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African Development Bank’s first symposium on Climate Change calls for increased focus on resilience building

29-May-2019 - 29-May-2019 - African nations must focus on building resilience against climate change  and renew efforts to save resources spent on weather-related emergency relief to better address the needs of the vulnerable, African Development Bank President Akinwumi Adesina said on Monday.  “Africa must be more active in finding solutions to the scourge,” Adesina said in opening remarks, read on his behalf at a symposium marking the Bank’s “Climate Change and Green Growth Day held at the Abidjan headquarters.  “As a continent, we must be resolute in...

Tunisie: la Banque africaine de développement accorde 57,5 millions d’euros à Amen Bank pour développer le commerce et soutenir les PME

29-May-2019 - 29-May-2019 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, mercredi 29 mai 2019, un financement total de 57,5 millions d’euros en faveur de la banque tunisienne Amen Bank afin de développer le commerce et accompagner les petites et moyennes entreprises (PME). Cette enveloppe se compose d’un prêt d’investissement à long terme de 35 millions d’euros et d’une facilité de 15 millions d’euros pour le financement du commerce    ainsi qu’un complément de 7,5 millions d’euros provenant du fonds « Africa...

Japan and Austria to support private sector climate change investments on the continent

28-May-2019 - 28-May-2019 - The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change. The project will be implemented by the Climate Change and...

Tunisie : 120 millions d’euros de la Banque africaine de développement pour moderniser le secteur financier

16-May-2019 - 16-May-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé un financement de 120 millions d’euros pour mettre en œuvre la seconde phase du Programme d’appui à la modernisation du secteur financier (PAMSFI II) en Tunisie. A travers l’appui au secteur financier dans son rôle de financement de l’économie, en faveur notamment des populations et acteurs économiques vulnérables, cette opération a pour but de favoriser les conditions nécessaires pour une croissance économique forte, résiliente et inclusive. « Avec...

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

13-May-2019 - 13-May-2019 - The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group. “This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up...

Zambia: African Development Fund approves $11.1 million for public finance reforms

30-Apr-2019 - 30-Apr-2019 - The African Development Fund on Tuesday approved $11.1 million to support Zambia’s public finance and economic management as part of efforts to restore fiscal stability and improve livelihoods in the middle-income Southern African nation. The copper producing country is pursuing reforms to stabilize its economy, particularly, to rein in a widening public debt partly due to commodity price shocks, drought and depreciation of its local currency. The project is designed to help unlock Zambia’s economic growth potential through...

Guinée : la Banque africaine de développement octroie 81,1 millions de dollars au titre de prêts pour les transports et l’environnement et de don d’urgence

26-Apr-2019 - 26-Apr-2019 - Le Groupe de la Banque africaine de développement et le gouvernement de Guinée, ont signé, mardi 23 avril 2019 à Conakry, des accords de prêts et de don, pour un montant total de 81,1 millions de dollars EU. Il s’agit de deux nouvelles opérations dans les domaines des transports et de l’environnement, ainsi qu’une aide d’urgence dans le domaine de l’agriculture, qui vont renforcer le portefeuille actif de projets financés par la Banque en Guinée, pour le porter à un montant total d’engagements d’environ 562,36 millions de...

La Banque Africaine de développement soutient l’intégration du secteur financier en Afrique du Nord

26-Apr-2019 - 26-Apr-2019 - La Banque africaine de développement, en collaboration avec « Making Finance Work for Africa » (MFW4A), a apporté son soutien à la stratégie de développement du secteur financier en Afrique du Nord, à l’occasion d’un dialogue organisé cette semaine à Tunis. Cette étape tunisienne, tenue mercredi et jeudi, a clos une série de quatre évènements régionaux en Afrique. Selon le directeur du Département du développement du secteur financier de la Banque, Stefan Nalletamby, ce dialogue a offert « un cadre d’échanges permettant une...

African Development Bank, partners meet over Securities Exchanges linkage project

26-Apr-2019 - 26-Apr-2019 - The African Development Bank, working with the African Securities Exchanges Association (ASEA), hosted the first capital market stakeholders roundtable on the African Exchanges Linkage Project (AELP) at the Bank’s headquarters in Abidjan, Côte d’Ivoire on 24 April, 2019. The AELP is a joint initiative by the Bank and ASEA to facilitate cross-border trading and settlement of securities across participating bourses in Africa. It also seeks to unlock Pan-African investment flows, promote innovations that support diversification...

Nigeria: President Buhari commends African Development Bank’s transformative role

25-Apr-2019 - 25-Apr-2019 - At a meeting with the African Development Bank President in Abuja, Nigeria’s President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution. “I want to recognize the support that the African Development Bank has given Nigeria in recent times. I remember the Bank’s critical gesture in 2016 during the difficult period of economic recession through a US$600 million budget support facility. We appreciate this and assure you that we will continue to work towards a...

African Development Bank signs $50 million agreement with Natixis to boost trade finance in Africa

25-Apr-2019 - 25-Apr-2019 - The African Development Bank on Wednesday April 24, 2019 signed a US$50 million risk participation agreement (APR) with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years. "This historic agreement allows us not only to better support our clients in Africa, but also to further strengthen the strategic relationship that we have the privilege of...

Botswana: African Development extends US$80m line of credit to help industrialization and regional integration

25-Apr-2019 - 25-Apr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs, including 1200...