Press Releases

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Burundi : la Banque africaine de développement et le gouvernement signent deux accords de 29,7 millions d’euros de dons pour le secteur de l’énergie, sur les ressources mobilisées auprès de l’Union européenne.

20-Dec-2019 - Bujumbura (Burundi), le 20 décembre 2019 – La Banque africaine de développement et le gouvernement burundais ont signé, ce vendredi à Bujumbura, capitale économique du Burundi, deux accords de dons sur les ressources mobilisées auprès de l’Union européenne en faveur du secteur de l’énergie du pays.

Gabon : la Banque africaine de développement accorde un prêt de 140 millions d’euros pour le développement des infrastructures

20-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jeudi à Abidjan, un prêt de 140 millions d’euros destiné à financer la phase 1 du projet d’appui au secteur des infrastructures (PASIG) au Gabon.

Togo : la Banque africaine de développement et l’Union européenne apportent 12 millions d’euros pour l’électrification des zones rurales

19-Dec-2019 - La Banque africaine de développement, l’Union européenne et le gouvernement togolais ont signé un accord de quelque 12 millions d’euros, mardi 17 décembre à Lomé, dans le cadre du projet d’appui au volet social du programme CIZO d’électrification rurale du Togo (PRAVOST).

Tanzania: African Development Bank lends $272 million for construction of Msalato International Airport

19-Dec-2019 - The Board of Directors of the African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. The funding package, approved on Wednesday, comprises a $198.6 million loan from the Bank,  $23.52 million from the African Development Fund (ADF) and $50 million in co-financing with the Africa Growing Together Fund (AGTF) — a co-financing facility of the People’s Republic of China managed by the Bank. The new airport will be built in the district of Msalato, 12...

Sénégal : la Banque africaine de développement soutient pour 43,1 millions d’euros le Projet agropole Sud en Casamance

19-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé 43,1 millions d’euros en faveur du Projet de zone de transformation agro-industrielle (PZTA-Sud ou Agropole Sud). Le projet Agropole Sud est situé dans la région naturelle de Casamance (Ziguinchor, Sédhiou et Kolda), au Sud du Sénégal et qui recèle d’importantes potentialités agro-industrielles.  

Sudan: African Development Bank approves $60 million loan to support Elnefeidi Group’s agricultural expansion

19-Dec-2019 - The African Development Bank’s Board of Directors has approved a $60m loan to Elnefeidi Group Holding Company to help finance its long-term agriculture and food expansion programme.

Maroc : la Banque africaine de développement mobilise 220 millions de dollars pour soutenir la compétitivité industrielle des régions

19-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce mercredi, un financement de 220 millions de dollars américains destiné à mettre en œuvre un programme axé sur les résultats pour l’amélioration de la compétitivité territoriale au Maroc. Le programme vise à faire émerger les territoires en tant que nouveaux pôles industriels compétitifs pour attirer plus d’investisseurs privés et générer de nouveaux emplois. Cette nouvelle dynamique vient en soutien des efforts du Maroc dans la déclinaison régionale de son plan...

Maroc : la Banque africaine de développement mobilise plus de 200 millions de dollars pour renforcer et élargir la protection sociale

18-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jour, un financement de 204 millions de dollars américains en faveur du programme d’appui à l’amélioration de la protection sociale au Maroc. Le programme a pour premier objectif d’élargir la protection sociale dans le Royaume, en particulier aux personnes en situation de handicap, aux enfants et aux femmes vulnérables. Il vise également à favoriser une approche régionale de développement des politiques sociales, plus intégrée et plus inclusive.

Côte d’Ivoire : la Banque africaine de développement accorde un prêt de 112 millions d’euros pour renforcer le programme social du gouvernement.

18-Dec-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, ce lundi, un prêt de 112,09 millions d’euros à la Côte d’Ivoire destiné à financer le Projet d’appui au programme social du gouvernement (PA-PS Gouv). Ce projet a pour objectif de pérenniser les actions du plan national de développement (PND) de la Côte d’Ivoire, qui a permis de baisser le taux de pauvreté de 51 à 46,3% entre 2011 et 2015.  

