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African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market

20-Jun-2019 - The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa.

MDB climate finance hit record high of $43.1 billion in 2018

20-Jun-2019 - Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion.

Le chef de l’Etat congolais, Félix Tshisekedi, et le président de la Banque africaine de développement, Akinwumi Adesina, animent un forum sur le secteur privé

19-Jun-2019 - Dans le cadre de la visite officielle de quatre jours du président du Groupe de la Banque africaine de développement, Akinwumi Adesina, en République démocratique du Congo (RDC), les opérateurs économiques congolais ont débattu, le 18 juin 2019 à Kinshasa, des opportunités d’investissements. Les secteurs majeurs visés étaient l’agriculture, l’énergie, les mines, l’hydrocarbure, le tourisme et l’éducation. Ils ont également présenté la « vision stratégique » du patronat qui peut se résumer comme suit : diversification économique et mobilisation...

Deuxième jour en RDC du président Adesina : dialogue stratégique avec les membres du gouvernement pour insuffler une dynamique au partenariat

19-Jun-2019 - Insuffler une nouvelle dynamique au partenariat bilatéral entre la Banque africaine de développement et la République démocratique du Congo (RDC), et explorer des pistes susceptibles de renforcer la croissance économique du pays. Tels sont les deux objectifs du dialogue stratégique organisé entre la Banque et les membres du gouvernement congolais (Ministres des finances, du budget, de l’agriculture, des PME, de l’énergie, du transport, des mines, du plan, de la santé et du développement rural), à l’Hôtel-Fleuve-Congo, à Kinshasa.

RDC : Première journée de la visite officielle du président Adesina, dépôt de gerbe de fleurs, rencontre avec la presse

18-Jun-2019 - Le président de la Banque africaine de développement, Akinwumi Adesina, est arrivé à Kinshasa dans le cadre d’une visite officielle de quatre jours, à l’invitation du président de la République démocratique du Congo (RDC), Félix Tshisekedi. La délégation de la Banque a été chaleureusement accueillie par les autorités.

The President of the African Development Bank begins an official visit to the Democratic Republic of Congo from June 17 to 20, 2019

17-Jun-2019 - The President of the African Development Bank, Dr. Akinwumi Ayodeji Adesina and a delegation begin a four-day official visit to the Democratic Republic of Congo (DRC), at the invitation of President Felix Antoine Tshisekedi Tshilombo. During the visit, intended to strengthen the bilateral partnership between the Bank Group and the DRC, Adesina will meet with the Congolese Head of State and discuss development issues.

Final communique of the fifty fourth annual meeting of the board of governors of the African Development Bank (ADB) and the forty fifth annual meeting of the board of governors of the African Development Fund (ADF)

15-Jun-2019 - WE, the Governors, representing Member Countries of the African Development Bank and State Participants of the African Development Fund (the “Bank Group”), meeting in Malabo, Equatorial Guinea for the 2019 Annual Meetings from 11th to 14th June 2019 under the chairmanship of His Excellency CESAR AUGUSTO MBA ABOGO, Governor for the Republic of Equatorial Guinea, Minister of Finance and Chairperson of the Boards of Governors:

Interview - Korea Program on International Agriculture (KOPIA)

14-Jun-2019 - Korea imported 900,000 tons of rice every year in the 1970s and became self-sufficient in five years. What made this happen? First, it was thanks to technology development. Korean scientists concentrated their efforts on developing new varieties of rice and succeeded in making their own high-yielding varieties.

“Let’s learn to build it ourselves,” Bank Vice President Sherif in a clarion call to regional economic blocs

14-Jun-2019 - “The day we see an Egyptian farming in Sudan, growing wheat, rather than Egypt getting its wheat from Ukraine, Russia - this is regional integration. The day we see a Sierra Leonean mining his diamond and selling that diamond for the $10,000 that it deserves, not just rough stones but cut and polished, with added value; this is a different Africa”.

