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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 department07-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.
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.
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 fund25-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.
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.
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.
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.
G5 Sahel Heads of State throw their weight behind African Development Bank's Desert to Power initiative16-Sep-2019 - G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank-led initiative. The summit, "Harnessing solar energy for the socio-economic development of the G5 Sahel countries" came on the heels of a high-level technical meeting attended by the region’s energy ministers, and development partners including the World Bank, Agence Française de Développement, Masen (Moroccan Solar Energy Agency), and regional institutions such as the West African Economic and Monetary...
13-Sep-2019 - Senior officials from the world’s leading financial institutions have wrapped up their 20th annual meeting in Abidjan at the headquarters of the African Development Bank. The corporate secretaries of international financial institutions (IFIs) met from 11 to 13 September 2019. The gathering coincides with a renewed push for Africa’s development agenda. The host institution, the African Development Bank, is in the process of lobbying for a general capital increase from shareholders to accelerate growth in the continent.
12-Sep-2019 - Principaux outils de transformation économique en Afrique, les cinq grandes priorités stratégiques, « High 5 », lancées en 2016 par la Banque africaine de développement, ont déjà produit des résultats significatifs cette année. L’initiative « Desert to power », présentée officiellement ce vendredi 13 septembre à Ouagadougou, au Burkina Faso, marquera une étape majeure.
5 takeaways from the 2018 Africa Investment Forum: A bold vision to tilt capital flows towards Africa’s critical sectors11-Sep-2019 - “We want investments in Africa to land on a smooth investment runway. No bumps,” – Akinwumi A. Adesina, President, African Development Bank, at the 2018 Africa Investment Forum. When Adesina laid out his vision to “tilt the flow” of capital towards Africa’s critical sectors through the Africa Investment Forum, the notion of convening a purely transaction-based forum, seemed more of an aspiration than a reality.
Pretoria, South Africa: Bank raises awareness of rules on integrity and anti-corruption in two-day session09-Sep-2019 - The African Development Bank’s Office of Integrity and Anti-corruption (PIAC) held a two-day session on 12-13 August 2019 with staff, consultants and contractors to raise awareness on the Bank’s rules and regulations regarding integrity and anti-corruption. The first day brought together staff and consultants based in the Southern Africa regional office in Pretoria and country offices, while the second day was designed for consultants and contractors working with the Bank.
09-Sep-2019 - The African Development Bank country office in Zambia and the UN Nutrition Network have agreed to lead multi-agency commitments aimed at effective implementation of the country’s national food and nutrition agenda. The two agencies reached the agreement on 5 September 2019 when Bank country manager for Zambia, Mary Monyau, hosted the global coordinator and director of the UN Nutrition Network, Purnima Kashyap. Both recognized the role of good nutrition as the basis for sustainable human development.
06-Sep-2019 - On 30 August 2019, the African Development Bank country office in Monrovia, Liberia held a civil society open day, which provided information on the progress of the Bank’s work, updates on current portfolio achievements and a presentation of the upcoming pipeline with regard to the next Liberia country strategy paper 2019 – 2023. The event brought together 56 Liberian civil society leaders, senior government officials from the ministries of finance and development planning, public works and agriculture.
Zimbabwe: African Development Bank, partners launch $96.7 million post-cyclone Idai recovery projects05-Sep-2019 - The African Development Bank, with the World Bank and the government of Zimbabwe on 2 September 2019 launched post cyclone Idai recovery projects totaling $96.7 million to restore livelihoods and rehabilitate infrastructure in areas most hit by the disaster this year.
TICAD7: Invest in Africa’s food markets to win the war on hunger and boost nutrition – African Development Bank30-Aug-2019 - Yokohama, Japan 30 August 2019 – By investing in Africa’s food markets, governments can win the fight against stunting and improve nutrition across the continent. And with support from institutions like the African Development Bank, the results would be a win-win situation for all.
30-Aug-2019 - The African Development Bank is to part-finance the construction of a 563 km power transmission line in Mozambique, after signing the agreement on 28 August to start the Temane transmission project, approved by the Board in July. The Bank will contribute $33 million in grants to the project.
30-Aug-2019 - Yokohama, Japan, 30 August 2019 - The African Development Bank delegation’s packed sessions kicked off on Thursday with President Adesina addressing Plenary Session 3 on Public-Private Business Dialogue: Enhance Trade and Investment between Japan and Africa.