Press Releases
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AfDB rolls out its Feed Africa Strategy in the West Africa sub-region in Dakar
29-Nov-2016 - The African Development Bank Group (AfDB) launched its Feed Africa Strategy in the West Africa sub-region during a workshop held on November 24, 2016 at the Dakar Terrou-Bi Hotel. The objective of that workshop was to sensitise and enhance the mobilization of all stakeholders for the implementation of the “Feed Africa: Strategy for the Agricultural Transformation in Africa 2016 – 2025," approved by the Board of Directors of the AfDB in June 2016.African Development Bank SEK 1,250,000,000 0.375% Notes due June 2022
29-Nov-2016 - Transaction Highlights:
The African Development Bank Group appoints Ms. Yacine Fal as Country Manager, North Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Ms. Yacine Fal as the Country Manager for the North Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The North Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Ms.
The African Development Bank Group appoints Dr. Ousmane Dore as Director General, Central Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Ousmane Dore as Director General for Central Africa Regional Development and Business Delivery Office, with effect from December 1, 2016. The Central Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Mrs. Nnenna Nwabufo as Country Manager, East Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mrs. Nnenna Nwabufo as the Country Manager, East Africa Regional Development and Business Delivery Office, with effect from December 1, 2016. The East Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Mrs.African Development Bank approves €286 million for Cameroon’s transport sector
24-Nov-2016 - On November 24, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved two loans for a total of €286.245 million to support the second phase of the Transport Sector Support Program in Cameroon.
The African Development Bank Group appoints Dr. Tonia Kandiero as Director General, Southern Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Tonia Kandiero as Director General for the Southern Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The Southern Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Marie Laure Akin-Olugbade as Country Manager, West Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Ms. Marie-Laure Akin-Olugbade as the Country Manager for the West Africa Regional Development and Business Delivery Office. The West Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Ms.
The African Development Bank Group appoints Mr. Mohamed El Azizi as Director General, North Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Mohamed El Azizi as the Director General for the North Africa Regional Development and Business Delivery Office, with effect from December 1, 2016. The North Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Mr. Ebrima Faal as Director, Nigeria Country Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Ebrima Faal as the Director for the Nigeria Country Office with effect from 1 December 2016. The Nigeria Country Office is the largest single office of the African Development Bank, which oversees a portfolio of over US $5 billion and deals with 36 states of the Federation and the Federal Capital Territory.
The African Development Bank Group appoints Dr. Josephine Waithira Ngure as Country Manager, Southern Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Dr. Josephine Waithira Ngure as the Country Manager for the Southern Africa Regional Development and Business Delivery Office with effect from 1 December 2016. The Southern Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa. As Country Manager, a new senior executive position in the Bank, Dr.65 millions d’Euros pour financer l’alimentation en eau pour multi usages au Sénégal
24-Nov-2016 - La Banque africaine de développement vient d’approuver un prêt BAD d’un montant de 65 millions d’Euros (42,64 milliards de F CFA) à la République du Sénégal pour financer le « projet de renforcement de l’alimentation en eau pour multi usages sur l’axe Louga – Thiès – Dakar, à partir de la station de Keur Momar Sarr ». Le projet constitue la contribution de la Banque au projet global de « construction d’une 3ème station de traitement à Keur Momar Sarr », d’un coût global de 423,84 millions d’Euros.AfDB and Algeria sign €900-million loan agreement to support the country’s industrial and energy competitiveness
24-Nov-2016 - The African Development Bank (AfDB) and Algeria have signed an agreement for a €900-million loan to support the country’s industrial and energy competitiveness. This budget support loan provides the Government with the resources needed to offset the drop in its revenue due to the sharp fall in oil prices.
The African Development Bank Group appoints Mr. Gabriel Negatu as Director General, East Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Gabriel Negatu as the Director General, East Africa Regional Development and Business Delivery Office, with effect from 1 December 2016. The East Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
The African Development Bank Group appoints Mr. Janvier Litse as Director General, West Africa Regional Development and Business Delivery Office
24-Nov-2016 - The African Development Bank is pleased to announce the appointment of Mr. Janvier Litse as the Director General for the West Africa Regional Development and Business Delivery Office, with effect from 1 December 2016. The West Africa Regional Development and Business Delivery Office is part of the new business approach of the Bank to accelerate its business and development impacts across Africa.
Africa50 appoints four esteemed infrastructure advisors to its Investment Committee
23-Nov-2016 - The Board of Directors of Africa50, the infrastructure fund for Africa, has approved the appointment of four internationally renowned investment and infrastructure experts as Senior Advisors and members of its Investment Committee. The four Senior Advisers, hailing from the U.S., France, Cameroon and Nigeria, will assist Africa50 in making investment decisions in a manner that will ensure the attainment of the dual objectives of development impact and financial return.
Commercial legal practice in Africa: ALSF concludes Stakeholder Forum
23-Nov-2016 - Stakeholders working in development and law met in Abidjan, Côte d'Ivoire, from November 21-22, 2016 to discuss the role of the African Legal Support Facility (ALSF) within the context of the broader development agenda; and, in particular the linkages between Africa’s development priorities and commercial legal practice. Convened by the ALSF, the inaugural Stakeholder Forum was held to set out strategies and priorities for ALSF’s second Medium Term Strategy (MTS) for 2018-2022.AfDB approves US $75-million financial package to complement Diamond Trust Bank Kenya Limited’s funding to enterprises in East Africa
23-Nov-2016 - The Board of Directors of the African Development Bank has approved a US $75-million financial package comprising US $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa. The LoC will provide financing to small and medium enterprises (SMEs) and local corporates involved in value-addition in the trading, manufacturing, transport, and construction, among other sectors. In so doing, it will enhance job creation and...
Report calls for policies to empower rural youth, encourage private investment, increase access to land and finance to end poverty in West and Central Africa
23-Nov-2016 - Youth unemployment, insecure land tenure and weak value chains are the main obstacles in the way of ending poverty and inequality in West and Central Africa, says a new report released Wednesday in Abidjan by the International Fund for Agricultural Development (IFAD), in collaboration with the African Development Bank (AfDB).