African Development Bank showcases impact of Korean drone technology on agricultural productivity

14-Jun-2019 - At a special event highlighting the partnership between the African Development Bank and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food imports. Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests. The Bank launched the project, in cooperation with the Busan Metropolitan City in Korea with support from the Korea-Africa Cooperation...

Africa ready to commit to free trade

14-Jun-2019 - A growing commitment to a free trade area deal by the continent’s leaders will spur efforts to create the world’s largest free trade zone.   “There’s light at the end of the tunnel,” Mukhtar Abdu, Director of the Industrial and Trade department said.

La Banque africaine de développement accorde un financement supplémentaire aux Comores pour le secteur de l’énergie

14-Jun-2019 - La Directrice Générale Adjointe de la Banque pour l’Afrique de l’Est, Nwabufo Nnenna, et le Ministre des Finances et du Budget des Comores, Saïd-Ali-Saïd Chayhane, ont signé, jeudi, un accord de financement supplémentaire de 8,63 millions d’euros, en marge des Assemblées annuelles de la Banque à Malabo, en Guinée équatoriale. Grâce à ce financement de la Banque, le gouvernement des Comores sera en mesure de poursuivre ses réformes dans le secteur de l’énergie, entamées en 2014, dans le cadre du Projet d’appui au secteur de l’énergie (PASEC).

Flying ‘sky-high’: African Development Bank Annual Meetings conclude with consensus on regional integration

14-Jun-2019 - The African Development Bank on Friday concluded its Annual Meetings, amid growing consensus that regional integration is imperative to a new phase in African prosperity. Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was endorsed earlier this year.

‘Sometimes you need to relocate elephants’ to advance regional integration – Europe, South America and Asia share insights

13-Jun-2019 - Would you describe yourself as an African? Or is your primary identity based on your nationality? That was one of the thought-provoking questions raised by senior German official Dominik Ziller during a panel discussion on regional integration at the Annual Meetings of the African Development Bank in Malabo, Equatorial Guinea.

Gambia President Adama Barrow awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019

13-Jun-2019 - At a ceremony held on the sidelines of the Annual Meetings of the African Development Bank Group on Wednesday, 12 June, the president of Gambia, Adama Barrow, was awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019, for his personal leadership in building the Senegambia bridge that links Gambia to Senegal.

Despite Challenges, Africa's Debt is still under control says African Development Bank

13-Jun-2019 - The African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity. The bullish numbers were revealed during the Bank’s Financial presentation Thursday, a highlight of the 2019 Annual Meetings of the Bank currently underway in Malabo,...

Switzerland Governor Raymond Furrer on the two bilateral agreements signed during the Bank’s Annual Meetings in Malabo

13-Jun-2019 - Q 1. Switzerland just signed  two bilateral agreements for grants with the African Development Bank. Can you tell us about them? Indeed, we signed a CHF 3,000,000 grant to support the Boost Africa/E-lab initiative.  Boost Africa is a joint initiative between the African Development Bank and the European Investment Bank (EIB), and one of the flagship initiatives of the Bank’s Jobs for Youth in Africa strategy. It aims to harness the continent’s potential and create opportunities on the ground.

You must be torch-bearing partners in regional integration efforts – African Development Bank VP Guislain tells African bankers

12-Jun-2019 - The African Development Bank Group on Tuesday urged financial institutions in Africa to use their investments and other business portfolios to deepen regional integration efforts for the economic transformation of the continent.

“To integrate Africa, bring down the walls,” Adesina urges at 2019 African Development Bank Annual Meetings Open in Malabo

12-Jun-2019 - African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, with the theme: “Regional Integration for Africa’s Economic Prosperity.” “Apart and divided, Africa is weakened. Together and united, Africa will be unstoppable,” the Bank’s President Akinwumi Adesina told delegates at the packed Sipopo Conference Center.

African leaders share their vision for an integrated continent

12-Jun-2019 - Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings.

African Development Bank, African Union-NEPAD, partners launch African Agri-Business Engine for private sector agricultural finance with FAPA grant

12-Jun-2019 - The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo.  FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank.