Tunisie : signature de deux accords de financement mobilisant 238 millions d’euros pour moderniser les infrastructures électriques et soutenir les PMEs

18-Dec-2019 - La directrice générale adjointe de la Banque africaine de développement pour l’Afrique du nord, Yacine Diama Fal et le ministre tunisien des Finances et ministre par intérim du Développement, de l’investissement et de la coopération internationale, Ridha Chalghoum, ont signé, mardi, deux accords de financement dans les secteurs énergetique et financier, pour un montant total de 238 millions d’euros.  

Multilateral Development Banks pledge to step up support for forcibly displaced populations at Global Refugee Forum

18-Dec-2019 - Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of sectors and policy instruments. The pledges were made by the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank, the Islamic Development Bank and the World Bank Group. 

La Banque africaine de développement accorde un prêt de 56 millions de dollars pour financer les accès routiers au pont entre les deux Congo

17-Dec-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, ce lundi, un prêt de 56 millions de dollars américains du Fonds africain de développement destiné à financer les accès routiers permettant d’accéder au pont qui relie les capitales des deux Congo, Kinshasa et Brazzaville.

Burundi: African Development Bank’s SEFA grants $1 million to support innovative solar-hydro hybrid project

17-Dec-2019 - The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a $990,000 grant to support the preparation of a 9-MW solar-hydro hybrid project in Burundi. The project consists of two plants, each featuring a solar and a hydro component as well as a local distribution network and interconnection to the national power grid.

Madagascar: African Development Bank approves guarantee of $100 million to hydro-power project, to benefit over 2 million people

17-Dec-2019 - The Board of Directors of the African Development Bank has approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar, which will add 205 MW of renewable energy generation capacity to the national grid, benefitting over 2 million people. The Bank’s support will include risk mitigation to the project developers and the debt providers by supporting the payment obligations of JIRAMA, the state-owned off-taker.

Egypt: African Development Bank board approves €109 million to transform sewage coverage in Upper Egypt rural areas

17-Dec-2019 - The Board of Directors of the African Development Bank has approved a €109 million facility for the development of sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate in Egypt’s Upper Nile region. The Integrated Rural Sanitation in Upper Egypt – Luxor (IRSUE-Luxor) project is set to boost sewage coverage in the region from 6 percent to 55 percent, improving the quality of life of citizens, including women and children, who are most affected by poor sanitation.

African Development Bank approves $5 million grant to scale up Tony Elumelu Entrepreneurship Programme

16-Dec-2019 - The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs.

COP 25: African Development Bank urges African nations to persist with climate change ambitions as marathon talks end in Madrid

16-Dec-2019 - The African Development Bank has urged the continent’s nations to stay the course on climate action, after a marathon session of talks at the twenty-fifth Conference of Parties to the United Nations Framework Convention on Climate Change (COP 25) in Madrid. The conference was scheduled to run from 2 to 13 December, but only concluded business on Sunday, two days after the official programme ended.

African Development Bank commits €20 million to boost private sector competitiveness in Cabo Verde

16-Dec-2019 - The African Development Bank’s Board of Directors today approved a €20 million loan to strengthen the private sector’s role in Cabo Verde’s economic growth.  Bank funding will support the second phase of the Private Sector Competitiveness and Local Economic Development Programme (PSC-LED-II).  The programme will extend fiscal 2019 budget support to the government of Cabo Verde as it undertakes reforms to boost domestic productivity and the country’s overall economy.

Congo : la Banque africaine de développement accorde un prêt de 187 millions d’euros pour appuyer les réformes économiques

16-Dec-2019 - Pour faire face à la baisse de ses recettes fiscales et aux effets de la chute récente du prix du baril de pétrole, notamment un ralentissement de la croissance, le Congo a obtenu, vendredi à Abidjan, un appui financier de 187 millions d’euros de la Banque africaine de développement.

Mobilisation à la COP25 autour des objectifs de lutte contre le changement climatique : « L’avenir de l’Afrique dépend de la solidarité. »

13-Dec-2019 - Ministres, diplomates, représentants d’ONG ou encore journalistes ont appelé, de concert, à bâtir un front uni pour répondre aux défis posés par le changement climatique en Afrique, à l’occasion de la Journée de l’Afrique organisée mardi à la 25ème conférence des Nations unies sur le climat (COP25) à Madrid.

