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AfDB Improving Statistics for Food Security, Sustainable Agriculture and Rural Development

22-Jul-2013 - The African Development Bank Group’s Board has approved the institution's participation in implementing a five-year Africa Action Plan for improving statistics for food security, sustainable agriculture and rural development.

UN University’s Institute for Natural Resources in Africa sends mission to AfDB in Tunis

21-Jul-2013 - A delegation from the United Nations University’s Institute for Natural Resources in Africa arrived at the African Development Bank’s temporary relocation agency offices in Tunis on Monday, July 22, on a three-day mission. The delegation, led by the Institute’s Director, Elias Ayuk, will hold talks with the senior management of the Bank about continuing collaboration between the two organizations regarding the protection of Africa’s natural resources and the promotion of a green economy.

Africa’s Regional Bodies Commit to Filling Infrastructure Financing Gap

20-Jul-2013 - In a meeting held on 19 July 2013 in Tunis, Tunisia heads of key African economic and development institutions committed to working towards filling Africa’s infrastructure financing gap. African Union Commission (AUC) Chairperson, Nkosazana Dlamini- Zuma, United Nations Economic Commission for Africa (ECA) Executive Secretary, Carlos Lopes, and African Development Bank (AfDB) Group President, Donald Kaberuka, along with heads of other regional economic communities attended the meeting. The one-day gathering discussed mainly innovative ways...

Africa’s Institutions Endorse AfDB’s Africa50 Fund to support Infrastructure Financing

20-Jul-2013 - In a joint declaration issued in Tunis, Tunisia, on 19 July 2013, African institutions endorsed the AfDB’s Africa50 Fund as Africa’s vehicle to facilitate large-scale mobilization of resources and to unlock international private financing with a view to addressing Africa’s infrastructure gap. During the meeting the heads of key African political, economic and finance institutions “pledged to work together towards building Africa50Fund”.

Heads of Africa’s Institutions Discuss Continental Infrastructure

20-Jul-2013 - Executive Directors of the African Development Bank (AfDB) Group hosted the heads of Africa’s political, economic and development institutions on Friday, 19 July 2013 in Tunis, kick- starting a day-long round table on how to scale up infrastructure financing for the continent’s transformation in the next 50 years.

AfDB Board approves Strategy Papers for Equatorial Guinea and DRC

18-Jul-2013 - The Board of Directors of the African Development Bank (AfDB) Group met on Wednesday, July 17, 2013 in Tunis, and approved country strategy papers for Equatorial Guinea and the Democratic Republic of Congo.

AfDB Board Approves Bank’s Independent Evaluation Strategy for 2013-2017

18-Jul-2013 - The Board of Directors of the African Development Bank (AfDB) Group approved the Bank’s Independent Evaluation Strategy 2013-2017 on Wednesday, July 17, 2013 in Tunis. The Independent Evaluation Strategy links the ultimate goals of the Independent Evaluation Policy with the work program of the Bank’s Operations Evaluation Department (OPEV).

AfDB Approves US $ 22.56-million Loan for Senegal’s Community Roads Project

18-Jul-2013 - The African Development Bank (AfDB) Group Board approved on Wednesday, July 17, 2013 in Tunis a US $22.56-million African Development Fund loan to finance Senegal’s Community Roads Project.

Fostering Financial Inclusion with Mobile Banking

18-Jul-2013 - The annual growth rates of mobile phone penetration in the developing world have ranged between 30% and 50% or higher, and penetration has been rapidly increasing. In Africa, mobile phone penetration has exploded during the last ten years. Between 1998 and 2009, Africa witnessed an increase from 0.53 per 100 people to 42.82 per 100 people. At the same time, the average price of a 2G handset decreased from USD 150 in 2003 to USD 75 in 2008. Africa is now considered to be the fastest emergent continent for ICT sector growth.

