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24/04/2018 - The substantial oil and gas resources on the African continent have the potential to catalyze and accelerate economic growth, if used strategically. In light of changing technologies and policies and the nature of the international oil and gas industry, appropriate development strategies are not always evident.

Categories: United Kingdom, Partnerships, African Legal Support Facility


24/04/2018 - The President of the Republic of Cameroon, Paul Biya, ratified the agreement to establish the African Legal Support Facility (ALSF) on April 13, 2018 in the presence of his cabinet. Cameroon is the 25th Member State to ratify the treaty.

Categories: Cameroon, African Legal Support Facility, Partnerships, Economic & Financial Governance


24/04/2018 - On the occasion of World Malaria Day 2018, April 25, the African Development Bank has released Money and Mosquitoes: The Economics of Malaria in an Age of declining Aid. Authors include Harvard University’s Nobel laureate economist Eric Maskin; African Development Bank Group Vice-President for Economic Governance and Knowledge Management, Célestin Monga; Josselin Thuilliez of the French National Centre for Scientific Research, and Jean-Claude Berthélémy, Professor of Economics at the University of Paris 1 – Panthéon-Sorbonne and Corresponding Member of the Institut de France.

Categories: Health, Partnerships, Human Capital Development


24/04/2018 - Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labour, widen income inequality and contribute to greater informality in the workforce. Tapping new technologies in a way that maximizes benefits, mitigates adverse effects and shares benefits among all citizens will require public-private cooperation and smart public policy.

Categories: Information & Communication Technology, Employment, Youth, Partnerships


20/04/2018 - Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.

Categories: Partnerships, Migration and Development Initiative


19/04/2018 - A Memorandum of Understanding to enhance collaboration on sustainable economic development was signed on April 18 by the Asian Infrastructure Investment Bank and the African Development Bank and formalized during the World Bank-International Monetary Fund Spring Meetings in Washington, DC.

Categories: Partnerships


19/04/2018 - The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank.

Categories: Nigeria, Private Sector


18/04/2018 - The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a landmark relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of Technology.

Categories: Partnerships, Education, Youth, Employment, Human Capital Development, Information & Communication Technology, The President


16/04/2018 - For the first time ever, the African Development Bank has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages: Arabic, Hausa and Kiswahili. These three languages are among the most widely spoken by over 300 million Africans. Releasing the report in local languages aims to increase accessibility of the publication’s findings to a large segment of Africans and promote linguistic inclusiveness. This release is also the latest innovation for increasing the relevance and timeliness of the African Economic Outlook.

Categories: Niger, Mali, Benin, Morocco, Tunisia, Egypt, Algeria, Libya, Mauritania, Cameroon, Democratic Republic of Congo, Burundi, Burkina Faso, Côte d’Ivoire, Ghana, Nigeria, Sudan, Chad, Togo, Comoros, Kenya, Malawi, Mozambique, Uganda, Rwanda, Somalia, Tanzania


16/04/2018 - Lagos State, Nigeria’s largest healthcare market, lacks an adequate supply of quality secondary and tertiary healthcare facilities with only about 700 to 1,000 quality beds for a population of over 21 million people.

Categories: Nigeria, Health, Private Sector