Press Releases
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Integrity in Development Projects: The African Development Bank Debars Entreprise de Travaux et d’Etudes de Projets (ETEP) SA
14-May-2020 - The African Development Bank Group, today, announced a decision by its Sanctions Appeals Board imposing a 13-month debarment on Entreprise de Travaux et d’Etudes de Projets (ETEP) SA, a civil engineering company registered in Tunisia, for engaging in sanctionable practices.Eswatini : la Banque africaine de développement donne 1,67 million de dollars pour la réalisation d’une étude préparatoire à la construction de barrages
14-May-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 30 mars dernier à Abidjan, un don de 1,67 million de dollars américains (1,2 million d’Unités de compte) pour la réalisation d’une étude sur le Programme d’accroissement des ressources en eau de Mkondvo-Ngwavuma (MNWAP) en Eswatini.São Tomé-et-Principe : la Banque africaine de développement soutient la réforme économique et le secteur de l’électricité avec un don de plus de 6 millions d’euros
14-May-2020 - Le Conseil d’administration du Fonds africain de développement a approuvé, le 8 janvier dernier à Abidjan, un don de 6,28 millions d’euros (5 millions d’Unités de compte) à São Tomé-et-Príncipe pour mettre en œuvre la première phase du Programme d’appui à la réforme économique et au secteur de l’électricité (ERPSSP-I).The African Legal Support Facility holds 11th Governing Council meeting
13-May-2020 - The African Legal Support Facility (ALSF) held its 11th Governing Council meeting virtually due to the ongoing novel coronavirus pandemic, discussing future action plans that include measures to assist African countries in their response to the COVID-19 pandemic. The meeting took place on 11 May via video-conference. Council members endorsed the 2019 Annual Report and 2019 Audited Financial Statement, noting that the institution had exceeded its operational targets, consolidated and deepened its partnerships; and expanded its membership.
La Banque africaine de développement fait un don de près de 7 millions de dollars pour la mise en œuvre du Marché unique du transport aérien africain
12-May-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 4 février dernier à Abidjan, un don de près de 7 millions de dollars américains à la Commission africaine de l’aviation civile (CAFAC) pour la mise en œuvre du Marché unique du transport aérien africain (MUTAA).
Djibouti : la Banque africaine de développement porte sa contribution à près de 25 millions de dollars à un projet d’exploitation géothermique
11-May-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 15 janvier dernier, un financement additionnel de 3,22 millions de dollars américains en faveur du projet d’exploitation géothermique dans la région du lac Assal de Djibouti.
Making Finance Work for Africa hosts webinar series on impact of COVID-19 crisis on African economies and the financial sector
09-May-2020 - The Making Finance Work for Africa (MFW4A) partnership, a unique platform for African financial sector development research, advocacy, knowledge management and networking, has launched a special webinar series on the impact of the COVID-19 crisis on African economies and the financial sector. The series offers a platform to discuss concerted actions to mitigate the impact of the pandemic on African economies and the financial sector.African Development Bank welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
08-May-2020 - The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF), one of two funds within the Climate Investment Funds (CIF), to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.La Banque africaine de développement adopte une série de mesures pour soutenir les économies africaines contre les conséquences du Covid-19
07-May-2020 - La Banque africaine de développement mobilise des moyens d’une ampleur exceptionnelle pour atténuer les conséquences de la pandémie du Coronavirus (Covid-19) sur les économies africaines. Selon les estimations de la Banque, la pandémie pourrait entrainer une baisse du produit intérieur brut (PIB) africain de l’ordre de 22,1 à 88 milliards. Les conséquences du Covid-19 pourraient provoquer une contraction du PIB africain de 0,7 à 2,8 points de pourcentage en 2020, ajoutent les prévisions de la Banque.
Malawi: African Development Bank-managed water and sanitation project helping to curb COVID-19 wins Prince Talal International Prize for Human Development
06-May-2020 - An African Development Bank-financed and supervised water and sanitation project, now helping to curb the spread of COVID-19 in Malawi, has won the prestigious Prince Talal International Prize for Human Development. The Integrated Urban Water and Sanitation Project for Mzimba Town project, co-financed by the OPEC Fund for International Development and the Malawian Government, won the award in the ‘governments and social foundations’ category.African Development Bank approves €40 million in grants for bridge linking Cameroon and Chad
06-May-2020 - The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30 April 2020. The facility is from the Investment Facility for Africa under a framework agreement between the Bank Group and the European Commission.African leaders laud African Development Bank President for visionary leadership amid COVID crisis
05-May-2020 - South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development Bank, for his visionary leadership and bold initiatives to accelerate Africa’s development and to support the continent through the COVID-19 crisis.
Republic of Ireland becomes African Development Bank Group 81st shareholder
05-May-2020 - The Republic of Ireland has become the African Development Bank Group’s 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina, on 24 April 2020. Ireland’s application to join the African Development Bank Group was approved during the Annual meetings of the Board of Governors of the Bank Group held in Malabo, Equatorial Guinea, in June 2019.
COVID-19 crisis provides impetus to accelerate African regional integration – panellists, ADI webinar
30-Apr-2020 - The global response to the COVID-19 pandemic must be coordinated and targeted at livelihoods to prevent an upsurge in inequality, delegates at an African Development Institute (ADI) webinar urged on Wednesday.African Development Bank debars Sinotec Company Limited for 36 months for fraudulent practices
30-Apr-2020 - The African Development Bank Group, on 20 April 2020, announced the debarment of Sinotec Company Limited, an energy solutions company registered in China. Pursuant to a decision by the Bank’s Sanctions Appeals Board, the company will be debarred for a period of 36 months for engaging in fraudulent practices.Corridor routier Abidjan-Lagos : la Banque africaine de développement accorde plus de 12 millions d’euros supplémentaires
29-Apr-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, le 17 avril dernier, un financement supplémentaire de 12,33 millions d’euros en faveur de la Commission de la CEDEAO pour couvrir une partie des frais liés à l’étude du projet de développement du corridor autoroutier Abidjan–Lagos.The African Development Bank’s first virtual Business Opportunity Seminar draws almost 300 global partners and suppliers
29-Apr-2020 - The African Development Bank hosted the first of its twice-yearly business opportunity seminars (BOS) on Tuesday 28 April to provide information to potential partners and contractors on its strategic priorities and procurement procedures, and to strengthen ties to the private sector in member countries.
African Development Institute to rally African policy planning for macroeconomic resilience against COVID-19 pandemic
28-Apr-2020 - The African Development Institute of the African Development Bank will host a virtual seminar on Wednesday, 29 April 2020 to develop responses to macroeconomic policy challenges facing Africa nations in the wake of the COVID-19 pandemic. Like elsewhere, African countries are not spared the devastating impacts of the COVID-19 pandemic on their national health systems, economies, trade, cultures, societies and livelihoods. The public and private sectors, individuals and communities are struggling to respond to the pandemic amid commercial...