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Road improvement and trade facilitation: AfDB and Guinea sign US $50 million in loan agreements
13-Feb-2015 - The African Development Bank (AfDB) Group and Guinea on February 12 in Abidjan signed US $50 million in loan agreements to finance a road improvement and trade facilitation project. This Road Improvement and Transport Facilitation Project in the Mano River Union includes the tarring of 276.35 kilometres of roads in Guinea, Côte d'Ivoire and Liberia. It also provides for the building and equipment of two juxtaposed border checkpoints and the development of social infrastructure such as schools, health centres and bus stations.AfDB awards US$1 million emergency relief assistance for drought victims in Somalia
12-Feb-2015 - The African Development Bank Group (AfDB) has awarded US $1 million emergency relief assistance to Somalia where over one million people affected by drought and famine are in dire need of humanitarian assistance.African Development Bank appoints three High-Level Advisors on Fragility
12-Feb-2015 - The African Development Bank’s new Strategy for Addressing Fragility and Building Resilience for the period 2014–2019 aims to place the Bank at the centre of Africa’s efforts to pave the way for a more resilient and inclusive development trajectory. Enhancing the Bank’s leadership role in policy dialogue, partnerships and advocacy around issues of fragility is critical in this process.Africa launches platform to enhance collaboration between countries for the delivery of quality Early Childhood Development programs
10-Feb-2015 - A regional platform to improve the provision of quality Early Childhood Development (ECD) programs in Africa was launched on Monday, February 9 in Kigali, Rwanda, during the Ministerial Conference for Sub-Saharan Africa on Education Post-2015. The Inter-Country Quality Node on Early Childhood Development (ICQN-ECD) is created at the instigation of the Ministry of Education and Human Resources, Higher Education and Scientific Research of Mauritius, which has taken the responsibility of its leadership.AfDB issues 1.375% USD 1 billion global benchmark due 12 February 2020
06-Feb-2015 - On Thursday, February 5, 2015, the African Development Bank (AfDB) successfully launched and priced a new 1 billion 5-year US dollar global benchmark due February 12, 2020. This is the AfDB’s first US dollar global benchmark of the year. The transaction was announced on Wednesday, February 4 at 2:15 p.m. London time with initial price thoughts of midswaps +2 basis points area.African Development Bank participates in High-Level Event on Ebola Recovery hosted by UNDP in New York
02-Feb-2015 - On January 29, 2015, the African Development Bank, represented by Janvier Kpourou Litse, Acting Vice-President of Operations, in charge of Country and Regional Programs and Policy, participated in a High-Level United Nations Development Programme meeting on Ebola Recovery in New York.
Access to water and sanitation: AfDB, partners advocate more funding for least advanced countries
30-Jan-2015 - The African Development Bank (AfDB) reiterated on Thursday, January 29, 2015 in Addis Ababa, its commitment to mobilize additional resources for the Kigali Action Plan. This Plan aims to provide clean water and sanitation to 5 million people in the ten least-developed African countries in this area.AfDB Board approves revised Resolution establishing Bank’s Independent Review Mechanism
30-Jan-2015 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, January 28 in Abidjan the revised version of the Resolution establishing the Independent Review Mechanism (IRM) and its operating rules and procedures. These procedures simplify the process of filing complaints from persons adversely affected by a project or programme financed by the Bank. They also enable the IRM to provide advisory service to the Bank.
Sustainable Energy for All Africa Hub gathers partners in Abidjan to advance initiative across the continent
29-Jan-2015 - The African Development Bank (AfDB), as host of the Sustainable Energy for All (SE4ALL) Africa Hub, organized on January 26 and 27 a workshop in Abidjan with representatives of African countries and partner institutions. The workshop was organized in collaboration with the Global Facilitation Team headed by Kandeh Yumkella, the Special Representative of the UN Secretary General on SE4ALL. Since its launch, more than 90 Governments from around the world have formally engaged with the initiative, including 43 African countries.AfDB committed to Africa’s transformation through improved agriculture
29-Jan-2015 - The African Development Bank (AfDB) expressed on Tuesday, January 27 its support to the African Union (AU) in implementing Africa’s commitments for an accelerated agricultural growth and transformation. Speaking at a high-level event during the 24th AU Summit in Addis Ababa, AfDB Vice-President Aly Abou-Sabaa said the AfDB would bring, with other partners, an innovative financial support to the implementation of the AU Strategy and Roadmap for the realisation of 2014 Malabo commitments on agriculture and food security.AfDB Board approves Guinea Bissau’s 2015-2019 Country Strategy Paper
29-Jan-2015 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, January 28, 2014 approved Guinea Bissau’s Country Strategy Paper (CSP) for 2015-2019. The document provides a framework for the Bank’s post-crisis support to the country.
AfDB and Niger sign two agreements totalling $61 million to reduce food insecurity
27-Jan-2015 - The African Development Bank Group is firmly committed to ensuring food security in the Sahel region, especially in Niger, to strengthen the resilience of vulnerable populations in this region. On Tuesday, January 27, 2015, the Bank and the Government of Niger signed two agreements at the Bank's Abidjan headquarters. The first signature was for $42 million – $21 million in loans and $21 million as a grant. The second agreement relates to a grant equivalent of approximately $19.2 million.Sustainable Energy Fund for Africa to support a 72 MW Solar PV Power Plant in Cameroon
23-Jan-2015 - The Sustainable Energy Fund for Africa (SEFA) approved at the end of 2014 a USD 777,000 preparation grant for JCM Greenquest Solar Corporation to support the development of a 72 MW Solar Photovoltaic (PV) power plant as the first renewable energy Independent Power Producer (IPP) in Cameroon. The SEFA grant will finance environmental and social impact assessments and the cost related to the technical, legal and financial advisory services.Kenyan President Uhuru Kenyatta launches AfDB-financed Nairobi Outer Ring Road Improvement Project
23-Jan-2015 - Uhuru Kenyatta, President of the Republic of Kenya, accompanied by members of his Cabinet, officially launched, on Thursday, January 22, the commencement of the construction of the Nairobi Outer Ring Road Improvement Project, jointly financed by the African Development Bank and the Government of Kenya.
African Development Bank and MasterCard Broaden Financial Inclusion in Africa
21-Jan-2015 - On Thursday, January 22 in Davos, Switzerland, the African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and usage of digital financial services.AfDB to update its Anti-Money Laundering and Anti-Terrorist Financing Strategy
21-Jan-2015 - “Africa’s abundance of natural resources (forestry, agriculture, minerals, oil and gas), offer a major opportunity to close the development gap,” said African Development Bank’s Vice-President Aly Abou-Sabaa at the High Level Conference on Transparency and Sustainable Development held in Nouakchott from January 19-20, 2015.AWF to help tackle rising sanitation demands in the Seychelles
20-Jan-2015 - The African Water Facility (AWF) announced on January 19, 2015 that it has approved a €1.07-million grant for the development of an Integrated Comprehensive Sanitation Plan for the Seychelles. The 10-year plan will follow an integrated approach, looking at the synergies with related sectors such as waste, energy, water supply and stormwater. It will also promote innovative water re-use technologies.AfDB sends mission to Burkina Faso to support transition
19-Jan-2015 - A delegation from the African Development Bank will conduct a mission to Burkina Faso from 18 to 24 January 2015, to hold talks with senior transitional authorities. This mission, led by Sibry Tapsoba, Director of the AfDB Transition Support Department, will visit Burkina Faso as part of the transition process the country is undertaking after the fall of president Blaise Compaoré on October 31, 2014.