Quito
31-Oct-2016 - During Habitat III, in Quito, Ecuador, the African Development Bank and UN-Habitat organized a networking event to present and discuss the preliminary findings of the first phase of research for the State of African Cities 2017 report.Technology, innovation needed to drive agricultural revolution in Africa
31-Oct-2016 - The African Development Bank’s agenda for transforming Africa’s agriculture was lauded at the 5th KOAFEC Ministerial Conference held in Seoul, South Korea’s capital.AfDB, partners urge companies to actively tackle corruption
28-Oct-2016 - Côte d’Ivoire has joined the Partnership on Illicit Finance. The announcement was delivered by Fiacre Adopo, Adviser to the Minister of Budget, who represented the Ivorian Government during a workshop on tackling corruption, illegal trade and other forms of illicit financial flows (IFF), hosted by the African Development Bank (AfDB). The AfDB has reiterated during the two-day workshop in Abidjan the critical importance of cutting the channels of IFFs, a key to unlocking the continent’s development potential.
Mauritius reaches milestone in SEFA-supported pioneering low-carbon technology project
27-Oct-2016 - The Deep Ocean Water Applications (DOWA) project in Mauritius supported by the Sustainable Energy Fund for Africa (SEFA)marked a new milestone last week by welcoming the largest marine engineering platform of its kind – ‘Joseph Plateau’ – in Port Louis.
Workshop on Fighting Corruption and Tackling Illicit Financial Flows from Africa
27-Oct-2016 - Governance lies at the heart of addressing development challenges on the continent. While the story of the past decade has been one of steady progress throughout Africa, issues of governance, including lack of transparency and accountability remain pervasive concerns, undermining social, economic and political progress at many levels.
Korea scales up its financial assistance for Africa’s economic transformation
26-Oct-2016 - The African Development Bank (AfDB) and the Korean Ministry of Strategy and Finance have signed an Exchange of Letters announcing Korea’s replenishment of a grant of USD 18 million to the KOAFEC Trust Fund for the year 2017-2018. The KOAFEC Trust Fund is AfDB’s largest bilateral fund. Under the agreement, Korea will support the Bank’s strategic priority areas, commonly known as the “High Fives”, which seek to address the socio-economic challenges in Africa. The assistance, will among other things, develop Africa’s value chains, agro-poles and...
Regional Road Safety Workshop
26-Oct-2016 - Road traffic injuries claim more than 1.2 million lives each year worldwide and have a significant impact on health and development. Africa takes the highest share of the road crash burden relative to its low level of motorization and road network density. The characteristics of road crash in the region signifies that over 75% of the casualties are of productive age between 16-65 years; and the vulnerable road users, which include pedestrians, cycle riders and motorcycle riders, constitute over 65% of the deaths.AfDB approves US $25 million for project to make Lake Victoria safe for fisheries and transportation
26-Oct-2016 - On Tuesday, October 25, 2016, the African Development Bank approved a US $25-million loan for a multinational project to establish a safety-of-life communications systems for Lake Victoria. The largest lake in Africa accommodates a fleet of 70,000 vessels, mostly individual fishermen, but lacks any alert or rescue systems. Consequently as many as 5,000 people die in the lake each year.Consultative Workshop on AWF 2017-2025 Long Term Strategy
26-Oct-2016 - The African Water Facility is hosting a consultative workshop its Long Term Strategy, 2017-2025 on Thursday and Friday, October 27 and 28, 2016 at the Heden Golf Hotel in Abidjan, Côte d’Ivoire.AfDB with GEF helps to harness the potential of Africa’s transboundary water resources
26-Oct-2016 - On October 25 at the Global Environment Facility (GEF) Council meeting, the GEF approved the funding of USD 6.3 million for a regional project co-financed with the African Development Bank (AfDB). Funded by the International Waters (IW) window of the GEF, the project aims to strengthen transboundary cooperation and integrated natural resources management in the Songwe River Basin, shared by the countries of Malawi and Tanzania.
Business plan competition seeks clean energy entrepreneurs in West Africa
26-Oct-2016 - During ECOWAS Sustainable Energy Week held in Accra, Ghana (October 17-19), the Private Financing Advisory Network (PFAN) launched its third annual West Africa Forum for Clean Energy Financing (WAFCEF-3) business competition. The competition is open to all businesses and entrepreneurs operating and registered in any of the ECOWAS countries as well as foreign individuals and entities with projects in those countries.AfDB delegation hold talks with officials from Zambia and DR Congo to identify and address cross-border trade challenges
25-Oct-2016 - The African Development Bank’s Zambia Field Office in conjunction with the Regional Integration and Trade Department concluded a working visit, on September 22, to Lubumbashi in the Democratic Republic of Congo to establish current trade patterns with Zambia.
Burkina Faso : Séminaire sur l’amélioration du climat des affaires dans l'espace UEMOA
24-Oct-2016 - La Communauté africaine de pratiques sur la Gestion axée sur les résultats de développement (AfCoP), dont le secrétariat est hébergé à la Banque africaine de développement (BAD), au sein du Département de l’Assurance qualité et des résultats, organise en partenariat avec l’Union économique et monétaire ouest-africaine (UEMOA), un séminaire de trois jours sur la «Amélioration du Climat des Affaires dans l'espace UEMOA», du 25 au 27 octobre, à Ouagadougou.AfDB issues 1% US $1 Billion Global Benchmark due 2 November 2018
24-Oct-2016 - On Wednesday, October 19, 2016, the African Development Bank, rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new US $1-billion 2-year Global benchmark transaction due 2 November 2018. The new 2-year issue is AfDB’s fifth USD Global benchmark transaction in 2016 and is also its first 2-year US dollar benchmark transaction this year. BNP Paribas, Goldman Sachs International, Nomura and TD Securities were mandated as joint-lead managers on the transaction.
AfDB Group to co-host the 5th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference in Seoul
24-Oct-2016 - An African Development Bank (AfDB) Group delegation led by President, Akinwumi Adesina, will attend the 5th KOAFEC Ministerial Conference in Seoul, South Korea from October 24-27, 2016.
Governor of Zambezia Province in Mozambique launches Small Water Scheme financed by the African Development Bank
24-Oct-2016 - The African Development Bank’s drive towards implementing its fifth High 5 priority – “Improve the quality of life for the people of Africa” – was boosted on October 13, 2016, when the Provincial Governor for Zambezia in central Mozambique, Abdul Razak Noormahomed, launched a newly completed and rehabilitated Small Piped Water Scheme in Lioma community in the Gurue district.
Habitat III: Multilateral Development Banks collaborate to support ‘New Urban Agenda’
20-Oct-2016 - In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the Agenda’s words into action by issuing a “Joint Statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.AfDB President Akinwumi A. Adesina’s Opening Remarks at “Jobs for Youth in Africa” West African Ministerial Conference - 18 October, 2016 - Abidjan, Côte d’Ivoire
18-Oct-2016 - Good morning everyone. I welcome you all very warmly to this West Africa Regional Ministerial Conference. We are here to discuss the future of Africa’s youth and how we will create jobs for them. The attendance of so many Ministers is a clear indication that your Governments pay great attention to youth unemployment. I am delighted we have so many young people in this auditorium. We are here for you: you are the future.