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Botswana: African Development extends US$80m line of credit to help industrialization and regional integration
25-Apr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs, including 1200 to 1300 for...Country Results Brief 2007-2018 - The African Development Bank: a decade of key partnership with Guinea
25-Apr-2019 - The African Development Bank on Wednesday released its most recent Country Report Brief for Guinea. The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.
Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change
24-Apr-2019 - Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank, which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice President for Corporate Services and Human Resources, led a delegation to Lilongwe this week, to discuss the institution’s intervention plans with public and civil society officials in Malawi.La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC
19-Apr-2019 - Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt).African Legal Support Facility supports $200 million energy plant in Rwanda
18-Apr-2019 - The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant by Lake Kivu in Rwanda, signed on 29 March 2019. The energy plant is expected to generate an additional 56 MW of electricity for Rwanda, marking a significant step in Rwanda’s efforts to increase its installed power generation capacity by 291MW to 512MW by 2024. The plant will extract methane gas from the production area at Lake Kivu and use it to...We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa
17-Apr-2019 - Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa.Angola: African Development Bank organizes roadshow to whet investor interest ahead of Africa Investment Forum 2019
16-Apr-2019 - The African Development Bank has organised a roadshow to drum up support from Angolan investors ahead of the second edition of the Africa Investment Forum (AIF) in November 2019.The African Development Bank launches a new NZD 150 million 10-year “Light up and Power Africa” Kauri benchmark
16-Apr-2019 - The African Development Bank, rated Aaa/AAA/AAA/AAA by Moody’s/S&P/Fitch/Japan Credit Rating Agency, has successfully launched a new NZD 150 million 10-year “Light up and Power Africa” Kauri benchmark due 7 March 2029. The bond, launched on 21 February 2019, carries a semi-annual coupon of 2.85% and priced at a re-offer yield of 2.896%, 70 basis points (bps) over the New Zealand Government Bond NZGB 3% 20 April 2029 (NZD Mid-swaps + 43.3bps).African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”
15-Apr-2019 - The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period.
African Development Bank Business Opportunity Seminar - Investing in partnerships for Africa’s transformation
15-Apr-2019 - The African Development Bank held a Business Opportunity Seminar (BOS) focused on strengthening and fostering the engagement of the business sector and of other stakeholders to effectively support investment in infrastructure and human development projects.Integrity in Development Projects: The African Development Bank declares Ms. Namahoua DIOMANDE ineligible to participate in Bank-financed tenders for 12 months
15-Apr-2019 - The African Development Bank Group today announced the debarment of Ms. Namahoua DIOMANDE, also trading under the names Zata Productions, Zata Prod and Zata Service, for 12 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ms. DIOMANDE, a resident of Côte d’Ivoire, engaged in a fraudulent practice in bidding for a contract for the provision of media production services to the Bank by falsifying her credentials. Ms.Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company
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.
African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support
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.
South Sudan: Thousands receive food, thanks to Emergency Response project supported by the African Development Bank, WFP
12-Apr-2019 - Thousands of people in South Sudan have received relief from a food security project which is addressing the nation’s severe food and nutrition needs. The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African Development Bank. The World Food Programme is implementing the project.
#Kwibuka25: African Development Bank marks the 25th commemoration of the Genocide against the Tutsi in Rwanda
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”.
African Development Bank Board approves $4.8 million grant to accelerate African free trade
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.
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 - 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).
African Development Bank President makes strong case for increased U.S. investment in Africa
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".
Tunisie : lancement du déploiement de drones pour améliorer la productivité agricole à Sidi Bouzid
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.