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AfDB President outlines strategy to transform Africa, welcomes development partners

12-Feb-2016 - African Development Bank President, Akinwumi Adesina, outlined the Bank’s new development priorities and underscored the importance of partnerships during his first annual luncheon with ambassadors and the diplomatic corps in Côte d’Ivoire, on Thursday, February 11 in Abidjan.

Stakeholders gather in Abidjan to advance Sustainable Energy for All in Africa

12-Feb-2016 - Over 100 stakeholders from Government, private sector, civil society, and international organizations gathered in Abidjan, Côte d’Ivoire, for the annual Sustainable Energy for All (SE4All) Africa workshop.

Participation of women and girls in science crucial for Africa’s development

11-Feb-2016 - The International Day of Women and Girls in Science, February 11, presents an opportunity to look at the intersection of two important issues  – gender and science – and their impact on economic development and quality of life. Science and gender equality are both crucial for the attainment of the Sustainable Development Goals (SDGs), which are in line with the African Development Bank’s Ten Year Strategy and its five development priorities – the High 5s.

AfDB/AFMI 5th Annual Local Currency Bonds and Financial Sector Development Conference/Workshop

04-Feb-2016 - In 2008, the African Development Bank (AfDB) launched the African Financial Markets Initiative (AFMI) as part of its strategy to develop the financial markets sector in Africa. This initiative aims to contribute to the development of domestic bond markets in Africa through its two complementary pillars: the African Financial Markets Database (AFMD) and the African Domestic Bond Fund (ADBF). 

AfDB hosts expert group meeting on Continental Free Trade Area

03-Feb-2016 - The African Development Bank is hosting a two-day Expert Group Meeting from February 2-3, 2016, in Abidjan. The meeting – which attracted stakeholders and experts, including the Regional Economic Communities, academics, and research-based institutions – has been organized by the Bank, in collaboration with the African Union (AU) and the United Nations Economic Commission for Africa (ECA).

AfDB and Nigeria’s Kano State Government discuss development collaboration

01-Feb-2016 - Governor Ganduje (right) presents the Kano State Development Road Map to AfDB Country Director Ousmane Dore

AfDB high-level mission to Nigeria offers support for country’s economic growth and social development priorities

29-Jan-2016 - The African Development Bank conducted a high-level mission from Wednesday January 27 to Friday, January 29 to engage in policy dialogue with the Federal Government of Nigeria in order to ascertain its key development priorities. Recent economic challenges and headwinds have created an opportunity to address current and emerging development priorities and improve the business climate towards a stronger economy.

“Africa’s Next Challenge”: In televised debate, Adesina, Kagame and Desalegn underscore urgent need to power Africa

28-Jan-2016 - “Electricity is like the blood in your body. If you have blood, you live. If don’t have blood, you don’t live.” These were the opening remarks made by African Development Bank President, Akinwumi Adesina, on Thursday, January 21 in Davos, Switzerland, during a live televised debate on “Africa’s Next Challenge”.

AfDB announces CFAF 60-billion package to finance Mali-Côte d’Ivoire Road Infrastructure Project

28-Jan-2016 - On January 25, 2016 in Bamako, the African Development Bank (AfDB) and the Government of Mali reached an agreement on a CFAF 60-billion funding package, composed of a CFAF 40-billion loan and a CFAF 20-billion grant. The funding support a multi-national road infrastructure and transport links improvement project along the Bamako-Zantiebougou-Kolondieba-Boundiali-San Pedro corridor shared by Mali and Côte d’Ivoire.

First winner of AfDB Women’s Scholarship Fund pursuing Communication Science studies in Abidjan

27-Jan-2016 - “Education is the most powerful weapon which you can use to change the world.” It is with these words from the late Nelson Mandela that the first laureate of the African Development Bank Women’s Scholarship Fund (WSF), Jeanne Dina Kitoko, expressed gratitude to the Bank for enabling her to pursue higher studies.

Feeding Africa: AfDB holds planning meeting with Consultative Group on International Agricultural Research

25-Jan-2016 - The African Development Bank Group (AfDB) hosted a planning meeting with a delegation from the Consultative Group on International Agricultural Research (CGIAR) and the Forum for Agricultural Research in Africa (FARA) on January 21 and 22, 2016 in Abidjan.

