Press Releases
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African economies grew by 3.9% GDP in 2014 amid global and regional shocks
27-May-2015 - African economies registered 3.9% average GDP growth in 2014 compared to the 3.7% in 2013. This reflects resilience to global and regional shocks which affected the continent last year, according to the African Development Bank Group’s Annual Report, which was released Wednesday, May 27 in Abidjan. Despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as the fundamentalist and military insurrections witnessed in many countries, the continent achieved considerable growth, but with sharp variations...Africa50 Founding Shareholders' meet in Abidjan
26-May-2015 - The founding shareholders of the Africa50 Infrastructure Fund came together on Monday, May 25 in Abidjan at a meeting held during the African Development Bank's (AfDB) 50th Annual Meetings. The aim of this meeting was to discuss progress since the launch of the capitalisation process on April 8, 2015. The meeting was attended by a number of African Ministers and other government representatives.
Where are Africa’s young leaders? At the AfDB Annual Meetings
25-May-2015 - On Monday, May 25 in Abidjan, Donald Kaberuka, President of the African Development Bank (AfDB), convened African leaders past and present to provoke debate on a vision for the Continent in 50 years’ time. Africa’s best and brightest, including Jean Guy Afrika, Zeinab Camara, Isaac Kwaku Fokou, Ashish Thakkar and Estelle Youssouffa, challenged established leaders Abdourahmane Cissé, Geraldine Fraser-Moleketi, Acha Leke and Thierry Zomahoun.
India signs replenishment of technical cooperation agreement with African Development Bank Group
25-May-2015 - Dinesh Sharma, Temporary Governor for India, and Charles Boamah, African Development (AfDB) Vice-President in charge of Finance, on May 25, 2015 in Abidjan, inked a protocol accord, related to the replenishment of the country’s technical cooperation agreement. The agreement comes in the margins of the AfDB’s Annual Meetings, and on the heels of a generous contribution to the African Development Fund 13th Replenishment (ADF-13) by India, in which it increased its pledge by 57.28% (as compared to ADF-12) – with a contribution of UA 12,364,333 (...
AfDB 2015 Annual Meetings - “Africa and the New Global Landscape”
25-May-2015 - The 2015 Annual Meetings of the African Development Bank Group (AfDB) is scheduled to take place in Abidjan, Côte d’Ivoire, from May 25-29 with the election of the 8th President* of the Bank Group and commemoration of the 50th anniversary of the institution at the top of the agenda.Africa: making growth more inclusive hinges on unlocking potential of local economies, says the African Economic Outlook 2015
25-May-2015 - Continent should capitalise on youth, develop rural-urban trade corridors With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.Mind the Gap: African Development Bank launches Gender Equality Index for Africa
25-May-2015 - The African Development Bank’s Gender Equality Index shows how to make gender equality a reality The African Development Bank unveiled on Monday, May 25 the first-ever Gender Equality Index for Africa, aimed at informing policies to transform economies and to propel governments to adopt an ambitious agenda for making gender equality a reality throughout the continent.
Delegates gather in Abidjan for AfDB’s 2015 Annual Meetings and Golden Jubilee
22-May-2015 - Election of Bank Group’s new President, commemoration of 50th Anniversary, formal admission of South Sudan as the Bank Group’s 80th member country Delegates from across the globe will converge next week at the Annual Meetings of the African Development Bank Group (AfDB) taking place from May 25 to 29 in Abidjan, Côte d’Ivoire’s financial capital.Liberian President Ellen Sirleaf Johnson in Abidjan for talks on fixing Africa’s Primary Healthcare
22-May-2015 - What is the value of economic growth in Africa if thousands of people still die from preventable diseases? The Ebola epidemic was a wakeup call of the fragility of health systems in Africa, killing over 10,000 people.African countries reach tipping point as pilots for renewable energy, climate resilience and sustainable forests
22-May-2015 - At its governing body meetings last week, the $8.1 billion Climate Investment Funds (CIF) endorsed 9 African nations to serve as pilot countries for critical aspects of climate-smart development, with six pilot countries for climate resilience and three for sustainable forests.SEFA calls for proposals to support green mini-grid development
22-May-2015 - The Sustainable Energy Fund for Africa (SEFA) has called for proposals to support the creation of an enabling policy and market environment for green mini-grids (GMGs) in an effort to address barriers to growth and unlock private investment in the sector.
SE4All Action Agendas set stage for mobilizing investment in sustainable energy in Africa
20-May-2015 - African countries are one step closer to realizing the goals of universal energy access through following a coordinated approach to energy sector development at the country level according to speakers at a special session held during the Second Sustainable Energy for All (SE4All) Forum in New York.Ghana receives resounding endorsement of investment plan to transform its renewable energy sector
15-May-2015 - At its governing body meetings this week, the Climate Investment Funds (CIF) unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector.Opportunities abound in Mali’s promising renewable energy sector, says new country profile
15-May-2015 - The African Development Bank (AfDB), in partnership with the Climate Investment Funds (CIF) and the Government of Mali, has launched the Renewable Energy in Africa: Mali Country Profile.AfDB supports indigenous power investors in Africa
13-May-2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to reduce electricity losses while improving the...Guinea Bissau: AfDB approves US $7-million Emergency Budget Support
13-May-2015 - The Board of Directors of the African Development Bank Group (AfDB) has approved a US $7.03-million operation to support economic and financial reforms in Guinea Bissau.Burkina Faso : La BAD aide à développer les infrastructures agricoles
08-May-2015 - Lors de sa réunion hebdomadaire, le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé, le 29 avril 2015, un Projet d’appui au pôle de croissance de Bagré (PAPCB), au Burkina Faso. Montant de l’aide octroyée à ce projet, qui sera déployé sur cinq ans : 16,4 milliards de FCFA (soit 30,4 millions de dollars EU), qui serviront à développer des infrastructures et des chaînes de valeur agricoles.
AfDB’s new fund paves the way for climate finance readiness in Africa: Africa Climate Change Fund Annual Report
08-May-2015 - Launched in April 2014 with a EUR 4.725 million contribution from Germany for an initial three-year period, the African Development Bank-sponsored Africa Climate Change Fund (ACCF) is working to address underlying challenges currently preventing many of the region’s countries from accessing the climate finance they requi