19/01/2017 - People affected by the earthquake which hit the Kagera region, in northwestern Tanzania, in September last year will get some relief from a humanitarian emergency grant approved by the African Development Bank Group’s Board last week.
19/01/2017 - On Tuesday, January 17, 2017, the African Development Bank (AfDB), rated Aaa / AAA/ AAA by Moody’s / S&P / Fitch (all stable), successfully launched a EUR 1 billion 7-year Benchmark transaction due January 24, 2024. The issue priced at 3 bps through Mid-Swaps, equivalent to a spread of 45.5 bps over the DBR 1.750% February 2024. This represents AfDB’s first ever 1 billion EUR benchmark transaction following from its debut EUR 10-year issue in October last year. Despite a heavy week of supply in the Supra, Sovereign and Agency space, AfDB took advantage of a short window of execution ahead of the ECB meeting on Thursday to bring this successful transaction to market.
16/01/2017 - The African Development Bank is pleased to announce the appointment of Mr. Wale Shonibare as the Director – Energy Financial Solutions, Policy and Regulation with effect from 9th January 2017.
16/01/2017 - The African Development Bank is pleased to announce the appointment of Ms. Astrid Manroth as the Director for Energy Transformative Partnerships with effect from 15th February 2017. She joins the Bank from her current position as Managing Director for Sustainable Investments Europe and Africa at Deutsche Bank, Germany.
16/01/2017 - The African Development Bank is pleased to announce the appointment of Dr. Anthony Nyong as the Director for Climate Change and Green Growth with effect from 1st January 2017.
16/01/2017 - The African Development Bank is pleased to announce the appointment of Mr. Ousseynou Nakoulima as the Director for Renewable Energy and Energy Efficiency with effect from 1st April 2017.
14/01/2017 - Akinwumi Adesina, President of the African Development Bank, has called for improved access to financing to accelerate the transformation of African economies. Speaking before African leaders at the Africa-France Summit which took place in Bamako on January 13-14, Mr. Adesina stressed that Africa can speed up its economic transformation through the Bank’s five main priorities, the “High 5”: “Light up and power Africa”; “Feed Africa”; “Industrialize Africa”; “Integrate Africa”; and “Improve the quality of life of African populations.
13/01/2017 - The President of the African Development Bank (AfDB), Akinwumi Adesina, called on the private sector to establish partnerships with the Bank to achieve the Bank’s five development priorities High 5s” – and enter a new phase of transformation for the continent.
13/01/2017 - The African Development Bank (AfDB), with support from the Climate Investment Funds (CIF), has awarded a contract to Swedish consulting firm CPMA International to help develop a global Adaptation Benefit Mechanism (ABM). The revolutionary ABM would serve as a business model to encourage private sector investment in climate change adaptation, sending a price signal to project developers that will encourage them to invest in technologies, goods and services which bring verified adaptation and resilience benefits to developing economies.
13/01/2017 - On Tuesday, December 6, 2016, the African Development Bank (AfDB) launched its inaugural Kangaroo Green Bond. This transaction follows successful outings in USD and SEK Benchmark formats.