Press Releases
Displaying 3201 - 3220 of 5337
AfDB invests in Women-owned SMEs in Africa through Alitheia Identity Fund (AIF)
18-Dec-2015 - The Bank Group’s (AfDB) Board of Directors, met on December 17, 2015 in Abidjan, and approved USD 12.5 million equity investment in Alitheia Identity Fund (AIF or the Fund). AIF is a Private Equity Fund managed by Alitheia Identity Managers (AIM), a joint venture between two established women-owned fund management companies - Alitheia Capital Limited (Alitheia) of Nigeria, and Identity Development Fund Managers (IDF) of South Africa.
Egypt, the new chair of the ADEA steering committee and STC-EST bureau for the next 2 years
18-Dec-2015 - (from left to right): H.E. Ashraf El-Shihy, Egypt’s Minister of Higher Education and Scientific Research and Chair of the ADEA Steering Committee; Ms. Oley Dibba-Wadda, ADEA Executive Secretary; Mr. Peter Materu, ADEA Executive Committee Chair. Egypt’s Minister of Higher Education and Scientific Research, Dr. Ashraf El-Shihy, has been elected, Chair of the Association for the Development of Education in Africa (ADEA) Steering Committee (SC). He replaces the former Chairperson, Cameroon’s Minister of Education Alim Youssouf Hadidja.
The Bank Group and Mozambique ink USD21 million grant to promote inclusive and sustainable growth
18-Dec-2015 - The Bank Group and the Government of Mozambique, on December 15, 2015 in Abidjan, inked a protocol grant worth USD 21 million, to finance Phase II of the country's Economic Governance and Inclusive Growth Program (EGIGP II), and to improve the enabling environment for private sector development.Inaugural conference discusses the role of research in transforming Africa’s agriculture
17-Dec-2015 - The African Development Bank (AfDB) with its partners held an inaugural two-day conference to discuss the continent’s agricultural potential and how to address constraints that continue to hamper the sector’s performance.
“Violence against women and girls harms the development of Africa”: AfDB concludes 16 days of activism
17-Dec-2015 - The Office of the Special Envoy on Gender of the African Development Bank Group (AfDB) concluded its campaign to mark 16 days of activism in solidarity with the UN’s UNiTE “Orange the World: End all Violence against Women and Girls”. From November 25 to December 10, the AfDB ran a sensitization campaign at its headquarters in Abidjan, Côte d’Ivoire, and across its 35 field offices in Africa.COP21: AfDB joins Inclusive Green Growth Partnership to accelerate financing of green growth projects
17-Dec-2015 - The African Development Bank announced on Thursday, December 17 that it has joined the Inclusive Green Growth Partnership, a new collaboration between the Global Green Growth Institute (GGGI), multilateral development banks and United Nations agencies to address policy barriers and promote social inclusion at the country level to accelerate financing for green growth projects. The Partnership was launched during the 21stConference of the Parties to the United Nations Framework Convention on Climate Change in Paris (COP21).
ADEA and JICA renew their strategic partnership
17-Dec-2015 - (from left to right) Oley Dibba-Wadda, ADEA Executive Secretary, and Eiro Yonezaki, JICA Chief Representative in Côte d’Ivoire The Steering Committee of the 42ndSession of the Association for the Development of Education in Africa (ADEA), held from December 3 to 5, 2015 at the African Development Bank Group (AfDB) headquarters in Abidjan, was a major platform for discussions on renewed partnerships.
