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Kenya: African Development Bank Group approves $8 million to Credit Bank for SMEs

18-Jul-2019 - Abidjan, Côte d’Ivoire, 18 July 2019 –The Board of Directors of the African Development Bank Group on Wednesday approved a $8 million-targeted financing to Kenya’s Credit Bank for lending exclusively to small and medium enterprises (SMEs) in construction, agriculture, renewable energy and manufacturing.

Guinée équatoriale : la BAD soutient le développement des chaînes de valeur halieutique et aquacole avec plus de 55 millions d’euros

17-Jul-2019 - Le Groupe de la Banque africaine de développement (BAD) a approuvé aujourd’hui un financement d’un montant de 55,518 millions d’euros (soit 36,418 milliards de FCFA), en faveur de la Guinée équatoriale, pour la mise en œuvre du « Projet d’appui au développement des chaînes de valeurs du secteur de la pêche et de l’aquaculture (PASPA) ». D’un coût global de 69,968 millions d’euros (soit 45,896 milliards de FCFA), ce financement de la BAD s’inscrit dans le cadre du Document stratégie pays (DSP) 2018-2022.

African Development Bank Debars Lutoyilex Construct Ltd. and its Managing Director for 36 Months, for Fraudulent Practice

16-Jul-2019 - ABIDJAN, Côte d’Ivoire 16 July 2019 - The African Development Bank Group on 16 July 2019, announces the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and its Managing Director, Mr. Bamidele Obiniyi (also known as Mr. Bamidele Abayomi) for a period of 36 months.

African Development Bank, African Institute for Mathematical Sciences Next Einstein Initiative sign MOU to strengthen capacity in mathematics and science across the continent

15-Jul-2019 - Abidjan, Côte d’Ivoire, 15 July 2019 - The African Development Bank and the African Institute for Mathematical Sciences Next Einstein Initiative (AIMS-NEI), signed a Memorandum of Understanding on Monday to strengthen education, training and research in mathematical sciences in Africa.

Call for Abstracts: 6th International Symposium on Knowledge and Capacity for the Water Sector

15-Jul-2019 - The African Development Bank is joining the IHE Delft Institute for Water Education, the Asian Development Bank, UN Habitat and other development partners, in preparing the 6th International Symposium on Knowledge and Capacity for the Water Sector, themed: From Capacity Development to Implementation Science.

Angola, African Development Bank and Portugal Sign Lusophone country-specific compact to fast-track private sector investment

15-Jul-2019 - Angola is the latest African Portuguese speaking country to sign a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development.

La Banque africaine de développement soutient le démarrage du Marché financier unifié d’Afrique centrale

12-Jul-2019 - Abidjan, 10 juillet 2019 - La Banque africaine de développement (BAD) réunit les acteurs du marché financier régional en Afrique centrale pour promouvoir le démarrage du Marché financier unifié d’Afrique centrale, le 15 juillet à Douala au Cameroun.

African Development Bank approves new financing program for energy providers, 4.5 mln people in sub-Saharan Africa to benefit from off-grid power by 2025

12-Jul-2019 - Abidjan, Côte d’Ivoire, July 12, 2019 – The Board of Directors of the African Development Bank Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan Africa – about 4.5 million people -  gain access to solar power by 2025.

Board approves Independent Review Mechanism’s recommendations of the first monitoring report on Modern Mills of Mali (M3) Project

12-Jul-2019 - On 10 July 2019, the Board of Directors of the African Development Bank Group approved recommendations of the first monitoring report of the Independent Review Mechanism (IRM) on the «Diversification of Activities of the Modern Mills of Mali” (M3) Project in Mali.  

Green Climate Fund announces $20m for African Development Bank’s Affirmative Finance Action for Women in Africa’s climate resilience project in Ghana

11-Jul-2019 - ABIDJAN, Cote d’Ivoire, 11 July 2019 - The Green Climate Fund has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sect

African Union summit: Niger’s President calls for strong support to the Bank’s General Capital Increase and African Development Fund’s Replenishment

11-Jul-2019 - Niamey, Niger, 08 July 2019 – In his opening remarks at the plenary session of the Regional Economic Communities (RECs) meeting, in Niamey, the President of Niger, Mahamadou Issoufou, commended the African Development Bank for its highly valuable contributions to bringing the launch of the African Continental Free Trade Area agreement (AfCFTA) into fruition. President Issoufou called for strong support to the African Development Bank’s quest for a General Capital Increase, “that will help accelerate the continent’s development projects”.