Regional Communities to Discuss Infrastructure Financing in Africa

18-Jul-2013 - ‘Scaling up of infrastructure financing in line with Africa’s vision for the next 50 years” is the theme of a round table that will take place in Tunis, Tunisia on 19 July 2013. The aim of the roundtable is to rationalize approaches and foster synergies so as to optimize the impact of the various initiatives within a collective and coordinated framework, as well as to strengthen partnerships to accelerate the delivery of Africa’s transformation agenda.

La BAD a dédié 4 milliards de dollars à la finance climatique en 2011 et 2012

17-Jul-2013 - La Tunisienne Hela Cheikhrouhou a été désignée, le 26 juin 2013, première directrice exécutive du nouveau Fonds vert pour le climat (FVC), bientôt opérationnel.

AfDB approves up to US $150 Million Line of Credit to Fidelity Bank in support of Nigeria’s Economic Growth

17-Jul-2013 - The Board of Directors of the African Development Bank (AfDB) approved today a US $75-million medium-term line of credit (LoC) to Fidelity Bank Plc to fund selected projects in sectors that are critical to Nigeria’s transformation agenda and economic growth such as infrastructure, manufacturing and Small and Medium Enterprises (SMEs). The LoC will be complemented by AfDB arranged-syndicated financing of up to US $75 million on a best-effort basis.

Multilateral Development Institutions Support a Robust Vision for Sustainable Development in Post-2015

17-Jul-2013 - The leaders of seven multilateral organizations have issued a joint appeal for global support of a report issued by a high-level UN panel that calls for ending extreme poverty and promoting sustainable development.

High Youth Unemployment Opens Door to Political Instability: AfDB Report

15-Jul-2013 - Using statistical analysis, this African Development Bank’s publication titled ‘Youth Unemployment and Political Instability in Selected Developing Countries’ shows that in a given context, an exceptionally high youth unemployment rate makes African countries more prone to political instability. The authors studied a sample of 24 developing countries from the period 1980 to 2010.

African Countries Follow International Statistics Guidelines

15-Jul-2013 - The reliability of economic statistics is a crucial concern now that African development is gathering pace and foreign investors need reassurance that they can rely on African statistics.

AfDB Calls for Partnership to Promote Best Practices in Higher Education Policies in Africa

15-Jul-2013 - Titled ‘Accelerating the AfDB’s Response to the Youth Unemployment Crisis in Africa’ this African Development Bank (AfDB) publication takes stock of the challenges and responses to youth employment in Africa. The paper proposes a framework to address the crisis as well as the structural needs of the African labor markets.

AfDB Board Approves Liberia Country Strategy Paper 2013-2017

15-Jul-2013 - The African Development Bank Board of Directors on Wednesday, July 10, 2013 in Tunis approved a five-year Country Strategy Paper (CSP) for Liberia covering the period 2013-2017.

AfDB Continues to Support Low-carbon Development Pathways for Africa

12-Jul-2013 - For the fifth time the African Development Bank was a co-organizer of the Africa Carbon Forum (ACF) along with UN agencies, the World Bank and the International Emissions Trading Association (IETA). This important forum was held from July 3-5, 2013 in Abidjan, Côte d’Ivoire. Given the challenges of the current carbon market, ACF reflected on how the Kyoto Protocol’s Clean Development Mechanism (CDM) and other mitigation and financing mechanisms have performed to date ad discussed how those mechanisms could continue to be successfully applied...

At WTO Meeting on Aid for Trade in Geneva, AfDB President Presents the Africa50 Infrastructure Fund

11-Jul-2013 - Highlights of the Conference At the invitation of the World Trade Organization, African Development Bank Group President Donald Kaberuka participated in the opening day of the 4th WTO Global Review of Aid for Trade (AfT) on July 8 in Geneva. The AfT review took place from July 8-10 under the theme “Connecting to value chains”.

Africa is Now the Fastest Growing Continent in the World

11-Jul-2013 - Africa is now the fastest growing continent in the world, the African Development Bank’s Annual Development Effectiveness Review 2013 states. The report, just published, says this growth has been driven mainly by improved economic governance on the continent and the private sector. “Africa’s economic growth could not have happened without major improvement in economic governance.

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