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Payment for Environmental Services, a promising new tool to sustain long-term green investments

09-Jun-2015 - The African Development Bank launched on Tuesday, June 9, its report, Payment for Environmental Services: A promising tool for natural resources management in Africa, the first of a new AfDB-Climate Investment Funds knowledge series.

AfDB with GEF support continues to strengthen resilience to climate change in Africa

09-Jun-2015 - The Global Environment Facility (GEF) approved USD 35 million in funding to improve climate resilience to be channeled through the African Development Bank for programs in Côte d’Ivoire, Chad, Zambia, in addition to one which spans several countries. The announcement was made at the recent 48th session of the GEF Council Meeting during which the largest GEF work program in its 23 years of history – USD 709 million – was endorsed.

South Africa: AWF named Project Preparation Facility of the Year by Africa investor

09-Jun-2015 - The African Water Facility (AWF) was recognized as “Project Preparation Facility of the Year” at the Africa investor (Ai) CEO Infrastructure Developers and Investment Summit 2015, during a ceremony held in Cape Town, South Africa, on Tuesday, June 2.

Boosting Agriculture, Services and Value Chains is Key to Africa’s Competitiveness

04-Jun-2015 - African economies’ prospects for long-term, sustainable growth are under threat from weakness in the core conditions necessary for competitive and productive economies, despite outwardly healthy-looking growth rates in many parts of the region, according to the African Competitiveness Report, released on Thursday, June 4 in Cape Town.

African Development Bank unveils first-ever study of female board membership in Africa

03-Jun-2015 - Africa may stack up pretty well compared with the world’s regions on having companies with female board members, but the continent has a distance to go to make sure its strong economic growth includes its most talented women at the top, according to the first-ever study of female board membership in Africa, unveiled during the World Economic Forum Africa, by the African Development Bank, commissioner of the study.

African Legal Support Facility to participate at the Africa Energy Forum in Dubai

02-Jun-2015 - The African Legal Support Facility will participate in the 17th Annual Africa Energy Forum in Dubai, United Arab Emirates from June 8-11, 2015. The event held annually allows participants to deliberate about developments in Africa’s power sector. Over the course of three days, the African Legal Support Facility (ALSF) will host the Ministerial Session that will feature over 9 Ministers from African countries where they will share insights and knowledge on the power sector in their respective countries.

« Il faut mettre un accent prononcé sur les partenariats et harmoniser les opportunités et le financement,» Kodeidja Diallo, directrice du département du développement du secteur privé de la BAD

02-Jun-2015 - Un des grands sujets en débat lors des Assemblées annuelles de la BAD, à Abidjan, du 25 au 29 mai 2015, c’est la question brûlante de financement des grands projets typiques en infrastructure ou dans l’industrie lourde. Pour Kodeidja Diallo, dans notre continent, toutes les institutions de développement et les économistes des Banques d’affaires sont unanimes sur l’énorme déficit en infrastructure pour atteindre les objectifs du millenium. Quelle adéquation entre financement de projets et opportunités ? Comment atteindre l’émergence promise par...

African Natural Resources Center seeks comments on its strategy for 2015-2020

02-Jun-2015 - The newly established African Natural Resources Center (ANRC), African Development Bank (AfDB) Group, has launched an online consultation to seek comments from all stakeholders on its draft strategy for 2015-2020.

Capacity building for SADC Parliamentarians on Value for Money in Social Sectors

02-Jun-2015 - The African Development Bank is organizing from June 9-10, 2015 in Harare a capacity-building activity for Southern African Development Community (SADC) parliamentarians on ‘Value for Money in Social Sectors’.

Mauritanie: un million USD de la BAD pour l’aménagement hydro-agricole de Brakna-Ouest

01-Jun-2015 - Le ministre des finances, gouverneur du Groupe de la Banque africaine de développement (BAD) pour la Mauritanie, Al Moctar Ould Djay,  et vice-président de la BAD en charge des opérations sectorielles, Aly Abou-Sabaa, ont signé, le 27 mai 2015 à Abidjan, un protocole de don, d’environ un million USD, au titre du mécanisme de financement de la préparation du projet d’aménagement hydro-agricole de Brakna-Ouest  dans le pays.

