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African Development Bank approves $20 Million facility for Green Mini-Grid Program in Democratic Republic of Congo
27-Mar-2019 - The African Development Bank Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based mini-grid solutions in the central African nation. The program will supply power to cities with sizeable populations, some of them with a few hundred thousand inhabitants, without any...
Burkina Faso : la Division de la Société civile de la Banque africaine de développement en discussions avec le gouvernement et des partenaires au développement
27-Mar-2019 - Une mission de la Division Société civile (AHGC 2) de la Banque africaine de développement, accompagnée du représentant-pays, Pascal Yembiline, a rencontré, les 25 et 26 mars 2019, des membres du gouvernement du Burkina Faso ainsi que des partenaires au développement, dans le cadre de la journée porte ouverte de la Banque avec les organisations de la société civile (OSC) burkinabè.African Development Bank approves $20 million investment in Uhuru Growth Fund, to build regional champions across West Africa
27-Mar-2019 - The African Development Bank has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle-market businesses across West Africa. Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region.
Climate change in Africa: “A race we must win and a race we will win,” African Development Bank says
27-Mar-2019 - Fighting climate change with robust implementation of national commitments and partnerships was the main thrust of African Development Bank’s Director of Climate Change and Green Growth, Dr. Anthony Nyong’s closing remarks at the end of Africa Climate Week.La Banque africaine de développement mobilise 268 millions d’euros pour soutenir la dynamique d’accélération industrielle au Maroc
27-Mar-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé un financement de 268 millions d’euros pour mettre en œuvre la seconde phase du Programme d’appui à l’accélération de l’industrialisation au Maroc (PAAIM II). Ce programme a pour objectif de favoriser l’accélération industrielle du Royaume à travers le déploiement d’écosystèmes industriels, l’amélioration de la compétitivité des opérateurs du secteur et le financement d’activités économiques industrielles de premier ordre.Uganda becomes 27th member of the African Legal Support Facility
26-Mar-2019 - Uganda has ratified the agreement for the establishment of the African Legal Support Facility (ALSF), becoming the 27th member state of the body, which is an international organization hosted by the African Development Bank Group. The Facility, known as ALSF, is dedicated to funding legal advice and technical assistance to African countries in their negotiation of complex commercial transactions, creditor litigation and other related sovereign transactions. The ALSF also develops and proposes innovative tools for capacity building and...
Africa Investment Forum: Partners reaffirm commitment to close Africa’s infrastructure gap
26-Mar-2019 - The African Development Bank, heads of 34 leading financial institutions covering Africa and other partners of the Africa Investment Forum reaffirmed their commitment to “scale up, speed up, and synergize” efforts to deliver transformative projects across the continent. The meeting was also attended by lead partners of the Africa Investment Forum: African Export-Import Bank, Africa50, Trade Development Bank, Development Bank of South Africa, Africa Finance Corporation, European Investment Bank, and Islamic Development Bank.
African Development Bank, Tony Elumelu Foundation, partner to support youth entrepreneurs in Africa
25-Mar-2019 - The African Development Bank and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa. The partnership will bring about future collaboration focused on strengthening small to medium sized enterprises, talent and skills development and optimisation initiatives for Africa’s youth.La Banque africaine de développement et le Groupe Attijariwafa bank s’associent pour soutenir les femmes entrepreneures en Afrique
25-Mar-2019 - La Banque africaine de développement, le Groupe Attijariwafa bank et plusieurs associations patronales féminines ont signé, le 14 mars 2019, une convention de partenariat portant sur l’accompagnement des femmes entrepreneures africaines, à l’occasion de la 6e édition du Forum international Afrique Développement à Casablanca, au Maroc.Côte d’Ivoire: African Development Bank, KfW partner to implement electricity regulatory index
25-Mar-2019 - The African Development Bank and KfW Development Bank will be partnering to accelerate implementation of recommendations contained in the 2018 Electricity Regulators Index (ERI) report for Côte d'Ivoire’s energy sector. This partnership arrangement between both institutions was announced during a technical workshop hosted by the African Development Bank in Abidjan on Wednesday, 13 March 2019. KfW is a German state-owned development bank.Energy stakeholders call for new financing mechanisms to support off-grid and mini-grid connectivity in Africa
22-Mar-2019 - Energy industry stakeholders attending the 5th Energy Access Investment Forum have called for a restructuring of the financing mechanisms enabling the development of off-grid and mini-grid connectivity in Africa. “Meeting the universal electricity access objective within the next decade will require the roll-out of off-grid and mini-grid solutions at scale,” said Daniel Schroth, acting director of renewable energy & energy efficiency at the African Development Bank, in his opening remarks.
Côte d’Ivoire : la Banque africaine de développement va accompagner le programme social du gouvernement à hauteur de 283 milliards de Francs CFA
22-Mar-2019 - Une délégation de la Banque africaine de développement, conduite par son président Akinwumi Adesina, a rencontré, aujourd’hui à Abidjan, le Premier ministre ivoirien, Amadou Gon Coulibaly, pour échanger sur le programme social mis en place par le gouvernement de Côte d’Ivoire (PSGouv) pour la période 2019-2021.Integrity in Development Projects: The African Development Bank and GE Power Reach Settlement on Legacy Alstom Misconduct
22-Mar-2019 - The African Development Bank Group today announced the conclusion of a settlement agreement with GE Power, thus resolving sanctionable practices committed by former Alstom companies.African Development Bank launches pilot phase of Adaptation Benefits Mechanism
22-Mar-2019 - The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same time, many grassroot adaptation initiatives are being developed and some of these are making a big difference.Egypt’s Stock Exchange meets African Development Bank on initiative to integrate Africa’s capital markets
21-Mar-2019 - The Egyptian Exchange (EGX) has received a mission from the African Development Bank in the wake of its membership of the African Exchanges Linkage Project (AELP), an initiative to foster greater integration in securities trading across the continent. The AELP project, jointly initiated by the Bank and the African Securities Exchanges Association (ASEA), has the main objective of increasing intra-African investment flows through linking African Stock Exchanges. EGX joined the Project last month as one of seven stock exchanges that will be...
Somalia: African Development Bank Multi-Partner Infrastructure Fund to receive €1 million from Italy
20-Mar-2019 - The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s inclusive and sustainable economic recovery, peace and state building, through rehabilitation and development of the country’s infrastructure.Climate Action: African Development Bank calls for global collaboration to turn Nationally Determined Contributions into investment plans
20-Mar-2019 - The African Development Bank has called for global collaboration to ensure consistent and coordinated support to African countries in the implementation of their Nationally Determined Contributions (NDCs).African Development Bank: Professor Anthony Nyong, Director for Climate Change and Green Growth, named among world’s “100 Most Influential People in Climate Policy”
20-Mar-2019 - The African Development Bank is pleased to announce the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘100 Most Influential People in Climate Policy 2019’ by Apolitic
Gabon : revue du document de stratégie pays et de la performance du portefeuille de la Banque africaine de développement
19-Mar-2019 - La revue à mi-parcours du document de stratégie pays (DSP 2016-2020) et de la performance du portefeuille (RPPP) de la Banque africaine de développement au Gabon commence cette semaine pour s’achever lundi 25 mars. L’atelier de lancement de la revue a lieu aujourd’hui, à Libreville, sous la présidence de Jean-Marie Ogandaga, ministre de l’économie, de la prospective et de la programmation du développement, chargé de la promotion des investissements publics et privés, et gouverneur de la Banque africaine de développement.