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African governments urged to shift policy in the energy sector
28-May-2016 - African governments have been called upon to consider shifting policy in the energy sector by investing in industrialisation and providing subsidies on electricity for people in rural areas who are extremely poor. African Management Services Company (AMSCO) Chairperson Ali Mufuruki said governments should consider making a shift in policy for energy by providing subsidies for poor people to allow them to have access to energy.
AfDB’s High 5s agenda gets backing from African Civil Society Organizations at closure of 2016 Annual Meetings
28-May-2016 - African Civil Society Organizations (CSOs) have announced, in a joint statement, that they will closely work with and support the African Development Bank in delivering the 'High Five' agenda unveiled by President Akinwumi Adesina at the 2016 Annual Meetings in Lusaka.Partnership to address infrastructure challenges in Africa
28-May-2016 - Three international firms have partnered to help address infrastructure challenges in Africa through investments in equity projects. The firms, General Electric Africa (GE), Mara Group and Atlas Merchant Capital, will invest in infrastructure projects including energy, rail, among others, in a quest to stimulate the continent’s economic potential through infrastructure development.
Japanese investors and partners recognize huge potential of African continent
28-May-2016 - The challenges facing Africa shouldn’t be recognized with pessimism, but must be seen as investment opportunities, says the Head of the Africa Development Bank’s (AfDB) External Representative Office for Asia, Tadashi Yokoyama. Speaking at the “Japan-AfDB Forum: Energy Access and Quality Infrastructure in Africa – Towards TICAD VI” at the AfDB Annual Meetings in Lusaka, Zambia, on Wednesday, May 25, 2016, Yokoyama said the potential of Africa is enormous.Africa should take the lead in reducing industrial emissions, panel hears
28-May-2016 - The African Development Bank (AfDB) has challenged Africa to take the lead in implementing strategies to effectively end carbon emissions in the global process of manufacturing goods. AfDB Group Compliance and Safeguards Division Manager Anthony Nyong said, while the continent was the lowest contributor to the total global industrial emissions, it was the most impacted by the effects of air pollution.President Adesina reaffirms commitment to support African youth entrepreneurship
27-May-2016 - With almost 200 million people between the ages of 15 and 24, the African continent boasts the youngest population in the world. By 2045, that figure is expected to double. The African Development Bank is working on providing youth with the skills, education and jobs they need to secure their future. Available data shows that, although between 10 and 12 million young Africans enter the work force each year, only three million formal jobs are created annually.
AfDB to support Zambia in development of renewable energy projects
27-May-2016 - Zambian Minister of Energy and Water Development, Dora Siliya, announced that her Ministry will in the next fortnight meet African Development Bank (AfDB) Resident Representative Damoni Kitabire in Lusaka, to discuss modalities of supporting local entrepreneurs seeking to develop renewable energy projects. Siliya said her Government is keen on working with the AfDB to empower local entrepreneurs of small and medium enterprises with the capacity to explore avenues of how the power deficit hit country could generate renewable energy.
Rwanda inaugurates the KivuWatt Methane Gas to Power Project with AfDB support converting a potential risk into an economic reality
27-May-2016 - On Monday, May 16, 2016, the African Development Bank (AfDB) participated in the inauguration of the 25 MW first phase of KivuWatt Methane Gas to Power complex located at the Lake Kivu in Western Rwanda, 130 kilometres from the capital Kigali. Lake Kivu, at the boundary of Rwanda and Democratic Republic of the Congo, is one of the world's three known "exploding lakes," presenting a threat as well as an opportunity for local communities.
Transforming agriculture is transforming Africa
27-May-2016 - I am a firm believer in Africapitalism - an emerging economic philosophy that espouses the role of Africa's private sector in leading the continent's socioeconomic transformation. It is this belief that no one but us will develop Africa that led to the conceptualization of the Tony Elumelu Entrepreneurship Programme, the flagship programme of the Tony Elumelu Foundation.
More funding for jobs and entrepreneurship for African women: The regional Gender Equality Community of Practice discusses positive discrimination
27-May-2016 - On the fifth day of the African Development Bank’s 2016 Annual Meetings, which are being held in Lusaka, Zambia, from May 23 to 27, around 10 African Finance Ministers – in their capacity as Governors of the AfDB Group – met with members of the regional Gender Equality Community of Practice to discuss funding issues in relation to gender equality. The discussions were moderated by the President of the AfDB, Akinwumi Adesina.
