Press Releases

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Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures

02-Aug-2019 - 02-Aug-2019 - Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires. Sélectionnée après un processus compétitif de candidature en ligne, la centaine de participantes a eu l’opportunité de se familiariser avec les meilleures pratiques en matière de...

Maroc : La Banque africaine de développement renforce son engagement avec la Société civile d’Afrique du Nord

02-Aug-2019 - 02-Aug-2019 - Abidjan, Côte d’Ivoire, le 25 juillet 2019 - La Banque africaine de développement (BAD) a organisé à Marrakech, du 25 au 28 juillet 2019, la deuxième Université d’été des jeunes leaders de la Société civile africaine sur le thème « Jeunes, innovation et développement en Afrique ». L’événement était porté par la Division société civile et engagement communautaire de la Banque, en collaboration avec le Centre de développement de la Région de Tensift (CDRT) au Maroc, qui fait office de point focal Afrique du Nord du Comité BAD-...

Liberia President George Weah moots new agricultural bank to revolutionise economy

26-Jul-2019 - 26-Jul-2019 - Monrovia, Liberia, 26 July 2019 : Liberian President George Weah has supported calls for agriculture to play a larger role in his country’s economy. Speaking on 25th July 2019 at a donor meeting with African Development Bank President, Akinwumi Adesina, Weah said his government was contemplating the establishment of an agricultural bank. Adesina was quick to advise that such a bank should be called an “agribusiness” bank to acknowledge the economic benefits of the transition from primary production to industrial marketing....

African Development Bank helps to modernise South Sudan’s financial systems

26-Jul-2019 - 26-Jul-2019 - The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development Strategy 2018-2021; the latter confirms the need to restore and maintain economic infrastructure.  The objective of the project is to modernise the...

Tripartite Signing Ceremony of the African Development Bank-funded Project: Greater Banjul Area: Sustainable Urban Development Programme 2020-40 (GBA-SUDP)

26-Jul-2019 - 26-Jul-2019 - The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency of the three municipalities (Banjul, Kanifing and Brikama), and also provide support to the Banjul port expansion. The Greater Banjul Area:...

Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth

26-Jul-2019 - 26-Jul-2019 - Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition. African Development Bank President Akinwumi Adesina is participating in a panel discussion at the event, alongside Rwandan President Paul...

Bank and partners prioritise the African Education Fund

25-Jul-2019 - 25-Jul-2019 - The African Development Bank, the Association for the Development of Education in Africa and the African Union are recommending the establishment of the African Education Fund as the unique African mechanism to address the challenges of education and skills development in Africa. A  joint declaration in support of the African Education Fund was produced after a workshop organised in Abidjan 16 -17 July, 2019 “The African Education Fund is a vision many education stakeholders in Africa have had but could not put into practice. It...

African Development Bank welcomes Fitch’s affirmation of AAA Rating: Driven by extraordinary shareholder support

25-Jul-2019 - 25-Jul-2019 -   The Fitch rating, of the African Development Bank, published 24th July in London, is affirmed as AAA, with a stable outlook, on improved assessments, qualifications and estimates. The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years. Fitch Ratings is one of the leading global providers of credit ratings, commentary and research. The agency upgraded the intrinsic assessment to 'aa' from the...

La Banque africaine de développement et Paris Europlace signent un accord pour mieux mobiliser des ressources en faveur des marchés financiers africains

24-Jul-2019 - 24-Jul-2019 - La Banque africaine de développement (BAD) et Paris Europlace ont signé un accord de coopération le 08 juillet à Paris, pour le lancement de plusieurs initiatives structurantes avec trois objectifs. D’abord accompagner le développement des marchés de capitaux, au service du financement des économies et des entreprises en Afrique ; ensuite soutenir le développement de la finance digitale en Afrique, moteur de développement de la finance africaine pour les années à venir ; et enfin accompagner le développement de compétences et de...

Africa Investment Forum 2019 : présentation à Casablanca

24-Jul-2019 - 24-Jul-2019 - La Banque africaine de développement a organisé, le 23 juillet à Casablanca, une présentation de l’Africa Investment Forum 2019, en partenariat avec Africa50 et la Banque européenne de reconstruction et de développement. Cette rencontre avait pour objectif de mobiliser les investisseurs publics et privés afin de mettre en place un pipeline de projets solvables en amont de la 2ème édition de l’Africa Investment Forum, qui se tiendra du 11 au 13 novembre prochains à Johannesbourg, en Afrique du Sud. Casablanca était la première...

Integrating Africa’s financial markets: African Development Bank and Egypt’s Stock Exchange hold investor roundtable for the African Domestic Bond Fund

24-Jul-2019 - 24-Jul-2019 - The Egyptian Exchange (EGX) and the African Development Bank have jointly organised an investor roundtable in Cairo to promote the African Domestic Bond Fund (ADBF), set up to improve the liquidity and transparency of African local currency bond markets – a key step in expanding the continent’s capital markets, with Egypt playing a leading role.   The event held 21-22 July, was well attended by a wide range of financial groups including representatives of the Egyptian asset management and investment industry such as the Egyptian...

Guinea: Bank’s new Conakry office is “a crucial step in the cooperation between the Republic of Guinea and the African Development Bank.”

24-Jul-2019 - 24-Jul-2019 - African Development Bank Group President Dr. Akinwumi Adesina (left) and Republic of Guinea President Alpha Condé (center) officially inaugurate the Conakry country office during a ribbon cutting ceremony, on July 24, 2019.   On Tuesday, 23 July 2019 in Conakry, Guinean Head of State Alpha Condé and President of the African Development Bank Group Dr. Akinwumi A. Adesina officially opened the new Country Office for Guinea. "The opening of the country office is a crucial step in the cooperation between the Republic of Guinea and...