Press Releases
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Maroc : la BAD signe un accord de participation aux risques avec la Banque centrale populaire pour stimuler le commerce intra-africain
14-Jul-2017 - Le Conseil d'administration du Groupe de la Banque africaine de développement (BAD) a approuvé, ce vendredi 14 juillet 2017, un Accord de participation aux risques (APR) d’un montant de 50 millions de dollars EU, au profit de la Banque centrale populaire (BCP) du Maroc.
Maroc : 200 millions de dollars de la BAD pour la 1e phase du Programme d’appui à l’accélération de l’industrialisation (PAAIM I)
14-Jul-2017 - Le Conseil d'administration du Groupe la Banque africaine de développement (BAD) a approuvé, ce vendredi 14 juillet 2017, un prêt de 200 millions de dollars EU, destiné à financer la première phase du Programme d’appui à l’accélération de l’industrialisation au Maroc (PAAIM I).AfDB President to make a three-day official visit to Cameroon from 15 to 18 July 2017
13-Jul-2017 - The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, will make an official visit to Yaounde, Cameroon, from 15 to 18 July 2017. During his stay in Cameroon, Adesina will meet with President Paul Biya, key government officials and development partners. This visit aims to strengthen existing ties between Cameroon and Africa’s premier development finance institution.
Connecting the Continent: With ALSF support, Rwanda concludes Concession Agreement for new Bugesera International Airport
13-Jul-2017 - With the backing of the African Legal Support Facility, the Government of Rwanda has taken a concrete step toward becoming a transportation hub for the East African region with the signing of a Concession Agreement for the construction and operation of Bugesera International Airport.AfDB’s regional open data platform takes centre stage at the 61th World Statistics Congress
12-Jul-2017 - The African Information Highway, a first of its kind data hub developed by the African Development Bank (AfDB) to revolutionize data management and dissemination in Africa, will be spotlighted at the 61th World Statistics Congress.The Board of Directors of the African Development Bank Group approves historic agreement with European Commission
12-Jul-2017 - The Board of Directors of the African Development Bank Group has approved a historic framework agreement known as the Pillar Assessed Grant or Delegation Agreement (PAGODA) between the Bank group and the European Commission (EC). The agreement – which further enhances the Bank Group’s franchise value as the premier development finance institution in Africa – will leverage and catalyze grants for the Bank’s Regional Member Countries (RMCs) via EC blending instruments.
AfDB to finance construction of 32 megawatts solar power plant in Chadian capital, N’Djamena
11-Jul-2017 - The African Development Bank (AfDB) is to fund the construction of a 32 megawatts solar plant to be constructed in N’Djamena, the Chadian capital. In addition to financing the 32 MW solar power plant, AfDB plans to support other projects such as the electrical interconnection project between Chad and Cameroon, and the rehabilitation of the current National Electricity Company (SNE) plant.African Legal Support Facility adopts new medium-term strategy to enhance results
11-Jul-2017 - The African Legal Support Facility (ALSF) has approved and adopted a new medium-term strategy which aims to focus on critical issues that matter to African communities, governments and the entire continent. Among other things, the Medium-Term Strategy (2018-2022) will strengthen the Facility to achieve greater results. Experience has shown that strong legal capacities play a critical role in producing economic success in the African region.
AfDB, Islamic Development Bank sign new US $ 2 billion deal to fund energy, SMEs, human development programs
11-Jul-2017 - The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Both parties have agreed to jointly pull together the sum of US $2 billion over the next three years to finance projects in agriculture and food security, renewable energy, small and medium enterprises, and human development (health and education).Africa Climate Change Fund launches second call for proposals
10-Jul-2017 - The Africa Climate Change Fund (ACCF), housed in the Climate Change and Green Growth Department of the African Development Bank (AfDB), is launching a call for proposals. The funding envelope available for this call is US $5 million in the form of grants. The Fund is seeking concept notes for projects and programmes in the range of US $250,000 – US $ 1 million. Focus Areas and themes:
AfDB and Government of Japan launch Japan-Africa Energy Initiative
07-Jul-2017 - The Government of Japan and the African Development Bank have signed a Letter of Intent to launch the Japan-Africa Energy Initiative (JAEI) to provide significant support to the New Deal on Energy for Africa which aims to achieve universal access to energy by 2025, using available energy sources and the most advanced technologies. The agreement was signed on the sidelines of the ongoing African Union Summit at the AU headquarters in Addis Ababa on 3 July 2017.
Donor’s call for increased financial resources for preparation of bankable infrastructure projects in Africa
07-Jul-2017 - Donors from Canada, Germany, UK and Spain have called on other countries to join them in increasing financial contributions to support infrastructure project preparation in Africa so as to accelerate Africa’s transformation and increased socio-economic development through enhanced infrastructure connectivity.AfDB approves US$1 million emergency relief grant to drought victims in Kenya
07-Jul-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by drought and famine in Kenya. On 10th February 2017, the Government of Kenya declared the drought a national disaster following extreme dry spells in pastoral zones since August 2016. These have resulted in high local cereal prices, increasing livestock mortality and conflict that have exacerbated the impact of the drought. Food prices are currently 10%-25% above their five-year averages and...
AfDB focuses on fashion industry to create jobs for millions of women and youth in Africa
05-Jul-2017 - The African Development Bank (AfDB) has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. The AfDB made the call at the recently concluded Small Business Indaba held on 26 June 2017 in Gauteng, South Africa. The main objective of the Small Business Indaba was to provide small, medium and micro-enterprises (SMMEs) with the tools and network to grow their manufacturing operations to the next level of innovation and job creation.Morocco secures US $25 million loan from the Clean Technology Fund for hybrid solar project
03-Jul-2017 - Morocco received approval for a US $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. The Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) and the World Bank with an additional allocation of US$ 25 million in CTF resources.
Souk At-tanmia builds capacity of 450 young entrepreneurs, public and civil actors in Tunisia
30-Jun-2017 - Enhancing support for Tunisian entrepreneurs In order to improve the support services provided to Tunisian entrepreneurs countrywide, Souk At-tanmia’s partnership launched a capacity-building program for public and civil actors operating in the field of entrepreneurship in Tunisia. This training cycle aims to foster synergies between public institutions and civil society organizations in order to improve the quality of the services offered to Tunisian entrepreneurs.
Indian Ocean Islands, East African countries collaborate to enhance responsible fisheries practices
30-Jun-2017 - Countries from the Indian Ocean Islands and East Africa have come together to develop strategies to tackle illegal fishing and increase accountability in fisheries practices. For two days, representatives from the fishing industry, civil society, governments and fishing administrations from Seychelles, Mauritius, Comoros, Madagascar, Tanzania, Kenya and Mozambique, met on Mahe Island, Seychelles, to discuss the Fisheries Transparency Initiative (FiTI), a global initiative to tackle illegal fishing.Stakeholders validate Abidjan-Lagos Highway Corridor trade facilitation needs assessment report
30-Jun-2017 - To boost trade, investments, growth and overall development, stakeholders have called for the creation of exclusive economic zones/hubs along the Abidjan–Lagos Highway Corridor. The Corridor supports about 75% of the trade activities of the sub-region.Le Conseil d’administration de la BAD approuve le document de stratégie pays, 2017-2021 pour la Tunisie
30-Jun-2017 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé le nouveau Document de stratégie pays 2017-2021 pour la Tunisie. Ce document décrit le contenu du partenariat entre la BAD et la Tunisie pour les cinq (5) ans à venir.