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African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market

20-Jun-2019 - 20-Jun-2019 - The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa. The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives of the main correspondent banks operating in Africa - Commerzbank, Deutsche Bank, Standard Chartered Bank, standard-setting bodies (FSB, SWIFT, GLEIF) and other...

MDB climate finance hit record high of $43.1 billion in 2018

20-Jun-2019 - 20-Jun-2019 - Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion. The latest MDB climate finance figures are detailed in the 2018 Joint Report on Multilateral Development Banks’ Climate Finance, which combines...

Deuxième jour en RDC du président Adesina : dialogue stratégique avec les membres du gouvernement pour insuffler une dynamique au partenariat

19-Jun-2019 - 19-Jun-2019 - Insuffler une nouvelle dynamique au partenariat bilatéral entre la Banque africaine de développement et la République démocratique du Congo (RDC), et explorer des pistes susceptibles de renforcer la croissance économique du pays. Tels sont les deux objectifs du dialogue stratégique organisé entre la Banque et les membres du gouvernement congolais (Ministres des finances, du budget, de l’agriculture, des PME, de l’énergie, du transport, des mines, du plan, de la santé et du développement rural), à l’Hôtel-Fleuve-Congo, à Kinshasa...

Le chef de l’Etat congolais, Félix Tshisekedi, et le président de la Banque africaine de développement, Akinwumi Adesina, animent un forum sur le secteur privé

19-Jun-2019 - 19-Jun-2019 - Dans le cadre de la visite officielle de quatre jours du président du Groupe de la Banque africaine de développement, Akinwumi Adesina, en République démocratique du Congo (RDC), les opérateurs économiques congolais ont débattu, le 18 juin 2019 à Kinshasa, des opportunités d’investissements. Les secteurs majeurs visés étaient l’agriculture, l’énergie, les mines, l’hydrocarbure, le tourisme et l’éducation. Ils ont également présenté la « vision stratégique » du patronat qui peut se résumer comme suit : diversification économique...

RDC : Première journée de la visite officielle du président Adesina, dépôt de gerbe de fleurs, rencontre avec la presse

18-Jun-2019 - 18-Jun-2019 - Le président de la Banque africaine de développement, Akinwumi Adesina, est arrivé à Kinshasa dans le cadre d’une visite officielle de quatre jours, à l’invitation du président de la République démocratique du Congo (RDC), Félix Tshisekedi. La délégation de la Banque a été chaleureusement accueillie par les autorités. Adesina était accompagné, pour la circonstance, de l’administrateur pour la RDC, René Obam Nlong, du directeur général de la Banque africaine de développement pour l’Afrique centrale, Ousmane Doré, du directeur...

The President of the African Development Bank begins an official visit to the Democratic Republic of Congo from June 17 to 20, 2019

17-Jun-2019 - 17-Jun-2019 - The President of the African Development Bank, Dr. Akinwumi Ayodeji Adesina and a delegation begin a four-day official visit to the Democratic Republic of Congo (DRC), at the invitation of President Felix Antoine Tshisekedi Tshilombo. During the visit, intended to strengthen the bilateral partnership between the Bank Group and the DRC, Adesina will meet with the Congolese Head of State and discuss development issues. The strategic dialogue between the Bank and Congolese public and private institutions will also be at the heart...

Final communique of the fifty fourth annual meeting of the board of governors of the African Development Bank (ADB) and the forty fifth annual meeting of the board of governors of the African Development Fund (ADF)

15-Jun-2019 - 15-Jun-2019 - WE, the Governors, representing Member Countries of the African Development Bank and State Participants of the African Development Fund (the “Bank Group”), meeting in Malabo, Equatorial Guinea for the 2019 Annual Meetings from 11th to 14th June 2019 under the chairmanship of His Excellency CESAR AUGUSTO MBA ABOGO, Governor for the Republic of Equatorial Guinea, Minister of Finance and Chairperson of the Boards of Governors: 1. Deeply appreciate the presence of His Excellency MR. TEODORO OBIANG NGUEMA MBASOGO, President of the...

African Development Bank showcases impact of Korean drone technology on agricultural productivity

14-Jun-2019 - 14-Jun-2019 - At a special event highlighting the partnership between the African Development Bank and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food imports. Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests. The Bank launched the project, in cooperation with the Busan Metropolitan City in Korea with support from the Korea-...

Flying ‘sky-high’: African Development Bank Annual Meetings conclude with consensus on regional integration

14-Jun-2019 - 14-Jun-2019 - The African Development Bank on Friday concluded its Annual Meetings, amid growing consensus that regional integration is imperative to a new phase in African prosperity. Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was endorsed earlier this year. “We have had an excellent exchange with all of our shareholders. They were extremely impressed by the work achieved by the Bank, particularly in terms of...

La Banque africaine de développement accorde un financement supplémentaire aux Comores pour le secteur de l’énergie

14-Jun-2019 - 14-Jun-2019 - La Directrice Générale Adjointe de la Banque pour l’Afrique de l’Est, Nwabufo Nnenna, et le Ministre des Finances et du Budget des Comores, Saïd-Ali-Saïd Chayhane, ont signé, jeudi, un accord de financement supplémentaire de 8,63 millions d’euros, en marge des Assemblées annuelles de la Banque à Malabo, en Guinée équatoriale. Grâce à ce financement de la Banque, le gouvernement des Comores sera en mesure de poursuivre ses réformes dans le secteur de l’énergie, entamées en 2014, dans le cadre du Projet d’appui au secteur de l’...

“Let’s learn to build it ourselves,” Bank Vice President Sherif in a clarion call to regional economic blocs

14-Jun-2019 - 14-Jun-2019 - “The day we see an Egyptian farming in Sudan, growing wheat, rather than Egypt getting its wheat from Ukraine, Russia - this is regional integration. The day we see a Sierra Leonean mining his diamond and selling that diamond for the $10,000 that it deserves, not just rough stones but cut and polished, with added value; this is a different Africa”. African Development Bank Vice President for Regional Development, Integration and Business Delivery, Khaled Sherif, summarised the Bank’s aspirations for regional integration in...

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

13-Jun-2019 - 13-Jun-2019 - The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for innovative young entrepreneurs and 200,000 Swiss francs to the Urban & Municipal Development Fund for Africa (UMDF), which helps African cities plan and manage urban growth and climate-resilient development...