Ensuring a colourful and safe meeting environment – Malabo goes the extra mile

11-Jun-2019 - Malabo not only rolled out the red carpet Tuesday for delegates arriving at the ultramodern Sipopo Congress Centre for this year’s Annual Meetings of the African Development Bank Group,  it is also making sure that the event takes place in a safe, colourful and entertaining environment. Delegates were warmly greeted by local dancers with many of them waving white handkerchiefs to arriving dignitaries. “No doubt this is the right ambience – it’s peaceful, harmonious, colourful and welcoming. It sets the perfect stage for a meaningful meeting,”...

Central Africa could be the continent’s rising star, thanks to the African Continental Free Trade Area

11-Jun-2019 - Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank shows. Hanan Morsy, Director of Research at the Bank, revealed the findings at the launch of one of the Bank’s flagship reports in Malabo, where the African Development Bank is hosting its Annual Meetings.

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

11-Jun-2019 - African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent.

African Development Bank 2019 Annual Meetings: African Legal Support Facility holds Management Board, Governing Council meetings

11-Jun-2019 - The African Legal Support Facility (ALSF) held its 28th Management Board and 10th Governing Council meetings on 10 and 11 June 2019 respectively, on the margins of the 2019 African Development Bank Group Annual Meetings held in Malabo, Equatorial Guinea. The members reviewed the 2018 activities of the ALSF and discussed the future of the organisation.

African financial institutions play a key role in the continent's regional integration, says African Development Bank Vice-President Pierre Guislain

11-Jun-2019 - African Development Bank Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain, on Tuesday stressed the major role that African financial institutions play in regional integration. "These institutions finance the private sector, which has to become the engine of Africa's regional integration," said Guislain at the opening of the Association of African Development Finance Institutions (AADFI) workshop on the sidelines of the Bank's Annual Meetings in Malabo, Equatorial Guinea.

Africa’s regional integration gains momentum at African Development Bank Group Annual Meetings in Malabo

10-Jun-2019 - “If we get integration right, Africa can develop with dignity and confidence,” African Development Bank President Akinwumi Adesina told journalists at a press conference to herald the Bank’s 2019 Annual Meetings, due to open Tuesday in Malabo, Equatorial Guinea. The theme of this year’s meetings is ‘Regional Integration for Africa’s Economic Prosperity.” Regional integration gained momentum with the agreement on the African Continental Free Trade Area (AfCFTA) in March 2018 and is now at the threshold of its launch next month.

South Africa: Women Walking the Road Less Taken, and Shining

06-Jun-2019 - Pumza Mbulekwua and Phie Nxumalo are working in male-dominated fields - construction and engineering. The pair both had their Bachelor’s degrees funded by Eskom, as part of its efforts to groom specialists to augment the workforce at its Medupi Power Station.

African Development Bank, Adaptation Fund, Green Climate Fund convene first Direct Access to climate finance meeting

06-Jun-2019 - To accelerate and enhance Direct Access to climate finance for developing countries that are vulnerable to climate change, the Adaptation Fund (AF), Green Climate Fund (GCF), African Development Bank   and South African National Biodiversity Institute (SANBI) are joining forces to

Le chef de la diplomatie portugaise, Augusto Santos Silva, en visite au siège du Groupe de la Banque africaine de développement

05-Jun-2019 - « Nous sommes conscients que l'avenir de l'Europe dépend de celui de l'Afrique et des relations d’interdépendance et de complémentarité entre les deux continents voisins. Nous entretenons des relations très étroites avec ce continent que nous considérons comme une priorité », a déclaré Augusto Santos Silva, ministre portugais des Affaires étrangères, le 29 mai 2019, au siège de la Banque africaine de développement, à Abidjan. Il a insisté sur la nécessité d'investir en Afrique dans le cadre d'un programme participatif at gagnant-gagnant.

