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AfDB’s approval of US $25-million Trade Finance Facility to CABS to boost Zimbabwe’s local firms
25-Apr-2016 - The Board of Directors of the African Development Bank (AfDB) approved a US $25-million Trade Finance Line of Credit facility to Central Africa Building Society (CABS) of Zimbabwe on April 20, 2016. This medium-term facility will help to support the expansion of CABS’ operations as a provider of trade finance to local firms as well as Small and Medium-sized Enterprises within Zimbabwe’s tradable sector.Le Conseil d’Administration de la BAD adopte le DSP 2016-2020 et la revue de la performance du portefeuille pays pour le Gabon
21-Apr-2016 - Le Conseil d’administration du Groupe de la BAD a adopté une nouvelle Stratégie de partenariat entre la Banque africaine de développement et le Gabon couvrant la période 2016-2020. Elle appuiera la mise en œuvre du Plan Stratégique Gabon Emergent et la Stratégie d’Investissement Humain du pays, selon deux piliers d’intervention, notamment, la diversification économique à travers le développement des infrastructures et l’amélioration du climat des affaires et le développement humain.
AfDB and Algeria redefine the foundations for strengthened partnership
21-Apr-2016 - After his first visit to Algeria since taking office in September 2015, the President of the African Development Bank Group (AfDB), Akinwumi Adesina, expressed his pleasure at the warmth of the welcome the Algerian authorities gave him and at the constructive dialogue throughout the two days of his visit to Algiers on April 19 and 20, 2016.AfDB and GEF boost renewable energy projects across Africa and urban planning in Cameroon
20-Apr-2016 - The Global Environment Facility (GEF) announced on April 15, 2016, the approval of USD 18 million in funding for two projects co-financed with the African Development Bank (AfDB). The first project aims at supporting African countries to shift toward renewable energy (RE) infrastructure through the preparation of RE projects, while the second seeks to help Cameroon to improve its urban planning and waste management.President Adesina’s first official visit to Algeria aims to boost ties
19-Apr-2016 - The President of the African Development Bank (AfDB), Akinwumi Adesina, arrives in Algiers today, Tuesday, April 19, for a two-day official visit. His visit comes on the heels of his participation in the World Bank-IMF Spring Meetings in Washington.
Ending malnutrition to boost the brainpower and spur economic growth in Africa
18-Apr-2016 - “The greatest contributor to economic growth is not physical infrastructure, but brainpower, or ‘gray matter infrastructure’”, says Akinwumi Adesina, President of the African Development Bank. Malnourished children do not feed their brains or bodies, and “stunted children today leads to stunted economies tomorrow”, he said Saturday in Washington during an event on global nutrition organised by the Bill and Melinda Gates Foundation.
Two day meeting of the African Legal Support Facility Management Board concludes
18-Apr-2016 - Management Board of the ALSF (from left to right) Stephen Karangizi, Director of the ALSF; Eve Sinare, Tanzania; Sixtus Vusi, Chairman of the Management Board, Cameroon; Seward Cooper, Liberia; and Pim de Keizer, Netherlands.
The future of Africa lies inside Africa
16-Apr-2016 - "If we don't fix Africa's infrastructure financing gap - which we put at some US $60-70 billion a year - we will continue to take two percentage points off Africa's annual growth rates. And we cannot allow that to happen," said African Development Bank President Akinwumi Adesina at the first ever Global Infrastructure Forum in Washington on Saturday.
Unprecedented Collaboration among Development Partners to Improve Infrastructure Implementation
16-Apr-2016 - The inaugural Global Infrastructure Forum 2016 convening here today brings together for the first time the leaders of the multilateral development banks (MDBs) -- African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and the World Bank Group – as well as development partners and reAfDB issues 1.000% US $1.0 Billion Benchmark due 15 May 2019
15-Apr-2016 - On Thursday, April 14, 2016, the African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new USD 1 billion 3-year Global benchmark transaction due 15 May 2019. The new 3-year issue is AfDB’s second USD Global benchmark this year, and follows on from a successful USD 1 billion 3-year Global benchmark transaction priced in February, which had tightened significantly in the secondary market.
“You can count on the AfDB as partner in delivering education for Africa”, says Adesina
14-Apr-2016 - Partnership – between the public, the private and the ‘third’ sector of NGOs and Foundations – was the theme of an event hosted by the Global Business Coalition for Education on Thursday in Washington. “We need to preach revolution, as things have to change”, said the Portland Trust. The Wellbeing Foundation continued: “We cannot exist; we cannot pursue; we cannot progress without partnerships.”
AfDB President strengthens alliances in South Africa
13-Apr-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, visited Pretoria, South Africa, April 7-8, 2016, where he strengthened alliances with stakeholders in line with the Bank new corporate priorities – the High 5s. The President also positioned the Bank as a key development partner by leveraging resources to support the African countries in implementation of the Bank’s “High 5s” (Light up and power Africa, Feed Africa, Integrate Africa, Industrialize Africa, and Improve the quality of life for the people of Africa).
The future of food
13-Apr-2016 - “We need to look afresh at agriculture in Africa as a series of systems, and to see it not as a way of life, but a business”, said African Development Bank Acting Vice-President for Operations, Kapil Kapoor, at a World Bank Spring Meetings panel on ‘The Future of Food’ on Wednesday. But the challenges of food and agriculture are global: while 2 billion people in the world are undernourished, 2 billion are obese or overweight. The world wastes one-third of the food it produces.
Prize-winning SEFA-financed JUMEME rural electrification project in Tanzania begins operations
11-Apr-2016 - JUMEME Rural Power Supply Ltd. (JUMEME) vient de célébrer le lancement opérationnel de son projet, qui fournira de l’électricité à plus de 100 000 personnes et à 2 340 petites entreprises dans les centres ruraux de la Tanzanie, grâce à des mini-réseaux hybrides fonctionnant à l’énergie solaire.AfDB nominated for continental infrastructure awards
08-Apr-2016 - The African Development Bank (AfDB) has been shortlisted for the Africa investor (Ai) Infrastructure Project Developer Awards 2016. It has been nominated in the category of Ai African Project Development Financier of the Year. Other nominees in the same category include the World Bank, Industrial Development Corporation, American Capital Energy & Infrastructure, Overseas Private Investment Corporation, and Islamic Corporation for the Development of the Private Sector, among others.
With AfDB support, 150,000 Liberian farmers to benefit from financing, innovative technology
08-Apr-2016 - Liberia, a small country of 4 million inhabitants located in West Africa, is on the verge of undergoing one of the most transformational moments in its agricultural history. With 10% of its adult population having subscribed to mobile money accounts, Liberia can boast of soon being able to double this figure thanks to the Liberian Agriculture Transformation Agenda (LATA), launched by the Government of Liberia with the support of the African Development Bank.Maroc : la BAD alloue 112 millions $ aux infrastructures ferroviaires de l’axe Tanger–Casablanca–Marrakech
08-Apr-2016 - La Banque africaine de développement (BAD) a signé, ce 8 avril 2016, un accord de prêt d’un montant de 112,3 millions de dollars EU, en faveur de l’Office national des chemins de fer (ONCF) marocain. Ce prêt permettra de financer le doublement complet de la voie entre Settat et Marrakech, sur 141 km, et les travaux de renforcement des infrastructures ferroviaires sur le même axe.Kenya to tap into Rift Valley geothermal resources and strengthen private sector investment in renewable energy
07-Apr-2016 - With African Development Bank (AfDB) support, Kenya has received approval from the Climate Investment Funds’ Clean Technology Fund (CIF-CTF) for a US $29.65-million concessional loan to co-finance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift Valley.