African Development Bank joins forces with international organisations to help developing countries build resilience to extreme weather

13-Dec-2019 - The African Development Bank has joined forces with 11 other international organizations to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather. Following a series of deadly weather events that have caused widespread destruction, especially in Africa, the institutions came together at the COP 25 climate change conference in Madrid on Tuesday to launch the Alliance for Hydromet Development.

Nigeria: African Development Bank approves $124.2 million loan for water sector reforms in Akure to improve access to safe drinking water and sanitation

13-Dec-2019 - The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project cost is $222.69 million and will span five years from 2020-2025.

COP 25: African islands want their place in the sun as they grapple with climate change

13-Dec-2019 - Africa’s small island states are bearing the brunt of climate change, even though technology exists to prevent the worst impacts of extreme weather. Climate expert John Harding said fewer lives were being lost as a result of natural disasters, because of advanced early warning systems. However, many cash-strapped African countries are not benefiting from new technologies to develop early warning systems.

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

13-Dec-2019 - Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development Fund loans and represents 78.5% of the total €399.7 million project cost.  The European Union contributed a grant of €30 million, 7.7% of the total project cost, to the government...

COP 25: ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals

12-Dec-2019 - There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa.

COP 25: Kenya experience suggests gender equality is best path to achieve SDGs

12-Dec-2019 - By LEOPOLD OBI, Climate Tracker Stakeholders at COP25 climate talks, citing Kenya’s example, called on developing countries to boost women’s involvement in the fight against climate change. Without gender equality, evidence suggests, African countries are unlikely to achieve the UN Sustainable Development Goals (SDGs) or transformative economic growth. 

African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan

12-Dec-2019 - The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference.

ADF-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

11-Dec-2019 - Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.

Development institutions present digital guide to help African countries fast-track SDGs, Paris Agreement and AU’s Agenda 2063 implementation

11-Dec-2019 - Three leading development partners have presented a digital application at the COP 25 climate conference in Madrid to help African countries grappling with the simultaneous implementation of key global initiatives. The United Nations Development Programme (UNDP), African Development Bank Group, and the African Union Development Agency-NEPAD (AUDA-NEPAD) on Tuesday unveiled the Guide for Integrated Planning in Africa.

Senegal: African Development Bank lends €62.8 million to help create 150,000 jobs for women and young people

11-Dec-2019 - The Board of Directors of the African Development Bank approved a €62.83 million loan to the Government of Senegal for implementation of the first phase of a project aimed at providing jobs for 150,000 women and youth. Funding for the Project to Support and Enhance Women's and Young People's Entrepreneurial Initiatives (PAVIE I), is composed of a €14 million loan from the African Development Fund and a €48.83 million loan from the African Development Bank.

Maroc : la Banque africaine de développement approuve près de 245 millions d’euros pour développer les réseaux de transport d’électricité et d’électrification rurale

11-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jour, un financement d’environ 245 millions d’euros en faveur de l’Office national de l’électricité et de l’eau potable (ONEE) en vue de réaliser son programme de développement des réseaux de transport d’électricité et d’électrification rurale.

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

10-Dec-2019 - The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network.

African Development Bank’s Fashionomics Africa launches “game changing” digital marketplace for the continent’s fashion creators

09-Dec-2019 - The African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments and private sector leaders in Kigali, Rwanda.

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

06-Dec-2019 - African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The ninth edition of the awards, organized by AABLA™ in conjunction with CNBC Africa, seeks to honour leaders who have contributed and shaped the African economy.

African Legal Support Facility Management Board approves Work Plan and Budget for 2020

05-Dec-2019 - The African Legal Support Facility (ALSF) Management Board, the legal support arm of the African Development Bank, met in Abidjan, to review the institution’s activities, work plan and budget for 2020. “This is an opportunity for us to review and deliberate on ALSF interventions, which contribute meaningfully to development in Africa,” ALSF Board Chairperson, Gaston Kenfack, said in his opening remarks.

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

05-Dec-2019 - Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure – all to create decent jobs for the continent’s unemployed and under-employed youth.

The African Development Fund: over 45 years of support to strengthen the continent’s least developed and fragile nations

05-Dec-2019 - In 38 of the continent’s most vulnerable countries, the African Development Fund or ADF is enhancing livelihoods by promoting regional integration, fostering businesses and enhancing food security through its investments in power projects, roads and bridges.

