Press Releases

AfDB issues 1% US $1 Billion Global Benchmark due 2 November 2018

24-Oct-2016 - On Wednesday, October 19, 2016, the African Development Bank, rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new US $1-billion 2-year Global benchmark transaction due 2 November 2018. The new 2-year issue is AfDB’s fifth USD Global benchmark transaction in 2016 and is also its first 2-year US dollar benchmark transaction this year. BNP Paribas, Goldman Sachs International, Nomura and TD Securities were mandated as joint-lead managers on the transaction.

Côte d’Ivoire and AfDB launch key economic diversification project

21-Oct-2016 - The African Development Bank Group and the Ivorian Government launched a major project aimed at diversifying the country’s economy on October 18 in Abidjan. The Support to Industrial Sector Competitiveness Enhancement Project (PARCSI) will help increase the contribution of the industrial sector to GDP from 22% in 2014 to 40% in 2019.

Habitat III: Multilateral Development Banks collaborate to support ‘New Urban Agenda’

20-Oct-2016 - In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the Agenda’s words into action by issuing a “Joint Statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.

La BAD accorde une ligne de crédit de 60 millions d’Euros pour financer le commerce en Tunisie

20-Oct-2016 - Le Conseil d'administration de la Banque africaine de développement (BAD) a approuvé, le 19 Octobre 2016 à Abidjan, une ligne de crédit de 60 millions d’Euros en faveur de la Banque de l’Habitat (BH) de Tunisie. Cette facilité aidera la BH à renforcer ses activités de financement du commerce international pour les petites et moyennes entreprises.

“If youth is our future, then we are already behind schedule,” AfDB President tells West African Ministerial Conference on Youth Employment in Africa

19-Oct-2016 - Africa’s youth are the future. We must invest in them for the good of society and for the benefit of the continent. These were among the messages delivered Tuesday, during a high-level conference on Youth Employment in Africa, organized by the African Development Bank at its headquarters in Abidjan.

African Water Facility turns waste management into strategic input for local production value chain in Ethiopia

14-Oct-2016 - The African Water Facility (AWF) held a three-day event from September 28 to 30, 2016 to launch the Improved Sanitation Value Chain (ISVC) project, which aims to serve the urban poor in Arba Minch Town, one of the major cities of Southern Ethiopia. The AWF €1.5-million grant to the ISVC project will contribute to improve sanitation and faecal waste management for more than 21,000 Arba Minch citizens while boosting the local businesses and agricultural production with the provision of eco-friendly and affordable fertilisers.

ADEA and JICA support quality science and mathematics education in Africa

13-Oct-2016 - “Probing and thinking critically is what will make Africa a continent of the 21st century... inculcating skills at an early age is the key, says  Shem Bodo, Senior Programs Officer with the Association for the Development of Education in Africa (ADEA). Bodo made the statement on the 30th of September 2016 in Nairobi (Kenya) at the closing ceremony of a two-week Third Country Training Programme (TCTP) on “Use of inquiry-based learning and peer lesson evaluation to improve quality of teaching and learning of mathematics and science.”

AfDB to launch an Africa Investment Forum

10-Oct-2016 - The  Board of the African Development Bank (AfDB) has approved the institution’s proposal to launch an ‘Africa Investment Forum (AIF)’—a meeting place for investors interested in Africa. The AIF will showcase bankable projects, attract financing, and provide platforms for investing across multiple countries. It will also serve as a unique forum for international business and social impact investors looking to transact and deploy funds in Africa and act as an avenue for connecting investors with both public and private sector projects...

AfDB President Akinwumi Ayodeji Adesina receives African passport, symbol of continental integration

05-Oct-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Ayodeji Adesina received his copy of the African Passport in Abidjan on Wednesday, 5 October 2016, hailing the occasion as a clear signal of Africa’s move toward integration. “It is such a delight to be able to have an African Passport,” Adesina said, noting that it is a recognition of the critical role played by the AfDB and other African institutions that are linked to the African Union.