Displaying 51 - 100 of 4039
Côte d’Ivoire : la Banque africaine de développement lance un rapport de diagnostic pays inédit sur le financement à long terme.18-Feb-2020 - La Banque africaine de développement a lancé, vendredi 14 février à Abidjan, un rapport de diagnostic pays inédit sur le financement à long terme de la Côte d'Ivoire. Ce rapport, premier du genre réalisé en Afrique, a été élaboré par la Banque en collaboration avec l’Initiative pour le renforcement du secteur financier en Afrique (« Financial Sector Deepening Initiative in Africa », FSD Africa), la coopération allemande (GIZ) et le partenariat « La finance au service de l’Afrique » (« Making Finance Work for Africa » MFW4A).
Sénégal : les administrateurs de la Banque africaine de développement veulent évaluer les impacts des projets financés par la Banque17-Feb-2020 - Les administrateurs du Groupe de la Banque africaine de développement conduisent une mission de consultation du 17 au 21 février au Sénégal, ponctuée, ce lundi, par des réunions dans cinq ministères et des visites dans des structures de projets.
République démocratique du Congo : Bientôt de l’eau potable pour la ville de Mbuji-Mayi, grâce à la Banque africaine de développement13-Feb-2020 - le Premier ministre de la République démocratique du Congo (RDC), Sylvestre Ilunga Ilunkamba a procédé au lancement des travaux de réhabilitation et de modernisation du système de production et de distribution d’eau potable de la ville de Mbuji-Mayi, dans le Kasaï-Oriental, financés par la Banque africaine de développement.
13-Feb-2020 - In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank, have a tendency to lend too quickly and in the process, add to the continent’s debt problems. This statement is inaccurate and not fact based. It impugns the integrity of the African Development Bank, undermines our governance systems, and incorrectly insinuates that we operate under different standards from the World Bank. The very notion goes against the spirit of...
AFAWA Initiative: French delegation follows through its commitment with working visit to African Development Bank headquarters12-Feb-2020 - A delegation from the French government, led by Philippe Lacoste, director of sustainable development at the Ministry of Foreign Affairs, paid a working visit to African Development Bank headquarters in Abidjan on February 13 and 14.
12-Feb-2020 - The African Development Bank has released a $1 million grant to Uganda to help the East African country tackle an outbreak of the Ebola virus. The grant to support Uganda’s National Ebola Viral Disease (EVD) Preparedness and Response Plan, was approved in January. Funds have been disbursed through the World Health Organization (WHO), which is the implementing agency.
Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security10-Feb-2020 - Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.
09-Feb-2020 - The African Development Bank, the United Nations, and the African Union on Saturday acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation. The call was made on Saturday at the launch of the first report on the implementation of Agenda 2063 ahead of the 33rd African Union Summit in Addis Ababa. The report provides an assessment of the progress and performance of Africa’s development between 2013 and 2019.
09-Feb-2020 - African countries have made progress toward eradicating malnutrition and stunting but need to do more to hit United Nations malnutrition targets by 2025. This was the main message of a meeting that took place during the 33rd African Union Summit. Speakers at a meeting of the African Leaders for Nutrition (ALN) included the heads of state of Madagascar, Cote d’Ivoire and Sierra Leone, national ministers of health as well as African Development Bank President Akinwumi Adesina, head of the African Development Bank.
La Banque africaine de développement réaffirme son plein soutien à la Commission du bassin du lac Tchad07-Feb-2020 - La Banque africaine de développement a réaffirmé, mardi 4 février à Abidjan, son plein soutien à la Commission du bassin du lac Tchad (CBLT), qui regroupe le Cameroun, le Niger, le Nigeria et le Tchad, confrontés à la menace du groupe djihadiste Boko Haram.
‘A blueprint to address the continent’s human capacity gap.’ African Development Bank’s African Economic Outlook 2020 lauded at 33rd AU Summit07-Feb-2020 - The African Development Bank’s African Economic Outlook 2020 was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing the continent’s human capacity gap.
07-Feb-2020 - The president of the African Development Bank Akinwumi Adesina is expected in the Ethiopian capital for the African Union’s 33rd Assembly of Heads of State and Government. The summit runs from 8-10 February 2020 under the theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development.
Mali : Lancement officiel du Programme de développement et d’adaptation au changement climatique dans le Bassin du fleuve Niger06-Feb-2020 - La Banque africaine de développement, le Gouvernement du Mali et l’Autorité du bassin du fleuve Niger (ABN) ont lancé, mardi 04 février 2020, à Bamako, le Programme intégré de développement et d’adaptation au changement climatique dans le Bassin du fleuve Niger (PIDACC/BN).
