Press Releases
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African Legal Support Facility and partners launch French version of handbook on Power Purchase Agreements
09-Dec-2015 - The African Legal Support Facility (ALSF) and partners launched the French version of the handbook “Understanding Power Purchase Agreements” (PPA) in Paris, France, on December 8, 2015. The handbook has been published through a joint partnership with the ALSF and US Department of Commerce’s Commercial Law Development Programme (CLDP) as part of the Power Africa initiative. The handbook is intended to simplify legal terms of PPAs in order to help reduce the time required to negotiate sustainable and bankable projects.
AfDB External Representation Office for Asia hosts doing business with Africa seminars for Korean private sector
09-Dec-2015 - The African Development Bank (AfDB) External Representation Office for Asia (ASRO) hosted two seminars for the Korean public and private sector and officially launched its Korean language website in Seoul on November 30. The events were supported by the Bank’s main counterparts – the Ministry of Strategy and Finance (MOSF) of the Republic of Korea and Korea Eximbank.AfDB approves US $53 million for water in Zimbabwe and financial reform in Chad
09-Dec-2015 - Zimbabwe and Chad will benefit from combined grants amounting to US $53.24 million approved by Executive Directors of the African Development Bank Group on Wednesday, December 9, for the funding of a water project and a financial reform programme, respectively.AfDB’s annual workshop on local currency bond markets concludes in Johannesburg
08-Dec-2015 - The African Development Bank’s African Financial Markets Initiative held a two-day workshop in Johannesburg, South Africa, recently, where participants from 32 African countries – Central Bank officers, and other stakeholders including regulators, representatives from Ministries of Finance and stock exchanges along with institutional investors – exchanged views on the collection and dissemination of reliable and accurate market data.Daily news, videos and footage related to Africa at COP21 accessible to global and African media thanks to AfDB
07-Dec-2015 - The African Development Bank (AfDB) is posting and disseminating daily coverage of Africa-related COP21 news, including videos and feature stories from events at the African Pavilion, via the newsmarket.com platform. A partnership has been signed between AfDB and the platform for the duration of COP21. Materials are free of copyright and may be used by all members of the media. All videos and press releases are available at http://www.thenewsmarket.com/africandevelopmentbankAfDB launches Development Effectiveness Review on Sierra Leone
07-Dec-2015 - The African Development Bank (AfDB) launched its Development Effectiveness Review 2015 on Sierra Leone on Wednesday, December 9, 2015 in Freetown. The Development Effectiveness Review 2015 for Sierra Leone provides a comprehensive report on the Bank’s performance in the country and tracks how the Bank’s operations have contributed to Sierra Leone’s development results.World Bank and AfDB announce $600 million in support for hydrometeorology in Africa
05-Dec-2015 - The World Bank in partnership with the African Development Bank (AfDB) and the World Meteorological Organization has announced a US $600 million programme to improve hydrometeorological services in 15 West African countries. The programme, Strengthening Climate Change and Disaster Resilience in Sub-Saharan Africa, aims at improving meteorological services in Africa where most countries have poor infrastructure and lack modern technology for reliable and timely capture and transmission of meteorological information to the public.
Le département Afrique du Nord de la BAD se mobilise à Tunis contre la violence à l’égard des femmes
04-Dec-2015 - Dans le cadre de sa contribution à la Campagne du Secrétaire général des Nations Unies «Tous UNIS pour mettre fin à la Violence à l’égard des Femmes», et en conformité avec sa mission, la Banque africaine de développement (BAD) a choisi cette année de traiter le thème: «Les Femmes en Première Ligne du Développement: la Lutte contre la Violence».ADF12 & 13: Is the AfDB delivering on its commitments?