AfDB hosts launch of New Deal Monitoring Report

01-Jun-2015 - The Transition Support Department (ORTS) of the African Development Bank kicked off Day 1 of the Bank’s 2015 Annual Meetings on Monday, May 25 by hosting the International Dialogue on Peacebuilding and Statebuilding’s (IDPS) 2014 New Deal Monitoring Report (NDMR) launch.

Structural change needed to spur innovation in Africa: AfDB 2015 Annual Development Effectiveness Review

29-May-2015 - The Annual Development Effectiveness Review presents the performance of the African Development Bank  

AfDB funds USD 70.5 million for Tanzania’s power sector reform and governance support programme

29-May-2015 - Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth. It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord on May 27 in Abidjan.

Egypt, AfDB sign two loans and a grant for Sharm el-Sheikh airport development

29-May-2015 - The African Development Bank (AfDB) and Egypt, on May 29 in Abidjan, signed two loans and a letter of agreement. The two loans are worth US $140 million – US $90 million from the AfDB window and US $50 million loan from the Africa Growing Together Fund (AGTF). The letter of agreement concerned a grant from the Middle Income Countries (MICs) Technical Assistance Fund of UA 1.2 million (approximately $1.7 million).

Curtain falls on 2015 AfDB Annual Meetings in Abidjan

29-May-2015 - The 50th Annual Meetings of the African Development Bank (AfDB) and the 41st meetings of the African Development Fund (ADF) closed on Friday, May 29, 2015 in Abidjan, Côte d’Ivoire, after five days of intensive activities including the commemoration the Bank’s 50th anniversary and the election of its 8th President.

Panelists call for strong Paris agreement, climate finance justice for Africa

28-May-2015 - Panelists at high-level event on climate change on Tuesday have renewed their call for a strong and universal climate change agreement with increased flows of funds, sufficient to fulfill Africa’s development aspirations.   This is in addition to the need to have adequate, predictable, sustainable climate finance resources to address Africa’s challenges in transitioning to low-carbon development, climate-smart agriculture, and sustainable urban development.  

AfDB: A focus on Africa’s economic transformation to inclusive sustainable growth

27-May-2015 - For a continent which has consistently posted robust economic growth in the past decade, recent reports that the continent is the bastion of inequality recording 42.6 on the Gini Coefficient Index (a standard measure of income equality) is quite disturbing. Trends in inequality in African and other developing countries

AfDB weighs options for Africa’s economic transformation

27-May-2015 - As Africa’s premier development finance institution, the African Development Bank has kept faith with its mission by positioning itself at the centre of Africa’s transformation in line with its 2013-2022 Ten Year Strategy. Anchored on two pillars – inclusive growth and gradual transition to green growth – the strategy has infrastructure development, regional integration, private sector development, governance and skills and technology as focus areas of the Bank’s intervention.

AfDB scaled up project funding by 15% to US$ 7.6 billion in 2014

27-May-2015 - The African Development Bank Group (AfDB) realised a 15.3-percent increase in its operations turnover in 2014 compared to 2013 despite the challenging global and regional economic environment, according to AfDB 2014 Annual Report. Support to infrastructure accounted for over half of the US $7.6 billion invested in the Regional Member Countries (RMCs) during the year, representing a 15.3-percent increase over the 2013 funding portfolio.

AfDB signs US $100 million Risk Participation Facility with FirstRand Bank S.A. to boost African trade

27-May-2015 - The African Development Bank (AfDB) formally signed on Wednesday, May 27 in Abidjan, Côte d’Ivoire, in the prelude of the 50th AfDB Annual Meetings, a USD 100 million unfunded Risk Participation Agreement (RPA) with FirstRand Bank S.A. which the two banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks in Africa and confirmed by FirstRand Bank.