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G8 Pledges Strong Support for AfDB Infrastructure Agenda

19-Jun-2013 - The Group of Eight most industrialized countries (G8) has expressed strong support for the African Development Bank (AfDB) Group’s priorities, especially its initiative on infrastructure and the African Legal Support Facility – which helps countries negotiate better contracts in the natural resources sector.

AfDB Workshop Seeks Reduced Remittance Transfer Fees to Facilitate Development

18-Jun-2013 - Worldwide, US $406 billion were transferred in 2012 by migrants to their country of origin, according to a World Bank report. This represents a 6.5% increase from 2011, and is three times higher than total official development assistance. This figure is expected to rise by 8% in 2013 and 10% in 2014. The total value of migrant money transfers is expected to reach US $500 billion by the end of 2015.

British PM praises AfDB, Kaberuka for Africa infrastructure work

17-Jun-2013 - British Prime Minister David Cameron has praised the African Development Bank (AfDB) and President Donald Kaberuka for pioneering initiatives to scale the continent’s infrastructure development.

AfDB President Applauds G8 for Emphasis on Greater Transparency in Taxation

16-Jun-2013 - African Development Bank (AfDB) President Donald Kaberuka on Monday applauded the G8 for its emphasis on the issues around resource mobilization through greater transparency in taxation of Africa’s natural resources.

AfDB, Club de Madrid and P80 Group Foundation to mobilize pension and sovereign wealth funds to finance the green economy in Africa

12-Jun-2013 - At the recent African Development Bank Annual Meetings in Marrakech, a high-level side event took place exploring the theme Innovative Financing for a Green Economy, defining how African stakeholders can attract private sector finance, particularly from pension and sovereign wealth funds, to finance a low carbon and climate resilient economy in Africa.

Africa making great strides toward many MDG targets yet serious challenges remain, new report says

11-Jun-2013 - Converting Africa’s impressive economic performance over the past decade into greater gains on the Millennium Development Goals (MDGs) remains a primary challenge for Africa, according to a new report.

La BAD appuie les statistiques en République Centrafricaine

10-Jun-2013 - Le Groupe de la Banque africaine de développement (BAD) et la République centrafricaine (RCA) ont signé, le 31 mai 2013 à Marrakech, au Maroc, un accord de don relatif au projet d’appui aux statistiques et à la mise en œuvre du deuxième Document de stratégie de réduction de la pauvreté (DSRP), pour un total de 2,034 millions de dollars EU.

Africa Hub of Sustainable Energy for All Initiative Launched at AfDB Meetings

10-Jun-2013 - The Sustainable Energy For All (SE4All) Africa Hub was launched Friday, May 31, during the African Development Bank’s (AfDB) 2013 Annual Meetings in Marrakesh, Morocco.

AfDB signs a USD 100 million Risk Participation Agreement with Commerzbank AG to support Trade Finance in Africa

07-Jun-2013 - The African Development Bank (AfDB) formally signed on May 29th in Marrakech, Morocco, in the prelude of the 48th AfDB Annual Meetings, a USD 100 million unfunded Risk Participation Agreement (RPA) with Commerzbank AG under which the two banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks in Africa and confirmed by Commerzbank AG.

AfDB Renews Support to the Inga Hydro-power Project in DRC

06-Jun-2013 - The African Development Bank (AfDB) Group and the Government of the Democratic Republic of Congo (DRC) signed two grant agreements for a total of US $5.250 million in Marrakech on the sidelines of the AfDB Annual Meetings. Initialed by the AfDB First Vice-President, Emmanuel Mbi, and DRC’s Deputy Finance Minister, Patrice Kitebi, the two grants are intended to provide technical assistance for the development of the Inga hydro-power plant located on the banks of the Congo River.

AfDB President Kaberuka and Japan Prime Minister Hold Talks on Africa Growth

05-Jun-2013 - Japanese Prime Minister Shinzo Abe this week held talks with African Development Bank (AfDB) President Donald Kaberuka, in which the Japanese leader pledged continued financial support for African development projects and programmes delivered through the AfDB.

Africa’s Top Bankers Honoured at a Star-studded Evening in Marrakech During the African Development Bank Annual Meetings

03-Jun-2013 - The President of the African Development Bank, Donald Kaberuka, received an exclusive prize given by Ozwald Boateng’s Made in Africa Foundation at the biggest-ever African Banker Awards ceremony on May 29 during the Bank’s Annual Meetings in Marrakech.

Visa Requirements in Africa Hamper Trade and Job Creation, Concludes Panel at the African Development Bank Annual Meetings

31-May-2013 - “Africa is one of the regions in the world with the highest visa requirements. Visa restrictions imply missed economic opportunities for intra-regional trade and for the local service economy such as tourism, cross-country medical services or education.” – Professor Mthuli Ncube, Chief Economist and Vice-President of the African Development Bank. 

Transforming Africa’s Trade Finance Industry: What Next?

31-May-2013 - On the margins of the African Development Bank Group (AfDB) 48th Annual Meetings, in a side event gathered on May 29th 2013, Trade Finance (TF) leaders and practitioners met to exchange views on their perspectives of the trade finance industry in Africa.  TF contributes positively to private sector development, at the core of Africa’s Structural Transformation, and inclusive growth.

Au Revoir Marrakech: Curtain Falls on AfDB 2013 Annual Meetings

31-May-2013 - Governors Endorse AfDB’s Return to headquarters in Abidjan; Approves Ten-Year Strategy 2013-2022 Kigali, Abidjan and Lusaka to Host 2014, 2015 and 2016 AMs, respectively.

AfDB Signs US$400M Risk Participation Facility with Standard Chartered to Support Trade Flows of Approximately US$3.6 Billion in Africa

31-May-2013 - The African Development Bank (“AfDB”) and Standard Chartered Bank (“Standard Chartered”) today signed a US$400 million Risk Participation Agreement that will provide significant trade finance support for imports and exports across vital economic sectors including agriculture and food to corporate and financial institution clients in Africa.

International Award Recognizes Innovative Use of Development Aid in Africa

31-May-2013 - The African Guarantee Fund (AGF), which was established as part of the Danish Africa Commission in 2008, was last night awarded the African Banker Awards 2013 in the category of “Financial Inclusion”. The prize was awarded during the annual meeting of the African Development Bank in Marrakech, Morocco.

The AfDB Committed to a Transition to Greener Economies and Growth

30-May-2013 - On Tuesday, May 28, the African Development Bank organized at its Annual Meetings in Marrakech a high-level side event discussing how African countries could grow green and transition to a green economy.

AfDB, USAID, and Government of Sweden Launch Agriculture Fast Track Fund to Spur Investment in African Agricultural Infrastructure

30-May-2013 - Thursday 9 May 2013 - Donald Kaberuka, the President of the African Development Bank (AfDB); Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID), and Gunilla Carlsson, the Swedish Minister for International Development Cooperation, have announced the creation of an Agriculture Fast Track Fund for Africa.

New AfDB-GFI Joint Report: Africa a Net Creditor to the Rest of the World

29-May-2013 - Net Resource Transfers Out of Africa Range from US$597 Billion to US$1.4 Trillion from 1980 through 2009 Unrecorded Illicit Financial Outflows from The Continent Ranged from US$1.22-1.35 Trillion from 1980-2009, Swamping Recorded Financial Transactions Net Resource Deficit, Illicit Outflows Seriously Undermine Development