Press Releases
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The African Development Bank Group appoints Khaled Sherif as Vice-President, Regional Development, Integration and Business Delivery
24-Oct-2016 - The African Development Bank is pleased to announce the appointment of Khaled Sherif as Vice-President, Regional Development, Integration and Business Delivery, with effect from 1st November 2016. He will join the Senior Management Team of the Bank.
The African Development Bank Group appoints Amadou Hott as Vice-President, Power, Energy, Climate and Green Growth
24-Oct-2016 - The African Development Bank is pleased to announce the appointment of Amadou Hott as Vice-President, Power, Energy, Climate and Green Growth with effect from 1st November 2016. He will join the Senior Management Team of the Bank.AfDB issues 1% US $1 Billion Global Benchmark due 2 November 2018
24-Oct-2016 - On Wednesday, October 19, 2016, the African Development Bank, rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new US $1-billion 2-year Global benchmark transaction due 2 November 2018. The new 2-year issue is AfDB’s fifth USD Global benchmark transaction in 2016 and is also its first 2-year US dollar benchmark transaction this year. BNP Paribas, Goldman Sachs International, Nomura and TD Securities were mandated as joint-lead managers on the transaction.AfDB invests US $20 million in Rx Healthcare Fund for quality healthcare delivery in Africa
21-Oct-2016 - The Board of the African Development Bank (AfDB) has approved a US $20-million equity investment in Rx Healthcare Fund (RxHF) to help improve healthcare delivery across the continent.
Côte d’Ivoire and AfDB launch key economic diversification project
21-Oct-2016 - The African Development Bank Group and the Ivorian Government launched a major project aimed at diversifying the country’s economy on October 18 in Abidjan. The Support to Industrial Sector Competitiveness Enhancement Project (PARCSI) will help increase the contribution of the industrial sector to GDP from 22% in 2014 to 40% in 2019.
Habitat III: Multilateral Development Banks collaborate to support ‘New Urban Agenda’
20-Oct-2016 - In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the Agenda’s words into action by issuing a “Joint Statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.
La BAD octroie 28,5 milliards FCFA au Sénégal pour appuyer les réformes en matière de développement local
20-Oct-2016 - Le président du Groupe de la Banque africaine de développement (BAD), Akinwumi Adesina et le ministre sénégalais de l’Economie, des Finances et du Plan, Amadou Ba , ont signé le 19 octobre à Abidjan, un accord de prêt d’un montant de 28,5 milliards FCFA destiné à appuyer la première phase du Programme d’appui aux réformes du développement local (PARDL-1).
La BAD accorde une ligne de crédit de 60 millions d’Euros pour financer le commerce en Tunisie
20-Oct-2016 - Le Conseil d'administration de la Banque africaine de développement (BAD) a approuvé, le 19 Octobre 2016 à Abidjan, une ligne de crédit de 60 millions d’Euros en faveur de la Banque de l’Habitat (BH) de Tunisie. Cette facilité aidera la BH à renforcer ses activités de financement du commerce international pour les petites et moyennes entreprises.
“If youth is our future, then we are already behind schedule,” AfDB President tells West African Ministerial Conference on Youth Employment in Africa
19-Oct-2016 - Africa’s youth are the future. We must invest in them for the good of society and for the benefit of the continent. These were among the messages delivered Tuesday, during a high-level conference on Youth Employment in Africa, organized by the African Development Bank at its headquarters in Abidjan.AfDB approves US $40-million corporate loan for Afe Babalola University (ABUAD)
19-Oct-2016 - The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year US $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. The project will make ABUAD a centre of excellence for tertiary education in Africa, expanding access to high-quality education to over 10,000 students per year.
African Leaders for Nutrition: The AfDB plays a greater role in promoting nutrition accountability and grey matter infrastructure
18-Oct-2016 - Akinwumi Adesina, President of the African Development Bank, and John Kufuor, former President of Ghana and Co-chair of the Global Panel on Agriculture and Food Systems for Nutrition, hosted the first official meeting of the African Leaders for Nutrition on Monday, October 17 in Abidjan.African Water Facility turns waste management into strategic input for local production value chain in Ethiopia
14-Oct-2016 - The African Water Facility (AWF) held a three-day event from September 28 to 30, 2016 to launch the Improved Sanitation Value Chain (ISVC) project, which aims to serve the urban poor in Arba Minch Town, one of the major cities of Southern Ethiopia. The AWF €1.5-million grant to the ISVC project will contribute to improve sanitation and faecal waste management for more than 21,000 Arba Minch citizens while boosting the local businesses and agricultural production with the provision of eco-friendly and affordable fertilisers.
World Food Day: Adapting Africa’s agriculture to the exigencies of climate change
14-Oct-2016 - This World Food Day, Sunday, October 16, 2016, will mark the 71st anniversary of the creation of the UN Food and Agricultural Organization (FAO) whose primary objective is to free humanity from hunger and malnutrition. Focusing on “Climate is changing. Food and agriculture must too,” the theme resonates with the next UN Climate Change Conference, COP22, which takes place November 7-18, 2016 in Marrakech, Morocco.
ADEA and JICA support quality science and mathematics education in Africa
13-Oct-2016 - “Probing and thinking critically is what will make Africa a continent of the 21st century... inculcating skills at an early age is the key, says Shem Bodo, Senior Programs Officer with the Association for the Development of Education in Africa (ADEA). Bodo made the statement on the 30th of September 2016 in Nairobi (Kenya) at the closing ceremony of a two-week Third Country Training Programme (TCTP) on “Use of inquiry-based learning and peer lesson evaluation to improve quality of teaching and learning of mathematics and science.”
AfDB approves 570 million rand loan to finance affordable housing in South Africa
12-Oct-2016 - The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust 2 -HIP2), also known as Vulumnyango Trust, to help finance affordable housing programmes in the country. The loan will help improve access to long-term affordable housing finance to South Africa’s lower-middle income earners currently with limited opportunities to access affordable mortgages.
AfDB to launch an Africa Investment Forum
10-Oct-2016 - The Board of the African Development Bank (AfDB) has approved the institution’s proposal to launch an ‘Africa Investment Forum (AIF)’—a meeting place for investors interested in Africa. The AIF will showcase bankable projects, attract financing, and provide platforms for investing across multiple countries. It will also serve as a unique forum for international business and social impact investors looking to transact and deploy funds in Africa and act as an avenue for connecting investors with both public and private sector projects...AfDB launches a Green Mini-Grid Help Desk to support project developers deliver energy access in rural areas
06-Oct-2016 - The AfDB-hosted Sustainable Energy for All (SE4All) Africa Hub launched a Green Mini-Grid Help Desk for renewable energy mini-grid project developers during the 3rd International Off-Grid Renewable Energy Conference (IOREC) on October 1st in Nairobi.AfDB approves US$ 22 million to finance Youth Agribusiness project in Malawi
05-Oct-2016 - The African Development Bank (AfDB) has approved a US$22.33 million concessional loan to the Republic of Malawi to finance the country’s Agricultural Infrastructure and Youth in Agribusiness Project. The project will develop two large scale irrigation schemes at Linga (Nkhata-Bay) and Dwambazi (Nkhotakota) in the central region of the country. It covers 1,945 hectares and targets 10,000 beneficiaries with special focus on the youth who constitute about 50% of the beneficiaries.
The renewable energy sector and youth employment in the Maghreb
05-Oct-2016 - “Despite transition contexts, negative impacts of the global economic and financial crises, and important socio-economic pressures, the Maghreb countries should maintain their ambitious objectives of increasing the share of renewable energy in the energy mix.