Press Releases
Displaying 2801 - 2820 of 5337
AfDB Board approves 2017-2021 Country Strategy Paper for Rwanda
23-Nov-2016 - The African Development Bank (AfDB) will support Rwanda’s economic transformation by boosting inclusive private sector-led growth and creating higher value-added formal employment with an indicative financing package estimated at US $939.4 million over a five-year period. This support package is contained in the Bank’s 2017-2021 Country Strategy Paper (CSP) for Rwanda, which will guide the Bank’s operations in the country during the next five years, approved by its Board of Directors on Wednesday, November 23, 2016 in Abidjan, Côte d’Ivoire.ADEA gears for the Continental Validation Meeting in Egypt prior to its 2017 Triennale in Morocco
23-Nov-2016 - The Association for the Development of Education in Africa (ADEA) held the 2017 Triennale Continental Validation Meeting in Cairo, Egypt, from November 22 to 23, 2016. The meeting was held under the invitation of His Excellency Prof. Dr. Ashraf El Shihy, Minister for Higher Education and Scientific Research of the Republic of Egypt, President of the African Union’s Specialized Technical Committee on Education, Science and Technology (STC-EST) and Steering Committee Chairperson of ADEA.PIDA Week 2016 opens with calls for accelerated job creation through infrastructure development for Africa’s transformation
23-Nov-2016 - Africa has to provide employment opportunities for its youth if it is to harness their potential and contribute to the desired economic growth outlined in the vision of Agenda 2063.
Africa50 appoints four esteemed infrastructure advisors to its Investment Committee
23-Nov-2016 - The Board of Directors of Africa50, the infrastructure fund for Africa, has approved the appointment of four internationally renowned investment and infrastructure experts as Senior Advisors and members of its Investment Committee. The four Senior Advisers, hailing from the U.S., France, Cameroon and Nigeria, will assist Africa50 in making investment decisions in a manner that will ensure the attainment of the dual objectives of development impact and financial return.AfDB Board approves Boost Africa Investment Program, a new integrated approach to enable young innovative entrepreneurs across Africa
23-Nov-2016 - The Board of Directors of the African Development Bank approved on Wednesday, November 16 a €50-million package of investments in various angel, venture, seed, accelerator and incubator funds with the aim of funding innovative start-ups and early stage small businesses across Africa.
Report calls for policies to empower rural youth, encourage private investment, increase access to land and finance to end poverty in West and Central Africa
23-Nov-2016 - Youth unemployment, insecure land tenure and weak value chains are the main obstacles in the way of ending poverty and inequality in West and Central Africa, says a new report released Wednesday in Abidjan by the International Fund for Agricultural Development (IFAD), in collaboration with the African Development Bank (AfDB).
The African Legal Support Facility receives 5 million euro from KfW
22-Nov-2016 - The African Legal Support Facility (ALSF) and the KfW Development Bank on Tuesday signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a € 5-million KfW grant to support ALSF activities.Launch of Boost Africa Initiative, a new integrated approach to boost young innovative entrepreneurs across Africa
21-Nov-2016 - Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched on Monday, November 21 in Abidjan by the European Investment Bank (EIB) and the African Development Bank (AfDB) in partnership with the European Commission. The launch ceremony took place at the Headquarters of the AfDB in Abidjan in the presence of EIB President Werner Hoyer, AfDB President Akinwumi Adesina, EIB Vice-President Ambroise Fayolle and Stefano Manservisi, Director-General for International Cooperation and...AfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities
18-Nov-2016 - The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016.Africa Day at COP22: African leaders demonstrate commitment and action to address climate change
18-Nov-2016 - African Heads of State and Government marked Africa Day in the Africa Pavilion at the UNFCCC 22nd Conference of Parties (COP22) on 16th November with focused and strategic discussion on the ratification and roll out of the implementation of the Paris Agreement and the key continental initiatives to support member states’ efforts.AfDB Board approves US $135 million for Zambia’s Small Towns Water and Sanitation Program
18-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) Group on Friday, November 18, 2016 approved a US $135-million loan to finance a water and sanitation program targeting small towns in Zambia. The Integrated Small Towns Water Supply and Sanitation Program aims to increase access to quality water supply and sanitation services in a sustainable manner in 12 towns located in four provinces of Zambia. Other objectives include ensuring efficient management and operation of the water supply and sewerage facilities on free market...
COP22: “Global finance mechanisms must pay for Africa’s rising climate bill,” Adesina tells Marrakech Conference
18-Nov-2016 - Urgent action needed to stop climate-induced displacement of public expenditures Global finance mechanisms to pay for insurance premiums AREI is fully operational; time for the G7 to fulfill Paris pledgesNEPAD Infrastructure Project Preparation Facility urges Canadian businesses to seize investment opportunities in Africa
17-Nov-2016 - Canadian businesses attending a Business Opportunities Seminar with International Finance Institutions (IFI) held in Toronto, Montreal, Calgary and Vancouver from October 18 to 21 have been urged to compete for AfDB-funded projects and tap into the immense business opportunities available in Africa.AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa
17-Nov-2016 - The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Bata Multinational Road and Bridge linking Cameroon to Equatorial Guinea.
Africa Day at COP22: Adesina calls for the fulfillment of the pledges made in Paris
16-Nov-2016 - African leaders on Wednesday called for speedy action for the implementation of the commitments made at the COP21 in Paris, and urged the fulfillment of the pledges fulfillment of the G7 to provide the financial resources to provide electricity to the millions of Africans.La Banque africaine de développement mobilise 137,82 millions d’euros pour le renforcement des réseaux électriques en Côte d’Ivoire
16-Nov-2016 - Le Conseil d’administration de la Banque africaine de développement a approuvé le 16 novembre 2016, à Abidjan, un financement de 137,82 millions d’euros destiné à appuyer le Projet de renforcement des réseaux de transport et de distribution d’électricité (PRETD) en Côte d’Ivoire.AfDB approves US $10-million equity investment in TIDE Africa Fund
16-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a US $10-million equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa.AfDB approves US $17-million Food Assistance for Malawi
16-Nov-2016 - The African Development Bank (AfDB) Group Board of Directors has approved a US $17 million (about MK 12.2 billion) Food Crisis Response Budget Support Programme grant for Malawi. The Programme will support Malawi Government’s Emergency Response Plan to mitigate the current food crisis through the purchase of maize for distribution to vulnerable households.AfDB rolls out its Feed Africa strategy in Southern Africa
11-Nov-2016 - The Department for Agriculture and Agro-industry (OSAN) of the African Development Bank Group (AfDB), on November 8, 2016 in Lusaka, Zambia, organized the Southern Africa Region implementation engagement workshop. The objective of this regional workshop was to gain support from stakeholders in the Southern Africa Region by engaging participants on the Bank’s Feed Africa strategy.