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27-Jun-2019 - The African Development Fund (ADF) has approved an $81.67 million loan to co-finance sections of the 695-km Eastern Corridor road in Ghana, linking the capital, Accra with the northern hinterland and across the borders to the Sahel region. The decision was taken by the African Development Bank Group’s Board of Directors at a meeting on Wednesday. Other lenders for the project are the Opec Fund for International Development, the Ghanaian Government and the Japan International Cooperation Agency, which is financing a connecting bridge across the...
Tunisie : la Banque africaine de développement accorde une ligne de crédit de 100 millions d’euros à BH Bank pour soutenir le développement du secteur privé27-Jun-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, aujourd’hui, une ligne de crédit de 100 millions d’euros en faveur de la banque publique tunisienne BH BANK afin de soutenir le secteur privé tunisien.
27-Jun-2019 - The African Development Bank hosted a sensitization session on “Banking on Nutrition” for staff from the West and Central Africa offices at its headquarters in Abidjan, Cote d’Ivoire, on 24 June 2019. The event involved representatives from partner organizations specialized in the nutrition field such as Nutrition International, which provided technical support and developed a capacity building toolkit on nutrition for Bank staff. The “Banking on Nutrition” program was also supported by Big Win Philanthropy and the Aliko Dangote Foundation.
27-Jun-2019 - The third African Youth Agripreneurs Forum and AgriPitch competition, a platform connecting sector start-ups with potential partners and financiers, has opened in Cape Town under the theme: “Climate Smart Agriculture: Business and Employment Opportunities for Africa’s Youth. The event is being organised by the African Development Bank, in partnership with the government of the Western Cape.
Integrity in Development Projects: African Development Bank Blacklists Oceanic Construction and Engineering Nigeria for 48 Months for Fraudulent Practices26-Jun-2019 - The African Development Bank Group has blacklisted Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for fraudulent contract bidding, the Bank announced on Wednesday. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the company misrepresented its year of incorporation, the value of its reference contracts, and the experience of its key personnel while bidding for two works contracts under the Bank-financed Urban Water Supply and...
Malawi : la Banque africaine de développement accorde 37 millions de dollars en faveur du corridor d’intégration de Nacala26-Jun-2019 - Le Conseil d’administration de la Banque africaine de développement a accordé, le mercredi 19 juin, un soutien financier de 37 millions de dollars américains pour la réalisation de la phase V du corridor routier de Nacala, au Malawi.
African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan25-Jun-2019 - The Board of Directors of the African Development Bank on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project.
African Development Bank hosts experts to accelerate food transformation in West Africa through technology25-Jun-2019 - The African Development Bank has hosted a group of experts to discuss how technology can be deployed to transform food systems in West Africa. The Bank co-hosted the workshop with the International Fund for Agricultural Development, the African Green Revolution Alliance, the World Economic Forum and Rabobank for the Food Systems Action Platform (FSAP) for West Africa at the Bank’s headquarters in Abidjan, Cote d’Ivoire, on 20-21 June.
24-Jun-2019 - The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management.
The African Development Bank’s High 5 priorities are making a vital contribution to the continent's integration24-Jun-2019 - The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets.
Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.24-Jun-2019 - Infrastructure, agricultural-processing zones, air cargo facilities, and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.
African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)24-Jun-2019 - The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from 11-14 June. The Bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the Facility to...
21-Jun-2019 - Affordable, inclusive connectivity, coupled with digital skills and literacy, are essential elements in the fight against inequality in the digital age, experts at the European Commission’s 2019 European Development Days (EDD) Forum, emphasised.
African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market20-Jun-2019 - The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa.
20-Jun-2019 - Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion.