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Zimbabwe: African Development Bank and World Food Programme seek closer collaboration to improve livelihoods

04-Nov-2019 - African Development Bank and World Food Programme (WFP) teams in Zimbabwe held a two-day workshop on 28 and 29 October 2019 to explore ways of consolidating efforts in aid of the country’s socio-economic development.

‘Today is a day of joy for Africa’ - African Development Bank celebrates historic capital increase

01-Nov-2019 - The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced.

Tchad: La Banque africaine de développement œuvre en faveur de l’éducation des filles

30-Oct-2019 - La Banque africaine de développement et le gouvernement du Tchad ont célébré, vendredi 25 octobre à N’Djamena, la restitution des travaux de rénovation du lycée féminin bilingue d’Amriguébé.

Nigeria country office of the African Development Bank launches jobs report

30-Oct-2019 - The Nigeria country office of the African Development Bank on 28 October 2019 launched the Bank’s ‘Creating Decent Jobs: Strategies, policies and instruments’ report in Nigeria. The report, first launched last month in Abidjan, cites growth in the African labour force as the fastest globally. However, successive years of robust macroeconomic policies, which have aided the remarkable economic growth rates for nearly two decades, have not created the jobs required to absorb the increasingly growing labour market entrants or led to sufficient...

Plaidoyer pour une intégration économique de l’Afrique

29-Oct-2019 - NOUS vivons dans cette ère de la complexité où les évidences elles-mêmes, ont besoin de démonstration pour être acceptées. Certains points de vue, portés par des préjugés tenaces et une vision monolithique, ont cette fâcheuse tendance à présenter l’Afrique comme un même pays, ayant une même culture. Au-delà de la vision simplificatrice et idyllique, nous voudrions ne retenir de ces points de vue, que le rêve qu’ils permettent de nourrir : celui de voir tous les pays du continent parfaitement intégrés dans une seule et même entité mais riche de...

Investing in Portuguese-Speaking Africa: The Moment is Now

24-Oct-2019 - Economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area - are making Africa’s Portuguese-speaking countries a hotspot for investor interest. Additionally, new tools – such as the Development Finance Compact for Lusophone Africa – give investors and lenders more comfort to enter into these markets.

How the Africa Investment Forum is transforming the continent’s approach to infrastructure projects

23-Oct-2019 - Streaming across the new bridge linking the Gambia and Senegal earlier this year, cars, trucks and pedestrians celebrated a new era of integration between the two West African countries.  For the first time in over half a century, traders and everyday commuters could travel from one half of the Gambia to the other in a matter of hours, instead of an entire day, or even longer.

Mali : la Banque africaine de développement consulte la société civile sur le Document de stratégie pays

22-Oct-2019 - Le Bureau national du Mali de la Banque africaine de développement, avec l’appui de sa Division société civile et engagement communautaire (AHGC2), a organisé sa première consultation de la société civile, le jeudi 17 octobre 2019. Tenue dans le cadre de l’exercice d’élaboration du Document de stratégie pays (DSP) du Mali pour la période 2020-2024, la rencontre, s’est déroulée au siège du Conseil national de la société civile du Mali (CNSC).

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

19-Oct-2019 - Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today. 

Prepare for the agriculture of tomorrow, African Development Bank President challenges high school students at global symposium

17-Oct-2019 - Young people from around the world gathered in Des Moines Iowa at the Global Youth Institute on Thursday to interact with Nobel and World Food Prize laureates. This year, 450 exceptional high school students from 10 countries attended the three-day Global Youth Institute hosted by the World Food Prize Foundation to facilitate discussion on pressing food security and agricultural issues.

2019 Nobel Peace Prize Winner: Abiy Ahmed Ali, Prime Minister of Ethiopia

11-Oct-2019 - 'I am delighted and proud that Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize. He deserves it for his boldness and resolve to break with the past and build bridges that foster lasting peace. His remarkable leadership will help to bring security and prosperity to the entire Horn of Africa. The African Development Bank congratulates Prime Minister Ahmed and will wholeheartedly support initiatives to help the region achieve its objectives.”