Burkina Faso: African Development Bank approves €48,82 million for Desert to Power Yeleen programme to increase solar generation

04-Dec-2019 - The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

04-Dec-2019 - Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm El-Sheikh on Tuesday, the young business leaders said their role as engines of growth needed to be taken more seriously.

Conférence économique africaine 2019 : adapter la formation professionnelle aux besoins du marché pour accroitre les opportunités d’emplois des jeunes africains

04-Dec-2019 - Les experts et chercheurs présents à la Conférence économique africaine 2019, ont dressé un tableau des faiblesses du marché du travail en Afrique. Selon eux, ce marché est caractérisé principalement par l’inadéquation de la formation, un accès difficile et un environnement économique dominé par le secteur informel.  Au cours de cette session sur « Emploi des jeunes en Afrique, opportunités et défis », les jeunes chercheurs ont fait le point de la situation au Ghana, Togo, Bénin, Cameron et au Congo.

The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex

04-Dec-2019 - President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014.

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

04-Dec-2019 - The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank in partnership with the United Nations Development Programme and the United Nations Economic Commission for Africa.

Conférence économique africaine à Charm el Cheikh : « réformer l’offre de formation et le marché du travail pour offrir plus d’opportunités aux jeunes africains », indique un panel d’experts

03-Dec-2019 - Les participants de la première session plénière de la conférence économique africaine 2019, à Charm el-Cheikh, en Egypte ont indiqué deux défis principaux, à savoir, identifier les besoins du marché du travail et restructurer les économies africaines. Les participants à cette session ont discuté des entraves aux actions gouvernementales, qui réduisent les opportunités d’emplois aux jeunes africains. Il s’agit surtout, selon eux de créer des emplois décents pour les jeunes, en leur offrant des alternatives durables à la pauvreté tout en...

Sommet Mondial sur le genre 2019 à Kigali : avec « Entreprenarium », les femmes entrepreneures à l’école des bonnes pratiques d’investissement

03-Dec-2019 - Dans le cadre du Sommet mondial sur le genre 2019 organisé à Kigali, des sessions interactives de formation et de renforcement de capacités ont été animées par des experts, via le programme « Entreprenarium », à destination des entrepreneures du continent, intéressées par les meilleures pratiques d’investissement.

Bank Group President and colleagues bid farewell to outgoing Vice President Pierre Guislain

03-Dec-2019 - The African Development Bank, on Thursday, bid farewell to retiring Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain. Hosted by Bank President Akinwumi Adesina​, and attended by senior management and Board members, VP Guislain was honoured for his outstanding leadership, pragmatism and humility during his tenure at the Bank.

African Development Bank launches digital tool to help African youth learn to code

03-Dec-2019 - The African Development Bank and technology firm Microsoft today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future.

Conférence économique africaine 2019 - A Sharm el-Cheikh, l’emploi et le développement des capacités des jeunes africains, au cœur des débats

03-Dec-2019 - Plus de 350 parties prenantes convergent vers Charm el-Cheikh en Égypte, pour participer à la Conférence économique africaine (AEC) de 2019 qui porte cette année, sur les questions liées à l’emploi, à la compétence et au développement des capacités des jeunes africains.

2019 African Economic Conference: A clarion call for bolder action to tackle Africa’s youth jobs crisis

02-Dec-2019 - The 2019 African Economic Conference (AEC) opened in the Egyptian resort city of Sharm El Sheikh on Monday with a call on African policymakers to take bold steps to tackle red-tape and high startup costs  in order to create decent and well-paying jobs for the continent’s youth. Addressing the opening plenary of the three-day conference, Egypt’s Minister of Investment and International Cooperation, Sahar Nasr said the conference provided a critical platform to address the challenges of jobs for the youth on the continent.

Johannesburg Stock Exchange, allies, join hands with African Development Bank to spur cross-border investments in Africa

29-Nov-2019 - The Johannesburg Stock Exchange (JSE), working with seven African exchanges, the African Development Bank and the African Securities Exchanges Association (ASEA) hosted the African Exchange Linkage Project (AELP) Engagement Forum, designed to bolster investments into the continent.

Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain

29-Nov-2019 - The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference.