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Signing the Fourth Loan Under EPSA - Remarks by the AfDB President Donald Kaberuka

16-Dec-2013 - I want to welcome you all and to express my pleasure on this occasion – the signing of the second Private Sector Assistance Loan under EPSA. This agreement, which we have gathered here to sign today in support of the private sector in Africa, is not only in line with pledge made by Japan at the G8 Gleneagles Summit in 2005. It is also a concrete realization of the outcome of the TICAD V in Yokohama.

AfDB and China to engage on environmental and social sustainability

16-Dec-2013 - An AfDB delegation, led by its Compliance and Safeguard Experts, will be travelling to Beijing from December 17-19 to exchange with Chinese authorities on policies and guidelines for environmental and social safeguards.

AfDB Holds Consultation Day on its New Governance Strategy

13-Dec-2013 - The African Development Bank (AfDB) is organizing final technical consultations with representatives from across Africa on its new Governance Strategy for 2014-2018.

AfDB Allocates US$184.79 Million to Multinational Trans-Sahara Highway Project

13-Dec-2013 - Prospects for the construction of a 9,022-kilometre strategic Trans-Sahara Highway (TSH) linking several African countries was concretised on Wednesday, 11 December 2013 in Tunis following the approval of US$ 184.79 (UA120.37)* million by the Board of Directors of the African Development Bank Group (AfDB).

Rural Water Supply and Sanitation Initiative Meets in Abuja

13-Dec-2013 - The first Rural Water and Sanitation Initiative (RWSSI) Coordination Committee took place in in Abuja, Nigeria on 5 December 2013. The meeting aimed to facilitate coordination at national and regional levels and to create an effective platform for coordinating RWSSI advocacy activities supplementing the African Minister’s Council on Water’s (AMCOW) political leadership role.

AfDB to provide $28.92 million to boost youth employment and training in Côte d’Ivoire

11-Dec-2013 - The African Development Bank (AfDB) has signed a loan agreement for US $21.34 million, together with a grant agreement protocol for the sum of $7.56 million. Both agreements relate to the program to support improving youth employability and integration, approved by the Bank’s Board of Directors on December 4, 2013.

AfDB Launches Information Center for the Extractive Sector

11-Dec-2013 - The African Development Bank (AfDB) on Wednesday, December 11 in Nairobi, Kenya, launched the Information Center for the Extractive Sector (ICES), a platform that promotes knowledge-based dialogue with the aim of promoting informed policies for the sector. AfDB Director for the Eastern Africa Resource Centre (EARC) Gabriel Negatu pointed out the timeliness of the information center, saying the opportunity to use the sector to accelerate national development and promote economic growth requires careful planning at this critical stage.

AfDB Board Approves $105.26 Million for Lovua-Tshikapa Section of the Batshamba-Tshikapa Road Project in DRC

11-Dec-2013 - The Board of Directors of the African Development Bank Group approved on Tuesday, December 10, 2013 in Tunis, two grants and a loan amounting to US $105.26 million (UA 70.14 million*) to finance the Lovua-Tshikapa section of the Batshamba-Tshikapa road project in the Democratic Republic of Congo.

AMCOW Receives 2 million Euros in AWF Funding for Water Sector Reporting

11-Dec-2013 - The African Water Facility (AWF) has offered the African Ministers Council on Water (AMCOW) a €2 million grant to establish a monitoring and reporting system for the water sector in Africa. The project is in line with the Africa Water Vision call for action for the creation of a sustainable system for monitoring and sharing of information on all aspects of water use in the continent.

AfDB Approves US $20 million Trade Finance Line of Credit for Shelter Afrique to Support Real Estate SMEs

11-Dec-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, December 11 a US $20 million Trade Finance Line of Credit for the Company for Habitat and Housing in Africa/Shelter Afrique (SHAF) to boost the availability of Trade Finance (TF) instruments to small and medium enterprises (SMEs) involved in real estate and construction related activities in Africa. Thereby, this facility will contribute to addressing the critical shortage of building materials while creating jobs and income in the region.

