Press Releases
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Integrity in Development Projects: African Development Bank Blacklists Oceanic Construction and Engineering Nigeria for 48 Months for Fraudulent Practices
26-Jun-2019 - The African Development Bank Group has blacklisted Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for fraudulent contract bidding, the Bank announced on Wednesday. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the company misrepresented its year of incorporation, the value of its reference contracts, and the experience of its key personnel while bidding for two works contracts under the Bank-financed Urban Water Supply and...
Malawi : la Banque africaine de développement accorde 37 millions de dollars en faveur du corridor d’intégration de Nacala
26-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, le mercredi 19 juin, un soutien financier de 37 millions de dollars américains pour la réalisation de la phase V du corridor routier de Nacala, au Malawi.
African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan
25-Jun-2019 - The Board of Directors of the African Development Bank on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project.
African Development Bank hosts experts to accelerate food transformation in West Africa through technology
25-Jun-2019 - The African Development Bank has hosted a group of experts to discuss how technology can be deployed to transform food systems in West Africa. The Bank co-hosted the workshop with the International Fund for Agricultural Development, the African Green Revolution Alliance, the World Economic Forum and Rabobank for the Food Systems Action Platform (FSAP) for West Africa at the Bank’s headquarters in Abidjan, Cote d’Ivoire, on 20-21 June.African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)
24-Jun-2019 - The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from 11-14 June. The Bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the Facility to...African Development Bank hosts masterclass on women’s skills in business development
24-Jun-2019 - The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management.
The African Development Bank’s High 5 priorities are making a vital contribution to the continent's integration
24-Jun-2019 - The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets.
Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.
24-Jun-2019 - Infrastructure, agricultural-processing zones, air cargo facilities, and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.
Accelerating Africa’s transformation via a vibrant digital economy
21-Jun-2019 - Affordable, inclusive connectivity, coupled with digital skills and literacy, are essential elements in the fight against inequality in the digital age, experts at the European Commission’s 2019 European Development Days (EDD) Forum, emphasised.African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market
20-Jun-2019 - The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa.
MDB climate finance hit record high of $43.1 billion in 2018
20-Jun-2019 - Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion.
Le chef de l’Etat congolais, Félix Tshisekedi, et le président de la Banque africaine de développement, Akinwumi Adesina, animent un forum sur le secteur privé
19-Jun-2019 - Dans le cadre de la visite officielle de quatre jours du président du Groupe de la Banque africaine de développement, Akinwumi Adesina, en République démocratique du Congo (RDC), les opérateurs économiques congolais ont débattu, le 18 juin 2019 à Kinshasa, des opportunités d’investissements. Les secteurs majeurs visés étaient l’agriculture, l’énergie, les mines, l’hydrocarbure, le tourisme et l’éducation. Ils ont également présenté la « vision stratégique » du patronat qui peut se résumer comme suit : diversification économique et mobilisation...
Deuxième jour en RDC du président Adesina : dialogue stratégique avec les membres du gouvernement pour insuffler une dynamique au partenariat
19-Jun-2019 - Insuffler une nouvelle dynamique au partenariat bilatéral entre la Banque africaine de développement et la République démocratique du Congo (RDC), et explorer des pistes susceptibles de renforcer la croissance économique du pays. Tels sont les deux objectifs du dialogue stratégique organisé entre la Banque et les membres du gouvernement congolais (Ministres des finances, du budget, de l’agriculture, des PME, de l’énergie, du transport, des mines, du plan, de la santé et du développement rural), à l’Hôtel-Fleuve-Congo, à Kinshasa.
RDC : Première journée de la visite officielle du président Adesina, dépôt de gerbe de fleurs, rencontre avec la presse
18-Jun-2019 - Le président de la Banque africaine de développement, Akinwumi Adesina, est arrivé à Kinshasa dans le cadre d’une visite officielle de quatre jours, à l’invitation du président de la République démocratique du Congo (RDC), Félix Tshisekedi. La délégation de la Banque a été chaleureusement accueillie par les autorités.The President of the African Development Bank begins an official visit to the Democratic Republic of Congo from June 17 to 20, 2019
17-Jun-2019 - The President of the African Development Bank, Dr. Akinwumi Ayodeji Adesina and a delegation begin a four-day official visit to the Democratic Republic of Congo (DRC), at the invitation of President Felix Antoine Tshisekedi Tshilombo. During the visit, intended to strengthen the bilateral partnership between the Bank Group and the DRC, Adesina will meet with the Congolese Head of State and discuss development issues.Final communique of the fifty fourth annual meeting of the board of governors of the African Development Bank (ADB) and the forty fifth annual meeting of the board of governors of the African Development Fund (ADF)
15-Jun-2019 - WE, the Governors, representing Member Countries of the African Development Bank and State Participants of the African Development Fund (the “Bank Group”), meeting in Malabo, Equatorial Guinea for the 2019 Annual Meetings from 11th to 14th June 2019 under the chairmanship of His Excellency CESAR AUGUSTO MBA ABOGO, Governor for the Republic of Equatorial Guinea, Minister of Finance and Chairperson of the Boards of Governors:
La Banque africaine de développement accorde un financement supplémentaire aux Comores pour le secteur de l’énergie
14-Jun-2019 - La Directrice Générale Adjointe de la Banque pour l’Afrique de l’Est, Nwabufo Nnenna, et le Ministre des Finances et du Budget des Comores, Saïd-Ali-Saïd Chayhane, ont signé, jeudi, un accord de financement supplémentaire de 8,63 millions d’euros, en marge des Assemblées annuelles de la Banque à Malabo, en Guinée équatoriale. Grâce à ce financement de la Banque, le gouvernement des Comores sera en mesure de poursuivre ses réformes dans le secteur de l’énergie, entamées en 2014, dans le cadre du Projet d’appui au secteur de l’énergie (PASEC).
“Let’s learn to build it ourselves,” Bank Vice President Sherif in a clarion call to regional economic blocs
14-Jun-2019 - “The day we see an Egyptian farming in Sudan, growing wheat, rather than Egypt getting its wheat from Ukraine, Russia - this is regional integration. The day we see a Sierra Leonean mining his diamond and selling that diamond for the $10,000 that it deserves, not just rough stones but cut and polished, with added value; this is a different Africa”.
African Development Bank showcases impact of Korean drone technology on agricultural productivity
14-Jun-2019 - At a special event highlighting the partnership between the African Development Bank and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food imports. Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests. The Bank launched the project, in cooperation with the Busan Metropolitan City in Korea with support from the Korea-Africa Cooperation...