Africa Investment Forum 2019: African Development Bank delegation presents opportunities at Japan roadshow

11-Jul-2019 - Abidjan, Côte d’Ivoire, 11 July, 2019 -  Japanese companies and investors were presented with a range of investment opportunities in Africa as the African Investment Forum continued a roadshow to showcase the  Forum as an innovative investment marketplace for attracting capital for projects on the continent.

Africa Investment Forum 2019: Nigeria expected to be major player

10-Jul-2019 - ABUJA, Nigeria 10 July 2019 - Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November.

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

09-Jul-2019 - Abidjan, Cote d’Ivoire, 09 July, 2019 - The African Development Bank and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa.

Niger: African Development Bank President attends historic African Union summit, decries child marriage

08-Jul-2019 - Niamey, Niger 08 July 2019 – The president of the African Development Bank, Akinwumi Adesina joined continental leaders in Niger for an African Union summit which saw the official launch of the African Continental Free Trade Area agreement – the world’s largest free trade area since the formation of the World Trade Organization. The agreement, ratified in April, will cover a market of 1.2 billion people and an estimated gross domestic product (GDP) of $2.5 trillion, across all 55 member States of the African Union.

African Union Commission calls for further financial input for the NEPAD-IPPF Special Fund

05-Jul-2019 - Addis Ababa, 05 July 2019 – The 29th Oversight Committee (OC) meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund held at the headquarters of the African Union Commission in Addis Ababa, Ethiopia, has ended with calls for increased investments to accelerate the closure of Africa’s infrastructure gap.

AU Summit: President Adesina to lead African Development Bank’s delegation, Continental Free Trade Area talks to top summit agenda

04-Jul-2019 - Abidjan, Côte d'Ivoire, 4 July 2019 - African Development Bank Group President Akinwumi Adesina will next week lead a delegation of top Bank officials to the extraordinary summit of Heads of State and Government of the African Union (AU) in Niger’s capital, Niamey. High on the agenda of the July 7-8 summit are discussions on the African Continental Free Trade Area (AfCFTA). President Adesina will meet African leaders to review the continent's development issues, and hold talks on the effective implementation of the AfCFTA.

Africa needs bolder private financing models for power transmission lines - energy experts

04-Jul-2019 - Abidjan, Cote d’Ivoire, 4 July 2019 – Africa’s power sector leaders must devise new mechanisms to attract more private sector investment into power transmission lines, energy experts agreed at a technical roundtable last week. The meeting, hosted by the African Development Bank to mark the 3rd Africa Energy Market Place (AEMP), explored how to structure private sector financing to meet the investment needs of transmission lines. It also covered the investment priorities of transmission companies, alternative funding options, and bankable...

African Development Bank signs agreement to open Central Africa regional headquarters in Yaoundé

02-Jul-2019 - Yaoundé, Cameroon, July 3, 2019 – The African Development Bank Group on Tuesday signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states to prop up economic integration. Cameroon’s Foreign Minister Lejeune Mbella Mbella and Khaled Sherif, Bank Vice President for Regional Development, Integration and Service Delivery, signed the agreement in Yaoundé. Top government officials, including 11 ministers and diplomats, attended the event.

Le Cameroun et la Banque africaine de développement signent, le 2 juillet, un accord pour établir, à Yaoundé, le siège du nouveau bureau pour l’Afrique centrale

01-Jul-2019 - Le ministre camerounais des Relations extérieures, Lejeune Mbella Mbella et le vice-président de la Banque africaine de développement, en charge du développement régional, de l’intégration régionale et de la prestation de services, Khaled Sherif, signeront, ce mardi 2 juillet, un accord pour établir le siège du bureau régional pour l’Afrique centrale à Yaoundé, au Cameroun.