African Development Fund approves close to $35 million to the Government of Liberia for renewable energy04-Feb-2020 - The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
Provide young people with new skills to meet the needs of a 21st century labor market, African Development Bank report urges03-Feb-2020 - "Youth must be prepared for the jobs of the future – not the jobs of the past," African Development Bank President Akinwumi Adesina said on Thursday at the launch of the Bank's flagship African Economic Outlook.
03-Feb-2020 - Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report on Thursday.
“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch31-Jan-2020 - African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s more of cram work in our educational system than actually getting us to think out of the box,” said Monique Ntumngia, Cameroonian founder of “Green Girls, a social business that educates young women from rural communities in the use of renewable energy.
30-Jan-2020 - Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) revealed Thursday. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa – whose joint growth was an average rate of 3.1 percent, compared with the average of 4.0 percent for the rest of the continent.
Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs29-Jan-2020 - The Board of Directors of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of the $22 million from the Africa Growing Together Fund (AGTF), a co-financing fund, established with the People’s Bank of China.
‘Agriculture is the most important business in the world,’ African Development Bank President Akinwumi Adesina tells students29-Jan-2020 - African Development Bank President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s work in agriculture and food security across the continent.
Africa Fertilizer Financing Mechanism Governing Council calls for more investments in Africa’s fertilizer value chain28-Jan-2020 - The Africa Fertilizer Financing Mechanism’s Governing Council closed its eighth meeting with a call for increased investment to boost agricultural yields and build the industry across the continent.
28-Jan-2020 - The United Kingdom is the top donor to the African Development Fund (ADF), the Bank’s concessional lending arm for its next three-year cycle, ADF-15 (2020 – 2022), a position it has held for the last three replenishments.
La Banque africaine de développement évalue son action en République de Guinée (Conakry) et présente ses perspectives pour 202028-Jan-2020 - QUOI ? Conférence de presse sur le bilan des activités 2019 et les perspectives 2020 QUI ? La Banque africaine de développement QUAND ? Mercredi 19 février 2020 à 9h OÙ ? Bureau Pays Guinée – Cité des Nations, Villas n°3 et n°4, Boulbinet, Kaloum.
27-Jan-2020 - The African Development Bank held talks with International Committee of the Red Cross (ICRC) Vice-President Gilles Carbonnier at the Bank’s headquarters in Abidjan on furthering their shared development goals. The main purpose of the meeting, held on 20 January, was to discuss collaboration between the institutions and share the progress made since the signing of a Bank-ICRC memorandum of understanding to explore partnership opportunities.
23-Jan-2020 - The Board of the African Development Fund (ADF) on Wednesday approved a $685,000 grant to strengthen Zimbabwe’s capacity to manage disaster risks, including droughts, floods and tropical cyclones, through the Bank’s Africa Disaster Risk Financing (ADRiFi) programme.
23-Jan-2020 - Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank to open markets for trading at London Stock Exchange on Wednesday 22 January. The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place for accelerating investment into the continent is playing a valuable role in convening investors and corporates and removing the bottlenecks to investments and enabling a free flow of long-term capital.
Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors21-Jan-2020 - Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said. The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa...
21-Jan-2020 - The Africa Climate Change Fund (ACCF) recently approved seven new project proposals amounting to around $4.7 million.
20-Jan-2020 - UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership between the UK and Africa.
African Development Bank's Akinwumi Adesina heads to UK-Africa investment summit: Revitalizing economic ties top of agenda17-Jan-2020 - New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th. African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’
16-Jan-2020 - The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe. The agreement was signed at the Bank’s headquarters in Abidjan, Côte d'Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development, integration and service delivery. The Bank approved the budgetary support to São Tomé and Principe on 8 January 2020 under its programme to support economic reform and...
République démocratique du Congo : la Banque africaine de développement discute avec le gouvernement du développement rapide du site Inga et du lancement de Inga 315-Jan-2020 - « Nous venons pour réaffirmer notre partenariat avec la Banque africaine de développement et son leadership dans la mise en œuvre effective et rapide du projet Inga 3 », a déclaré, lundi 13 janvier à Abidjan, Sele Yalaghuli, ministre des Finances de la République démocratique du Congo (RDC).
African Development Fund Board approves $37.2 million in credit risk participations by the Private Sector Credit Enhancement Facility for non-sovereign operations in Kenya, Sudan and Senegal15-Jan-2020 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on January 15, 2020, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) for projects in Kenya, Sudan and Senegal. The agreement covers operations cumulatively valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion, and two lines of credit targeting SME borrowers.
15-Jan-2020 - The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues. The Bank’s Regional Development, Integration and Business Delivery Complex approved the first-of its kind grant from the Transitional Support Facility for the project on Financial Modelling for the Extractive Sector (FIMES) in December. The project will be implemented in Africa’s transitional countries from 2020 to 2022.
13-Jan-2020 - The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms.
