Press Releases

Displaying 301 - 350 of 3990

African Development Bank hosts experts to accelerate food transformation in West Africa through technology

25-Jun-2019 - The African Development Bank has hosted a group of experts to discuss how technology can be deployed to transform food systems in West Africa. The Bank co-hosted the workshop with the International Fund for Agricultural Development, the African Green Revolution Alliance, the World Economic Forum and Rabobank for the Food Systems Action Platform (FSAP) for West Africa at the Bank’s headquarters in Abidjan, Cote d’Ivoire, on 20-21 June.

Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.

24-Jun-2019 - Infrastructure, agricultural-processing zones, air cargo facilities,  and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.  

African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)

24-Jun-2019 - The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from 11-14 June. The Bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the Facility to...

African Development Bank hosts masterclass on women’s skills in business development

24-Jun-2019 - The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management.

The African Development Bank’s High 5 priorities are making a vital contribution to the continent's integration

24-Jun-2019 - The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets.

Accelerating Africa’s transformation via a vibrant digital economy

21-Jun-2019 - Affordable, inclusive connectivity, coupled with digital skills and literacy, are essential elements in the fight against inequality in the digital age, experts at the European Commission’s 2019 European Development Days (EDD) Forum, emphasised.

African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market

20-Jun-2019 - The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa.

MDB climate finance hit record high of $43.1 billion in 2018

20-Jun-2019 - Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion.

Deuxième jour en RDC du président Adesina : dialogue stratégique avec les membres du gouvernement pour insuffler une dynamique au partenariat

19-Jun-2019 - Insuffler une nouvelle dynamique au partenariat bilatéral entre la Banque africaine de développement et la République démocratique du Congo (RDC), et explorer des pistes susceptibles de renforcer la croissance économique du pays. Tels sont les deux objectifs du dialogue stratégique organisé entre la Banque et les membres du gouvernement congolais (Ministres des finances, du budget, de l’agriculture, des PME, de l’énergie, du transport, des mines, du plan, de la santé et du développement rural), à l’Hôtel-Fleuve-Congo, à Kinshasa.

Le chef de l’Etat congolais, Félix Tshisekedi, et le président de la Banque africaine de développement, Akinwumi Adesina, animent un forum sur le secteur privé

19-Jun-2019 - Dans le cadre de la visite officielle de quatre jours du président du Groupe de la Banque africaine de développement, Akinwumi Adesina, en République démocratique du Congo (RDC), les opérateurs économiques congolais ont débattu, le 18 juin 2019 à Kinshasa, des opportunités d’investissements. Les secteurs majeurs visés étaient l’agriculture, l’énergie, les mines, l’hydrocarbure, le tourisme et l’éducation. Ils ont également présenté la « vision stratégique » du patronat qui peut se résumer comme suit : diversification économique et mobilisation...

RDC : Première journée de la visite officielle du président Adesina, dépôt de gerbe de fleurs, rencontre avec la presse

18-Jun-2019 - Le président de la Banque africaine de développement, Akinwumi Adesina, est arrivé à Kinshasa dans le cadre d’une visite officielle de quatre jours, à l’invitation du président de la République démocratique du Congo (RDC), Félix Tshisekedi. La délégation de la Banque a été chaleureusement accueillie par les autorités.

The President of the African Development Bank begins an official visit to the Democratic Republic of Congo from June 17 to 20, 2019

17-Jun-2019 - The President of the African Development Bank, Dr. Akinwumi Ayodeji Adesina and a delegation begin a four-day official visit to the Democratic Republic of Congo (DRC), at the invitation of President Felix Antoine Tshisekedi Tshilombo. During the visit, intended to strengthen the bilateral partnership between the Bank Group and the DRC, Adesina will meet with the Congolese Head of State and discuss development issues.

Final communique of the fifty fourth annual meeting of the board of governors of the African Development Bank (ADB) and the forty fifth annual meeting of the board of governors of the African Development Fund (ADF)

15-Jun-2019 - WE, the Governors, representing Member Countries of the African Development Bank and State Participants of the African Development Fund (the “Bank Group”), meeting in Malabo, Equatorial Guinea for the 2019 Annual Meetings from 11th to 14th June 2019 under the chairmanship of His Excellency CESAR AUGUSTO MBA ABOGO, Governor for the Republic of Equatorial Guinea, Minister of Finance and Chairperson of the Boards of Governors:

African Development Bank showcases impact of Korean drone technology on agricultural productivity

14-Jun-2019 - At a special event highlighting the partnership between the African Development Bank and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food imports. Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests. The Bank launched the project, in cooperation with the Busan Metropolitan City in Korea with support from the Korea-Africa Cooperation...

