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Tunisie : la Banque africaine de développement accorde une ligne de crédit de 100 millions d’euros à BH Bank pour soutenir le développement du secteur privé

27-Jun-2019 - 27-Jun-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, aujourd’hui, une ligne de crédit de 100 millions d’euros en faveur de la banque publique tunisienne BH BANK afin de soutenir le secteur privé tunisien. La ligne de crédit permettra à BH Bank de renforcer ses activités de financement en direction des entreprises intervenant dans les secteurs de la santé, du logement social, de l’industrie et des énergies renouvelables. Les acteurs privés vont ainsi bénéficier de prêts d’investissement à long terme et...

African Development Bank sensitizes regional Staff on Nutrition

27-Jun-2019 - 27-Jun-2019 - The African Development Bank hosted a sensitization session on “Banking on Nutrition” for staff from the West and Central Africa offices at its headquarters in Abidjan, Cote d’Ivoire, on 24 June 2019. The event involved representatives from partner organizations specialized in the nutrition field such as Nutrition International, which provided technical support and developed a capacity building toolkit on nutrition for Bank staff. The “Banking on Nutrition” program was also supported by Big Win Philanthropy and the Aliko Dangote...

South Africa: Agripreneurs Forum welcomes young entrepreneurs and investors

27-Jun-2019 - 27-Jun-2019 - The third African Youth Agripreneurs Forum and AgriPitch competition, a platform connecting sector start-ups with potential partners and financiers, has opened in Cape Town under the theme: “Climate Smart Agriculture: Business and Employment Opportunities for Africa’s Youth. The event is being organised by the African Development Bank, in partnership with the government of the Western Cape. The event has attracted over 200 participants from across the continent including youth agripreneurs, agribusiness companies, investors,...

Malawi : la Banque africaine de développement accorde 37 millions de dollars en faveur du corridor d’intégration de Nacala

26-Jun-2019 - 26-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, le mercredi 19 juin, un soutien financier de 37 millions de dollars américains pour la réalisation de la phase V du corridor routier de Nacala, au Malawi. Projet d’intégration sous-régionale en Afrique Australe, l’aménagement du corridor de Nacala consiste, d’une part, à rénover un tronçon routier de 55 kilomètres entre les villes de Nsipe et de Liwonde, dans le centre du pays, et, d’autre part, à construire un poste frontière entre le Malawi et le...

Integrity in Development Projects: African Development Bank Blacklists Oceanic Construction and Engineering Nigeria for 48 Months for Fraudulent Practices

26-Jun-2019 - 26-Jun-2019 - The African Development Bank Group has blacklisted Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for fraudulent contract bidding, the Bank announced on Wednesday. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the company misrepresented its year of incorporation, the value of its reference contracts, and the experience of its key personnel while bidding for two works contracts under the Bank-financed Urban Water...

African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan

25-Jun-2019 - 25-Jun-2019 - The Board of Directors of the African Development Bank on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works, including metering and public water collections outlets. The project will also cover feasibility and engineering design for two other towns under the...

African Development Bank hosts experts to accelerate food transformation in West Africa through technology

25-Jun-2019 - 25-Jun-2019 - The African Development Bank has hosted a group of experts to discuss how technology can be deployed to transform food systems in West Africa. The Bank co-hosted the workshop with the International Fund for Agricultural Development, the African Green Revolution Alliance, the World Economic Forum and Rabobank for the Food Systems Action Platform (FSAP) for West Africa at the Bank’s headquarters in Abidjan, Cote d’Ivoire, on 20-21 June. More than 70 representatives from multi-lateral organizations attended the two-day session,...

The African Development Bank’s High 5 priorities are making a vital contribution to the continent's integration

24-Jun-2019 - 24-Jun-2019 - The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets. This is according to the 2019 Annual Development Effectiveness Review (ADER), released at the Bank’s Annual Meetings held from 11-14 June 2019, in Malabo, Equatorial Guinea. Every year, the ADER examines the Bank’s operational effectiveness and its organisational efficiency, using the Bank’s results measurement framework. It brings together evidence of strengths and weaknesses to provide...

Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.

24-Jun-2019 - 24-Jun-2019 - Infrastructure, agricultural-processing zones, air cargo facilities,  and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.   In attendance were Senior Vice President Charles Boamah; Jennifer Blanke, Vice-President for...

African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)

24-Jun-2019 - 24-Jun-2019 - The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from 11-14 June. The Bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the...

African Development Bank hosts masterclass on women’s skills in business development

24-Jun-2019 - 24-Jun-2019 - The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management. 40 business women, who came through an online application process, will attend the two-day masterclass, which will cover financial planning, lean start-up methodology and business model canvassing. A mentoring and coaching session will help participants to broaden their skills. The masterclasses are jointly...

Accelerating Africa’s transformation via a vibrant digital economy

21-Jun-2019 - 21-Jun-2019 - Affordable, inclusive connectivity, coupled with digital skills and literacy, are essential elements in the fight against inequality in the digital age, experts at the European Commission’s 2019 European Development Days (EDD) Forum, emphasised. “One of the most impactful sector reforms that we have seen in Africa over the past two decades has been the mobile revolution and this innovation has spread to mobile money and other services,” said African Development Bank Vice President for Private Sector, Infrastructure and...