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Angola: African Development Bank approves $165 million for economic diversification

29-Oct-2019 - The Board of Directors of the African Development Bank Group on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to restore the country’s macroeconomic stability. The Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures to improve human and social development to restore fiscal balance after the economy was hit by a global slump in oil prices and repeated droughts.

African Development Bank, New Development Bank partner to deliver life-changing projects for millions of Africans

28-Oct-2019 - The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development bank established by BRICS countries of Brazil, Russia, India, China and South Africa – will work with the African Development Bank to jointly identify, prepare and co-finance projects in countries of mutual interest.

La Banque africaine de développement soutient l’économie de la mode en Afrique

25-Oct-2019 - La Banque africaine de développement, a organisé la quatrième édition des Masterclass Fashionomics Africa, du 16 au 17 octobre à Abidjan, en collaboration avec i-Hub Abidjan, Afreximbank, Suguba, Google Digital Skills for Africa, Kinaya Ventures. L’événement ciblait les entrepreneurs du textile, de l'habillement et des accessoires de mode.

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

24-Oct-2019 - The African Development Bank has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change.

African Development Bank funds Angola initiative to improve business environment and diversify exports

23-Oct-2019 - The Angolan Government has launched a study funded by the Bank through the KOAFEC trust fund to support the improvement of export diversification and the business environment.

Seedstars World partners with African Development Bank to propel youth startups and jobs

23-Oct-2019 - Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

19-Oct-2019 - Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today. 

Angola: African Development Bank approves $1 million grant to children’s food and nutrition security programs

18-Oct-2019 - The African Development Bank has approved a grant of $1 million to boost a children’s food and nutrition security program in Bié province in Angola. The resources are from a special relief fund to the government of Angola, in response to a prevailing drought that has caused severe malnutrition. The grant was approved on 23 September.

World Food Prize and World Hunger Fighters Foundation launch fellowship for young African agribusiness innovators

18-Oct-2019 - The World Food Prize Foundation and the newly launched World Hunger Fighters Foundation are partnering to provide year-long fellowships for young African food innovators and entrepreneurs. The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans to develop new technologies, champion public policy, and develop viable businesses in the field of agriculture. The young leaders will gain experience in international agriculture research centres, including food and agribusiness companies.

African Development Bank inks €12.5 million deal with Adiwale Fund for SMEs

18-Oct-2019 - The African Development Bank on Thursday signed off on its €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Bank Group’s board of directors approved the investment in March as part of its commitment to grow  SMEs and improve livelihoods in countries underserved by the global equity market.

2019 Global Gender Summit plans to tackle the constraints to gender equality

18-Oct-2019 - Rwanda is preparing to welcome women from all over the world for the first Global Gender Summit to be held in Africa. At a press conference on 18 October in the capital Kigali, the organizers laid out plans for the event. “We believe that GGS 2019 will be an opportunity to share best practices from all participants so that we accelerate progress on gender equality and women’s empowerment in Africa and around the world,” said Rwanda’s Minister of Gender and Family Promotion, Soline Nyirahabimana.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

17-Oct-2019 - In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda. Africa Investment Forum 2018 broke the mold for regional investments and offered lessons about what can be done when multilateral development and finance institutions decide to pull their resources together to deliver as one.

Creating Africa’s next generation of development experts: African Development Bank calls on young professionals to join its ranks

17-Oct-2019 - The African Development Bank has issued a call to young people who are interested in joining the continent’s premier finance institution. The Bank has opened applications for its Young Professionals Program, which offers a unique opportunity to young people with a passion for development to participate in offering lasting solutions to social, economic and environmental challenges.

Prepare for the agriculture of tomorrow, African Development Bank President challenges high school students at global symposium

17-Oct-2019 - Young people from around the world gathered in Des Moines Iowa at the Global Youth Institute on Thursday to interact with Nobel and World Food Prize laureates. This year, 450 exceptional high school students from 10 countries attended the three-day Global Youth Institute hosted by the World Food Prize Foundation to facilitate discussion on pressing food security and agricultural issues.

Infrastructures agricoles : La Banque africaine de développement accompagne le Gabon pour changer la donne

15-Oct-2019 - La Banque africaine de développement a assuré le Gabon de son plein soutien au Projet d’Appui au Programme GRAINE phase 1 (PAPG 1) lors d’une cérémonie vendredi 4 octobre dernier à Libreville, en apportant notamment des financements économiques et sociaux dans les domaines de l’eau, l’électricité, la santé ainsi que des infrastructures agricoles.

Africa Investment Forum 2019: USA roadshow generates strong interest

15-Oct-2019 - More than 30 U.S pension fund managers, private sector CEOs and institutional investors have signaled their strong interest in participating in the second Africa Investment Forum, scheduled to take place from 11-13 November 2019, in Johannesburg, South Africa. The Africa Investment Forum is an innovative investment marketplace spearheaded by the African Development Bank to attract capital for investment on the African continent.

Tunisie : la Banque africaine de développement accorde 138 millions d’euros à la STEG pour le réseau d’électricité et les énergies renouvelables

15-Oct-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, le jeudi 9 octobre, un financement total de 138 millions d’euros en faveur de la Société tunisienne d’électricité et gaz (STEG) afin de mettre en œuvre le projet d’aménagement et d’équipement du réseau de transport d’électricité (PAERTE). Ce financement comprend un prêt de la Banque de 108 millions d’euros et des ressources mobilisées auprès du fonds « Africa Growing Together Fund » (AGTF), d’un montant de 30 millions d’euros.

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

14-Oct-2019 - The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa.

Madagascar: African Development Bank launches Africa Disaster Risk Financing Programme

14-Oct-2019 - The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity (ARC), has launched the Africa Disaster Risks Financing Programme (ADRiFi) in Madagascar. ADRiFi is intended to strengthen Madagascar’s country's resilience and increase its capacity to manage climate-related disasters. Over the next five years it will also strengthen the country's capacity to evaluate disaster risk and provide early warning systems and contingency plans.

Sudan: African Development Bank approves $31.3 million grants for water and sanitation facilities

11-Oct-2019 - The African Development Bank Group on 9 October, 2019 approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project will improve livelihoods and build resilience against climate change in the two states, including nomadic communities, by enhancing reliability of water and sanitation services and enhancing the public health system to benefit some...