Flying ‘sky-high’: African Development Bank Annual Meetings conclude with consensus on regional integration

14-Jun-2019 - The African Development Bank on Friday concluded its Annual Meetings, amid growing consensus that regional integration is imperative to a new phase in African prosperity. Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was endorsed earlier this year.

La Banque africaine de développement accorde un financement supplémentaire aux Comores pour le secteur de l’énergie

14-Jun-2019 - La Directrice Générale Adjointe de la Banque pour l’Afrique de l’Est, Nwabufo Nnenna, et le Ministre des Finances et du Budget des Comores, Saïd-Ali-Saïd Chayhane, ont signé, jeudi, un accord de financement supplémentaire de 8,63 millions d’euros, en marge des Assemblées annuelles de la Banque à Malabo, en Guinée équatoriale. Grâce à ce financement de la Banque, le gouvernement des Comores sera en mesure de poursuivre ses réformes dans le secteur de l’énergie, entamées en 2014, dans le cadre du Projet d’appui au secteur de l’énergie (PASEC).

“Let’s learn to build it ourselves,” Bank Vice President Sherif in a clarion call to regional economic blocs

14-Jun-2019 - “The day we see an Egyptian farming in Sudan, growing wheat, rather than Egypt getting its wheat from Ukraine, Russia - this is regional integration. The day we see a Sierra Leonean mining his diamond and selling that diamond for the $10,000 that it deserves, not just rough stones but cut and polished, with added value; this is a different Africa”.

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

13-Jun-2019 - The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for innovative young entrepreneurs and 200,000 Swiss francs to the Urban & Municipal Development Fund for Africa (UMDF), which helps African cities plan and manage urban growth and climate-resilient development by improving...

Gambia President Adama Barrow awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019

13-Jun-2019 - At a ceremony held on the sidelines of the Annual Meetings of the African Development Bank Group on Wednesday, 12 June, the president of Gambia, Adama Barrow, was awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019, for his personal leadership in building the Senegambia bridge that links Gambia to Senegal.

Despite Challenges, Africa's Debt is still under control says African Development Bank

13-Jun-2019 - The African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity. The bullish numbers were revealed during the Bank’s Financial presentation Thursday, a highlight of the 2019 Annual Meetings of the Bank currently underway in Malabo,...

African Development Bank, African Union-NEPAD, partners launch African Agri-Business Engine for private sector agricultural finance with FAPA grant

12-Jun-2019 - The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo.  FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank.

You must be torch-bearing partners in regional integration efforts – African Development Bank VP Guislain tells African bankers

12-Jun-2019 - The African Development Bank Group on Tuesday urged financial institutions in Africa to use their investments and other business portfolios to deepen regional integration efforts for the economic transformation of the continent.

“To integrate Africa, bring down the walls,” Adesina urges at 2019 African Development Bank Annual Meetings Open in Malabo

12-Jun-2019 - African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, with the theme: “Regional Integration for Africa’s Economic Prosperity.” “Apart and divided, Africa is weakened. Together and united, Africa will be unstoppable,” the Bank’s President Akinwumi Adesina told delegates at the packed Sipopo Conference Center.

African leaders share their vision for an integrated continent

12-Jun-2019 - Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings.

African financial institutions play a key role in the continent's regional integration, says African Development Bank Vice-President Pierre Guislain

11-Jun-2019 - African Development Bank Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain, on Tuesday stressed the major role that African financial institutions play in regional integration. "These institutions finance the private sector, which has to become the engine of Africa's regional integration," said Guislain at the opening of the Association of African Development Finance Institutions (AADFI) workshop on the sidelines of the Bank's Annual Meetings in Malabo, Equatorial Guinea.

African Development Bank 2019 Annual Meetings: African Legal Support Facility holds Management Board, Governing Council meetings

11-Jun-2019 - The African Legal Support Facility (ALSF) held its 28th Management Board and 10th Governing Council meetings on 10 and 11 June 2019 respectively, on the margins of the 2019 African Development Bank Group Annual Meetings held in Malabo, Equatorial Guinea. The members reviewed the 2018 activities of the ALSF and discussed the future of the organisation.

