Press Releases
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Agriculture projects have to be bankable, says Blanke
07-Sep-2017 - Agriculture projects developed for Africa must be bankable and incentivized in order to attract private investors who seek to make profit, and the youth who seek employment. This was the key message shared by Jennifer Blanke, Vice-President, Agriculture, Human and Social Development at the African Development Bank, on Thursday at the 7th African Green Revolution Forum in Abidjan, Côte d’Ivoire.African Leaders set to accelerate Africa’s path to prosperity by growing economies and jobs through agriculture
05-Sep-2017 - Over 750 delegates and high-level dignitaries, including African Heads of States, Ministers, and key stakeholders in the agricultural sector, are convening this week in Côte d’Ivoire’s economic capital, Abidjan, for the 2017 African Green Revolution Forum (AGRF), Africa’s premier agriculture gathering. As envisioned in its theme, “Accelerating the Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the Forum will provide a platform for global and African leaders to develop actionable plans that will move African...AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt
05-Sep-2017 - The Board of Directors of the African Development Bank (AfDB) Group has approved three senior loans for a total amount of US$ 55 million to finance three solar PV Projects under the second Round of the Feed-in-Tariff (FiT) Program in Egypt.
ALSF, UNECA, and African Union cooperate to develop a modeling mining laws
05-Sep-2017 - For more than a decade, Africa has enjoyed a mineral boom, producing more than 10% of the world’s minerals by value, from over 30% of its global mineral reserves. And yet, despite the critical role played by mineral exploration and production, mining and development have not necessary gone hand-in-hand. While development experts consider how to transform mining into an engine of development, the African Legal Support Facility (ALSF) is helping to make it a reality, alongside its partner institutions and regional stakeholders.
French President Macron appoints AfDB’s Vanessa Moungar to new Presidential Council for Africa
04-Sep-2017 - The President of France, Emmanuel Macron, has appointed Vanessa Moungar, the African Development Bank’s Director for Gender, Women and Civil Society, to his Presidential Council for Africa. Moungar and 10 other members of the elite group (mostly entrepreneurs, scientists and innovators) have been appointed to advise Macron on his African policy. The Council will have direct access to the French President and will also offer technical advice ahead of any Presidential missions to Africa.
AfDB trains 129 young “agripreneurs” in Liberia
31-Aug-2017 - Monday, August 28, 2017 was a special day for young entrepreneurs in Liberia. After Côte d’Ivoire in December 2016, the Bank is supporting the Government of Liberia to provide entrepreneurship training to young people in the agriculture value chain from 28th to 31st August 2017. The objective of the training is to encourage young entrepreneurs to take the bull by the horn, embrace risk and start their business.2017 World Water Week: AfDB joins global community to address water challenges
29-Aug-2017 - As a leading financing partner on water and sanitation services in Africa, the African Development Bank (AfDB), and two of its flagship water initiatives: the African Water Facility (AWF) and the Rural Water Supply and Sanitation Initiative (RWSSI), are participating in the 2017 World Water Week in Stockholm, S
AfDB wants greater focus on implementation, as African Green Revolution Forum begins in Abidjan
29-Aug-2017 - Ahead of the 2017 African Green Revolution Forum (AGRF), the President of the African Development Bank (AfDB), Akinwumi Adesina, wants greater attention paid to the implementation of concrete plans for achieving the green revolution in Africa.Senior Leadership appointments announced at the African Development Bank
27-Aug-2017 - Dr. Victor B. Oladokun, Director, Communication and External Relations The African Development Bank Group is pleased to announce the appointment of Dr. Victor B. Oladokun as the Director for Communication and External Relations with effect from 1st September 2017.
2017 World Water Week: “Water and waste: reduce and reuse” Focus on Africa
26-Aug-2017 - Organized by the Stockholm International Water Institute (SIWI), the annual World Water Week (WWW) is the largest global event for the water sector and development-related challenges.
Placing women at the center of African legal capacity-building
24-Aug-2017 - The African Legal Support Facility (ALSF) staff recently attended the first Women Advancing Africa Forum (WAA),a new flagship conference on women’s contributions to Africa’s development, its founders and organizers at the Graca Machel Trust reported.
SEFA grants US $1 million to Burkina Faso to promote green mini-grids
24-Aug-2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $983,000 grant to support the government of the Republic of Burkina Faso to create an enabling framework for increased private sector investment in renewable energy mini-grids.Integrity in Development Projects: African Development Bank Debars Chongqing International Construction Corporation for Fraud
22-Aug-2017 - The African Development Bank Group (AfDB) on August 22nd, 2017, announced the debarment of Chongqing International Construction Corporation (CICO) for a minimum period of twelve months.
World Fashion Day: AfDB moving the continent up the textile and clothing value chain with Fashionomics Africa
21-Aug-2017 - Some stakeholders in the textile and clothing industry have described Fashionomics Africa as a veritable platform to tap Africa’s huge potential for fashion. They spoke ahead of World Fashion Day, a day marked yearly on August 21 to celebrate and commemorate the glory, spirit and art of fashion throughout the world, and to highlight national, regional and international achievements in the fashion world over the past year.
AfDB President makes clarion call for action on challenges hampering growth at 37th SADC Heads of State Summit
19-Aug-2017 - The African Development Bank has given its support to Southern African leaders in their efforts to accelerate development and growth in the region.
AfDB signs Host Country Agreement with South Africa establishing Southern Africa Regional Development and Business Delivery Office
18-Aug-2017 - African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution operations serving South, North, East, West and Central Africa.
ALSF weighs in on Uganda’s oil refinery project
18-Aug-2017 - In late July, Uganda chose a consortium, including General Electric Co., to build and operate a crude oil refinery, which will eventually process oil from fields being developed by Total SA and Tullow Oil Plc.
With ALSF support, Rwanda lays foundation stone of Bugesera International Airport
17-Aug-2017 - On the 9th of August, Rwanda’s President Paul Kagame laid the foundation stone of the country’s newest transportation hub, the Bugesera International Airport. “I am pleased to join you today to break ground for this important national project. We are as determined as you are to see this airport completed and operational,” the newly re-elected president said shortly after laying a foundation stone.