AfDB, Egypt ink US $500-million loan agreement to support the country’s ongoing reforms
17-Dec-2015 - The African Development Bank (AfDB) and the Government of Egypt have signed on Thursday, December 17 a loan agreement of US $500 million aimed at supporting the Government’s ongoing bold economic reform program and sustaining strong economic growth. The loan agreement was signed in Cairo by the Egyptian Minister of International Cooperation, Sahar Nasr, and the AfDB Vice-President for Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa, in the presence of the Prime Minister of Egypt, Sherif Ismail.Egypt: AfDB Board approves 2015/16-2019/20 Country Strategy Paper and US $500-million loan for Economic Governance and Energy Support Program
17-Dec-2015 - The Board of Directors of the African Development Bank Group (AfDB) approved on Tuesday, December 15, 2015 in Abidjan the Country Strategy Paper (CSP) of the Arab Republic of Egypt for 2015/16-2019/20. The Board also approved a US $500 million loan entitled the Economic Governance and Energy Support Program (EGESP). The country strategy was designed to support Egypt in its move towards accelerated inclusive growth and presents the plan for the AfDB’s strategic activities over the next four to five years in Egypt.Operationalizing green growth in Mozambique: AfDB report highlights recommendations for action
16-Dec-2015 - The African Development Bank has launched the report, “Transition towards Green Growth in Mozambique: Policy review and recommendations for action,” which summarizes the development process of the Green Economy Action Plan (GEAP) prepared to operationalize the ambitious goals of the country’s Green Economy Roadmap – a plan that outlines the country’s path to become an inclusive middle income country by 2030 thrItaly joins Sustainable Energy Fund for Africa with USD 8-million contribution, raises continent’s green energy potential
15-Dec-2015 - At the global climate summit in Paris on December 10, the Government of Italy announced a USD 8-million contribution to the Sustainable Energy Fund for Africa (SEFA) managed by the African Development Bank (AfDB). Italy’s capital infusion substantially raises the value of SEFA from USD 87 million to nearly USD 95 million, enabling it to continue scaling up its assistance to African nations to unlock private investments in sustainable energy.The Paris Climate Change Agreement – A Window for Africa’s Sustainable Development
14-Dec-2015 - “The Adoption of the Paris Agreement shows that the world understands that with climate change there are no winners and no losers. Either we all win together, or we all lose together”, the President of the African Development Bank Group, Akinwumi Adesina, said Sunday. “And yesterday we all committed to win together.”
Italy joins Africa Climate Change Fund with €4.7 million; Fund grants US $0.36 million to enhance climate resilience in Zanzibar
14-Dec-2015 - The Italian government announced on Thursday, December 10 that it will contribute €4.7 million to the Africa Climate Change Fund (ACCF), an initiative launched last year by the African Development Bank (AfDB) with a €4.725-million contribution from Germany to support African countries in building their resilience to the negative impacts of climate change and transitioning to sustainable low-carbon growth.African Development Bank USD 500 million 1.375% 3-year Green Bond Transaction due December 2018
14-Dec-2015 - Final terms of the transaction Issuer African Development Bank, rated Aaa / AAA/ AAA (Moody’s / S&P / Fitch) Principal Amount USD 500,000,000 Pricing Date December 9, 2015 Settlement Date December 17, 2015 Maturity Date December 17, 2018 Re-Offer Price/Yield 99.903% / 1.408% CouponAfDB leads discussion on cyber-violence against women in Kenya
11-Dec-2015 - The East Africa Resource Centre (EARC) of the African Development Bank hosted a panel discussion on the development of violence against women in the cyber space in Kenya on December 10, 2015 at its offices in Nairobi. The event is part of the 16 days of activism against gender violence, a United Nations campaign, which started on November 25, 2015.AfDB approves 6 climate finance readiness projects in 2015
11-Dec-2015 - The African Development Bank selected in 2014 22 proposals of climate finance readiness projects for appraisal. They were selected out of 362 proposals received after a first call of proposals mid-2014. 6 of the 22 proposals were retained.AfDB Lessons Learned Database made public
10-Dec-2015 - The Independent Development Evaluation (IDEV) lessons learned database, a repository of findings, lessons and recommendations drawn from independent and self-evaluations of the African Development Bank Group (AfDB) has been updated, and is now easily accessible to both internal and external users.AfDB Board approves 2016-2018 Work Programme and Budgets
10-Dec-2015 - Executive Directors of the African Development Bank Group on Tuesday, December 8, 2015 in Abidjan approved the institution’s 2016-2018 Work Programme and Budget which envisages lending of up to US $33.55 billion for some 620 projects.
African Legal Support Facility Director pays courtesy visit to AfDB President
10-Dec-2015 - The African Legal Support Facility (ALSF) Director, Stephen Karangizi, paid a courtesy visit to the President of the African Development Bank (AfDB) Group, Akinwumi Adesina, on December 8, 2015. Hosted by AfDB, the ALSF is implementing 52 projects in 35 of the African Development Bank’s regional member countries. The projects are in the areas of negotiations of agreements in the extractives sector; infrastructure development (the energy sector); investment agreements; related commercial and business transactions; as well as debt management and...