Ensuring a colourful and safe meeting environment – Malabo goes the extra mile

11-Jun-2019 - Malabo not only rolled out the red carpet Tuesday for delegates arriving at the ultramodern Sipopo Congress Centre for this year’s Annual Meetings of the African Development Bank Group,  it is also making sure that the event takes place in a safe, colourful and entertaining environment. Delegates were warmly greeted by local dancers with many of them waving white handkerchiefs to arriving dignitaries. “No doubt this is the right ambience – it’s peaceful, harmonious, colourful and welcoming. It sets the perfect stage for a meaningful meeting,”...

Central Africa could be the continent’s rising star, thanks to the African Continental Free Trade Area

11-Jun-2019 - Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank shows. Hanan Morsy, Director of Research at the Bank, revealed the findings at the launch of one of the Bank’s flagship reports in Malabo, where the African Development Bank is hosting its Annual Meetings.

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

11-Jun-2019 - African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent.

Africa’s regional integration gains momentum at African Development Bank Group Annual Meetings in Malabo

10-Jun-2019 - “If we get integration right, Africa can develop with dignity and confidence,” African Development Bank President Akinwumi Adesina told journalists at a press conference to herald the Bank’s 2019 Annual Meetings, due to open Tuesday in Malabo, Equatorial Guinea. The theme of this year’s meetings is ‘Regional Integration for Africa’s Economic Prosperity.” Regional integration gained momentum with the agreement on the African Continental Free Trade Area (AfCFTA) in March 2018 and is now at the threshold of its launch next month.

Côte d’Ivoire : la Banque africaine de développement accorde un prêt total de 150 millions d’euros pour renforcer le réseau électrique

07-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, mercredi 5 juin 2019, deux prêts de premier rang pour le renforcement du réseau électrique, d’une valeur totale de 150 millions d’euros. Un prêt de 100 millions d’euros pour la construction d’une centrale thermique à cycle combiné, fonctionnant au gaz à Taboth, dans le département de Jacqueville (ouest d’Abidjan) ci-après désigné le projet « Atinkou », ainsi qu’un autre de 50 millions d’euros pour l’extension de la centrale thermique à cycle combiné au gaz d’Azito,...

Guinée Equatoriale : 26 millions d’EUR de la Banque Africaine de Développement pour le Projet de modernisation des Finances publiques

07-Jun-2019 - Le Conseil d'administration de la Banque Africaine de Développement (BAD) a approuvé, ce mercredi 5 juin 2019, un prêt de 26,5436 millions d’EUR à la République de Guinée Equatoriale en vue de financer le Projet d’appui à la modernisation des Finances publiques (PAMFP). Cet appui institutionnel sera exécuté sur la période 2019-2023, et vise à accompagner les autorités dans leurs efforts de renforcement de la gouvernance et de modernisation de la gestion des finances publiques.

Cacao : 100 million € de la BAD pour l’appui aux activités préalables à l’exportation et à la chaine de valeur du cacao en Côte d’Ivoire

07-Jun-2019 - Ce projet est dans la droite ligne des objectifs de la BAD, qui entend favoriser une croissance inclusive, tout en répondant aux priorités opérationnelles pour le développement du secteur privé. La facilité, qui constitue une source de financement stable, permettra à SUCDEN CI de disposer des liquidités nécessaires pour préfinancer ses fournisseurs et soutenir les coopératives locales partenaires. De plus, ce financement permettra d’accroitre les exportations de cacao de la Côte d’Ivoire, et aidera à renforcer les capacités des fournisseurs et...

African Development Bank, Adaptation Fund, Green Climate Fund convene first Direct Access to climate finance meeting

06-Jun-2019 - To accelerate and enhance Direct Access to climate finance for developing countries that are vulnerable to climate change, the Adaptation Fund (AF), Green Climate Fund (GCF), African Development Bank   and South African National Biodiversity Institute (SANBI) are joining forces to

Cyclones Idaï et Kenneth : plus de 92 millions de dollars de dons accordés aux pays victimes par la Banque africaine de développement

06-Jun-2019 - Trois mois après le passage dévastateur des cyclones Idaï et Kenneth au Mozambique, au Zimbabwe et au Malawi, la Banque africaine de développement a accordé, mercredi 5 juin 2019, un nouveau soutien financier de 92,41 millions de dollars américains pour la mise en œuvre d’un programme de reconstruction d’urgence et de résilience sur quatre ans.

University of Alberta awards Akinwumi Adesina honorary doctorate

05-Jun-2019 - “You will achieve great things in life,  but always remember: humility is what will make you stand out,” African Development Bank President Akinwumi Adesina told the University of Alberta's graduating class of 2019.