Remarks Delivered by Akinwumi A. Adesina, President of the African Development Bank, at the Reception on the New Deal on Energy for Africa and the Launch of the Transformative Partnership on Energy for Africa, Davos, Switzerland, January 20, 2016

23-Jan-2016 - Your Excellencies, friends and partners - good evening! It is my great pleasure to welcome you all - very warmly - to this reception on the New Deal on Energy for Africa, as we launch the Transformative Partnership on Energy for Africa.

€89-million AfDB loan to finance Agricultural Value Chain Development Project in Cameroon

21-Jan-2016 - At its regular meeting in Abidjan on Wednesday, January 20, the Board of Directors of the African Development Bank (AfDB) approved a €89.291-million loan to finance the development of an Agricultural Value Chain Development Project (AVC-DP) in Cameroon.

AfDB Actively Participates in CIF Partnership Forum Knowledge Bazaar

16-Jan-2016 - The African Development Bank showcased its work in the domain of climate change in Africa through an array of printed and audiovisual materials at the CIF Partnership Forum on November 8-9, 2012 in Istanbul. The CIF in Action semi-annual report, published recently by the Bank’s Energy, Environment and Climate Change Department (ONEC), highlights the AfDB’s work in expanding access to international climate change financing and was prominently displayed at the entrance to the CIF Partnership Forum’s Knowledge Bazaar.

Le président de la BAD discute avec l’émissaire de la RDC en charge du projet hydroélectrique grand Inga

14-Jan-2016 - Le président de la Banque africaine de développement (BAD), Akinwumi Adesina, a reçu le 13 janvier 2016, au siège de la Banque à Abidjan, une délégation de la République démocratique du Congo (RDC), conduite par Bruno Kapandji, chargé de mission du chef de l’Etat, avec rang de ministre, en charge de l’Agence pour le développement et la promotion du grand Inga (ADEPI).

AfDB and Government of Sudan launch US $26-million Water Sector Reform for West Kordofan State

12-Jan-2016 - On Monday, December 14, 2015, the African Development Bank (AfDB) and the Government of Sudan launched the US $26-million Water Sector Reforms and Institutional Capacity Development project, which will benefit West Kordofan State and some federal water sector institutions. The project is funded with an AfDB grant of US $22 million over the next five years, financed from the Bank’s Transitional Support Facility and its Rural Water Supply and Sanitation Initiative.

Africa Tourism Monitor 2015: Tourism in Africa is on the rise, but has not yet reached its full potential

12-Jan-2016 - For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa. This year’s report, a joint publication by the AfDB, New York University’s Africa House and the Africa Travel Association (ATA), is entitled “Unlocking Africa’s Tourism Potential”.

Taking AfDB’s development impact to scale in fragile situations

11-Jan-2016 - It is widely recognized that Africa is the continent most affected by issues of fragility that threaten to slow and even reverse development prospects of countries and entire regions. Prospects for achieving the Sustainable Development Goals in Africa seem limited, if we don’t address fragility.

AfDB and Nigeria’s Federal Government to spend US $300m on youth agriculture scheme

07-Jan-2016 - The African Development Bank (AfDB) and the Federal Government of Nigeria are planning for long-term solutions to youth employment in the agricultural sector. They will spend about US $300 million on the Enable Youth Empowerment Agribusiness Programme.

AfDB approves Ruzizi III hydropower plant project, bringing green energy to Burundi, DRC and Rwanda

29-Dec-2015 - The African Development Bank (AfDB) Group, on December 16, 2015 in Abidjan, formally approved US$ 138 million of loans and grants to finance the Ruzizi III Hydropower Plant Project. Implementation of the project will be carried out at a total cost of US$ 625.19 million (of which the US$ 138.88 million will be borne by the AfDB’s public sector window and US$ 50.22 million by the private sector window). Ruzizi III hydropower plant is part of the Programme for Infrastructure Development i­­n Africa (PIDA) and involves Burundi, the Democratic...