Press Releases

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Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

03-Oct-2019 - The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya. The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan. The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from the Africa Growing Together Fund, set up by the Bank and the People’s Bank of China in 2014. The remaining 19% will be financed by the...

Le Bureau de suivi du Plan Sénégal émergent et le Delivery Unit du Maroc partagent leurs expériences à la Banque africaine de développement

01-Oct-2019 - Le Bureau opérationnel de suivi du Plan Sénégal émergent (BOS-PSE) et le Delivery Unit du Maroc (DU) ont partagé, lundi dernier à Abidjan, leur savoir-faire dans le suivi de l’exécution des projets.

First West Africa Fertilizer Financing Forum, hosted by African Development Bank, opens in Abidjan

01-Oct-2019 - “Effective partnerships for financing are key to the fertilizer sector growth.” Bank Vice President Pierre Guislain   Actors in West Africa’s fertilizer industry emphasized the need to financially support the fertilizer value chain to improve agricultural productivity in the region. Agriculture ministers, development partners and private sector leaders made the call during the opening ceremony of the first West Africa Fertilizer Financing Forum in Abidjan, Côte d’Ivoire, on Monday 30 September.

Tchad : la Banque africaine de développement approuve un prêt de 18 millions d’euros pour le projet de centrale solaire de Djermaya

01-Oct-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le jeudi 26 septembre, un prêt de 18 millions d’euros ainsi qu’une Garantie partielle de risque (GPR), pour la mise en place de la centrale solaire de Djermaya au Tchad.

Bénin : la Banque africaine de développement prête 61 millions d’euros pour l’assainissement pluvial de Cotonou

27-Sep-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, ce jeudi à Abidjan, un prêt de 61 millions d’euros au Bénin pour la mise en œuvre du Projet d’appui au programme d’assainissement pluvial de Cotonou (PAPC), la capitale économique du pays étant sujette régulière à des inondations.

UNGA 2019: Hands off our girls! African first ladies take campaign against rape, early child marriage, to UN General Assembly

27-Sep-2019 - Africa’s first ladies, led by Sierra Leone Fatima Maada Bio brought their campaign to ban early child marriage and sexual violence against women and girls before a global stage in a passionate appeal for the world to support their “Hands Off Our Girls! Campaign. In a no-holds barred conversation organized on the sidelines of the UN General Assembly Wednesday, Bio flanked by her husband President Julius Bio, spoke to “lift the lid of silence” taboo and stigma surrounding rape and early marriage in Sierra Leone and other parts of the continent.

Bénin : la Banque africaine de développement accorde un prêt de 61 millions d’euros pour électrifier 300 communes rurales

27-Sep-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, ce jeudi, un prêt de 61,77 millions d’euros en faveur du gouvernement du Bénin pour la mise en œuvre du Projet d’électrification rurale (PERU) à destination de 309 communes.

The Bank Group’s swears in its new sanctions commissioners

27-Sep-2019 - On 10 September 2019, two experts with more than 35 years of combined experience in the legal field were sworn in as the Bank Group’s new sanctions commissioner and alternate sanctions commissioner. The swearing-in ceremony of Justin Wanjala and Justice Niyungeko, was chaired by Senior Vice President Charles Boamah, in the presence of members of the Board of Directors, the General Counsel and the Secretary General.

African Development Bank debars On-Track Technical Services Limited for 18 months for fraudulent practices

26-Sep-2019 - The African Development Bank Group on 26 September 2019 announced the debarment of On-Track Technical Services Limited, a Uganda-registered engineering company, for 18 months after it found the company to be engaged in fraudulent practices.

Guinée : la Banque africaine de développement accorde un crédit de 8 millions de dollars à Vista Bank pour aider les PME agricoles

26-Sep-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son feu vert, mardi 24 septembre, à l’octroi d’une ligne de crédit de 8 millions de dollars américains au groupe bancaire Vista Bank en Guinée (Conakry).

UNGA 2019: Young Africans will “produce the magic” says AU chief as the UN sounds warning on Sustainable Development Goals

26-Sep-2019 - Leaders should devise an “incentive structure” to promote a startup culture among young Africans. “I think they will produce the magic,” Albert Muchanga, the African Union’s Commissioner for Trade and Industry, told a gathering on infrastructure at the United Nations on Wednesday. Muchanga said colleagues were working to “harmonise our policies, rules and regulations” to smooth cross-border trade while focusing on the next generation.

