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ALSF and PALU to launch capacity building programme to enhance law practices in Northern Africa

24-Jan-2012 - Interviews North African Lawyers Commend ALSF-PALU Training Opportunities

AfDB president expresses optimism for African economies

24-Jan-2012 - AfDB President Donald Kaberuka hosted the annual new year lunch for ambassadors of AfDB member states at the Movenpick Hotel in Gammarth, Tunis on Monday 23 January.

AfDB President pays visit to Tunisian head of state « AfDB more than ever stands by Tunisia »

19-Jan-2012 - African Development Bank (AfDB) Group president Donald Kaberuka, visited President Moncef Marzouki of Tunisia at the Carthage Palace on Thursday. The visit followed the one-year anniversary, on January 14, of the Tunisian revolution. Mr. Kaberuka congratulated the president, the Tunisian people and their elected leaders on the success of the country’s democratic transition process.

AfDB makes successful showing in USD 1 billion bond deal

18-Jan-2012 - Last week, the African Development Bank successfully issued a USD1 billion, five-year bond. Order books totalled USD1.2 billion from 43 investors. Final distribution figures underscored AfDB's strong penetration across different regions. The order book was well diversified geographically. Asian investors came in as the largest buyers at 44 percent of the bond. European and American investors bought 18 percent, while African and Middle East investors bought 15 percent and 5 percent, respectively.

AfDB Support to Improve Health Services in Uganda

18-Jan-2012 - Kampala residents in Uganda will gain access to better healthcare with the implementation of the Mulago Hospital service delivery improvement project co-financed by the African Development Bank (AfDB) Group to the tune of USD 98.8 million. Two concessional windows of the AfDB – the African Development Fund (ADF) and the Nigeria Trust Fund (NTF) are providing USD 72.9 million (UA 46 million) and USD 15.9 million (UA 10 million) respectively, to the project. The loans were signed on 12 January 2011.

AfDB Promotes Improved Access to Water, Sanitation and Health Services in Rural and Urban Uganda

18-Jan-2012 - The African Development Bank and the Government of Uganda signed two separate agreements on 12 January to finance projects to improve health services delivery and access to water and sanitation in both urban and rural areas of Uganda, with a total investment of USD 155.8 million. This double deal is expected to boost the country’s efforts to meet the 2015 Millennium Development Goals for health, water and sanitation.   

1.125% US$ 1.0 Billion Benchmark due 15 March 2017

12-Jan-2012 - Terms of Transaction Issuer: African Development Bank (AfDB) Rating: Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) Issue amount: USD 1.0 billion Pricing Date: 11 January 2012 Settlement Date: 19 January 2012 Coupon: 1.125 % (semi-annual) Maturity: 15 March 2017 Reoffer Price: 99.891% Reoffer Yield: 1.147% (semi-annual) Re-offer vs. Mid-Swaps: - 4.0 bps Re-offer vs Benchmark: 0.875% December 2016 +33.25 bps

AfDB promotes greater access to water and sanitation for rural communities in Uganda

12-Jan-2012 - Up to 2.4 million people in rural areas and small towns across Uganda should have improved access to water supply and sanitation by 2016. This follows the African Development Bank (AfDB) signing on 11 January of USD 67 million package to finance the implementation of Uganda’s Water and Sanitation Programme. The project aligns with Uganda’s national goal to increase access to water supply and sanitation services, to achieve 100 percent coverage by 2035.  

North Africa takes fresh look at Islamic banking at African Development Bank conference

16-Dec-2011 - On 14 December, the African Development Bank hosted a panel discussion on the potential of Islamic finance in North Africa. Focus was on the Bank’s capacity to promote the development of the region following the financial strain North Africa has undergone as a result of this year's political instability.

AfDB promotes statistical development with the launch of the Open Data for Africa platform

16-Dec-2011 - The African Development Bank Group (AfDB), is launching an Open Data for Africa platform. It aims at significantly increasing access to quality data necessary for managing and monitoring development results in African countries, including the Millenium Development Goals. The platform will also serve as a knowledge center for collecting, accessing, and sharing data and data-driven content. The initiative enhances and underpins the AfDB’s statistical strategy to improve data collection and dissemination inAfrica, and to promote statistical...

