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Africa Investment Forum 2019: Removing obstacles to investment in Africa

12-Nov-2019 - "Identify the three main constraints on the private sector in Africa." This exercise, conducted at a working session of the Africa Investment Forum (AIF) on Monday in Johannesburg, saw some interesting perspectives emerge. The fifty participants at this session discussed challenges and the transformation needed to shift the investment rules of engagement on the continent.

Cameroun : la Banque africaine de développement et le Programme alimentaire mondial explorent des axes de collaboration

12-Nov-2019 - Le responsable pays, Solomane Kone et l’équipe des experts du Bureau de la Banque au Cameroun (COCM), ont eu une consultation avec une délégation du Programme alimentaire mondial (PAM), conduite par Janvier Litse, conseiller supérieur Afrique sur le développement financier, le 17 octobre 2019. La consultation (Deep Dive) avait pour objectif d’explorer les domaines possibles de coopération entre les deux institutions au niveau du Cameroun. 

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa production

12-Nov-2019 - Agreement is a turning point for scaling up the cocoa value chain – President Nana Addo Dankwa Akufo-Addo of Ghana Ghana is bankable, cocoa is bankable and of course Africa is bankable - Dr. Akinwumi A. Adesina, President, African Development Bank The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) signed a $600 million syndicated receivables-backed term loan on Tuesday, to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer.

Africa Investment Forum: Family businesses - an underestimated economic driving force

12-Nov-2019 - Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views on how Africa’s unexplored wealth can benefit all who live here.

Speaking up: Diplomats, policy makers and the African Development Bank share lessons on creating harassment-free workplaces

12-Nov-2019 - A conversation “shift” is occurring in workplaces resulting in more people, especially women, speaking up and reporting sexual harassment, attendees of a special panel session on the topic organized by the African Development Bank, heard. The panel discussion entitled: Ensuring the Right of Everyone to a Harassment free Work Place: Lessons from the Front Lines, was held November 6 2019, as part of the Bank’s SVP’s Knowledge Series at the Babacar Ndiaye auditorium of the Bank’s headquarters. The event was also followed live by staff in regional...

AIF 2019 : « forger un récit proprement africain sur l’Afrique pour changer le regard des investisseurs sur le continent », selon un panel d’économistes

12-Nov-2019 - En marge de la 2ème édition de l’Africa Investment Forum (AIF) qui se tient du 11 au 13 novembre à Johannesburg, des économistes ont invité les Africains à se réapproprier le récit de leur propre histoire s’ils veulent améliorer le regard des investisseurs sur leur continent.

2019 Africa Investment Forum: historic signing of high-speed railway construction concession agreement for Ghana, with the support of the African Development Bank

12-Nov-2019 - The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of the second Africa Investment Forum, running from Monday to Wednesday in Johannesburg. “It’s a great day for Ghana!” said Ghanaian President Nana Akufo-Addo. “I was here last year and I’m back this year to make sure the project moves forward. This proves how important the Africa Investment Forum is. The signing of this agreement is on track to...

Africa Investment Forum 2019: Reinventing ways of acting and thinking for more efficient projects

12-Nov-2019 - Greater donor mobilization is needed to support the project preparation process that is so strategic for investment on the continent." These are the words of Patricia de Lille, South Africa’s Minister of Public Works and Infrastructure. She was part of the "Building early stage pipeline" panel discussion held at the Africa Investment Forum 2019 in Johannesburg, the economic capital of South Africa.

Africa Investment Forum 2019: African Development Bank U.S. International Development Finance Corporation team up to mobilise private capital for Africa’s development

12-Nov-2019 - The U.S. International Development Finance Corporation (DFC) and the African Development Bank Group, today signed an agreement to mobilize private capital in support of development in Africa. The Memorandum of Understanding (MOU) was signed on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. Adam Boehler, DFC Chief Executive Officer said the multitude of urgent development challenges—from infrastructure development to financial inclusion and food security required collaboration with like-minded partners.

2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand

12-Nov-2019 - Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa.

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

12-Nov-2019 - The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has dubbed SheInvest. The EIB expects the gender-lending initiative to allow women to play a more active role in economies.

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

11-Nov-2019 - For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa  

2019 African Investment Forum builds on 2018 successes, attracts growing international interest

11-Nov-2019 - The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering.

