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African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan
12-Dec-2019 - The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference.
ADF-15 replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries
11-Dec-2019 - Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.
Development institutions present digital guide to help African countries fast-track SDGs, Paris Agreement and AU’s Agenda 2063 implementation
11-Dec-2019 - Three leading development partners have presented a digital application at the COP 25 climate conference in Madrid to help African countries grappling with the simultaneous implementation of key global initiatives. The United Nations Development Programme (UNDP), African Development Bank Group, and the African Union Development Agency-NEPAD (AUDA-NEPAD) on Tuesday unveiled the Guide for Integrated Planning in Africa.Senegal: African Development Bank lends €62.8 million to help create 150,000 jobs for women and young people
11-Dec-2019 - The Board of Directors of the African Development Bank approved a €62.83 million loan to the Government of Senegal for implementation of the first phase of a project aimed at providing jobs for 150,000 women and youth. Funding for the Project to Support and Enhance Women's and Young People's Entrepreneurial Initiatives (PAVIE I), is composed of a €14 million loan from the African Development Fund and a €48.83 million loan from the African Development Bank.Maroc : la Banque africaine de développement approuve près de 245 millions d’euros pour développer les réseaux de transport d’électricité et d’électrification rurale
11-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jour, un financement d’environ 245 millions d’euros en faveur de l’Office national de l’électricité et de l’eau potable (ONEE) en vue de réaliser son programme de développement des réseaux de transport d’électricité et d’électrification rurale.African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market
10-Dec-2019 - The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network.
African Development Bank’s Fashionomics Africa launches “game changing” digital marketplace for the continent’s fashion creators
09-Dec-2019 - The African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments and private sector leaders in Kigali, Rwanda.
African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award
06-Dec-2019 - African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The ninth edition of the awards, organized by AABLA™ in conjunction with CNBC Africa, seeks to honour leaders who have contributed and shaped the African economy.
African Legal Support Facility Management Board approves Work Plan and Budget for 2020
05-Dec-2019 - The African Legal Support Facility (ALSF) Management Board, the legal support arm of the African Development Bank, met in Abidjan, to review the institution’s activities, work plan and budget for 2020. “This is an opportunity for us to review and deliberate on ALSF interventions, which contribute meaningfully to development in Africa,” ALSF Board Chairperson, Gaston Kenfack, said in his opening remarks.
2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers
05-Dec-2019 - Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure – all to create decent jobs for the continent’s unemployed and under-employed youth.
The African Development Fund: over 45 years of support to strengthen the continent’s least developed and fragile nations
05-Dec-2019 - In 38 of the continent’s most vulnerable countries, the African Development Fund or ADF is enhancing livelihoods by promoting regional integration, fostering businesses and enhancing food security through its investments in power projects, roads and bridges.Burkina Faso: African Development Bank approves €48,82 million for Desert to Power Yeleen programme to increase solar generation
04-Dec-2019 - The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs
04-Dec-2019 - Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm El-Sheikh on Tuesday, the young business leaders said their role as engines of growth needed to be taken more seriously.
Conférence économique africaine 2019 : adapter la formation professionnelle aux besoins du marché pour accroitre les opportunités d’emplois des jeunes africains
04-Dec-2019 - Les experts et chercheurs présents à la Conférence économique africaine 2019, ont dressé un tableau des faiblesses du marché du travail en Afrique. Selon eux, ce marché est caractérisé principalement par l’inadéquation de la formation, un accès difficile et un environnement économique dominé par le secteur informel. Au cours de cette session sur « Emploi des jeunes en Afrique, opportunités et défis », les jeunes chercheurs ont fait le point de la situation au Ghana, Togo, Bénin, Cameron et au Congo.The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex
04-Dec-2019 - President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014.“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference
04-Dec-2019 - The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth, focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank in partnership with the United Nations Development Programme and the United Nations Economic Commission for Africa.