Financial institutions’ chief information officers meet at knowledge sharing convention

09-Oct-2019 - The African Development Bank organized a knowledge sharing event of chief information officers (CIOs) from international financial institutions (IFIs) in Cape Town, 23-26 September.

Africa Investment Forum: CEOs changing the investment narrative in Africa

09-Oct-2019 - “The Africa Investment Forum, with its high-level, well-focused audience, ranks among the best.  Its strength is that it is very transaction-oriented. The Forum not only brings together investors and stakeholders to initiate deals, but can help close transactions that would otherwise take months or years,” says Ebobissé.

Climate Action Summit: Three questions to Dr Anthony Nyong, director climate change and green growth department

07-Oct-2019 - Leaders from all over the world met in New York recently to discuss efforts to tackle climate change. The President of the African Development Bank Group, Dr. Akinwumi Adesina, attended the Climate Action Summit and pledged to double funding commitments to $25 billion from 2020 to 2025 to help African countries address the challenges of climate change. Most of this funding will go towards adaptation. Dr Anthony Nyong, Director of the Bank’s Climate Change and Green Growth Department, answers three questions on the topic, as the summit wraps up.

UNGA 2019: Sahel threats necessitate ‘global response’: Issoufou

25-Sep-2019 - Niger's President Mahamadou Issoufou called on Sunday for a "global response" to the problems of land degradation that threaten the arid Sahel belt. Addressing a meeting of the Climate Commission for the Sahel Region at the United Nations, Mahamadou said the region's 250 million people are struggling with drought, desertification and other impacts of climate change. "The situation in the Sahel has global stakes, and it requires a global response," said Issoufou.

UNGA 2019: African Development Bank to help boost climate change adaptation funding to $12.5bn

25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday pledged to boost funding commitments by $12.5bn to help countries adapt to the effects of climate change between 2020 and 2025. Addressing UN talks on climate change adaptation, Adesina said the Bank was doubling commitments to climate finance to $25bn for the five-year period, half of which would fund climate adaptation.

UNGA 2019: Women are “Africa’s tigers” says Congolese First Lady as African Development Bank touts $3bn fund

25-Sep-2019 - African women are on the cusp of securing gender equality. “We are convinced that the moment for African women has now come,” said Antoinette Sassou Nguesso, the First Lady of the Republic of Congo. Nguesso made the remarks on Tuesday at a meeting of the Organization of African First Ladies for Development (OAFLAD) on the sidelines of the UN General Assembly. “The tiger doesn’t claim its tigerhood, and it has to act like a tiger,” Nguesso, president of OAFLAD, said in French via an interpreter.

Can Africa Afford to ‘Strand’ its Fossil Fuels?

23-Sep-2019 - In recent years, “stranded assets” have attracted a lot of interest, as climate-driven changes to our physical environment amplify the calls for a seamless transition to low-carbon pathways. More than 185 countries have agreed to leave two-thirds of proven fossil fuels in the ground, in order to meet the Paris Agreement climate target of keeping global warming below 2 degrees Celsius.

South Sudan: Bank approves $17.7 million for first education project

20-Sep-2019 - The Board of the African Development Bank approved a proposal for $17.7 million on 5 September, 2019 to finance the first social sector project in South Sudan since the Bank’s engagement in the country in 2012. The project will increase access to improved basic education for children in the Upper Nile, Unity, Jonglei and Eastern Equatoria states and regions.

Angola: Country office anniversary cocktail toasts Bank’s 55 years of Making a Difference

18-Sep-2019 - The Angola country office of the African Development Bank on 10 September 2019 marked the Group’s 55th anniversary with a cocktail reception in Luanda, during which dignitaries toasted the Bank’s fruitful partnership and transformative work in Angola and Africa. The dignitaries included senior government officials, diplomats, development partners and representatives of financial institutions and project coordinators.