Press Releases
Displaying 2501 - 2520 of 5337
AfDB Convenes ECOWAS Green Investment Catalyst Round Table
29-Jun-2017 - The African Development Bank (AfDB) in conjunction with UNFCCC and West African Development Bank (BOAD) convened the ECOWAS Green Investment Round Table on 21 June 2017 at AfDB Headquarters, Abidjan, Cote d’Ivoire, aimed at catalyzing and launching a program of work initiatives that promote private sector finance and investment opportunities in the energy sector in West Africa region. Specifically, the meeting focused on catalyzing green investments to meet objectives of the Paris Agreement and Sustainable Development Goals (SDGs).
Liberian President Sirleaf launches AfDB-funded power grid project to supply electricity to Mano River Union nations
29-Jun-2017 - President Ellen Johnson Sirleaf along with her counterparts from Cote d’Ivoire, Sierra Leone and Guinea, broke ground for the Cote d’Ivoire, Liberia, Sierra Leone and Guinea (CLSG) interconnection project, on the sideline of the high-level ECOWAS Heads of State summit in Liberia, held Sunday 4 June 2017.Liberia to transform renewable energy sector with support from the African Development Bank and the Climate Investment Funds
27-Jun-2017 - The Climate Investment Funds (CIF) awarded Liberia a grant in the amount of US$ 23.25 million to help transform the country’s renewable energy sector. The project aims at developing a 9.8 MW hydropower plant at Gbedin Falls on the Mano River in Nimba County and provide a low-cost, sustainable and reliable source of electricity to Liberia.African Development Bank approves 2016 African Water Facility annual report and 2017 work plan and budget
27-Jun-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved the 2016 Annual report and 2017 Work plan and budget of the African Water Facility (AWF), with particular reference to the use of an amount up to €1.925 million for the administrative budget of AWF out of the Special Water Fund for 2017 activities.
AfDB appoints Dibba-Wadda new Director of Human Capital, Youth and Skills Development
27-Jun-2017 - The African Development Bank (AfDB) has announced the appointment of Ms. Oley Lucretia Clara Dibba-Wadda as Director of Human Capital, Youth and Skills Development with effect from July 1, 2017. A citizen of the Republic of The Gambia, Ms. Dibba-Wadda is a social development executive and strategic analyst with over 20 years of leadership and management experience. She is an expert in African and international policies on education, gender equality and youth development.AfDB President Adesina visits Ghana to strengthen cooperation
27-Jun-2017 - The President’s visit to Ghana will provide an opportunity to engage with the President of Ghana, Nana Akufo-Addo, key cabinet members and other development partners on the Bank’s partnership with the country, and visit key projects financed by the Bank. AfDB’s portfolio in Ghana as at June 2017 is composed of 22 operations with an overall commitment of UA 683.34 million (about US$ 950,319,370).President Adesina wins 2017 World Food Prize
27-Jun-2017 - “Through his roles over the past two decades with the Rockefeller Foundation, at the Alliance for a Green Revolution in Africa (AGRA), and as Minister of Agriculture of Nigeria, Dr. Adesina has been at the forefront of galvanizing political will to transform African agriculture through initiatives to: expand agricultural production, thwart corruption in the Nigerian fertilizer industry and exponentially increase the availability of credit for smallholder farmers across the African continent.”
AfDB calls on credit providers to increase lending to meet demand by African MSMEs
27-Jun-2017 - The African Development Bank (AfDB) has called on financial markets to increase affordable loans and provide more diverse and innovative financing instruments to Africa’s micro, small and medium sized enterprises. Industrialization is one of the High 5s priority areas of the African Development Bank.Sudan: AfDB Takes the ‘Desert to Power Initiative’ to Sudan
25-Jun-2017 - In a collaborative initiative, the African Development Bank (AfDB) and the Food and Agriculture Organisation (FAO) have joined efforts to operationalize the ‘Desert to Power Initiative’ in eleven countries including Sudan. In his key note remarks at the opening session on 25 July 2017 in Khartoum, Abdul Kamara, Manager of AfDB’s Sudan Country Office said that the objective of the Initiative is to transform precarious situations in the desert part of Africa into development opportunities for local communities.AfDB briefs Donors on its new strategy for Somalia and the status of the Multi-Partner Somalia Infrastructure Fund
24-Jun-2017 - The AfDB has briefed donors on its new Country Brief for Somalia and the status of the Multi-Partner Somalia Infrastructure Fund (SIF). The briefing was chaired by Gabriel Negatu, Director General of the Bank’s Eastern Africa Regional Centre.Zimbabwe launches Beef and Leather Value Chain Technical Assistance Project
23-Jun-2017 - The official launch of Zimbabwe’s Support to Beef and Leather Value Chain Technical Assistance Project took place on June 15th, 2017 in Harare, attracting more than 100 participants.
