You are here

Press Releases

Displaying 49 - 60 of 3640

Gambia President Adama Barrow awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019

13-Jun-2019 - 13-Jun-2019 - At a ceremony held on the sidelines of the Annual Meetings of the African Development Bank Group on Wednesday, 12 June, the president of Gambia, Adama Barrow, was awarded the Great Builder Super Prize – The Africa Road Builders Babacar Ndiaye Trophy 2019, for his personal leadership in building the Senegambia bridge that links Gambia to Senegal. Mamburay Njie, Gambian Minister of Finance and Economic Affairs, representing his Head of State, said: "It is a great honour to receive this award on behalf of his Excellency, President...

Despite Challenges, Africa's Debt is still under control says African Development Bank

13-Jun-2019 - 13-Jun-2019 - The African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity. The bullish numbers were revealed during the Bank’s Financial presentation Thursday, a highlight of the 2019 Annual Meetings of the Bank currently underway...

African leaders share their vision for an integrated continent

12-Jun-2019 - 12-Jun-2019 - Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings. The panelists – President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, President Felix Tshsekedi of the Democratic Republic of Congo, the Prime Minister of eSwatini Ambrose Mandvulo Dlamini and his majesty King Letsie III of Lesotho – were...

African Development Bank, African Union-NEPAD, partners launch African Agri-Business Engine for private sector agricultural finance with FAPA grant

12-Jun-2019 - 12-Jun-2019 - The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo.  FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank. The African Agri-Business Engine will identify investment and finance opportunities in agriculture and...

You must be torch-bearing partners in regional integration efforts – African Development Bank VP Guislain tells African bankers

12-Jun-2019 - 12-Jun-2019 - The African Development Bank Group on Tuesday urged financial institutions in Africa to use their investments and other business portfolios to deepen regional integration efforts for the economic transformation of the continent. “We need you African bankers and African financial institutions to be actors of this regional development, to invest across borders, to finance trade and investments and make regional integration a reality,” Bank Vice President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain...

“To integrate Africa, bring down the walls,” Adesina urges at 2019 African Development Bank Annual Meetings Open in Malabo

12-Jun-2019 - 12-Jun-2019 - African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, with the theme: “Regional Integration for Africa’s Economic Prosperity.” “Apart and divided, Africa is weakened. Together and united, Africa will be unstoppable,” the Bank’s President Akinwumi Adesina told delegates at the packed Sipopo Conference...

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

11-Jun-2019 - 11-Jun-2019 - African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation (FAO) and Equatorial Guinea President Obiang Nguema Mbasogo, on the sidelines of the African Development Bank’s 2019 Annual Meetings currently underway in Malabo, Equatorial Guinea. Opening the conference at...

African financial institutions play a key role in the continent's regional integration, says African Development Bank Vice-President Pierre Guislain

11-Jun-2019 - 11-Jun-2019 - African Development Bank Vice-President for the Private Sector, Infrastructure and Industrialization, Pierre Guislain, on Tuesday stressed the major role that African financial institutions play in regional integration. "These institutions finance the private sector, which has to become the engine of Africa's regional integration," said Guislain at the opening of the Association of African Development Finance Institutions (AADFI) workshop on the sidelines of the Bank's Annual Meetings in Malabo, Equatorial Guinea. The AADFI,...

African Development Bank 2019 Annual Meetings: African Legal Support Facility holds Management Board, Governing Council meetings

11-Jun-2019 - 11-Jun-2019 - The African Legal Support Facility (ALSF) held its 28th Management Board and 10th Governing Council meetings on 10 and 11 June 2019 respectively, on the margins of the 2019 African Development Bank Group Annual Meetings held in Malabo, Equatorial Guinea. The members reviewed the 2018 activities of the ALSF and discussed the future of the organisation. After the Board’s approval, the Governing Council subsequently endorsed the 2018 Annual Report and the audited financial statements as of December 2018. They also took note of a...

Central Africa could be the continent’s rising star, thanks to the African Continental Free Trade Area

11-Jun-2019 - 11-Jun-2019 - Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank shows. Hanan Morsy, Director of Research at the Bank, revealed the findings at the launch of one of the Bank’s flagship reports in Malabo, where the African Development Bank is hosting its Annual Meetings. Morsy said Central Africa’s real income could increase by as much as 7% in one of the scenarios that researchers describe in the 2019 African Economic Outlook. By the same calculations, East...

Africa’s regional integration gains momentum at African Development Bank Group Annual Meetings in Malabo

10-Jun-2019 - 10-Jun-2019 - “If we get integration right, Africa can develop with dignity and confidence,” African Development Bank President Akinwumi Adesina told journalists at a press conference to herald the Bank’s 2019 Annual Meetings, due to open Tuesday in Malabo, Equatorial Guinea. The theme of this year’s meetings is ‘Regional Integration for Africa’s Economic Prosperity.” Regional integration gained momentum with the agreement on the African Continental Free Trade Area (AfCFTA) in March 2018 and is now at the threshold of its launch next month....

Côte d’Ivoire : la Banque africaine de développement accorde un prêt total de 150 millions d’euros pour renforcer le réseau électrique

07-Jun-2019 - 07-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, mercredi 5 juin 2019, deux prêts de premier rang pour le renforcement du réseau électrique, d’une valeur totale de 150 millions d’euros. Un prêt de 100 millions d’euros pour la construction d’une centrale thermique à cycle combiné, fonctionnant au gaz à Taboth, dans le département de Jacqueville (ouest d’Abidjan) ci-après désigné le projet « Atinkou », ainsi qu’un autre de 50 millions d’euros pour l’extension de la centrale thermique à cycle combiné...