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Transforming Africa’s Trade Finance Industry: What Next?

31-May-2013 - On the margins of the African Development Bank Group (AfDB) 48th Annual Meetings, in a side event gathered on May 29th 2013, Trade Finance (TF) leaders and practitioners met to exchange views on their perspectives of the trade finance industry in Africa.  TF contributes positively to private sector development, at the core of Africa’s Structural Transformation, and inclusive growth.

To increase competitiveness, Africa needs regional integration

31-May-2013 - African countries do very little business between them, in comparison with Asian and European countries. One of the reasons for this is partly due to the weakness of regional integration. Now, how to promote intra-African investment to improve the continent’s competitiveness? What are the challenges in terms of regional integration? These were the issues discussed by the experts on May 29, during the African Development Bank’s (AfDB) Annual Meetings, in Marrakesh, Morocco.

Enforcing Reform is Key for Economic Growth

31-May-2013 - Making Africa a better place to do business was at the centre of discussion during a workshop titled “Improving Africa’s Investment Climate” at the African Development Bank’s Annual Meetings held in Marrakech on May 29.

AfDB, Federal Government of Nigeria sign US $300 Million Loan Agreement

31-May-2013 - May 27th 2013 marked the beginning of yet another important relationship between the African Development Bank and The Federal Government of Nigeria. A loan agreement to support the transport sector was signed by the Minister of Finance, Ngozi Okonjo Iweala, and the Resident Representative of the Nigeria Field Office, Ousmane Dore.

The Mobile Telephone a Means of Improving Access to Financial Services in Africa

30-May-2013 - A great number of Africans are still excluded from their financial systems. In spite of their growth, banks in Africa cover only 23 percent of the population. The rate is 11 per cent in the Central African Republic and 2 per cent  in Niger, panelists who discussed  the issue said at the 48th Annual Meetings of the African Development Bank in Marrakech, Morocco, said.

AfDB Supports Drought Resilience Programmes in the Horn of Africa and the Sahel

30-May-2013 - Discussions on how to build drought resilience in the Horn of Africa and the Sahel were held on 28 May 2013 in Marrakech on the sidelines of the Annual Meetings of the African Development Bank (AfDB) Group which is funding the programme.

AfDB’s donation to São Tomé and Príncipe to finance the South-South cooperation

30-May-2013 - Regional integration and the intensification of the South-South cooperation were at the core of the discussions in Marrakech, on the sidelines of the Annual Meetings of the African Development Bank (AfDB), which ended on Friday, May 31.

AfDB and WWF Call for Urgent Action to Combat Wildlife Crime

30-May-2013 - The African Development Bank (AfDB) and WWF will launch today a joint global call for action and commitment from governments and other institutions to combat the rampant illicit wildlife trafficking scourge that is robbing Africa of precious natural resources and posing a major threat to stability and economies across the continent.

African Leaders committed to continent’s economic rebirth

30-May-2013 - African leaders are firmly committed to lead new policies based on a strong growth, rocketing demography and huge natural resource potential, to create the conditions of Africa’s economic rebirth.

Illicit financial flows: Africa a net creditor to the rest of the world

30-May-2013 - The result of over eight months of research is overwhelming: since 1980, Africa has lost the same amount of money it received from abroad, from all sources, due to illicit financial flows, according to a joint report launched Wednesday by the African Development Bank (AfDB) and Global Financial Integrity (GFI).

Stakeholders Laud AfDB’s Good Performance

30-May-2013 - The African Development Bank (AfDB) group has received high commendations from Heads of State, Ministers and Stakeholders attending the Bank’s 2013 Annual Meetings in Marrakech, Morocco.

AfDB, USAID, and Government of Sweden Launch Agriculture Fast Track Fund to Spur Investment in African Agricultural Infrastructure

30-May-2013 - Thursday 9 May 2013 - Donald Kaberuka, the President of the African Development Bank (AfDB); Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID), and Gunilla Carlsson, the Swedish Minister for International Development Cooperation, have announced the creation of an Agriculture Fast Track Fund for Africa.

President’s AfDB Annual Meetings Blog - ‘Le temps de l’Afrique’

30-May-2013 - Day 4 ‘C’est le temps de l’Afrique’, said Nizar Baraka, Minister of Finance in the Kingdom of Morocco, and the outgoing chair of the African Development Bank’s Board of Governors.  ‘This is Africa’s hour.’ 

The Diaspora Prepared to Invest in Africa

30-May-2013 - Fifty years after independence, infrastructure in most African countries is still in a very poor state. These countries lack the necessary financial capacity to build new ones. Where can they obtain the means to construct these development projects? How can these countries attract investors to the continent? What is role of the diaspora in the continent’s transformation? These were the questions raised by experts on May 29 at the Annual Meetings of the African Development Bank (AfDB) in Marrakech, Morocco.

The AfDB Committed to a Transition to Greener Economies and Growth

30-May-2013 - On Tuesday, May 28, the African Development Bank organized at its Annual Meetings in Marrakech a high-level side event discussing how African countries could grow green and transition to a green economy.

AfDB Supports Egypt’s MSMEs

30-May-2013 - The African Development Bank and the Government of Egypt on 29 May in Marrakech, Morocco, signed a US$2-million grant to help the country develop an enabling environment for micro, small, and medium enterprises (MSMEs). The project, financed by the grant goes to the heart of one of the most important challenges facing Egypt, the urgent need to create jobs and inclusive growth.

AfDB Supports Sanitation Project in Sokodé, Togo

30-May-2013 - The African Development Bank (AfDB) will promote urban sanitation in Sokodé, Togo, and enable the population to benefit from toilets, through the valuation of fecal sludge and micro-credit.

Three exceptional personalities recognized at African Banker Awards: Kaberuka, Joseph and Ekra

30-May-2013 - Three influential personalities from Africa’s finance world, Donald Kaberuka, Michael Joseph and Jean Louis Ekra, were recognized during the 2013 African Banker Awards gala Wednesday, May 29, on the sidelines of the African Development Bank’s (AfDB) Annual Meetings in Marrakesh.

A green economy: reconciling man with his environment

30-May-2013 - The promotion of green growth and the construction of a green economy in Africa aim to assure the well-being of humans, in the face of climate change. This issue was at the core of the debate “Africa’s transition to green economy” organized on May 28, in the context of the African Development Bank’s Annual Meetings which took place in Marrakesh, Morocco.

Natural Resources: Putting the interests of Africans First

29-May-2013 - Political leaders, finance experts have expressed the need to give priority to Africa’s premier resource, its people through good governance and the use of proceeds from natural resources to train and build capacity for sustainable development.