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“African Development Bank $13 billion investment in Southern Africa is delivering strong results…Africa must not be under-ambitious!” Adesina tells SADC Summit.

19-Aug-2019 - 19-Aug-2019 - The African Development Bank’s $13 billion investment in Southern African region since 2012 is delivering strong results across countries, the Bank’s President, Akinwumi Adesina said, addressing over 1000 delegates at the opening ceremony of the 39th Southern Africa Development Community (SADC) Summit. The theme for this year's Summit is, "A Conducive Environment for Inclusive and Sustainable Industrial Development, Increased Intra-trade and Job Creation." Tanzanian President John Magufuli officially took over as Chair of...

São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth

16-Aug-2019 - 16-Aug-2019 - São Tomé, São Tomé and Príncipe, 16 August 2019 – São Tomé and Principe signed, on Thursday, a country-specific memorandum of understanding for the implementation of the Lusophone Compact aimed at accelerating inclusive, sustainable, and diversified private sector growth. São Tomé is the fifth nation to ink the agreement, after Mozambique, Cabo Verde, Angola, Guinea-Bissau.  The agreement was signed by Hon. Osvaldo Vaz,  São Toméan Minister of Planning, Finance and Blue Economy, African Development Bank ...

São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth

16-Aug-2019 - 16-Aug-2019 - São Tomé, São Tomé and Príncipe, 16 August 2019 – São Tomé and Principe signed, on Thursday, a country-specific memorandum of understanding for the implementation of the Lusophone Compact aimed at accelerating inclusive, sustainable, and diversified private sector growth. São Tomé is the fifth nation to ink the agreement, after Mozambique, Cabo Verde, Angola, Guinea-Bissau.  The agreement was signed by Hon. Osvaldo Vaz,  São Toméan Minister of Planning, Finance and Blue Economy, African Development Bank ...

Walvis Bay to net more tourists, thanks to upgraded port

13-Aug-2019 - 13-Aug-2019 - Sushi and success: Walvis Bay to net more tourists, thanks to upgraded port With its sand dunes and abundant birdlife, Walvis Bay is already an important centre of tourism activity in Namibia. The bay is a safe haven for sea vessels because of its natural deep-water harbour, protected by a sandspit, being the only natural harbour along the country’s coast.  The municipality of 110,000 people on the Namibian coast, draws large numbers of southern right whales to its waters, in this town whose name means “Whale Bay”....

Namibia hails milestone as it launches expanded Walvis Bay Port

05-Aug-2019 - 05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation. Geingob officially launched the refurbished harbour on 2 August 2019, together with Gerson Hinda, Chairperson of the Board the Namibian Port Authority (Namport) and Noel Kulemeka, Operations Manager of the Southern Africa office of the African Development Bank, representing Akinwumi A. Adesina, the Bank’s President. “What we are witnessing today is thus a culmination of a long-...

African Development Bank helps power wind of change in Kenya

01-Aug-2019 - 01-Aug-2019 - Africa’s largest wind farm, a €620 million energy masterpiece boosting 365 turbines in northern Kenya, will help the East African nation stay on track to reach its target of 100% green energy by 2030. Known as the Lake Turkana Wind Power, the 40,000 acre wind farm will generate around 310 megawatts of power to the national grid, enough to light up over 300,000 households.   The winds sweeping the area start in the Indian Ocean and are channeled through the “Turkana corridor” created by Ethiopian and Kenyan...

World Hepatitis Day: WHO urges bolder commitment, resources for 2030 elimination target

30-Jul-2019 - 30-Jul-2019 - Marking this year’s annual World Hepatitis Day on 28 July, the World Health Organization has called for increased financing for hepatitis prevention, testing, treatment, and care services in the context of universal health coverage (UHC). The theme, “Invest in eliminating hepatitis” highlights new research indicating that about $6 billion in investments is required annually to resource the health sector to achieve global elimination targets by 2030. Today, more than 325 million people live with viral hepatitis B and C,...

From youth empowerment to youth investment: the Jobs for Youth in Africa strategy

30-Jul-2019 - 30-Jul-2019 - Africa’s greatest asset is its young people. However, without harnessing their potential and equipping them with skills of the future, restless, hungry, unemployed young people could also be Africa’s biggest problem. On 27 July 2019, while attending the Tony Elumelu Foundation (TEF) entrepreneurship forum in Abuja, Nigeria, African Development Bank President Akinwumi Adesina recommitted to the Bank’s Jobs for Youth in Africa Strategy. He called on global investors, political leaders and the business community to shift from...

African Development Bank concludes dialogue with Lesotho on new country strategy

29-Jul-2019 - 29-Jul-2019 - Abidjan (Côte d’Ivoire), 29th July 2019: An African Development Bank delegation has concluded a dialogue with representatives of the Kingdom of Lesotho to prepare for the country strategy 2020-2024. The dialogue in Lesotho on Friday 26th July 2019 related to the two proposed pillars of implementation: (i) strengthening value chains for sustainable and inclusive growth and job creation, and (ii) leveraging technology for improved governance and institutional capacity. The delegation engaged with government officials, private...

African Development Bank’s appreciation of the work of the Pan-African Farmers’ Organization

29-Jul-2019 - 29-Jul-2019 - Kigali, Rwanda, 29th July, 2019: The 4th General Assembly of the Pan-African Farmers’ Organization PAFO, which took place in Kigali, Rwanda on 23 July 2019, brought together some 50 delegates, including representatives from PAFO’s regional bodies, to discuss the continental platform, as well as institutional, organizational and partnership challenges. A special session of PAFO’s partners (the Bank, the EU, IFAD, FO4ACP, and AgriCord) was held to reflect on how best to engage with civil society and especially small-holder...

African Development Bank unveils new digital platform for Africa Investment Forum

23-Jul-2019 - 23-Jul-2019 - The African Investment Forum’s new digital platform will connect project sponsors with investment opportunities in Africa, vastly improving the quality of project information and documentation. The Platform, as it is known, also provides an opportunity for Transaction Facilitators and Advisers to showcase their professional services to both Investors and Project Sponsors.   Project Sponsors will be able to provide information on their deals to a wide variety of investors at zero cost, while investors can showcase...

La Banque africaine de développement approuve un accord de partenariat avec Attijariwafa bank pour développer le commerce en Afrique

18-Jul-2019 - 18-Jul-2019 - Abidjan (Côte d’Ivoire), le 18 juillet 2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 17 juillet, un accord de participation aux risques (APR) d’un montant de 100 millions d’euros au profit du premier groupe bancaire marocain Attijariwafa bank. Ce programme de partage de risques (50/50), destiné à couvrir un portefeuille de transactions à concurrence de 200 millions d’euros, appuie pour plus d’un milliard d’euros (valeur cumulative) des opérations commerciales étalées sur les...