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BRICs Build North Africa’s Economy with double-digit trade and investment growth
11-May-2011 - North Africa’s economies are profiting from fast-growing trade and investment from the BRIC countries, according to a new report from the African Development Bank (AfDB).
Africa’s Middle Class Triples to more than 310m over Past 30 Years Due to Economic Growth and Rising Job Culture, Reports AfDB
10-May-2011 - The number of middle class Africans has tripled over the last 30 years to 313 million people, or more than 34% of the continent’s population, according to a new report from the African Development Bank (AfDB). The reasons for the increase in size and purchasing power of the African middle class include strong economic growth, and a move towards a stable, salaried job culture and away from traditional agricultural activities.New Report Finds Education, Women’s Entrepreneurship, Tourism and Trade Key to Africa’s Competitiveness
09-May-2011 - Cape Town, South Africa 4 May 2011 – African economies have made important strides in improving their economic environments in recent years, but much remains to be achieved to ensure that recent strong growth continues. In particular, African governments must better harness the region’s resources through stronger integration into international trade and finance, improved educational systems, enhanced entrepreneurial opportunities for women and developing their tourism sectors.AfDB at the WEF 2011-“One Region: Africa – Three Challenges. From Insights to Action”
06-May-2011 - On 4 May 2011 at the World Economic Forum on Africa in Cape Town, the African Development Bank (AfDB) participated in a session entitled “One Region: Africa – Three Challenges. From Insights to Action”. The following is some AfDB information regarding the subject. Africa can transform through progress on investment and regional integration, and ensure investment reaches the right places. The private sector’s interest infrastructure investment is growing. But regional investments carry increased commercial and political risk that act as a...
AfDB’s Human Resources Management Department Deploys Social Network Media for its Recruitment Outreach
06-May-2011 - Interviewed by Aristide Agoungnon AhouassouAfDB at the WEF 2011-The Africa Green Fund
06-May-2011 - Climate change is a prominent issue at 2011 session of the World Economic Forum for Africa . Due to Africa’s vulnerability to the impact of climate change, it is certainly one of the continent’s priorities. Although Africa produces very little greenhouse gas emissions, it still needs to employ mitigation and adaptive measures, which require significant financial resources. It was recently suggested that for the continent to engage on a sustainable development path, annual commitments in the range of US$ 22 to 31 billion up to 2015 would be...AfDB at the WEF 2011-Bridging Borders: Fostering Regional Integration
06-May-2011 - AfDB at the WEF 2011-These are the African Development Bank (AfDB) comments on the session entitled “Bridging Borders: Fostering Regional Integration” at the World Economic Forum on Africa in Cape Town on 6 May 2011. Session Talking Point: “Intra-Africa trade remains low at 10%, compared with 40% for North America and 60% for Western Europe. How can political will and investment in cross-border infrastructure help expedite greater regional integration?”Global Monitoring Report 2011: “Improving the Odds of Achieving the MDGs”
05-May-2011 - This year’s Global Monitoring Report 2011 entitled “Improving the Odds of Achieving the MDGs - Heterogeneity, Gaps and Challenges”, reviewed the evolution of the Millennium Development Goals (MDGs) towards their achievement deadline set for 2015 by World Leaders in 2000.
