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Ministerial Conference on “Providing Africa’s Youth with Skills and Training for Jobs” opened by Prime Minister of Côte d’Ivoire

30-Jul-2014 - The Ministerial Conference on “Providing Africa’s Youth with Skills and Training for Jobs”, the proceedings of which began on July 21, was officially opened on Tuesday, July 22 by the Prime Minister and Minister of the Economy, Finance and Budget of Côte d’Ivoire, Daniel Kablan Duncan.

2nd EAC-AfDB Technical Planning Meeting concludes in Arusha

30-Jul-2014 - The 2nd East African Community/African Development Bank Technical Planning meeting to review the status of implementation of the ongoing projects financed by the Bank concluded on Friday, July 25 at the EAC Headquarters, in Arusha, Tanzania.

AfDB President to pay official visit to Angola to support the country’s infrastructure program and policy reforms in the power sector

27-Jul-2014 - The President of the African Development Bank (AfDB), Dr. Donald Kaberuka, will undertake an official visit to Angola from 28th to 30th July 2014. This visit aims at supporting the efforts of the Government of Angola in implementing its mega infrastructure program and the policy reforms required for the efficiency of the Power sector and the Public Finance Management and Procurement Systems.

AfDB co-hosts 3rd African Women’s Economic Summit in Lusaka

24-Jul-2014 - AfDB Gender Envoy calls for improved banking services for women as well as access to finance

AfDB’s New Rice for Africa dissemination project receives US Treasury Award for Development Impact

23-Jul-2014 - The African Development Bank’s New Rice for Africa (NERICA) project received Development Impact Honors on Wednesday, July 23 from the US Treasury Department in an awards ceremony in Washington, DC.

AfDB issues its inaugural local currency bond in the Nigerian Capital Market

18-Jul-2014 - After receiving the Securities and Exchange Commission (“SEC”) of Nigeria’s approval to establish a NGN 160 billion (approximately USD 1 billion) Medium Term Note (MTN) Programme and “No Objection” from the SEC to start the book building process on June 6, 2014, the African Development Bank (“AfDB” or the “Bank”) proceeded to tap the market for its maiden local currency issuance in the Nigerian capital market.

Ministerial Conference on “Providing Africa’s Youth with Skills and Training for Jobs” to kick off July 22 in Abidjan

18-Jul-2014 - The Inter-Country Quality Node on Technical and Vocational Skills Development (ICQN-TVSD), which is steered by Moussa Dosso, Minister of State of Côte d’Ivoire in partnership with ADEA, will hold a high-level Ministerial Conference on “Providing Africa’s Youth with Skills and Training for Jobs” in Abidjan, Côte d’Ivoire from July 22-23, 2014. The Conference will be opened officially by the Prime Minister of Côte d’Ivoire, Daniel Kablan Duncan.  

Egypt: employment dynamics and productivity

17-Jul-2014 - In its latest economic brief, the AfDB analyses employment and productivity dynamics in Egypt.

AfDB Independent Development Evaluation releases Transport Issue of eVALUation Matters

14-Jul-2014 - The June 2014 issue of the African Development Bank’s (AfDB) quarterly knowledge publication, eVALUation Matters, was released on July 11. This issue focuses on the transport sector in Africa, a sector that has long languished behind that of other world regions.

Nine low-income African countries win funding to transform renewable energy services

07-Jul-2014 - At the semi-annual Climate Investment Funds (CIF) governing body meetings held June 25-28 in Montego Bay, Jamaica, nine African nations were chosen to receive new funding and operational support from the CIF’s Scaling Up Renewable Energy in Low Income Countries Program (SREP).

AfDB approves USD 75 million non-sovereign guarantee corporate loan for energy project in Southern Tunisia

07-Jul-2014 - The Board of Directors of the African Development Bank (AfDB) Group approved on June 26 a 7-year, non-sovereign guarantee, USD 75 million corporate loan to the Entreprise Tunisienne d’Activités Pétrolières (ETAP), the Tunisian state-owned oil and gas exploration and production company, to finance part of the South Tunisian Gas Project (STGP)/ Nawara project.

SEFA and AREF reach out to Nordic investors in renewable energy

02-Jul-2014 - The promotion of renewable energy in Africa was the focus of a seminar entitled Opportunity Africa: Sustainable Energy Investments held on June 24 and 25 in Copenhagen, Denmark. The gathering was jointly organized by the Danish Development Agency (DANIDA), UNEP Risoe Centre and the African Development Bank (AfDB).

AU, AfDB Ink Agreement for Improved Access to Rural Water Supply and Sanitation for 5 Million People

02-Jul-2014 - The Government of Rwanda, spearheading an African Union-led initiative, and the African Development Bank Group (AfDB) have signed an agreement aimed at providing at least EUR 50 million (approx. USD 70 million) within an Africa-wide resource mobilization initiative. The initiative will finance improved access to drinking water, sanitation and hygiene in Africa.

AfDB and Nomura Announce Sales of Food Security Bond

30-Jun-2014 - The African Development Bank (AfDB), a leading multilateral development bank, rated Aaa/AAA/AAA, and Nomura, Asia’s global investment bank, have finalized the terms of secondary distribution of AfDB’s food security bonds to Japanese retail investors. The bonds are denominated in Brazilian Real and have a three-year tenor. This is the first transaction the two organizations have collaborated on in this field. Food security bonds issued by AfDB are underwritten by Nomura and distributed through Nomura’s nationwide domestic franchise.

AfDB creates African pilot climate technology and finance centre with GEF support

30-Jun-2014 - The Board of the African Development Bank (AfDB) approved on June 27th the creation and management of a pilot Africa Climate Technology Finance Center and Network (ACTFCN) for a three-year period to support the deployment and scaling-up of both climate change mitigation and adaptation technologies.

Côte d’Ivoire : La BAD appuie le renforcement de l’inclusion et de la cohésion sociale

27-Jun-2014 - Le Groupe de la Banque africaine de développement (BAD) et la Côte d’Ivoire, respectivement représentés par Janvier Kpourou Litse, directeur en charge du Nepad, de l’Intégration régionale et du commerce et Nialé Kaba, ministre ivoirien en charge de l’Economie et des Finances, ont procédé le 25 juin 2014 à Abidjan, à la signature de protocoles de dons relatifs au 

Technical Cooperation: The United Kingdom to provide AfDB with additional resources to benefit regional member countries

26-Jun-2014 - The Board of Directors of the African Development Bank (AfDB) has approved a Framework Technical Cooperation Agreement (FTCA) between the AfDB and the Government of the United Kingdom. Under this agreement, the United Kingdom will donate two million GBP (US$ 3.35 million) in untied funds to AfDB over a five-year period. This donation will cover all cooperation activities of a technical assistance nature between the two partners.

AfDB approves US$ 117 million loan for Mauritius power plant

25-Jun-2014 - The Board of Directors of the African Development Bank (AfDB) approved on 25 June, 2014 a US$ 116.7 million loan to the Mauritius Central Electricity Board (CEB), the state owned electricity utility, for the redevelopment of the Saint Louis Power Plant.

AfDB to finance its first renewable energy independent power producer project in South Africa

25-Jun-2014 - On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in South Africa.

République centrafricaine : La BAD reprend ses opérations pour appuyer le processus de transition en cours

24-Jun-2014 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé le 23 juin à Tunis, le document d’assistance intérimaire à la transition 2014-2016 de la République centrafricaine (RCA).