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Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

12-Apr-2019 - 12-Apr-2019 - The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market. InfraCredit is a specialized...

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

12-Apr-2019 - 12-Apr-2019 - On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality. “I am happy to say that today, Canada is demonstrating its commitment to African countries and our confidence in the African Development Bank by announcing that we are going to subscribe...

#Kwibuka25: African Development Bank marks the 25th commemoration of the Genocide against the Tutsi in Rwanda

11-Apr-2019 - 11-Apr-2019 - With poems, videos and a riveting testimony from a former Prosecutor General of the United Nations International Criminal Tribunal for Rwanda (ICTR), the African Development Bank, in collaboration with the Rwandan Embassy and the Rwandan community in Côte d’Ivoire, observed the 25th commemoration of the Genocide against the Tutsis in Rwanda under the theme “Remember-Unite-Renew”. The event, held Thursday, April 11, was attended by the Ambassador of Rwanda in Côte d’Ivoire, Stanislas Kamanzi, and the Rwandan community; a...

African Development Bank Board approves $4.8 million grant to accelerate African free trade

10-Apr-2019 - 10-Apr-2019 - On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force. The AfCFTA is a major force for continental integration. It will expand intra-African trade by up to $35 billion per year and usher in freedom of movement for goods, services and people across the continent’s internal...

Afrique centrale : la Banque africaine de développement et la CEEAC vont aider à mobiliser 2,2 milliards de dollars pour financer deux projets intégrateurs dans les transports

09-Apr-2019 - 09-Apr-2019 - La Banque africaine de développement a reçu, vendredi 5 avril à Abidjan, des délégations venues du Congo, de la République démocratique du Congo, du Tchad, de la République centrafricaine et de la Communauté économique des Etats de l’Afrique centrale (CEEAC). Les missions du Congo et du Tchad étaient conduites, respectivement par Jean Jacques Bouya, ministre de l’équipement, de l’aménagement du territoire et des grands travaux et Abderamane Mouctar Mahamat, ministre des infrastructures, des transports et du désenclavement....

African Development Bank President makes strong case for increased U.S. investment in Africa

09-Apr-2019 - 09-Apr-2019 - Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank, Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play in increasing investments in Africa and expanding opportunities for the U.S. private sector". Acknowledging continued U.S. support for Africa, Adesina said “ Now is the time to scale up and take...

Making Finance Work for Africa (MFW4A) Announces Revamped Website

08-Apr-2019 - 08-Apr-2019 - Making Finance Work for Africa is proud to announce its newly redesigned website, www.MFW4A.org.  “We are excited about our new website and the improved access it provides users to our resources,” said MFW4A Coordinator, David Ashiagbor. “For anyone looking for relevant information related to financial sector development on the continent, the newly designed website allows for an enriching and user-friendly experience.” In addition to the user-friendly design, new functions and features have been implemented. “We focused on...

African Development Bank President Akinwumi Adesina leads delegation to IMF-World Bank Spring meetings

08-Apr-2019 - 08-Apr-2019 - African Development Bank President Akinwumi Adesina is expected in Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April. Dr. Adesina and a delegation of senior Bank officials, are expected to meet with US Congresswoman Karen Bass, who serves on the House Committee on Foreign Affairs where she is a Ranking Member of the Subcommittee on Africa, Global Health, Global Huma Rights and International Organisations. The meeting will be attended by other US government officials and investors....

World Health Day 2019: African Development Bank joins the global call for universal health coverage for all

08-Apr-2019 - 08-Apr-2019 - On the occasion of World Health Day 2019, the African Development Bank Group is renewing its call for firmer commitment to pledges made by countries for universal health coverage for all individuals and communities. In a statement issued Sunday 7 April 2019, Oley Dibba-Wadda, Director of Human Capital, Youth and Skills Development at the Bank said: “The Bank supports national efforts to accelerate investments in Universal Health Coverage. It recognizes that inclusive economic growth must be accompanied by strong efforts to...

Tunisie : lancement du déploiement de drones pour améliorer la productivité agricole à Sidi Bouzid

08-Apr-2019 - 08-Apr-2019 - La Banque africaine de développement, le ministère tunisien de l’Agriculture, des Ressources hydrauliques et de la Pêche et l’agence gouvernementale sud-coréenne Busan Techno Park ont signé, le 8 avril à Tunis, un accord tripartite prévoyant le déploiement, dès la fin avril, de drones dans des projets agricoles de la région de Sidi Bouzid, au centre du pays. Ce projet pilote a été initié par la Banque qui, par le biais du fonds de coopération économique Corée-Afrique (KOAFEC), a mobilisé les ressources nécessaires à son...

The African Development Bank launches a dual tranche NOK 500 million 3-year Social Bond and SEK 1.25 billion 5-year Green Bond

08-Apr-2019 - 08-Apr-2019 - On Thursday 4 April 2019, the African Development Bank successfully priced a dual tranche NOK 500 million 3-year fixed Social Bond and SEK 1.25 billion 5-year fixed Green Bond transaction. The three-year tranche is the very first Social Bond issued in the Norwegian market. It was also the first ever NOK transaction issued by the Bank and the third Social Bond issued under its Social Bond framework.  By issuing Social Bonds to finance socio-economic development in its regional member countries, the Bank is advancing its mission...

African Development Bank VP Amadou Hott joins new Senegal Cabinet

07-Apr-2019 - 07-Apr-2019 - President Macky Sall of Senegal has announced the appointment of Amadou Hott, Vice President for Power, Energy, Climate and Green Growth at the African Development Bank, as Minister of Economy, Planning and Cooperation. According to Dr. Akinwumi Adesina, President of the African Development Bank, "I am delighted with the announced appointment of Amadou Hott. He has done a great job as a Vice President at the African Development Bank, where he has helped to adeptly position and manage our power, energy and climate work, including...