Press Releases

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Global Gender Summit 2019: "Put prejudice behind us and give women access to finance," says Akinwumi Adesina

25-Nov-2019 - African Development Bank President Akinwumi Adesina has called for greater access to finance for African women when he addressed the inaugural session of the Global Gender Summit. "When women borrow, they always repay. And 90% of them repay their loans without the least problem. So, where is the risk? The problem is prejudice and the banks' lack of flexibility. We must leave this behind to allow women access to financing," President Adesina urged.

« Soyons ambitieux dans les réformes et maintenons le cap », a exhorté Akinwumi Adesina lors du Sommet extraordinaire des chefs d’État de la CEMAC à Yaoundé

25-Nov-2019 - Le président du Cameroun, Paul Biya, a ouvert officiellement, ce vendredi à Yaoundé, le Sommet extraordinaire de la Conférence des chefs d’État de la Communauté économique et monétaire de l’Afrique centrale (CEMAC), dont il est le président en exercice.

Global Gender Summit 2019: African leaders take on the responsibility to urgently close the gender gap

25-Nov-2019 - ‘There is no template to follow…we (women) can deliver but we can deliver differently” - President Sahle-Work Zewde, President of Ethiopia ‘We are making sure that narrowing this gender gap is everyone’s responsibility,’ President Paul Kagame of Rwanda “This discrimination is political, economic and social; it is politically incorrect, unjustifiable socially.’ - Chairperson of the African Union Commission Moussa Faki Mahamat

Sénégal : la Banque africaine de développement octroie plus de 62 millions pour la mobilisation des ressources et l’efficacité des reformes

22-Nov-2019 - Le Groupe de la Banque africaine de développement a validé un prêt de 62,5 millions d’euros en faveur du Sénégal pour soutenir la première phase du Programme d’appui à la mobilisation des ressources et à l’efficacité des réformes (PAMRER I).

South Sudan: African Development Bank-financed upgraded Juba power distribution system comes onstream

22-Nov-2019 - The government of South Sudan on Thursday commissioned a $38 million upgraded power distribution system financed by the African Development Bank to restore reliable electricity supply to Juba’s central business district and boost suburban livelihoods. The Juba Power Distribution System Rehabilitation and Expansion Project is the first in a series of major energy sector interventions by the Bank to improve livelihoods and build resilience in South Sudan. As its counterpart contribution, the government provided land for the construction of five...

Congo : la Banque africaine de développement prête 73 millions d’euros pour mettre en place des chaînes de valeurs agricoles

22-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, ce mercredi à Abidjan, un prêt de 73,2 millions d’euros au profit de la République du Congo pour mettre en place des chaînes de valeurs agricoles au bénéfice de plus de 350.000 personnes.

Sommet mondial du genre 2019 à Kigali : la Banque africaine de développement et le Rwanda veulent accélérer la promotion de l’égalité des sexes

20-Nov-2019 - Pour la première fois, l’Afrique accueille, du 25 au 27 novembre à Kigali, le Sommet mondial sur le genre, un événement qui vise à partager les meilleures pratiques et stimuler l’innovation afin d’accélérer les progrès en matière d’égalité des sexes.

Cameroun : la Banque africaine de développement accorde près de 18millions d’euros pour les 365 km de la Ring Road

19-Nov-2019 - Le ministre de l’Economie, de la planification et de l’aménagement du territoire, Alamine Ousmane Mey et le directeur général de la Banque africaine de développement pour la région Afrique centrale, Ousmane Doré, ont signé l’accord de prêt de la première tranche du « Projet d’appui au secteur des transports phase 3 : construction de la Ring Road », pour un montant de 17,96 millions d’euros, soit environ 12 milliards de francs CFA. C’était le 28 octobre 2019 à Yaoundé, en présence de responsables officiels camerounais et du responsable pays de...

Tunisie : la Banque africaine de développement soutient activement l’accès au financement des petites et moyennes entreprises

19-Nov-2019 - La Banque africaine de développement a lancé, le jeudi 31 octobre à Tunis, le programme « Investia Enterprise » afin de renforcer la dynamique d’inclusion financière en faveur des petites et moyennes entreprises (PME) tunisiennes. Cette opération est le fruit d’un partenariat entre le Royaume-Uni et le ministère des Finances tunisien, mobilisant, autour de la Bourse des valeurs mobilières de Tunis, l’ensemble des acteurs de l’écosystème financier du pays. L’objectif de ce programme pilote est de faciliter l’accès aux financements non bancaires...

