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African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan

25-Jun-2019 - 25-Jun-2019 - The Board of Directors of the African Development Bank on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works, including metering and public water collections outlets. The project will also cover feasibility and engineering design for two other towns under the...

African Development Bank hosts experts to accelerate food transformation in West Africa through technology

25-Jun-2019 - 25-Jun-2019 - The African Development Bank has hosted a group of experts to discuss how technology can be deployed to transform food systems in West Africa. The Bank co-hosted the workshop with the International Fund for Agricultural Development, the African Green Revolution Alliance, the World Economic Forum and Rabobank for the Food Systems Action Platform (FSAP) for West Africa at the Bank’s headquarters in Abidjan, Cote d’Ivoire, on 20-21 June. More than 70 representatives from multi-lateral organizations attended the two-day...

Construire ensemble la ville ivoirienne de demain

24-Jun-2019 - 24-Jun-2019 - La Côte d’Ivoire s’est dotée d’un ministère de la Ville depuis juillet 2018, et se donne comme objectif d’élaborer un document de Politique Nationale de la Ville afin de réussir le processus complexe d’urbanisation. Dans ce cadre, un séminaire sur la Politique de la ville en Côte d’Ivoire s’est tenu du 12 au 14 juin à Abidjan. Le Département Infrastructure et développement urbain de la Banque africaine de développement s’est joint aux experts politiques et à d’autres parties-prenantes du monde de la finance et de l’urbanisme...

Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.

24-Jun-2019 - 24-Jun-2019 - Infrastructure, agricultural-processing zones, air cargo facilities,  and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.   In attendance were Senior Vice President Charles Boamah; Jennifer Blanke...

African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)

24-Jun-2019 - 24-Jun-2019 - The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from 11-14 June. The Bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the...

African Development Bank calls for boost to private sector investments as well as fiscal and debt sustainability at T20 Summit in Tokyo

24-Jun-2019 - 24-Jun-2019 - Sound policies to improve investor interest and address fiscal sustainability concerns in Africa were key points made by Director General of the Bank’s Southern African Bureau, Kapil Kapoor during the Think20 (T20) conference held in Tokyo Japan on 26-27 May.  The T20 Summit convened top policy experts to detail innovative T20 Japan policy solutions for consideration during the G20 Leaders’ summit in Osaka on 28-29 June. As Lead Co-Chair of the Cooperation with Africa Task Force, Kapoor presented policy briefs covering...

African Development Bank hosts masterclass on women’s skills in business development

24-Jun-2019 - 24-Jun-2019 - The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management. 40 business women, who came through an online application process, will attend the two-day masterclass, which will cover financial planning, lean start-up methodology and business model canvassing. A mentoring and coaching session will help participants to broaden their skills. The masterclasses are jointly...

World Circular Economy Forum 2019: Africa wants to go green

21-Jun-2019 - 21-Jun-2019 - On 3-5 June, 2019, the third annual World Circular Economy Forum (WCEF) 2019 in Helsinki, Finland, organised by the Finnish innovation fund Sitra, brought together over 2,200 of the world’s top business leaders, policymakers, researchers and innovators from more than 90 countries to work towards implementing a circular economy. [row] [column md="7"] This year’s forum included a dedicated session on Africa to discuss the goal of scaling up the circular economy in the continent. Almost 70 African...

Accelerating Africa’s transformation via a vibrant digital economy

21-Jun-2019 - 21-Jun-2019 - Affordable, inclusive connectivity, coupled with digital skills and literacy, are essential elements in the fight against inequality in the digital age, experts at the European Commission’s 2019 European Development Days (EDD) Forum, emphasised. “One of the most impactful sector reforms that we have seen in Africa over the past two decades has been the mobile revolution and this innovation has spread to mobile money and other services,” said African Development Bank Vice President for Private Sector, Infrastructure and...

Côte d’Ivoire : le premier projet de pôle agro-industriel, financé par la Banque africaine de développement, pose ses jalons à Yamoussoukro

21-Jun-2019 - 21-Jun-2019 - Le projet de pôle agro-industriel dans la région du Bélier (2PAI Bélier) est le tout premier agropole de Côte d’Ivoire. Financé à 80 % par la Banque africaine de développement à hauteur de 121 millions de dollars, il a pour objectif de relancer l’agriculture pour atteindre l’autosuffisance alimentaire dans une région en déclin économique depuis 30 ans, malgré un potentiel important. Diplôme d’ingénieure agronome en poche, Madoussou Diomandé n’a nullement été tentée par les bureaux feutrés d’Abidjan. Au contraire, elle a...

La Banque africaine de développement réaffirme son engagement à soutenir Inga, un projet stratégique pour la RDC et le reste du continent

21-Jun-2019 - 21-Jun-2019 - Le président de la Banque africaine de développement, Akinwumi Adesina, a effectué une visite, mercredi 19 juin 2019, sur le site hydroélectrique Inga, un méga projet d’une capacité totale estimée à 44 000 MW situé à quelque 276 kilomètres au sud-ouest de Kinshasa, en République démocratique du Congo. La Banque a financé pour environ 15 millions USD l'étude de faisabilité pour la poursuite du développement de ce site sur lequel deux premières usines  d’une capacité totale de près de 1800 MW avaient déjà été installées :...

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

20-Jun-2019 - 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. The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives of the main correspondent banks operating in Africa - Commerzbank, Deutsche Bank, Standard Chartered Bank, standard-setting bodies (FSB, SWIFT, GLEIF) and...