South Africa: African Development Bank Group Supports Skills Development in Eskom’s Medupi Power Plant

05-Jun-2019 - For many years, Sarina Malatji dreamed about helping out her community. She grew up in a community where few young people could afford an education. Today, she has not only educated herself, but she is also contributing towards the education of others. Malatji was raised in Limpopo Province where the scorching sun and bushveld disadvantage reign.

African Development Bank, Reuters Foundation train journalists on development reporting

05-Jun-2019 - “We are custodians of a narrative that can inspire and give wings to the dreams of the younger generation,” African Development Bank Director of Communications, Victor Oladokun said at the opening session of the first ever journalism training hosted by the African Development Bank. “In the midst of the challenges, we have to give the young people hope,” he added.

African Development Bank features at Mozambique’s Growing Blue Event

03-Jun-2019 - The African Development Bank is focusing on building risk management systems and resilience for countries vulnerable to climate change, it told participants at the recently concluded high level conference on the Blue Economy held in Maputo, Mozambique.

Hello Malabo! Equatorial Guinea

02-Jun-2019 - "When you put your forces together, you can achieve the critical mass to be solid player on the global scene," African Development Bank's Chief Economist and Vice President of Economic Governance & Knowledge Management Celestin Monga told journalists at a press conference ahead of the Bank's Annual Meetings.

Mozambique: African Development Bank supports new tracking system to create growth-friendly labor market

23-May-2019 - Mozambique has launched a new statistics-based system to track trends in the labour market sector.   The Ministry of Labour, Employment and Social Security of Mozambique (MITESS) launched the Labour Market Information System (SIMT) Management Platform on May 9th. The new system was supported by the African Development Bank under the Job Creation and Livelihood Improvement Project. The International Labour Organisation (ILO) was also a key partner.

African Development Bank commissions value chain study into jewelry manufacturing and jobs for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea

21-May-2019 - The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three...

African Development Bank commissions value chain study into jewelry manufacturing in Sierra Leone, Zimbabwe and the Republic of Guinea

21-May-2019 - The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three...

Bank’s Lines of Credit help to deepen African financial systems, small projects blossom

21-May-2019 - The African Development Bank has since 1995 granted five loans totaling $700 million to the Development Bank of Southern Africa (DBSA), a governmental financial institution with special focus on infrastructure expansion. The transactions have helped to deepen financial markets and buoyed local businesses. The Bank’s lines of credit enabled DBSA to finance some 20 private sector projects in eight countries, covering seven sectors (energy, industry, finance, tourism, telecoms, agriculture and infrastructure). The investments generated and...

Côte d'Ivoire: ADEA, the Didier Drogba Foundation and Education Ministry sign MoU to promote digital literacy in Africa

21-May-2019 - The Association for the Development of Education in Africa (ADEA) hosted by the African Development Bank, the Didier Drogba Foundation (FDD) and the Ministry of National Education, Technical and Vocational Training (MENETFP) on 08 May 2019 signed a deal to promote digital literacy in Africa.

Ethiopia: African Development Bank’s Sustainable Energy Fund approves grant to spur renewable investments

21-May-2019 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia. The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable Energy Programme.

Madagascar : le ministère des Mines et la Banque africaine de développement ont présenté les conclusions d’une étude sur la valorisation des ressources minières

20-May-2019 - Le ministère des Mines et des Ressources Stratégiques de Madagascar, en collaboration avec la Banque Africaine de Développement, a présenté, vendredi 17 mai, les résultats d’une étude « sur la valorisation des revenus issus de l’exploitation des ressources extractives ».

Burkina Faso: President Kaboré receives mission roadmap from the African Leaders for Nutrition

20-May-2019 - The president of the Republic of Burkina Faso, Roch Marc Christian Kaboré, is now officially a champion of the "African Leaders for Nutrition" (ALN) initiative, after being presented with his mission plan on Thursday 16 May by the African Development Bank's Director of Human Capital, Youth and Skills Development, Oley Dibba-Wadda. The ceremony took place in the presidential palace of Kosyam, in Ouagadougou, attended by Pascal Yembiline, the Bank's Country Director for Burkina Faso and other officials.