An evening of culture imbued with Bantu community spirit
27-May-2016 - The banquet hall in the sprawling Government Complex in Lusaka was full for the evening of culture organised on Thursday, May 26 for delegates attending the African Development Bank’s Annual Meetings. The evening was hosted by the Zambian Government, represented by Alexander B. Chikwanda, Minister of Finance of the Republic of Zambia, and his guest-of-honour, Akinwumi Adesina, President of the AfDB Group.La Révolution solaire en marche au Sud et à l’Est de l’Afrique
27-May-2016 - Les opérateurs de l’énergie solaire (BBOX, Mobisol, African Garantee Fund etc.) ont édifié, au 4e jour des Assemblées annuelles de la Banque africaine de développement (BAD) à Lusaka, les participants au Forum : « Financement de la Révolution solaire en Afrique » sur les progrès réalisés dans les projets d’installations solaires en Afrique orientale et australe. Ceux-ci concernent notamment ceux du Rwanda, de l’Afrique du Sud, de la Tanzanie et du Kenya.African governments and the private sector have critical roles to play in the energy market
26-May-2016 - African governments and the private sector have important roles to play in the energy sector, especially in terms of investment resources and providing the appropriate regulatory environment. Participants at a Thursday seminar on the theme “Lighting up Africa: Are Electricity Markets Fit for Purpose?” at the ongoing Annual Meetings of the African Development Bank in Lusaka, Zambia, agreed that public and private entities have a big role to play in the sector given the lamentable energy deficit on the continent.
AfDB embarks on ambitious plan to ramp up agriculture, create jobs and feed Africa
26-May-2016 - The African Development Bank (AfDB) plans to improve the agriculture sector in Africa by embarking on an ambitious seven-point plan which aims at transforming the sector and be able to empower the small scale farmers and youths. AfDB Director of the Agriculture and Agro-Industry Department, Chiji Ojukwu, said agriculture remained a major source of income in Africa, but its untapped potential had resulted in persistent poverty and deteriorating food security.AfDB plans to expand its trade finance portfolio across the continent
26-May-2016 - The African Development Bank is planning to expand its trade finance products across the continent in the coming years as it seeks to bridge the existing funding gap to support trade transactions. This would help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. Currently, Africa faces a funding gap of approximately US $120 billion in trade finance.
A resounding Africa Day at the AfDB’s Annual Meetings in Lusaka
26-May-2016 - Africa Day takes place on May 25 every year, commemorating the signature of the founding agreements of the Organisation of African Unity (OAU), which was formed in Addis Ababa on May 25, 1963 and later succeeded by the African Union.
Is it what they need? Experts debate AfDB’s new Affirmative Finance Action for Women in Africa
26-May-2016 - Three women each with a large basket full of fresh fruits, sat under the shade of a wide signpost just outside the main gate of Mulungushi International Conference Centre where the 51st Annual Meetings of the African Development Bank are ongoing. Apart from being aware of the presence of an unusually large number of foreign guests in their city, it’s unlikely that the three women outside the Mulungushi gate knew what business the delegates are discussing in the meetings.
Leaders underscore urgent need to create jobs for African youth through agriculture, ICT, industry
25-May-2016 - Africa needs to step up investments in skills development and promotion of entrepreneurship to create jobs for young people, African leaders and businesses executives have reaffirmed. Available data shows that although between 10 and 12 million young Africans enter the workforce each year, only three million formal jobs are created annually. Besides, the youth often lack the skills required by employers, despite gains in education access over the past several decades.Sortir les infrastructures sanitaires de l’ornière grâce au partenariat public-privé
25-May-2016 - Le financement des soins de santé pour la couverture universelle de l’assurance maladie pour toutes les couches de la population en Afrique dans le cadre d’une approche de partenariat public-privé (PPP), a été exposé par le Dr. Dorothy Jeff- Nnamani, fondatrice de Novo Health Africa. C’était lors de la 2e journée des Assemblées annuelles du Groupe de la Banque africaine de développement (BAD), le 24 mai à Lusaka, en Zambie.