Mozambique: African Development Bank offers $50 million for post-cyclone relief

05-Jun-2019 - An international pledging conference to finance the reconstruction of parts of cyclone-hit Mozambique took place in the city of Beira on 31 May and 1 June. Multi-lateral development agencies, international organizations, government representatives, the private sector and civil society gathered at the conference, aimed at soliciting financial support for the effort.

African Development Bank features at Mozambique’s Growing Blue Event

03-Jun-2019 - The African Development Bank is focusing on building risk management systems and resilience for countries vulnerable to climate change, it told participants at the recently concluded high level conference on the Blue Economy held in Maputo, Mozambique.

Hello Malabo! Equatorial Guinea

02-Jun-2019 - "When you put your forces together, you can achieve the critical mass to be solid player on the global scene," African Development Bank's Chief Economist and Vice President of Economic Governance & Knowledge Management Celestin Monga told journalists at a press conference ahead of the Bank's Annual Meetings.

African Development Bank provides €100 Million partial guarantee for commercial agriculture in Africa

31-May-2019 - The Board of Directors of the African Development Bank, meeting in Abidjan on 29 May 2019, approved a €100 million partial credit guarantee (PCG) to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa.

Comores : la Banque africaine de développement porte sa contribution à 25,22 millions d’euros au Projet d’appui au secteur de l’énergie

31-May-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 21 mai, un financement complémentaire de 8,63 millions d’euros en faveur du Projet d’appui au secteur de l’énergie aux Comores, portant ainsi la contribution totale de l’institution à 25,22 millions d’euros.

Guinée : la Banque africaine de développement accorde un don de 2 millions de dollars pour étudier la faisabilité d’un projet de construction d’un port en eau profonde

31-May-2019 - La Banque africaine de développement et le ministère du Plan et du Développement Économique de Guinée, ont signé, jeudi 30 mai 2019 au Petit palais de Conakry, un accord de don portant sur une étude de faisabilité d’un projet de construction d’un port en eau profonde polyvalent dans le nord-ouest du pays, pour un montant de deux millions de dollars américains.

Tunisie: la Banque africaine de développement accorde 57,5 millions d’euros à Amen Bank pour développer le commerce et soutenir les PME

29-May-2019 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, mercredi 29 mai 2019, un financement total de 57,5 millions d’euros en faveur de la banque tunisienne Amen Bank afin de développer le commerce et accompagner les petites et moyennes entreprises (PME). Cette enveloppe se compose d’un prêt d’investissement à long terme de 35 millions d’euros et d’une facilité de 15 millions d’euros pour le financement du commerce    ainsi qu’un complément de 7,5 millions d’euros provenant du fonds « Africa Growing Together...

The African Development Bank hosts the Zero Emissions Omissions Coalition

29-May-2019 - The African Development Bank and the Zero Emissions Omissions Coalition, an advocacy group dedicated to mobilising support for climate change, have met to discuss the Bank’s role in leading clean energy production on the continent and greater transparency on its investments.

African Development Bank’s first symposium on Climate Change calls for increased focus on resilience building

29-May-2019 - African nations must focus on building resilience against climate change  and renew efforts to save resources spent on weather-related emergency relief to better address the needs of the vulnerable, African Development Bank President Akinwumi Adesina said on Monday.

Japan and Austria to support private sector climate change investments on the continent

28-May-2019 - The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change.

African Development Bank commissions value chain study into jewelry manufacturing in Sierra Leone, Zimbabwe and the Republic of Guinea

21-May-2019 - The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three...

Tunisie : 120 millions d’euros de la Banque africaine de développement pour moderniser le secteur financier

16-May-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé un financement de 120 millions d’euros pour mettre en œuvre la seconde phase du Programme d’appui à la modernisation du secteur financier (PAMSFI II) en Tunisie. A travers l’appui au secteur financier dans son rôle de financement de l’économie, en faveur notamment des populations et acteurs économiques vulnérables, cette opération a pour but de favoriser les conditions nécessaires pour une croissance économique forte, résiliente et inclusive.

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

13-May-2019 - The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group.

Zambia: African Development Fund approves $11.1 million for public finance reforms

30-Apr-2019 - The African Development Fund on Tuesday approved $11.1 million to support Zambia’s public finance and economic management as part of efforts to restore fiscal stability and improve livelihoods in the middle-income Southern African nation. The copper producing country is pursuing reforms to stabilize its economy, particularly, to rein in a widening public debt partly due to commodity price shocks, drought and depreciation of its local currency.