La Banque africaine de développement, associée au Partenariat MFW4A et à la GIZ, soutient le développement du marché de l’assurance en Afrique de l’Ouest et Centrale

20-May-2019 - Le « Partenariat Making Finance Work for Africa » (MFW4A) et la « Deutsche Gesellschaft für Internationale Zusammenarbeit » (GIZ) ont organisé, avec le soutien de la Banque africaine de développement, un atelier sur le développement de l'assurance en Afrique de l'Ouest et du Centre, les 14 et 15 mai 2019 à Abidjan.

« Éclairer l’Afrique » : cinq projets majeurs soutenus par la Banque africaine de développement améliorent la vie des populations

20-May-2019 - « Éclairer l’Afrique et l’alimenter en énergie » est, depuis fin 2015, une des cinq grandes priorités stratégiques, « High 5 », de la Banque africaine de développement, qui vise un accès universel à l’électricité sur le continent, dont ont déjà bénéficié des dizaines de millions d’Africains vivant notamment dans des zones rurales.

Chad: African Development Bank President pledges deeper cooperation, urges donor support for energy sector

20-May-2019 - African Development Bank President Akinwumi Adesina, on 17 May  2019, pledged to deepen cooperation between his organization and Chad, to help the central African nation to meet critical development financing needs. At a meeting with Chadian President Idriss Deby in the landlocked country’s capital, N’Djamena, Adesina also called on development partners to support Chad’s energy sector to increase power generation capacity to 400 megawatts per year, from less than 100 megawatts currently.

‘One of the best opportunities I received’ – Malawi student looks forward to being a teacher after studies funded by African Development Bank project

17-May-2019 - Cecilia Phiri is a student at Chancellor College in Malawi. Located in Zomba, about 300 km south of Lilongwe, Chancellor College (CHANCO) is the largest of the five constituent colleges composing the University of Malawi, which was established in 1965. Cecilia started her studies in 2014. She is majoring in Biology and Organic Chemistry.

African countries call for collaborative solutions to indebtedness at joint high-level consultation of the African Development Bank and the World Bank

17-May-2019 - Representatives from four African countries today called for a balanced approach to growing debt vulnerabilities to help low-income African countries meet their commitments to lenders. The calls were made at a high-level consultative meeting to discuss debt vulnerabilities in Africa, jointly convened by the African Development Bank and the World Bank, in Abidjan, Cote d’Ivoire. Ministers of finance and economy and representatives from several African countries attended the consultation along with development partners.

Africa’s digital economy is a pan African responsibility, Rwanda’s President Kagame says at Transform Africa Summit

17-May-2019 - Officially opening the continent’s digital economy summit in the Rwandan capital, President Paul Kagame called the task to advance Africa’s digital economy agenda “a pan-African responsibility.” Africans need to realize “the depth and breadth of our responsibility in realizing the digital agenda which supports the broader development agenda,” Kagame told the packed auditorium on Day 2 of the Transform Africa Summit taking place at the Kigali Conference Center.

Tunisie : 120 millions d’euros de la Banque africaine de développement pour moderniser le secteur financier

16-May-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé un financement de 120 millions d’euros pour mettre en œuvre la seconde phase du Programme d’appui à la modernisation du secteur financier (PAMSFI II) en Tunisie. A travers l’appui au secteur financier dans son rôle de financement de l’économie, en faveur notamment des populations et acteurs économiques vulnérables, cette opération a pour but de favoriser les conditions nécessaires pour une croissance économique forte, résiliente et inclusive.

African Legal Support Facility partners Utility CEOs Forum

16-May-2019 - The African Legal Support Facility (ALSF), hosted by the African Development Bank, has been named the official partner of the seventh Utility CEOs Forum in Cape Town, South Africa. The Forum opened this week on the side-lines of Africa Utility Week. It entailed closed-door meetings, facilitated under Chatham House Rules. It was designed to foster dialogue through confidentiality and trust, enabling the utility heads to address pertinent industry challenges.