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Angola – AfDB country support strategy focuses on Agricultural Transformation and Infrastructure Development for Inclusive Growth
26-Apr-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s Angola Country Strategy Paper (CSP) to guide its interventions in the country in the next five years, focusing on Inclusive growth through agricultural transformation and supporting sustainable infrastructure development. The 2017-2021 strategy aims to tackle the challenges facing the country by accelerating economic diversification and enhancing structural transformation to achieve broad-based economic growth and poverty reduction.The future of African agribusinesses is linked to maximizing the use of technology
26-Apr-2017 - Access to financial sources is not always the main key to ensuring the sustainability of agribusiness ventures launched by young African entrepreneurs. This is the main finding of the second day of the African Youth Agripreneurs Forum held in Ibadan, Nigeria, from 25-26 April 2017. During a session on ‘Financing Youth in Agribusiness,’ the forum explored the financial aspect of agripreneurship. Loans, credit lines, equity were among the ideas discussed. But how about starting a business with creativity as your only capital?Huge Opportunities in Agriculture and Agribusiness for Graduate African Youths
25-Apr-2017 - There are huge business opportunities for graduated African youths in agriculture and agribusiness. That’s was the consensus of the two-day African Youth Agripreneurs Forum held in Ibadan, Nigeria, from April 25-26, 2017. However, helping African youths to invest in agricultural production and the agricultural value chain is all too often discussed as the right track of ideas for development in Africa, but little is done by governments, warned Nteranya Sanginga, the Director General of the International Institute of Tropical Agriculture (IITA).
AfDB assesses results of US$ 5 billion investment in South Africa
25-Apr-2017 - What do we get for US$ 5 billion investment? The Independent Development Evaluation (IDEV) of the African Development Bank Group (AfDB) has just published a report evaluating more than a decade of engagement in South Africa (2004 – 2015), principally in the finance and energy sectors.The West African International Arbitration Conference (WAIAC) charts the future of investment arbitration in Africa
25-Apr-2017 - More than 80 lawyers, international arbitration practitioners and government officials gathered in Abidjan from April 20-21 for a lively exchange of ideas and legal opinions. The West African International Arbitration Conference (WAIAC) provided a platform for both African legal firms and government institutions to promote their work, network with peers in the industry and deepen their understanding of emerging challenges in the field of international arbitration.The African Development Bank announces expansion of its African Bond Index
24-Apr-2017 - The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/AFMISM Bloomberg® African Bond Index (ABABI) in February 2015. Calculated by Bloomberg Indices, the composite index is currently comprised of the Bloomberg South Africa, Egypt, Nigeria, Kenya, Botswana and Namibia local currency sovereign indices and have been joined from April this year by Ghana and Zambia.
Multilateral banks to deepen collaboration with private sector to boost inclusive, sustainable infrastructure
22-Apr-2017 - Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
The “10,000 Communities in 1,000 Days Initiative” – Delivering the High 5s in Transition States
21-Apr-2017 - The African Development Bank’s “10,000 Communities in 1,000 Days” Initiative was launched by Bank President Akinwumi Adesina during the inaugural African Resilience Forum in January 2017.
The African Development Bank is delivering for Africa: Adesina
21-Apr-2017 - In an impassioned speech delivered at the Center for Global Development in Washington, DC, on Wednesday, April 19, African Development Bank President Akinwumi Adesina spoke about Africa’s enormous potential, and the Bank’s ambitious development agenda, which he said was well underway.
Carole Wamuyu Wainaina, named Chief Operating Officer for Africa50
20-Apr-2017 - Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Carole Wamuyu Wainaina as Chief Operating Officer. She will lead a multi-disciplinary team on the non-investment side of the organization, including Investor Relations, Strategy, Communications, HR and Administration, and Environmental and Social Governance.
African Development Bank to open a National Office in the Republic of Benin
18-Apr-2017 - Bank Group (AfDB) Director-General for the West African Region, Janvier Litse visited the Republic of Benin from 10 to 12 April 2017 as part of a dialogue mission with the country's authorities.
Famine, fragility and infrastructure development on the agenda at World Bank-IMF Spring Meetings
17-Apr-2017 - he African Development Bank (AfDB) is participating in the Spring Meetings of the International Monetary Fund (IMF) and World Bank, in Washington, DC, from April 18-23, 2017. The annual gathering brings together over 1,000 participants from government, civil society, the private sector, the media and academia.AfDB approves USD18.15 million to support South Sudan’s membership in the African Trade Insurance Agency and Trade & Development Bank
13-Apr-2017 - The African Development Bank Group (AfDB) has approved a US $18.15 million facility to the Government of South Sudan (GRSS), to assist the country with the required resources for its African Trade Insurance (ATI) and Trade & Development Bank (TDB) (formerly known as PTA Bank) membership application. This is a critical step and a prerequisite for the respective institutions to commence their operations within South Sudan.African Development Bank Group provides US $14.57 million supplementary loan to rehabilitate and expand electricity distribution networks in Juba, South Sudan
13-Apr-2017 - The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) supplementary loan of US $14.57 million to rehabilitate and expand the distribution networks in Juba, South Sudan. The Power distribution system rehabilitation and expansion project aims at strengthening the distribution networks in Juba to provide reliable electricity supply from existing and future generation facilities and thus satisfy the suppressed load and demand growth in the city.African Development Bank Group announces staff changes
12-Apr-2017 - The African Development Bank Group announced today the departure of Dr. Frannie A. Léautier, its Senior Vice-President. Dr. Léautier’s decision to move on was for personal family reasons. The President of the African Development Bank, Dr. Akinwumi Adesina said, “We will miss Frannie at the Bank. I highly commend her strong dedication and commitment to helping drive institutional reforms at the Bank. I am confident that the solid Senior Leadership Team we have built will enable us to drive towards greater success.”
Korea-Africa Business Forum urges greater Korean Private Sector engagement in Africa
12-Apr-2017 - The African Development Bank (AfDB) and Busan Metropolitan City have jointly urged South Korea’s private sector to do more business with Africa. The call was made at the Korea-Africa Business Forum held at Busan Exhibition & Convention Center on 3 and 4 April 2017, supported by Korean Ministry of Strategy and Finance.AfDB pledges support to Batoka Energy Project at investors’ conference in Zambia
11-Apr-2017 - The African Development Bank’s Vice President for Power, Energy, Climate and Green Growth Sector Complex, Amadou Hott, was in Livingstone, Zambia, on 30 and 31 March 2017 attending the 2,400-MW Batoka Gorge Hydro Electric Scheme (BGHES) investors’ conference, where stakeholders discussed progress and financial support to the scheme.
AfDB Vice President Kacou concludes three-day official visit to Sudan
07-Apr-2017 - The Vice President of the African Development Bank (AfDB) responsible for Corporate Services and Human Resources, Alberic Kacou, concluded a three-day official visit to Sudan on Thursday, 6 April 2017. He was accompanied by the Bank’s Resident Representative in Sudan, Abdul Kamara and technical staff.
ALSF Management Board reviews its activities ahead of 2017 Annual General Meetings
07-Apr-2017 - On March 27, 2017, the Management Board of the African Legal Support Facility (ALSF) met to review the progress made in 2017 and to assess the challenges ahead in the implementation of its projects. The Board discussed key issues and events which will be reviewed on the margins of the 2017 Annual General Meetings of the African Development Bank (AfDB) in May 2017 in Ahmedabad, India.