Press Releases

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Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth

26-Jul-2019 - Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition.

Liberia President George Weah moots new agricultural bank to revolutionise economy

26-Jul-2019 - Monrovia, Liberia, 26 July 2019 : Liberian President George Weah has supported calls for agriculture to play a larger role in his country’s economy. Speaking on 25th July 2019 at a donor meeting with African Development Bank President, Akinwumi Adesina, Weah said his government was contemplating the establishment of an agricultural bank. Adesina was quick to advise that such a bank should be called an “agribusiness” bank to acknowledge the economic benefits of the transition from primary production to industrial marketing.

African Development Bank helps to modernise South Sudan’s financial systems

26-Jul-2019 - The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development Strategy 2018-2021; the latter confirms the need to restore and maintain economic infrastructure. 

Tripartite Signing Ceremony of the African Development Bank-funded Project: Greater Banjul Area: Sustainable Urban Development Programme 2020-40 (GBA-SUDP)

26-Jul-2019 - The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency of the three municipalities (Banjul, Kanifing and Brikama), and also provide support to the Banjul port expansion.

Bank and partners prioritise the African Education Fund

25-Jul-2019 - The African Development Bank, the Association for the Development of Education in Africa and the African Union are recommending the establishment of the African Education Fund as the unique African mechanism to address the challenges of education and skills development in Africa. A  joint declaration in support of the African Education Fund was produced after a workshop organised in Abidjan 16 -17 July, 2019

African Development Bank welcomes Fitch’s affirmation of AAA Rating: Driven by extraordinary shareholder support

25-Jul-2019 -   The Fitch rating, of the African Development Bank, published 24th July in London, is affirmed as AAA, with a stable outlook, on improved assessments, qualifications and estimates. The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years.

Guinea: Bank’s new Conakry office is “a crucial step in the cooperation between the Republic of Guinea and the African Development Bank.”

24-Jul-2019 - African Development Bank Group President Dr. Akinwumi Adesina (left) and Republic of Guinea President Alpha Condé (center) officially inaugurate the Conakry country office during a ribbon cutting ceremony, on July 24, 2019.   On Tuesday, 23 July 2019 in Conakry, Guinean Head of State Alpha Condé and President of the African Development Bank Group Dr. Akinwumi A. Adesina officially opened the new Country Office for Guinea.

La Banque africaine de développement et Paris Europlace signent un accord pour mieux mobiliser des ressources en faveur des marchés financiers africains

24-Jul-2019 - La Banque africaine de développement (BAD) et Paris Europlace ont signé un accord de coopération le 08 juillet à Paris, pour le lancement de plusieurs initiatives structurantes avec trois objectifs. D’abord accompagner le développement des marchés de capitaux, au service du financement des économies et des entreprises en Afrique ; ensuite soutenir le développement de la finance digitale en Afrique, moteur de développement de la finance africaine pour les années à venir ; et enfin accompagner le développement de compétences et de talents, à...

Africa Investment Forum 2019 : présentation à Casablanca

24-Jul-2019 - La Banque africaine de développement a organisé, le 23 juillet à Casablanca, une présentation de l’Africa Investment Forum 2019, en partenariat avec Africa50 et la Banque européenne de reconstruction et de développement. Cette rencontre avait pour objectif de mobiliser les investisseurs publics et privés afin de mettre en place un pipeline de projets solvables en amont de la 2ème édition de l’Africa Investment Forum, qui se tiendra du 11 au 13 novembre prochains à Johannesbourg, en Afrique du Sud.

Integrating Africa’s financial markets: African Development Bank and Egypt’s Stock Exchange hold investor roundtable for the African Domestic Bond Fund

24-Jul-2019 - The Egyptian Exchange (EGX) and the African Development Bank have jointly organised an investor roundtable in Cairo to promote the African Domestic Bond Fund (ADBF), set up to improve the liquidity and transparency of African local currency bond markets – a key step in expanding the continent’s capital markets, with Egypt playing a leading role.  

Burkina Faso : La Banque africaine de développement accorde 36 millions de dollars au développement des chaînes de valeur au bénéfice de femmes rurales

23-Jul-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé le vendredi 19 juillet 2019 à Abidjan, un financement de 36,4 millions de dollars en faveur du Burkina Faso, pour la mise en œuvre du Projet d’aménagement et de valorisation de la plaine de la Léraba (PAVAL) au bénéfice de populations, en majorité des femmes.

African Development Bank unveils new digital platform for Africa Investment Forum

23-Jul-2019 - The African Investment Forum’s new digital platform will connect project sponsors with investment opportunities in Africa, vastly improving the quality of project information and documentation. The Platform, as it is known, also provides an opportunity for Transaction Facilitators and Advisers to showcase their professional services to both Investors and Project Sponsors.