12-May-2009 - Burkina-be President, Blaise Compaoré, who on Tuesday, May 12, 2009, in Dakar attended the ministerial roundtable on the theme: “Africa and the Financial Crisis: An Agenda for Action”, called on Africans to deal with the crisis with courage and clarity in order for them to seek the necessary solutions to the crisis.
12-May-2009 - Senegalese President, Abdoulaye Wade, who participated on Tuesday, May 12, 2009, in a ministerial roundtable held on the theme: “Africa and the Financial Crisis: Agenda for Action”, highlighted the work done by the current AfDB President, Donald Kaberuka. He said Mr. Kaberuka had placed the institution at a very high level with regard to resources and operations. “The AfDB is meeting our expectations at a time when resources are increasing getting scarce,” he said. These remarks did not leave Mr. Kaberuka indifferent. He drew attention to the...
12-May-2009 - African Development Bank (AfDB) Group President, Donald Kaberuka, on Tuesday, May 12, 2009, in Dakar participated in an AfDB-organized media breakfast on the sidelines of the Annual Meetings where they shared perspectives on how the crisis and its impact have been covered by the continent’s media.
12-May-2009 - Dakar, May 12, 2009 – A rapid resolution of the current financial crisis will be possible if, among other things, investments in infrastructure are accelerated, the African Development Bank (AfDB) Group President, Donald Kaberuka, has said at the opening of the ministerial round-table which was held on the theme: “Africa and the Financial Crisis: An Agenda for Action”, on May 12, 2009, on the sidelines of the AfDB Annual Meetings.
12-May-2009 - Declines in employment and growth, low capacity of institutions responsible for managing development programmes resulting in insecurity and economic downturn, the effects of the global financial crisis are resulting in the collapse of macro-economic frameworks in many fragile states.
12-May-2009 - Dakar, 12 May 2009 – The African Development Bank (AfDB) Group will facilitate the entire 300 million euros loan for Kenya’s Lake Turkana Wind Power Project, out of which, the institution intends to provide 100 million euros.
The loan, which represents 70 percent of the project cost, will be sourced from development finance institutions (DFI) and commercial sources. AfDB is the Mandated Lead Arranger (MLA) for the loan, which has a DFI loan tenor of up to 12 years and 9 years from commercial sources.
12-May-2009 - Dakar, May 12, 2009 – As part of the activities taking place before the Annual Meetings, the AfDB is holding high levels panels addressing major issues of the day for Africa. Below is a synthesis of these panels.
The Global Financial Crisis and Fragile States in Africa
11-May-2009 - Dakar, 11 May 2009 – The African Development Bank (AfDB) Group posted excellent results in 2008, reflecting the institution’s prudent and proactive financial and risk management policies.
11-May-2009 - Dakar, May 10, 2009 – South African business woman, Louisa Madiako Mojela, who became the first recipient of the African Development Bank (AfDB) Group’s African Business Leadership Award, has urged governments in Africa to create people-friendly environments, where all men and women can thrive and attain their maximum leadership potential.
11-May-2009 - The African Development Bank (AfDB) and 29 Regional Member Countries (RMCs) have, so far, signed an agreement to establish The African Legal Support Facility (ALSF), which will become fully operational by the end of June.
11-May-2009 - Some 100 foreign dignitaries, AfDB staff, Executive Directors, Vice Presidents, representatives of top law firms in Africa and Europe, and special invitees gathered at the seaside garden of Hotel les Almadies on Monday evening in Dakar, for a dinner bash featuring the famous rise-based staple “poulet yassa” and “Sobo Badé”, a local dance troupe from Toubab Dilaw town some 50 kilometres South of Dakar.
11-May-2009 - The African Development Bank (AfDB) Group and six other prominent Multilateral Development Banks (MDBs) have pledged to provide US$15 billion to promote trade and strengthen the African financial sector.
The other organizations, the Agence française de développement (AFD), the Development Bank of Southern Africa (DBSA), the European Investment Bank (EIB) the Islamic Development Bank (IDB), the KfW Bankengruppe of Germany and the World Bank.
11-May-2009 - In order to judiciously conduct research that can inspire national policies and influence their design, 24 African think-thanks in 11 African countries have been granted CFAF 45 billion. The financial support is being provided by the International Development Research Centre (IDRC), the William and Flora Hewlett Foundation as well as the Bill and Melinda Gates Foundation.
11-May-2009 - The strategic role of public contracts in performance enhancement and development effectiveness was revisited yesterday by a panel of experts.
11-May-2009 - Dakar, May 11, 2009-The African Development Bank (AfDB) has announced that the African Legal Support Facility (ALSF) will be launched at a Summit in Tunis in June, 2009. The announcement was made during a Press Conference at the institution’s 2009 Annual Meeting taking place in Dakar, Senegal.
The summit will seek to approve its relevant operational legal documents and put in place its governing organs at the Summit.
11-May-2009 - Former South African Minister of Public Enterprises, Alexander Erwin, says the adoption of procurement policy by African countries will enhance the much desired growth and development of the Continent.
Erwin, 61, who served as minister of public enterprises in his country between 2004 and 2008, told his audience, made up of African ministers, diplomats and delegates attending the annual meetings that the level of development achieved by most developed economies like the United Kingdom and United States was due mainly to the adoption of the...
11-May-2009 - At Least an Additional US$15 Billion to Respond to Financial Crisis in Africa-International Financial and Development Institutions to Coordinate Response through African Financing Partnership
10-May-2009 - This is the first review on sustainability of AfDB private sector operations, made public during the 2009 Annual Meetings.
The review clarifies how sustainable development is a core concept of both private sector operations and Bank strategy and how its achievement is fully integrated into the Bank’s working procedures.
10-May-2009 - Dakar, 10 May 2009 - Participants to the 2009 Annual Meetings of the Board of Governors of the African Development Bank (AfDB) Group have begun to converge on Dakar, Senegal, for the 13-14 May gathering scheduled to hold on the theme: “Africa and the Financial Crisis: An Agenda for Action".
10-May-2009 - Ahead of the Annual Meetings scheduled to take place from May 13-14, 2009, the African Development Bank (AfDB) Group has organized a conference on the theme: “African Capital Markets / Making Finance Work for Africa.” The objective is to liberalize the potential of the financial sector for Africa’s development.