Regional Integration and Inclusive Growth high on AfDB agenda at World Economic Forum for Africa
04-May-2011 - The African Development Bank (AfDB) Group will participate in the World Economic Forum on Africa (WEFA), in Cape Town from 4-6 May, and will bring to bear its unique knowledge and experience of development issues on the continent. In particular, the AfDB will participate in a session on the changes taking place in the Middle East and North Africa (MENA). The Bank’s temporary relocation agency office is in Tunis.AfDB and World Bank Jointly Pledge USD 1 billion to Support Tunisia
03-May-2011 - The African Development Bank and the World Bank pledged USD 1billion to support Tunisia after the presidents of both institutions met in Tunis on 3 May 2011. In this joint action, each bank will provide USD 500 million in budget support to the country. The AfDB President, Donald Kaberuka, welcomed the visit of his World Bank counterpart, Robert Zoellick, to the Bank’s temporary relocation agency office in the Tunisian capital. The joint operation is also a sign of stronger cooperation between the two multilateral banks.Evaluation of Public Financial Management Reform in Africa: “A Core Element for Effective and Sustainable Development”
02-May-2011 - High-level Public Financial Management (PFM) experts from across Africa are meeting in Tunis this week for a two-day workshop (3 - 4 May 2011) to discuss how to evaluate public financial management reform in Africa. The workshop, which is hosted by the African Development Bank's Operations Evaluation Department (OPEV), is part of the evaluation of PFM reform that the AfDB is undertaking jointly with Danish, Swedish and British Cooperation Agencies (DANIDA, SIDA and DFID).AfDB Approves Urban Development Strategy for African Cities
29-Apr-2011 - Tunis, 28 April 2010 - The Board of Directors of the African Development Bank (AfDB) Group has approved the Bank’s Urban Development Strategy. The strategy is designed to transform African cities and towns into engines of economic growth and social development. The Strategy is anchored on three pillars, namely infrastructure delivery, governance and private sector development.AfDB Adopts Strategy for Regional Integration in Central Africa
28-Apr-2011 - Tunis, 27 April, 2011 - The Board of Directors of the African Development Bank (AfDB) today approved its 2011-2015 Regional Strategy for Central Africa. The strategy is designed to reduce poverty through infrastructure development as well as institutional and human capacity building.African Development Bank Wins Africa Energy Award
27-Apr-2011 - Tunis, Tunisia, 25 April 2011 - The African Development Bank (AfBD) has won the “Best Financial Support in the Power Sector” award presented by Terrapinn* in South Africa. The award recognized the Bank’s range of exceptional financial services for the development of projects. The awards were announced during the Power and Electricity World Africa 2011 conference, which took place in Cape Town from March 28 through April 1.
AfDB Places Emphasis on Agriculture Portfolio Quality
20-Apr-2011 - The Bank’s agriculture portfolio task managers and coordinators from central and southern African Regional Member Countries (RMCs) converged on Tunis from 18-19 April 2011, for a seminar on project management with emphasis on the quality of active portfolios under the auspices of the agriculture and agro-industry development division (OSAN.3).AfDB Governors Consider Situation in Abidjan, Tunis
20-Apr-2011 - Washington, 20 April, 2011—The Governors’ Consultative Committee of the African Development Bank met in Washington, DC this week to consider the implications of recent events in Abidjan and Tunis for the Bank’s operations. The African Development Bank has run its operations from its temporary location in the Tunisian capital since relocating there from its Abidjan headquarters in 2003 due to the Ivorian crisis.
AfDB to Incorporate Biomass and Bio-energy into New Energy Strategy
20-Apr-2011 - Tunis, Tunisia, 20 April 2011 – The African Development Bank (AfDB) hosted a one-day seminar on “Biomass and Bio-energy Development in Africa” on Tuesday in Tunis, to seek inputs on the subject to feed into its Energy strategy, currently under preparation. Opening the seminar, AfDB Energy, Environment and Climate Change Department (ONEC) Director, Hela Cheikhrouhou, underscored the importance of the meeting in crafting the Bank’s energy strategy and five-year work plan, noting that bio-energy was a new and controversial idea in Africa.WB and AfDB Urge Sudan to Resolve Issues-Pledge Support for Broad Based Development
18-Apr-2011 - Washington, April 18, 2011—A third Sudan Roundtable, a forum launched by the World Bank to promote broad partnership in support of Sudan’s development, was held during the World Bank/IMF Spring Meetings. The event was co-chaired by the President of the African Development Bank, Dr. Donald Kaberuka, and the Vice President of the Africa Region of the World Bank, Ms. Obiageli Ezekwesili.