Press Releases
Displaying 2401 - 2420 of 5337
Africa’s Economic Performance improves in 2017
12-Oct-2017 - Expected GDP growth up to 3% from 2.2% in 2016 but down from projected 3.4% Projected to reach 3.7% also down from projected 4.2% in 2018 Steady domestic demand and public investment in infrastructure Fiscal and Current account deficits on decline East Africa remains the fastest growing region, from 5.1% in 2016 to 5.4% and 5.8% average GDP growth in 2017 and 2018 respectivelyBenin: AfDB supports inclusive growth through agricultural value chains and infrastructure development
11-Oct-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved the institution’s intervention strategy in Benin for the period 2017-2021. The strategy supports the Government’s Program of Action (PAG 2016-2021) for the country’s economic and social development, anchored on two main pillars.
AfDB launches training programme to grow Africa’s textile industry
11-Oct-2017 - The African Development Bank (AfDB) and its partners have launched a specialized training programme for entrepreneurs and startups in the textile, apparel and accessories (TA&A) sector in Africa. The training is part of the AfDB’s Fashionomics Africa initiative aimed at increasing Africa’s participation in the global textile industry supply chain.
AfDB engages East Africa’s private sector in a drive to strengthen partnerships
11-Oct-2017 - The Bank Group’s Resource Mobilization & Partnerships Department (FIRM) in collaboration with the East Africa Regional Directorate (RDGE), has concluded its first regional Business Opportunities Seminar (BOS) in Nairobi, Kenya. The three-day event (2-4 October) falls within a series of Bank activities, aimed to step up its partnership with the private sector and highlight their role in implementing the continent’s transformation agenda, as enshrined in the High 5 strategy of the Bank.
ADEA signs MoU with IsDB on cooperation in the education sector in Africa
06-Oct-2017 - The Islamic Development Bank (IsDB) and the Association for the Development of Education in Africa (ADEA)have signed a Memorandum of Understanding (MoU) in Jeddah (Saudi Arabia) related to the cooperation in the education sector in Africa. The objective of the MoU is to support common Member Countries achieve the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.
African Development Bank releases second Trade Finance in Africa survey report, “Overcoming Challenges”
06-Oct-2017 - The African Development Bank (AfDB) has released its second Trade Finance in Africa survey report: “Trade Finance in Africa: Overcoming Challenges”.
AfDB issues its first “Light Up and Power Africa” theme Bond
05-Oct-2017 - The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction. The “Light Up and Power Africa” Bond supports AfDB’s ambition to achieve an important goal of realizing Africa’s energy potential and bridging the continent’s energy deficit.
Bank Group approves second monitoring report on updated Management Action Plan for the Medupi Power Project in South Africa
03-Oct-2017 - The Boards of Directors of the African Development Bank Group approved on September 6, 2017 the recommendations of the Second Monitoring Report of the Independent Review Mechanism (IRM) on the Implementation of the Updated Management Action Plan for the Medupi Power Project in South Africa.With ALSF support, Guinea-Bissau successfully renegotiates and reduces outstanding debts by 90%
03-Oct-2017 - Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility (ALSF) has provided creditor litigation support and advisory services to Guinea-Bissau during outstanding debt negotiations with the Export-Import Bank of China (Exim Bank). The support led to a series of settlement and debt-restructuring negotiations concluded in Singapore. Guinea-Bissau and Exim Bank agreed to a 90% reduction in outstanding debt obligations, resulting in savings of over US$45 million for Guinea-Bissau.Séminaire sur le financement du commerce international : un co-événement de la BAD et l’UBAF
02-Oct-2017 - En partenariat avec l’Union de banques arabes et françaises (UBAF), la Banque africaine de développement (BAD) co-organise, du 3 au 5 octobre 2017 à Abidjan, en Côte d’Ivoire, un séminaire sur le financement du commerce international.
AfDB President lays the foundation stone in the electrification project in Burkina Faso
29-Sep-2017 - The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, arrived in Ouagadougou for a three-day official visit and was immediately welcomed by Burkina Faso's Head of State, Roch Marc Christian Kaboré. During the meeting President Kaboré praised the excellent bilateral cooperation between his country and the AfDB and called for it to be boosted.
Niger : 4 milliards de FCFA de la BAD pour renforcer la formation professionnelle et technique
29-Sep-2017 - Le président du Groupe de la Banque africaine de développement (BAD), Akinwumi Adesina, a achevé sa visite officielle de deux jours au Niger, ce mercredi 27 septembre 2017, par un déplacement, à Niamey, au Lycée technique de Kalmaharo, un établissement qui bénéficie de l’appui de la Banque dans le cadre du Projet d'appui au développement de l'enseignement et la formation professionnels et techniques.
AfDB President Akinwumi Adesina receives accolade of highest honour from the Republic of Niger
28-Sep-2017 - The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, has been elevated to the rank of Grand Officer in the Order of Merit of the Republic of Niger on behalf of the President of the Republic, Issoufou Mahamadou, during a gala dinner hosted by Nigerien Prime Minister Brigi Rafini at the Gaweye Hotel in Niger’s capital, Niamey. The award was bestowed on the AfDB President during a two-day official visit to the Sahelian country.African Development Bank sells Industrialize Africa theme bond for AUD 50 million
27-Sep-2017 - he African Development Bank (AfDB) has sold its first “Industrialize Africa” theme Bond to Fukoku Mutual Life Insurance Company, the sole investor in the transaction, for AUD 50 million. Africa is at the bottom of the global value chain because African economies rely on raw commodities. Its share of global manufacturing exports amounts to less than 1%.
President Akinwumi Adesina in Niamey: The AfDB is working with Niger to speed up its development
27-Sep-2017 - The President of the African Development Bank (AfDB), Akinwumi Adesina, arrived in Niamey on Tuesday, September 26, 2017 for a two-day official visit to Niger, which began with a meeting with the Head of State, Mahamadou Issoufou. During the meeting, the two leaders highlighted the convergence of the priorities of the host country and the AfDB Group, as defined in the High 5s.
AfDB and Korea launch preparations for 2018 Annual Meetings in Busan
22-Sep-2017 - The African Development Bank Group (AfDB) and the Government of Korea have officially launched preparations for the Bank’s 2018 Annual Meetings, to be held in Korea. The 53rd Annual Meetings of the Board of Governors of the AfDB and 44th Meetings of the Board of Governors of the African Development Fund (ADF), the concessional arm of the Bank Group, are scheduled to take place from 22-25 May 2018 in Busan, which is located about 325 kilometres southeast of Seoul.