Press Releases
Displaying 2961 - 2980 of 5337
African Economic Outlook 2016 launched in Nigeria
04-Aug-2016 - The 2016 African Economic Outlook (AEO) was launched by the Nigeria Country Office of the African Development Bank at an outreach event held at the Ahmadu Bello University in Zaria. The theme of the 2016 AEO is Sustainable Cities and Structural Transformation. The report looks closely at Africa’s distinctive pathways towards urbanisation, and how this is increasingly shifting economic resources to more productive activities.AfDB makes USD 9 million equity investment in Fund for Agricultural Finance in Nigeria
04-Aug-2016 - The African Development Bank has approved a USD 9 million equity investment (approximately 12% of the fund’s capitalisation) in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs).
ADEA 2017 Triennale: Regional consultation for North Africa underscores importance of Science, Mathematics, and ICT in Africa
03-Aug-2016 - In the lead-up to the 2017 Triennale of the Association for the Development of Education in Africa (ADEA), the Kingdom of Morocco hosted the third regional consultation for the North Africa region on July 13-14 in Rabat. The consultation meeting was part of the framework of preparations for the 2017 Triennale, after regional consultations for Central and West Africa were held respectively on May 30-31 in Gabon and on June 13-14 in Dakar, Senegal.
AfDB stands by South Sudan and approves €6-million grant for Resilient Water Project for Improved Livelihoods in Juba
02-Aug-2016 - The livelihoods of some 230,000 people in Juba, South Sudan, will be improved thanks to a key water project approved on July 14, 2016 by the Board of Directors of the African Development Bank Group (AfDB) in the form of a grant of €6.3 million. The project will also strengthen efficient utility operations, private sector participation and women’s empowerment.SEFA grants US $1 million to promote green mini-grids in Niger
02-Aug-2016 - In July 2016, the Republic of Niger was awarded a US $994,270 grant from the African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) to promote green mini-grids (GMGs) and pave the way for private investments in this sub-sector.African Water Facility: Boosting hydropower and irrigation in Tanzania
02-Aug-2016 - Tanzania is expected to benefit from a boost in hydropower generation and irrigation development thanks to a new study financed by the African Water Facility (AWF). This €2-million grant will help the government of Tanzania launch the pre-feasibility study of a multipurpose dam, irrigation and hydropower project in Kikonge (southwest).
Poverty and inequality reduction has remained less responsive to growth successes across the continent, says AfDB African Development Report 2015
26-Jul-2016 - African economies have grown substantially over the past decade, but poverty and inequality reduction has remained less responsive to growth successes across the continent, says the 2015 edition of the African Development Bank (AfDB)'s African Development Report, that was officially launched on 26 July 2016 at the Bank's headquarters in Abidjan, Côte d’Ivoire by the AfDB President Akinwumi Adesina, represented by Kapil KaMauritanie - La BAD soutient les PME avec 7 millions de dollars
26-Jul-2016 - Par le biais de son guichet du secteur privé, le Conseil des gouverneurs du Groupe de la Banque africaine de développement (BAD) a approuvé, le 20 mai 2016, l’octroi d’une ligne de crédit d’un montant équivalant à 7 millions de dollars EU et d’une maturité de 5 ans, à la Banque Populaire de Mauritanie (BPM).African Development Bank supports Employability and Entrepreneurship in Rwanda with USD 50 million
26-Jul-2016 - Kigali, Rwanda: On 25 July 2016, the African Development Bank and the Government of Rwanda signed a financing agreement amounting to UA35.9 million (USD 50.200 million) to finance the third phrase of the Skills, Employability and Entrepreneurship Programme III (SEEP III).Board approves AfDB Group’s Industrialisation Strategy for Africa 2016-2025 - A road map for scaling up Africa’s economic transformation
25-Jul-2016 - Africa’s industrialization agenda, one of the Bank Group’s top priorities for the continent’s economic transformation, received a boost this week with the approval of the Bank Group’s Industrialisation Strategy for Africa 2016-2025.
Africa50 to mobilise USD 1 billion for infrastructure projects in Africa
23-Jul-2016 - Africa50 held on 21 July 2016 its first Annual General Meeting (AGM) following its historic Constitutive General Assembly which took place in July 2015 and where twenty (20) African countries and the African Development Bank subscribed to a total of USD 830 million in its initial share capital. The AGM saw the participation of African governments and central banks with delegates discussing the progress to date and future prospects of the Fund as well as approving the audited financial statements over the first 5 months of operations from 29 ...
Maroc - Centrale solaire Noor à Ouarzazate : «un modèle pour d’autres pays africains»
23-Jul-2016 - Le président de la Banque africaine de développement (BAD), Akinwumi A. Adesina, a effectué le 22 juillet 2016 une visite du projet Noor à Ouarzazate, la plus grande centrale thermo-solaire à concentration au monde.Capacity building workshop on negotiating natural resources contracts
22-Jul-2016 - Negotiations require preparation and there should be a structured process on how to approach negotiations, emphasized the African Natural Resources Center (ANRC) Director, Sheila Khama. Addressing a cross-section of natural resources experts at a seminar convened jointly with the African Legal Support Facility (ALSF) on 19 July 2016 in Abidjan, Cote d’Ivoire, the aim was to draw attention to the complexity of contract negotiations and dialogue on the importance of good governance in negotiations between African countries and investors.
AfDB and Morocco, a model of partnership for nearly half a century
22-Jul-2016 - The day after his arrival in the Kingdom on his first official visit as president of the African Development Bank (AfDB), Akinwumi Adesina attended many high level meetings with the Moroccan authorities in Rabat on Wednesday 20 July. He was accompanied by a delegation that included Executive Director representing Morocco, Tunisia and Togo, Abdelmajid Mellouki, Resident Representative in Morocco, Yacine Fal, AfDB Acting Vice President responsible for operations, Janvier Litse, and Vice President responsible for finance, Charles Boamah.AfDB issues 1.250% USD 1 Billion Global Benchmark due 26 July 2021
22-Jul-2016 - On Tuesday, July 19, 2016, the African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new USD 1 billion 5-year Global benchmark transaction due 26 July 2021.
FAWE-ADEA competition rewards efforts to promote girls’ education in Africa
21-Jul-2016 - An award ceremony for top significant change stories following a competition to identify innovative projects that have contributed to advancing girls’ education in Africa was held in Nairobi recently. The July 7, 2016 event was organised by the Forum for African Women Educationalists (FAWE) in partnership with the Association for the Development of Education in Africa (ADEA). The three most innovative stories were selected based on the criteria of access to education, retention and performance.
More Funding Needed to Achieve Water and Sanitation Sustainable Development Goal
21-Jul-2016 - “Water and sanitation will remain one of the key development challenges facing African communities and nations, with direct impacts on economic growth,” warned the African Development Bank (AfDB) at the ongoing 6th Africa Water Week (AWW6), holding in Dar es Salam, Tanzania, from 18-22 July 2016.Nigeria National Council on Power adopts the Sustainable Energy for All Action Agenda
20-Jul-2016 - The Nigeria National Council of Power (NACOP) has adopted the country’s Sustainable Energy for All (SE4All) Action Agenda during its 2nd edition that took place in Kaduna City from 11 to 15 July 2016.