04-Dec-2015 - Insights from new IDEV evaluations Bank delivering on its commitments, but concerns raised on ensuring they are fully implemented Evaluation vital for Mid-Term Review of ADF-13 and next replenishmentMultilateral Development Banks Join Forces to Ramp up Climate Action in Transport
03-Dec-2015 - Eight multilateral development banks today issued a joint statement, committing to accelerate their efforts to mitigate transport emissions and recognizing the need for more action on the resilience of transport to climate change. The sector accounts for about 60% of global oil consumption, 27% of all energy use, and 23% of world energy-related CO2 emissions.New adaptation support for Global Environment Facility a welcome infusion for Africa, says AfDB
03-Dec-2015 - The African Development Bank (AfDB) welcomes the new infusion of US $248 million for the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF), which was announced Monday at the global climate summit in Paris.Africa Water Facility Plans for the Next Decade
03-Dec-2015 - From November 25 to 27, the Africa Water Facility (AWF) engaged stakeholders in a series of activities to conduct an evaluation of its performance in the last decade and also to map out a Long-Term Strategy going forward. On November 25, a strategy review was conducted as the current AWF Strategic Plan extends only until the end of 2016. As the AWF reaches the mid-point in its intended life-cycle, such a milestone naturally provides an opportunity to reflect on the past 10 years and chart the way forward for the 2017-2030 strategic period.New business approach of linking project preparation to financing approved
02-Dec-2015 - Stakeholders from the African Union Commission (AUC), the New Partnership for Africa’s Development (NEPAD), Regional Economic Communities, Project Preparation Facilities, and development partners, met recently to validate NEPAD Infrastructure Project Preparation Facility’s (NEPAD-IPPF) Strategic Business Plan. The November 18, 2015 validation workshop took place at the African Development Bank (AfDB) headquarters in Abidjan, Côte d’Ivoire. NEPAD-IPPF is hosted by the Bank.AfDB launches brainstorming series on Fragility, Resilience and the High 5s
02-Dec-2015 - On Tuesday, December 1, the Transition Support Department of the African Development Bank launched a Brainstorming Series on Fragility, Resilience and the High 5s for Africa at the Bank’s headquarters in Abidjan. The High 5s are priorities intended to accelerate the implementation of the Bank’s Ten-Year Strategy. Specifically, the goals are to: Light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the quality of life for African people.Integrity in Development: AfDB and Hitachi, Ltd. conclude settlement agreement
02-Dec-2015 - The African Development Bank Group (“AfDB”) announces that on November 30, 2015, it concluded a Settlement Agreement with Hitachi, Ltd. (“Hitachi”) of Tokyo, Japan.The Africa Pavilion at COP21 opens on a high note - “Africa’s message for this summit is clear”
02-Dec-2015 - Africa sent an unequivocal message of solidarity and unity of purpose at the official opening of the Africa Pavilion at the UNFCCC COP 21 in Paris on Tuesday. Speaking at the high-level opening, President Thomas Yayi Boni of Benin was resolute that the Africa is not at the negotiating table with a begging bowl. He told the audience at the Africa high-level event marking the launch of the Africa Pavilion that “Africa did not come here to beg for money or assistance, but to bring about commitment of all concerned to Africa’s adaptation needs.”AfDB to support electricity access for all by 2030 with African Renewable Energy Initiative
02-Dec-2015 - Africa has launched an ambitious African Renewable Energy Initiative (AREI) as the continent’s a major contribution to Conference of Parties (COP21) taking place in Paris, France. The launch of the initiative which aims to produce 300 gigawatts (GW) of electricity for the continent by 2030 is a demonstration of Africa’s leadership in the UN climate negotiations. The initiative’s goals are to help achieve sustainable development, enhance well-being and sound economic development by ensuring universal access to sufficient amounts of clean,...Multilateral Development Banks pledge increased funding to tackle climate change
01-Dec-2015 - Multilateral development banks (MDBs) identified climate financing for development action as a crucial step in putting the world on the pathway for sustainable development at the 21st Conference of Parties of the United Nations Framework Convention on Climate Change (COP21) in Paris on Monday.
ALSF and partners conclude PPP training for government officials in Togo
01-Dec-2015 - The African Legal Support Facility (ALSF) together with partners conducted a five-day training for government officials on the legal aspects of preparing Public Private Partnerships (PPP). The event was held from November 23-27, 2015 in Lomé, Togo. Participants included regulators, private and public lawyers, professional services practitioners and financiers representing Benin, Cameroon, Côte d’Ivoire, Congo, Gabon, Guinea, Mauritania, Niger, and the West African Development Bank (BOAD).