Lancement officiel du projet d’accès à l’eau potable en milieu rural en Tunisie

16-Dec-2011 - Le gouvernement tunisien et la Banque africaine de développement ont officiellement lancé, le 14 décembre, le programme national d’alimentation en eau potable en milieu rural en Tunisie. L’accord de financement, de 183 millions de dinars tunisiens (95 millions d’euros) a été signé à Tunis, le 19 octobre 2011. Ce programme vise à soutenir la stratégie d’accès à l’eau potable dans les zones rurales, une des priorités de la Tunisie.

AfDB to Explore New Climate Financing from Nordic Countries and Korea in 2012

15-Dec-2011 - A Nordic Development Fund (NDF) delegation will visit the African Development Bank (AfDB) in mid-January 2012 to present its new strategy and operational guidelines for accessing funding for climate mitigation and adaptation activities. The NDF can provide grants of up to USD 4 million for project components covering both soft activities (technical assistance and capacity building) and hard investments where appropriate. Grants can also be used for upstream work, such as studies and master plans.

Sustainable Energy Fund for Africa Fully Operational in 2012

15-Dec-2011 - January 2012 will see the operational inception of the Sustainable Energy Fund for Africa (SEFA), with a call for proposals for up to a total of USD 8 million to be granted as seed funding for innovative small/medium-scale clean energy and energy efficiency projects in Africa. With financing from the Danish government, SEFA is a vehicle to enhance the commercial viability, as well as bankability, of smaller, private sector-driven projects.

Upper Guinea Forest: AfDB, GEF focus in 2012

15-Dec-2011 - Under the Global Environment Facility (GEF), the African Development Bank (AfDB) will continue to develop a pipeline in the areas of climate adaptation and mitigation, land degradation and international waters in 2012. One to watch is a USD 7.2 million GEF grant project that the Bank is helping the Mano River Union (Sierra Leone, Guinea, Liberia and Côte d’Ivoire) prepare to support conservation of the Upper Guinea Forest.

African Carbon Support Program Looks back at COP17 and ahead to 2012

15-Dec-2011 - After extended negotiations, the UN Climate Change Conference in Durban concluded with the adoption of the "Durban Platform," a set of decisions that lay the groundwork for adopting a legal agreement on climate change as soon as possible, and no later than 2015. Governments, including those from 35 industrialized countries, also agreed on a second commitment period under the Kyoto Protocol from 1 January 2013. Parties to this second period will submit their quantified emission limitation or reduction objectives for review by 1 May 2012.

African Water Facility to Commit Approximately €25 million in 2012

15-Dec-2011 - In 2012, the African Water Facility (AWF) expects to commit about €25 million to 22 new projects that will contribute to climate adaptation and mitigation.

AfDB co-financing to CIF Projects Could top USD 600 million in 2012

15-Dec-2011 - In 2012, the African Development Bank (AfDB) expects to approve approximately USD 600 million in co-financing and begin implementation of numerous projects and programs backed by the Climate Investment Funds (CIF).  Anticipated CIF approvals in 2012 are expected to reach about USD 175 million.

AfDB chief closes first commemoration of International Anti-Corruption Day

14-Dec-2011 - On 12 December 2011, the president of the African Development Bank, Donald Kaberuka, closed the first commemoration of the International Anti-Corruption organized by the Integrity and Anti-Corruption Department (IACD) calling for the cooperation of all Bank staff in fighting fraud and corruption in Bank-financed projects and for stronger integration of the Bank’s anti-corruption efforts in its operations. He assured IACD of the Bank’s full support in its efforts in combating illicit practices.   

« Nous ne pouvons pas combattre le changement climatique en condamnant l’Afrique à la pauvreté » - Donald Kaberuka

12-Dec-2011 - « Nous ne pouvons pas combattre le changement climatique en condamnant l’Afrique à la pauvreté », a déclaréle président de la Banque africaine de développement, Donald Kaberuka, présent à la Conférence des Nations unies sur le changement climatique, qui se clôt aujourd’hui à Durban, en Afrique du Sud.

AfDB-IMF joint seminar on “Economic policies for financial stability”

12-Dec-2011 - A 10-day joint seminar on “Economic Policies for Financial Stability” organized in Tunis by the African Development Institute (EADI), in collaboration with the International Monetary Fund, was launched on 5 December 2011. The seminar is designed for middle and senior level officials involved in the formulation of macroeconomic and financial policies. It aims to examine macroeconomic and micro-prudential policies to safeguard financial stability.