Press Releases

Displaying 1 - 12 of 3670

President Adesina at G7 summit in Biarritz: women’s entrepreneurship, climate and fragility at the heart of the agenda

23-Aug-2019 - 23-Aug-2019 - Biarritz, France, 23 August 2019 – The president of the African Development Bank, Akinwumi Adesina, will head a delegation to the G7 summit, to be held from 24 to 26 August in Biarritz, in south-western France. After attending a session on Sunday devoted to the partnership between the G7 and Africa, Adesina will present the Affirmative Finance Action for Women in Africa (AFAWA) initiative to the press, alongside French President Macron and in the presence of Beninese singer and UNICEF ambassador Angélique Kidjo. The pan-African...

Changement climatique : vers un forum annuel pour encourager les investissements climatiques en Afrique

19-Aug-2019 - 19-Aug-2019 - L’atelier international sur la préparation des projets d’investissement pour la Réduction des émissions dues à la déforestation et la dégradation des forêts (REDD+) en Afrique, s’est tenu du 13 au 15 août 2019 à Abidjan. Des experts en gestion durable des forêts venant de 18 pays africains se sont engagés à organiser annuellement un forum sur les investissements REDD+, en vue de mobiliser des fonds destinés à la lutte contre le changement climatique sur le continent. Une soixantaine d’experts africains de la REDD+, participants...

São Tomé and Príncipe fifth country to sign Lusophone country-specific compact to accelerate inclusive private sector led growth

16-Aug-2019 - 16-Aug-2019 - São Tomé, São Tomé and Príncipe, 16 August 2019 – São Tomé and Principe signed, on Thursday, a country-specific memorandum of understanding for the implementation of the Lusophone Compact aimed at accelerating inclusive, sustainable, and diversified private sector growth. São Tomé is the fifth nation to ink the agreement, after Mozambique, Cabo Verde, Angola, Guinea-Bissau.  The agreement was signed by Hon. Osvaldo Vaz,  São Toméan Minister of Planning, Finance and Blue Economy, African Development Bank Country Manager for...

African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion

14-Aug-2019 - 14-Aug-2019 - The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF)  on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to  provide sustainable financing for small-scale renewables in Africa. FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions.  FEI On-grid, a targeted USD 400 million fund, supports improved energy access...

Africa’s key development partners unite to tackle hunger as millions face food insecurity in times of climate change

09-Aug-2019 - 09-Aug-2019 - Kigali, August 8, 2019 – Development partners in Africa have pledged to pool their resources to counter food insecurity on the continent. The commitment was formalized at the first Africa Food Security Leadership Dialogue (AFSLD) held in Kigali, Rwanda, August 5-6, in partnership with the African Union, leaders of the African Development Bank, the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development and the World Bank. The event focused on strengthening and accelerating...

Nigeria: African Development Bank extolls Chinese commitment to Africa, explores potential partnerships with investors

08-Aug-2019 - 08-Aug-2019 - Abuja, Nigeria - 8 August 2019: The African Development Bank in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) across Africa. The Bank delegation, led by Professor Banji Oyelaran-Oyeyinka, the senior special adviser on industrialisation to the African Development Bank’s President, paid a courtesy call to Nigeria’s Vice President, Professor Yemi Osinbajo, who assured the consortium of the tremendous...

Egypt: African Development Bank, African Export-Import Bank roadshow launches preparations for 2nd Africa Investment Forum

06-Aug-2019 - 06-Aug-2019 - Cairo, Egypt, 6 August 2019: The African Development Bank and the African Export-Import Bank (Afreximbank) held a roadshow in Cairo to launch preparations for the second Africa Investment Forum taking place in Johannesburg, South Africa, 11 - 13 November 2019. The Africa Investment Forum aims to raise capital for transformational investment opportunities across Africa. Addressing the roadshow, Dr. Sahar Nasr, Egypt’s minister of investment and international cooperation, said that the Egyptian investment opportunities presented...

African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor

06-Aug-2019 - 06-Aug-2019 - Addis Ababa, Ethiopia, 5 August 2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project. The agreement was signed by Ahmed Shide, the Minister of Finance, on behalf of the government of Ethiopia, and Abdul Kamara, the African Development Bank Group’s country manager in Ethiopia. The total cost of the project is $255 million, comprising an ADF grant...

AU, African Development Bank sign $4.8 million grant earmarked for continental free trade secretariat

06-Aug-2019 - 06-Aug-2019 - The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy. Albert Muchanga, AU’s Commissioner for Trade and...

Namibia hails milestone as it launches expanded Walvis Bay Port

05-Aug-2019 - 05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation. Geingob officially launched the refurbished harbour on 2 August 2019, together with Gerson Hinda, Chairperson of the Board the Namibian Port Authority (Namport) and Noel Kulemeka, Operations Manager of the Southern Africa office of the African Development Bank, representing Akinwumi A. Adesina, the Bank’s President. “What we are witnessing today is thus a culmination of a long-cherished...

Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work

05-Aug-2019 - 05-Aug-2019 - Johannesburg, South Africa, 31st July 2019 – The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st...

Madagascar : Transformer le pays en plateforme commerciale régionale avec la Banque africaine de développement

05-Aug-2019 - 05-Aug-2019 - Abidjan, Côte d’Ivoire, le 5 août 2019 - La Banque africaine de développement organise, du 5 au 7 août 2019, à Madagascar, un atelier de lancement du Projet d’aménagement de corridors et facilitation du commerce (PACFC). Cet atelier veut examiner avec le gouvernement malgache, les dispositions nécessaires à la mise en œuvre du projet, signé en décembre 2018. Le projet, d’un montant total de 156 millions de USD, est cofinancé à hauteur de 90 millions de dollars par un prêt du Fonds africain de développement et 45 millions de...