Senegal – Funded by the Bank, the Regional express train will revolutionize the urban mobility in Dakar
21-Jun-2017 - Facilitating travel in Senegal's most populous and productive area: that’s the objective of the Dakar Regional Express Train (TER) project. On Wednesday, 21 June 2017, the African Development Bank (AfDB) decided to support the project through a US $ 192.8 million (CFAF 120 billion) loan. This 36 km long railway line will connect the heart of the capital with the new and growing city of Diamniadio. Some 113,000 passengers are expected to borrow it every day by 2019.AfDB to support Mozambique SMEs in the construction sector along Nacala Corridor
20-Jun-2017 - The African Development Bank’s Board of Directors has approved a US $1-million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the Nacala Corridor Business Linkages Technical Assistance Project. The project is in line with the Bank’s effort to promote inclusive private sector development and SME linkages with large investments. It also aims to promote corridor economic development through the integration of economic activities within infrastructure development along the Nacala corridor.
RDC, SEFA investit 1 million de dollars EU pour faciliter l’accès à l’électricité à 10.000 familles dans la Province du Nord Kivu
19-Jun-2017 - Le Fonds des Energies Durables pour l’Afrique (SEFA), logé à la Banque Africaine de Développement (BAD), a approuvé un don de 985,500 dollars EU pour améliorer la bancabilité et atteindre le bouclage financier d’un projet intégré, comprenant la construction de deux petites centrales hydroélectriques et des réseaux de transmission et de distribution. Ce projet assurera l’accès à l’électricité à dix mille foyers dans les villes de Butembo et Beni et aux alentours, dans la Province Nord Kivu en République Démocratique du Congo.
AfDB, African Legal Support Facility lead call for energy in Africa at Copenhagen forum
19-Jun-2017 - The African Legal Support Facility (ALSF) and the African Development Bank (AfDB) are leading renewed calls for global investment towards an electrified Africa. They made the call at the 19th Africa Energy Forum concluded recently in Copenhagen, Denmark, June 7-9. “We are all looking at the same pipelines throughout the continent. As a result, there exist obvious areas of cooperation,” said João Duarte Cunha, AfDB’s Chief Climate Finance Officer.
The African Development Bank announces the appointment of Vanessa Moungar as Director for Gender, Women and Civil Society
19-Jun-2017 - The African Development Bank is pleased to announce the appointment of Vanessa Moungar as Director of Gender, Women and Civil Society with effect from 1st July 2017. A citizen of Chad and France, Moungar brings along diverse experience from the public and private sectors, as well as an extensive global network. She has a solid track record of high-level policy dialogue and partnership building to accelerate the continent’s transformation agenda.
Paul Biya manifeste son soutien au président de la BAD : « Grâce à vos efforts, le développement de l’Afrique va s’accélérer »
18-Jun-2017 - « Nous apprécions ce que vous accomplissez pour l’Afrique en général et pour le Cameroun en particulier. Grâce à vos efforts, le développement de l’Afrique va s’accélérer » a déclaré, en substance, le président de la République Paul Biya, lors de l’audience qu’il a accordée au président du Groupe de la Banque africaine de développement (BAD), Akinwumi Adesina, lundi 17 juillet 2017 à Yaoundé, à l’occasion de sa visite officielle au Cameroun.AfDB approves US$ 15 million equity investment in Shore Capital Fund to support inclusive growth in Africa
16-Jun-2017 - The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund which promotes financial inclusion by supporting financial institutions serving Africa’s low income and emerging middle-class communities.
AfDB, Japan International Cooperation Agency sign US $300-million loan for Enhanced Private Sector Assistance
15-Jun-2017 - The Japan International Cooperation Agency (JICA) has signed a JPY 34.41 billion (about US$ 300 million) loan agreement with the African Development Bank under the Enhanced Private Sector Assistance (EPSA) initiative which is a component of Japan’s Official Development Assistance (ODA) to Africa. The “Seventh Private Sector Assistance Loan” carries an interest rate of 0.35%, to be repaid in 40 years after a 10-year grace period. The loan is intended to promote economic growth and reduce poverty in Africa by supporting the private sector...