Ministerial Forum in Tunis will discuss ICT integration policies that drive and accelerate the transformation of Africa’s education and training systems

10-Dec-2013 - From December 9 to 11, Tunis is hosting the First African Ministerial Forum on ICT Integration in Education and Training. The aim of this initiative is to help African Education Ministers to introduce effective, relevant policies integrating information and communication technology (ICT) that will drive and strategically accelerate the transformation of their education and training systems.

Financial Inclusion for a Sustainable and Inclusive Growth in Africa

10-Dec-2013 - A new publication, Financial Inclusion in Africa, released on Monday, December 9 by the Complex of the Chief Economist of the African Development Bank (AfDB) finds that for sustained and inclusive development to thrive, a great deal of innovation is needed to ensure that appro

The Republic of Turkey Joins African Development Bank Group

09-Dec-2013 - The Republic of Turkey participated in the African Development Bank Group’s Board Meetings for the first time last week in Tunis, following the country’s admission as the 26th State Participant in the African Development Fund and the 78th Member State of the African Development Bank.

Sommet de l’Élysée : le président de la BAD plaide pour un financement innovant du développement

09-Dec-2013 - Donald Kaberuka, président de la Banque africaine de développement (BAD), a lancé un vibrant appel aux chefs d’Etat réunis à Paris, dans le cadre du Sommet de l’Élysée, pour soutenir la nouvelle initiative de la BAD qui entend mobiliser des ressources, le fonds Africa50. « Le déficit dans le financement des infrastructures est tel, a-t-il déclaré au palais de l’Elysée, que les seules finances publiques ne peuvent plus suffire à le combler. »

AFMI announces launch of revamped website

09-Dec-2013 - The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB), on Monday, December 9 announced the official launch of the redesigned AFMI website: www.africanbondmarkets.org . The website displays new features including a mobile-friendly interface. AFMI also used the occasion to launch the inaugural edition of the AFMI newsletter, The African Bond Market Review.

Sénégal : 23,6 milliards de FCFA pour réhabiliter le Lac de Guiers et bâtir des pistes communautaires

06-Dec-2013 - La Banque africaine de développement (BAD) et le Sénégal ont signé, le 2 décembre 2013 à Dakar, trois accords de prêts et de don, portant sur un total de 23,6 milliards de FCFA. Amadou Ba, ministre sénégalais de l’Economie et des Finances ainsi que gouverneur de la BAD pour le Sénégal, et Leila Mokaddem, représentante résidente de la BAD au Sénégal, ont  cosigné lesdits accords.

AfDB Board Approves Fully Flexible Loan Product: Embedding Risk Management Features in Sovereign and Sovereign-Guaranteed Loans

05-Dec-2013 - On Wednesday, December 4, the Board of the African Development Bank Group approved the Fully Flexible Loan Product, which was developed in response to borrower demand and embeds risk-management features currently offered through the Bank’s risk management products, including sovereign and sovereign-guaranteed loans. It also introduces a maturity-based pricing structure for sovereign guaranteed borrowers that would allow them to select the loan profiles that match their funding needs and debt-management capacities. The Fully Flexible Loan...

Board of AfDB approves Strategic Framework and Operational Guidelines for the ADF Partial Credit Guarantee Instrument

05-Dec-2013 - On Wednesday, December 4, the Board of the African Development Bank Group approved the Strategic Framework and Operational Guidelines for the African Development Fund Partial Credit Guarantee Instrument. The guidelines seek to address the challenges faced by a well-performing country that can only access the concessional African Development Fund (ADF) resources in its quest to mobilize both domestic and external commercial financing for developmental purposes.

AfDB Board approves $28.92 million in support to Côte d’Ivoire Youth Employability and Insertion Support Programme

05-Dec-2013 - On Wednesday, December 4, the Board of the African Development Bank Group approved US $28.92-million in budget support composed of a loan of UA 13.91 million and a grant of UA 4.93 million to the Government of Côte d’Ivoire, from the concessionary African Development Fund resources to finance the country’s Youth Emplo

AfDB provides US $73.6 million to Malawi and Zambia for Multinational Nacala Road Corridor Phase IV

04-Dec-2013 - The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group, approved on Tuesday, December 3 a loan of US $65.0 million and a grant of US $900,000 to Malawi, and a loan of US $7.7 million to Zambia, respectively, for a total of about US $73.6 million, for the