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AU, African Development Bank sign $4.8 million grant earmarked for continental free trade secretariat

06-Aug-2019 - The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead role to accelerate implementation of the Free Trade Agreement, seen as a major force for integrating the 55-nation continent and transforming its economy.

Egypt: African Development Bank, African Export-Import Bank roadshow launches preparations for 2nd Africa Investment Forum

06-Aug-2019 - Cairo, Egypt, 6 August 2019: The African Development Bank and the African Export-Import Bank (Afreximbank) held a roadshow in Cairo to launch preparations for the second Africa Investment Forum taking place in Johannesburg, South Africa, 11 - 13 November 2019. The Africa Investment Forum aims to raise capital for transformational investment opportunities across Africa.

African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor

06-Aug-2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project.

Namibia hails milestone as it launches expanded Walvis Bay Port

05-Aug-2019 - Namibian President Hage Geingob has hailed the expansion of the Walvis Bay port as a new chapter in the country’s economic transformation.

Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work

05-Aug-2019 - The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st century skills provision, and by embracing innovation and...

Madagascar : Transformer le pays en plateforme commerciale régionale avec la Banque africaine de développement

05-Aug-2019 - Abidjan, Côte d’Ivoire, le 5 août 2019 - La Banque africaine de développement organise, du 5 au 7 août 2019, à Madagascar, un atelier de lancement du Projet d’aménagement de corridors et facilitation du commerce (PACFC). Cet atelier veut examiner avec le gouvernement malgache, les dispositions nécessaires à la mise en œuvre du projet, signé en décembre 2018.

Maroc : La Banque africaine de développement renforce son engagement avec la Société civile d’Afrique du Nord

02-Aug-2019 - Abidjan, Côte d’Ivoire, le 25 juillet 2019 - La Banque africaine de développement (BAD) a organisé à Marrakech, du 25 au 28 juillet 2019, la deuxième Université d’été des jeunes leaders de la Société civile africaine sur le thème « Jeunes, innovation et développement en Afrique ». L’événement était porté par la Division société civile et engagement communautaire de la Banque, en collaboration avec le Centre de développement de la Région de Tensift (CDRT) au Maroc, qui fait office de point focal Afrique du Nord du Comité BAD-Société civile.

Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures

02-Aug-2019 - Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires.

Liberia President George Weah moots new agricultural bank to revolutionise economy

26-Jul-2019 - Monrovia, Liberia, 26 July 2019 : Liberian President George Weah has supported calls for agriculture to play a larger role in his country’s economy. Speaking on 25th July 2019 at a donor meeting with African Development Bank President, Akinwumi Adesina, Weah said his government was contemplating the establishment of an agricultural bank. Adesina was quick to advise that such a bank should be called an “agribusiness” bank to acknowledge the economic benefits of the transition from primary production to industrial marketing.

African Development Bank helps to modernise South Sudan’s financial systems

26-Jul-2019 - The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development Strategy 2018-2021; the latter confirms the need to restore and maintain economic infrastructure. 

Tripartite Signing Ceremony of the African Development Bank-funded Project: Greater Banjul Area: Sustainable Urban Development Programme 2020-40 (GBA-SUDP)

26-Jul-2019 - The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency of the three municipalities (Banjul, Kanifing and Brikama), and also provide support to the Banjul port expansion.

Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth

26-Jul-2019 - Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition.