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AfDB President Akinwumi Adesina to visit Nigeria to strengthen partnership with major shareholders
23-Sep-2016 - Akinwumi Adesina, President of the African Development Bank (AfDB), will visit Nigeria from September 26–28, 2016, on his first official visit to the country since his appointment last year. Adesina will meet policy-makers, the private sector, and development partners to discuss the challenges facing Nigeria and highlight the AfDB’s commitment to further strengthen its partnership with Nigeria.AfDB Helps Morocco Prepare for COP22
21-Sep-2016 - Climate experts have been placed at the service of the Moroccan Government by the African Development Bank (AfDB) to support the preparation and organization of the upcoming 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). Morocco will host COP 22 from November 7-18, 2016.NEPAD Regional Integration and Trade Department to host key stakeholders’ coordination meeting on Abidjan-Lagos and other West African Corridors
21-Sep-2016 - NEPAD Regional Integration and Trade Department has convened a two-day meeting on September 27-28, at the African Development Bank (AfDB) headquarters in Abidjan, with development partners, the NEPAD Planning and Coordination Agency (NPCA), the Economic Community of West African States (ECOWAS), government officials and representatives of customs and revenue authorities to discuss a more coordinated approach to the management of West African corridors.
African Development Bank reiterates commitment to support women’s empowerment in the Sahel
20-Sep-2016 - The African Development Bank has reiterated its commitment to support women’s empowerment and creation of employment opportunities for the women and youth in the Sahel.
Talks seek to entrench African ideals in education
19-Sep-2016 - The fourth regional consultative meeting for Southern Africa to discuss the upcoming triennial of the Association for the Development of Education in Africa (ADEA) took place in Luanda, Angola, on July 17-28, 2016. The ADEA 2017 Triennial will be held in March, next year, in Marrakech, Morocco.
AfDB and Government of India pledge to make Bank’s 2017 Annual Meetings a resounding success
19-Sep-2016 - The African Development Bank Group (AfDB) and the Government of India have pledged to make the Bank Group’s 2017 Annual Meetings a resounding success. The Meetings are scheduled to take place in Ahmedabad, the capital of the state of Gujarat, from May 22-26, 2017. The commitment followed a Memorandum of Understanding endorsed by both parties on Thursday, September 15, 2016, at the end of the Bank’s first Annual Meetings Preparatory mission to assess facilities and logistics for the event in Ahmedabad.AfDB mobilizes 28.6 billion FCFA for local development in Senegal
15-Sep-2016 - On September 14, 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of 34.78 million units of account (approximately 28.6 billion FCFA) to the Republic of Senegal to fund Phase 1 of the Support Programme for Reform of Local Development (PARDL-I).
The AfDB pledges US $1.4 billion in funding for Senegal for 2016-2020, including US $48.4 million in budget support for 2016
15-Sep-2016 - On September 14, 2016, in Abidjan, the Board of Directors of the African Development Bank (AfDB) approved the Country Strategy Paper for Senegal for the next five years (2016-2020). The new strategy has two pillars: support to agricultural transformation and strengthening of production and competitiveness support infrastructure (energy and transport). The AfDB has pledged an estimated 1.4 million USD in funding for 2016-2020.AfDB launches 3-year USD 1 billion Global benchmark
15-Sep-2016 - On Wednesday, September 14, 2016, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a US $1 billion fixed rate US Dollar Global benchmark due 20 September 2019, the issuer’s fourth global benchmark issue in 2016. The transaction has a coupon of 1.125% and was priced at a spread of mid-swaps plus 9 basis points, the tightest 3-year benchmark pricing by the issuer since 2014, and equivalent to 26.2 basis points over the 0.875% UST due September 2019. Joint lead managers are Barclays, BofA Merrill Lynch, J.P. Morgan and TD Securities.
AfDB approves a US $2-million grant to Cape Verde and Guinea Bissau to fight the Zika virus outbreak
14-Sep-2016 - The Board of Directors of the African Development Bank Group (AfDB) on September 8, 2016 in Abidjan, approved two grants of US $1 million each, to Cape Verde and Guinea Bissau as emergency assistance to support the implementation of National Preparedness and Response Plans to fight the Zika virus outbreak in the two countries.
African Development Bank signs Letter of Intent with Mizuho Bank, Ltd
14-Sep-2016 - During the Sixth Tokyo International Conference on African Development (TICAD VI) held in Nairobi, Kenya, the African Development Bank (AfDB) signed a Letter of Intent (LOI) for business cooperation with Mizuho Bank, Ltd. (MHBK) on Saturday, August 27, 2016. The signed LOI covers a broad range of financial services, including Treasury, Trade Finance and Project Finance to support the Bank’s High 5 development priorities, which are: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and Improve the quality of life...The African Legal Support Facility signs MoU with IP3
09-Sep-2016 - The African Legal Support Facility (ALSF) and the Institute for Public Private Partnership (IP3) have signed a Memorandum of Understanding to enhance cooperation related to capacity building services offered in African countries. Cooperation between the ALSF and IP3 will facilitate the exchange of knowledge and information exchange on matters concerning legal skills needed for African countries to enhance their capacity in international transactions with international investors.La BAD approuve sa stratégie pays 2016-2020 pour la Mauritanie
09-Sep-2016 - Le Conseil d’Administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 6 Septembre 2016 à Abidjan, le Document de Stratégie Pays (DSP-Mauritanie) de la BAD qui couvre la période 2016-2020. Ce document de stratégie s’articule autour de deux (2) piliers, notamment : Promotion de la transformation de l’Agriculture et Renforcement de l’offre de l’énergie électrique.
Policies on food processing necessary to strengthen Africa’s agriculture
09-Sep-2016 - The African Development Bank (AfDB) President, Akinwumi Adesina, has addressed the challenge of post-harvest losses in Africa, while outlining the importance of policy regulations to end the losses in a continent that spends US $35 billion on food imports each year.
Water central to achieving High 5s and Sustainable Development Goals in Africa
09-Sep-2016 - The Senior Advisor to the President of the African Development Bank for Inclusive and Green Growth, Prof. Kevin Urama, has underscored the critical role of water in achieving long-term poverty reduction and economic growth in Africa. Speaking at a gathering of world water leaders in Stockholm, Sweden, Urama outlined the new strategic priorities of the AfDB and the centrality of water to these goals.400,000 Tunisians to benefit from AfDB water program
09-Sep-2016 - Phase II of an African Development Bank-funded water program in Tunisia will improve water services for about 400,000 rural Tunisians. Approved by the Bank’s Board of Directors on September 6, 2016, this program is designed to provide clean drinking water mostly to needy rural communities in about 20 prefectures.
US $30 billion to benefit farmers, strengthening Africa’s agriculture
09-Sep-2016 - Weiteithye Farmers Group in Mwala, Eastern Kenya, comprises about 100 small-scale farmers struggling with crop production, value addition and marketing of their produce.
African countries urged to prioritize mechanized agriculture for increased productivity
08-Sep-2016 - Limited use of improved technology is a major reason for low agricultural productivity across Africa, the African Development Bank (AfDB) has said at the ongoing African Green Revolution Forum (AGRF) in Nairobi. “Low use of technology is partly why Africa continues to be a net importer of food ,” Chiji Ojukwu, the AfDB Director for Agriculture and Agro-Industry stated Tuesday, adding that over 60 percent of the continent’s land has irrigation potential, yet only five percent of it is under irrigation.