African Development Bank signs five-year agreement to use International Federation of Consulting Engineer (FIDIC) standard contracts13-Jan-2020 - The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years.
African Development Bank approves €8 million technical assistance grant to support preparation of Ruzizi IV Hydro Power Project in the Great Lakes region13-Jan-2020 - The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity to the DRC, Burundi and Rwanda.
African Development Bank sponsored Off-Grid Energy Access Fund reaches final equity close with partner contributions10-Jan-2020 - The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.
African Development Bank approves $20 million investment in Metier Fund to support renewable energy in Sub-Saharan Africa07-Jan-2020 - The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa.
La Banque africaine de développement octroie un don de 976000 euros pour le Projet d’appui au démarrage du marché financier unifié d’Afrique centrale02-Jan-2020 - Le Gouverneur de la Banque des Etats de l’Afrique Centrale (BEAC), Abbas Mahamat Tolli et le Responsable-Pays du Groupe de la Banque africaine de développement (BAD) au Cameroun, Solomane Koné, ont procédé le 21 décembre 2019 à Douala, au Cameroun, à la signature
La Banque africaine de développement et le Cameroun signent un Accord de prêt de 80,4 millions d’euros au titre de la Phase III du Programme d’appui à la compétitivité et la croissance économique27-Dec-2019 - Le Ministre de l’Economie, de la Planification et de l’Aménagement du Territoire, Gouverneur du Groupe de la Banque africaine de développement pour le Cameroun, Alamine Ousmane Mey et le Responsable-Pays de la Banque africaine de développement au Cameroun, Solomane Kone, ont procédé, le 19 décembre 2019 à Yaoundé, à la signature d’un accord de prêt pour le financement de la troisième phase du Programme d’appui à la compétitivité et la croissance économique (PACCE III), en présence du Ministre camerounais des Finances, Louis-Paul Motaze.
Funding options for African countries hit by climate change: Africa Climate Change Fund shows results23-Dec-2019 - The debate around climate change often focuses on the targets that need to be achieved. Another aspect of the discussion is increasingly gaining attention; that is the funding required, for African countries in particular, where climate change has hit the hardest. The Africa Climate Change Fund (ACCF) recently convened an event titled “Supporting African countries to unlock and absorb climate adaptation finance” at the 25th edition of the Conference of the Parties (COP 25) in Madrid, Spain.
‘Let West Africa’s success echo throughout the world.’ ECOWAS hails the success of African Development Bank investments in the region23-Dec-2019 - The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said the Bank had provided “invaluable technical and financial interventions…in the implementation of numerous projects and programmes”.
23-Dec-2019 - The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution. The decision was announced at the end of the fifty-sixth ordinary session of the Authority of Heads of State and Government of ECOWAS, held on Saturday in Abuja, Nigeria.
Tanzania: African Development Bank’s $55 million facility to jumpstart private sector-led economic growth23-Dec-2019 - The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor and vulnerable, and including women and youth.
Global Gender Summit 2019: Climate investment funds can cushion women from adverse effects of climate change23-Dec-2019 - Gender-sensitive climate action can help reduce women’s vulnerability to climate change, according to experts. The topic arose during the Global Gender Summit in Kigali, hosted by the African Development Bank and the government of Rwanda. Panelists discussed gender and social risk management, livelihood diversification and institutional strengthening, at a session entitled “Gender responsive climate action: experience from the Climate Investment Funds,” held on 26 November.
Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation23-Dec-2019 - The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of maintenance and repair workshops for the pumps, and the supply of equipment for a pump testing laboratory to provide certification and training.
Cameroun : la Banque africaine de développement soutient la phase 3 de la Ring Road pour près de 180 millions d’euros21-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 18 décembre 2019, un prêt de 255 millions d’euros pour le financement du « Programme d’appui au transport- phase 3 – construction de la Ring Road- tranche 2 du financement Bad ». La Ring-Road couvre environ 365 km et traverse cinq des sept départements de la Région du Nord-ouest. La route comprend également plusieurs raccordements à la frontière nigériane, notamment à partir de Misaje.
Getting onboard: A new highway along the Nigeria-Cameroon border is helping women commuters and villagers all around20-Dec-2019 - Women commuters along the Nigeria-Cameroon border are breathing a sigh of relief. Before the construction of a cross-border road in the southeast of Nigeria and northwestern Cameroon, women struggled to get seats on public transport; drivers favored male passengers because they could help push stuck vehicles out of the mud. The Enugu-Bamenda Highway has put a stop to this gender discrimination and changed the lives of those on either side of the border in other ways too.
20-Dec-2019 - The year 2019 was a year of exciting firsts for the African Development Bank Group. The year was marked by innovation and several new milestones that brought us closer to the “Africa we want.” The Bank pushed its High 5 strategy forward in tandem with the African Union’s Agenda 2063 and the UN’s Sustainable Development Goals.