Africa Investment Forum 2019: Masai Ujiri urges African leaders to invest in sports, commissions two new “players”

18-Nov-2019 - Masai Ujiri, President of the Toronto Raptors, made his second appearance at the Africa Investment Forum, renewing his call for African governments to invest in sports. Ujiri, the only President of National Basketball Association (NBA) of African origin in franchise history, has worked hard over the past year to scout talent and raise awareness about the success and growth of sports on the continent.

Africa Investment Forum 2019: Promises made, promises kept: Champions share why investments benefit women

18-Nov-2019 - Challenged a few years ago at an investment forum about the number of women-owned businesses she invested in, Tokunboh Ishmael, co-founder of Aliethiea IDF, faced the realization that after 15 years of private equity investing in businesses in Europe, Asia and North America, the answer was: none. It was a turning point for the former investment banker, although her partner and co-founder, South African Polo Leteka, had been doing exactly that for years.

Africa Investment Forum 2019: African Development Bank signs $250-million risk participation agreement with ABSA, to address Africa’s trade financing gap

18-Nov-2019 - The African Development Bank has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries. The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the Bank and ABSA will share default risk on a portfolio of eligible trade transactions originated by African Issuing Banks (IBs) and confirmed by ABSA.

Africa Investment Forum 2019: "Africa's time is now!", says Akinwumi Adesina, President of the African Development Bank

14-Nov-2019 - At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution's support.

2019 Africa Investment Forum: African Development Bank, EU reaffirm partnership, ambition to de-risk business environment, create jobs in Africa

14-Nov-2019 - The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs. Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum.

Africa Investment Forum 2019 : le programme « Desert to Power », initié par la Banque africaine de développement, au centre des discussions d’un panel d’experts

13-Nov-2019 - Le programme « Desert to Power », initié par la Banque africaine de développement pour fournir de l’électricité à 250 millions de personnes dans la région du Sahel, a fait l’objet d’une session spécifique mardi à l’Africa Investment Forum 2019, organisé à Johannesburg, en Afrique du Sud.

Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal

13-Nov-2019 - Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabled a $24.6 billion transformative project for Mozambique’s economy, the largest deal to feature at the 2019 Africa Investment Forum. The project includes the development of the Golfinho and Atum fields and the nation’s first onshore liquefied natural gas plant. Mozambique’s Prime Minister Agostinho do Rosário made the announcement at a media briefing session during the Forum, the continent’s premier investment marketplace, organized by the African...

African has grasped the Fourth Industrial Revolution, according to African Development Bank report, but its role globally could be even bigger

13-Nov-2019 - A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.  The report, titled “Potential of the Fourth Industrial Revolution in Africa”, was launched on Monday at the Africa Investment Forum, the continent’s premier investment marketplace, organized by the African Development Bank and its partners.

Africa Investment Forum 2019: "Build mutual trust to attract capital to Africa," says investors' panel

13-Nov-2019 - African, European and American investors and the President of the African Development Bank held a panel discussion on Tuesday at the Africa Investment Forum 2019 to collectively reflect on the theme: "Destination Africa: Leveraging Institutional Investors". Panellists included Adam Boehler, Chief Executive Officer of the United States International Development Finance Corporation; Rob Hersov, founder of the Invest Africa platform; Uche Orji, CEO of the Nigeria Sovereign Investment Authority; and Sola David Borha, CEO of Africa Regions,...

Africa Investment Forum 2019: MOU brings good news for Africa’s rail networks

13-Nov-2019 - The African Export-Import Bank (Afreximbank) and Thelo DB on Tuesday signed a Memorandum of Understanding at the Africa Investment Forum in Johannesburg. The agreement will give both parties an opportunity to develop, finance and operate railway projects across Africa. Thelo and Afreximbank have agreed to collaborate to modernise the continent’s railways, thereby promoting trade, investment, and economic and skills development. Both see the urgent need for efficient and effective transportation and logistics on the continent, particularly in...

African Development Bank Group becomes a shareholder in Africa Finance Corporation

13-Nov-2019 - Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC. The Bank Group’s investment in AFC will enable both institutions to accelerate infrastructure development and delivery on the continent by deepening co-financing opportunities, joint implementation, knowledge transfer and capacity development for the...