Africa Investment Forum 2019: "No country on the continent left behind," says Akinwumi Adesina

11-Nov-2019 - The President of the African Development Bank Group, Akinwumi Adesina, has given the assurance that no country would be left behind as the institution accelerates its development agenda. “No country is left behind and there will be no country,” Adesina told journalists on Monday at the Africa Investment Forum, held from 11 to 13 November in Johannesburg, South Africa. “We are ensuring that many investments are directed to fragile or low-income countries. We are not afraid to invest in Africa and in so-called ‘at-risk’ countries.”

2019 Africa Investment Forum kicks off delivering on the promise to redefine and unpack the continent’s investment opportunities

11-Nov-2019 - The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action. A $500 million equity deal presented by the Africa Infrastructure Investment Fund last year, to speed up investments in agriculture, and a $175 million equity transaction from the Africa Guarantee Fund for investors to support Small and Medium Size Enterprises, are among the transactions that found financial close over the past year.

Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm

10-Nov-2019 - The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South Africa. The multi-stakeholder transactional marketplace is aimed at raising capital, advancing projects to bankable stage and accelerating financial closure of...

Why the Africa Investment Forum matters for the continent’s energy transformation: - Wale Shonibare, Acting Vice-President, Power, Energy, Climate Change & Green Growth, African Development Bank

09-Nov-2019 - The African Development Bank’s New Deal on Energy for Africa underlines the urgency to power the continent in order to end energy poverty, catalyze industrialization, and stimulate socio-economic growth. The strategy is grounded in the recognition that access to reliable, affordable and sustainable energy is central to Africa’s development, and lifting populations out of poverty. 

Cameroun : la Banque africaine de développement prête 18 millions de dollars pour renforcer la gestion des finances publiques

08-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son accord, mercredi 6 novembre, pour un prêt de 18,1 millions de dollars américains du Fonds africain de développement en faveur des finances publiques du Cameroun. Cet appui financier, pour la mise en œuvre du Projet d’appui au renforcement de la gestion des finances publiques (PARGEFIP), doit contribuer à améliorer la performance, l’intégrité et la transparence dans la gestion des finances publiques.

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

05-Nov-2019 - The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance.

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

04-Nov-2019 - Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and programs that will constitute the initiative, which is being developed by the countries with support from the African Development Bank, the European Union and the World Bank.

‘Today is a day of joy for Africa’ - African Development Bank celebrates historic capital increase

01-Nov-2019 - The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced.

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

31-Oct-2019 - The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the African Development Bank Board of Governors in Abidjan.

African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support

31-Oct-2019 - Bank's capital base more than doubles. Jumps from $93 billion to $208 billion Largest capital increase in the Bank's history signals a united front by shareholders At an extraordinary shareholders’ meeting today in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.

Modernizing African agriculture: Tunisia’s drone project shows the way

30-Oct-2019 - A workshop in Tunis organised by the African Development Bank last week followed on the heels of on a pilot project on the use of drones to boost agricultural productivity in Sidi Bouzid, in the central region of Tunisia. The aim of the workshop was to share knowledge and best practices for the introduction of drones in agriculture, drawing on the experience of the pilot project, with more than 150 participants from the public and private sectors.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

30-Oct-2019 - Who:              Board of Governors of the African Development Bank Group What:             5th extraordinary meeting of the Board of Governors Where:           Abidjan, Hotel Ivoire, Côte d’Ivoire When:            31 October 2019  

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.

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 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.

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. 

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.

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.

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.

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.

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.

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...

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

11-Oct-2019 - The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals. The agreement was signed 30th September 2019.

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

10-Oct-2019 - First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank. The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions using an innovative mix of photovoltaic systems.

African Development Bank partners with Senegal to host 2021 World Water Forum

10-Oct-2019 -  A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank  on Senegal’s preparations to host the World Water Forum in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, and her senior management team on 8 October to discuss the Bank’s participation in the event’s organization and delivery.

Maroc : la Banque africaine de développement soutient l’entreprenariat des jeunes et l’innovation

09-Oct-2019 - La Banque africaine de développement a pris part à l’édition 2019 des rencontres « Innovation et Jeunesse » qui se sont tenues du 30 septembre au 4 octobre derniers. Un évènement organisé conjointement par le ministère marocain de la Jeunesse et des Sports, le ministère danois des Affaires étrangères et le Programme des Nations unies pour le développement (PNUD).

Inaugural forum paves the way for sustainable fertilizer financing in the West Africa region

09-Oct-2019 - Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution. The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African Development Bank in Abidjan on 30 September and 1 October.