Sénégal : la Banque africaine de développement approuve plus de 22 millions d’euros à la BNDE pour soutenir les PME et la création d’emplois en zone rurale

25-Sep-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mardi 24 septembre à Abidjan, une ligne de crédit de 22,5 millions d’euros, dont 15 millions de ressources de la Banque et 7,5 millions de ressources de Africa Growing Together Fund (AGTF: Fonds de cofinancement Banque africaine de développement et Banque Populaire de Chine), pour soutenir la Banque nationale pour le développement économique (BNDE) du Sénégal.

UNGA 2019: Women are “Africa’s tigers” says Congolese First Lady as African Development Bank touts $3bn fund

25-Sep-2019 - African women are on the cusp of securing gender equality. “We are convinced that the moment for African women has now come,” said Antoinette Sassou Nguesso, the First Lady of the Republic of Congo. Nguesso made the remarks on Tuesday at a meeting of the Organization of African First Ladies for Development (OAFLAD) on the sidelines of the UN General Assembly. “The tiger doesn’t claim its tigerhood, and it has to act like a tiger,” Nguesso, president of OAFLAD, said in French via an interpreter.

UNGA 2019: No room for coal in Africa’s renewable future: Akinwumi Adesina

25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday.  Addressing a gathering of leaders and officials from almost 200 countries in New York, Adesina outlined efforts to shutter coal-fired power plants and build the "largest solar zone in the world" in the arid Sahel belt.

UNGA 2019: African Development Bank to help boost climate change adaptation funding to $12.5bn

25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday pledged to boost funding commitments by $12.5bn to help countries adapt to the effects of climate change between 2020 and 2025. Addressing UN talks on climate change adaptation, Adesina said the Bank was doubling commitments to climate finance to $25bn for the five-year period, half of which would fund climate adaptation.

UN General Assembly 2019: Scaling Up Nutrition Lead Group meets to chart way forward

25-Sep-2019 - “Energy, passion and a lot of young people who care about nutrition” will underpin the Scaling Up Nutrition (SUN) Movement’s newest phase, alongside stronger private sector engagement, members of the Lead Group heard on Tuesday. The meeting of the group’s leaders took place at the UNICEF headquarters in New York on the sidelines of the UN General Assembly. The participants met to decide on the continuation of the SUN Movement into its third phase (2021-2025) and to make commitments to achieve its key objective – to eliminate all forms of...

G5 Sahel : la Banque africaine de développement mobilise près de 270 millions de dollars pour renforcer les infrastructures et la résilience de la région

23-Sep-2019 - A l’issue de la réunion de suivi des annonces (de financement) du « Groupe de Nouakchott », la Banque africaine de développement a annoncé apporter 267 millions de dollars américains pour financer la réalisation des projets du Programme d’investissement prioritaire (PIP) du G5 Sahel. Cette réunion avait pour objectif d’effectuer le suivi des engagements donnés en faveur du PIP à l’occasion d’une conférence entre le G5 Sahel et ses partenaires, tenue fin 2018 à Nouakchott. Une rencontre qui a permis de recueillir des annonces de financement d’...

UN Climate Action Summit: High Level MDB Statement

23-Sep-2019 - Multilateral Development Banks have been at the forefront of supporting our clients’ efforts to pursue ambitious climate action for more than a decade. In light of growing climate change impacts, including on the poorest and most vulnerable, each of our institutions is taking urgent action to help our clients adapt to and mitigate climate risks. These actions include:   ACTION 1: Each institution has individually committed to support increased climate finance levels over time: 

UN, African Development Bank High-Level Meeting Calls for Speed and Action on SDGs

23-Sep-2019 - With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective action and the need for greater collaboration between the United Nations and the African Development Bank to fast-track Africa’s development.

NIGERIA: African Development Bank’s Sustainable Energy Fund for Africa approves $500,000 grant for clean energy

20-Sep-2019 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by All On, a Nigerian impact investment firm financed by Shell. NEAF will make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors.