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African Development Bank, European Union, and France invest $300 million in Tanzania’s Hydropower Project
14-Apr-2023 - The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received a grant of EURO 36 million from the European Union.
African Development Bank pre-Annual Meetings press conference
14-Apr-2023 - What: Pre-Annual Meetings Press Conference Who: The African Development Bank Group When: Thursday, 20 April 2023, 11.00-12:00 GMT Where: Hybrid: CCIA, Abidjan + Zoom—Click here to register In preparation for its 2023 Annual Meetings, the African Development Bank Group will hold a press conference on Thursday, 20 April 2023, at 11.00 GMT.
Burundi: African Development Bank approves trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu)
14-Apr-2023 - The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East African nation, this instrument will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates, to facilitate their import and export trade finance requirements.
African Development Bank Group 2023 Annual Meetings to underscore resource mobilization for climate change
14-Apr-2023 - In just over a month, African Development Bank Group governors will come together in Egypt to find ways to mobilize the robust private investment Africa needs to meet its urgent climate change adaptation and mitigation goals.
Burundi to receive support from the African Development Bank Group in key development sectors
12-Apr-2023 - The African Development Bank Group will mobilise close to $4 million to help Burundi urgently procure over 3,000 tons of fertilizer over the upcoming agricultural season. The support will enable the country to procure fertilizer for the first phase of the season, which begins in May. The country’s needs for the entire season are estimated at 145,000 tons.
Africa Fertilizer Financing Mechanism Governing Council to support entity’s resources mobilization efforts
12-Apr-2023 - The Africa Fertilizer Financing Mechanism’s (AFFM) Governing Council committed to to mobilize funds to implement the AFFM’s Strategic Plan 2022 - 2028 to support the increased availability and appropriate use of fertilizer on the continent.
West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone
07-Apr-2023 - The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. Implementation of the project will commence in July 2023, led by the West African Monetary Institute (WAMI), working with central banks of the participating countries and in close collaboration with banking and non-banking financial service providers.
Egyptian leader lauds African Development Bank for supporting continent through tough times
07-Apr-2023 - The President of the Arab Republic of Egypt Abdel Fattah El-Sisi has commended the work of the African Development Bank Group in helping the continent to deal with the impact of global economic challenges.
Eritrea: The African Development Bank Board approves US$49.92 million to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare
06-Apr-2023 - Financing Approval date 1 March 2023 Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea. Amount: US$ 49.92 million grant comprising US$ 19.5 million from the African Development Fund (ADF-15) and US$ 30.42 million from the Transition Support Facility (TSF). Objectives
Hear from women smallholder farmers about how digital microinsurance, together with digital agronomy tips can help them mitigate against climatic and other risks to their crops.
05-Apr-2023 - “We are very happy knowing that whenever we face disasters, there is insurance to help us.” - Woman smallholder farmer, Mambwe District, Zambia Like millions of women smallholder farmers across Africa, the women in Mambwe in the Eastern Province of Zambia face a range of agricultural and climatic risks that can devastate their crops and livelihoods. However, despite representing nearly half of all farmers in Africa, women are less likely to be equipped with appropriate tools and knowledge to protect their crops and increase production.
African Development Bank appoints Simon Mizrahi Vice President for Technology and Corporate Services
04-Apr-2023 - The African Development Bank has appointed Simon Mizrahi, a British national, Vice President for its Technology and Corporate Services Complex, with effect from the 1st of April 2023. Before his new appointment, Mizrahi—a seasoned senior executive with more than thirty years of experience in exercising strategic leadership on development operations and policies—served as Acting Vice President for the complex, doubling as Director for the Bank’s Development Impact and Results Department.
African Development Bank appoints Professor Kevin Chika Urama Chief Economist and Vice President for Economic Governance and Knowledge Management
04-Apr-2023 - The African Development Bank has appointed Professor Kevin Chika Urama as Chief Economist and Vice President for the Bank’s Economic Governance and Knowledge Management complex. The appointment is effective from the 1st of April 2023.
African Development Bank Business Opportunities Seminar – First edition 2023
04-Apr-2023 - What: 2023 Online Business Opportunities Seminar – Spring edition Who: African Development Bank Resource Mobilization and Partnerships Department When:
Le gouvernement béninois et la Banque africaine de développement initient au profit des acteurs de la chaîne de valeur textile une visite du parc textile de la zone Industrielle de Glo-Djigbé
04-Apr-2023 - Les acteurs privés du secteur textile au Bénin ont effectué, le 23 mars 2023, une visite du parc qui leur est dédié de la zone industrielle de Glo-Djigbé, à Cotonou.
African Development Bank appoints Marie-Laure Akin-Olugbade Vice President for Regional Development, Integration and Business Delivery
04-Apr-2023 - The African Development Bank has appointed Marie-Laure Akin-Olugbade, a Cameroonian national, Vice President for its Regional Development, Integration and Business Delivery complex. The appointment is effective from the 1st of April 2023. Akin-Olugbade is a seasoned senior executive with close to 31 years of experience delivering technical, managerial and strategic knowledge and leadership in capital markets, treasury, asset management and product development at the African Development Bank.
African Development Bank facilitates 3rd Structured Dialogue Platform meeting in Harare on Zimbabwe Arrears Clearance and Debt Resolution process
03-Apr-2023 - Zimbabwe moved closer to resolving its debt issues last week as it hosted the third debt and arrears clearance structured dialogue platform meeting with development partners and creditors. Dr. Luisa Diogo, the former prime minister of Mozambique, served as the meeting’s facilitator. Diogo is the lead technical advisor to Joaquim Chissano, the former president of Mozambique and high-level facilitator of the process.
Transform political commitment to action to achieve nutrition targets in Africa, Nutrition Champion urges
31-Mar-2023 - King Letsie III of Lesotho has urged African leaders to translate commitments into action to meet regional and international development targets. The monarch addressed a high-level meeting on financing nutrition hosted by the African Union from 23-24 March. He stressed the urgency for adequate financing to end hunger and malnutrition in all its forms as a prerequisite for achieving Africa Union Agenda 2063 objectives and the United Nations’ Sustainable Development Goals.
Gender in Focus: African Development Bank’s Digital Ambassadors Program training boosts Senegalese entrepreneur business performance, service to community
30-Mar-2023 - We asked the 32-year-old entrepreneur, who works as a commercial tailor, real estate agent and farmer, about her program training experience and how she plans to use her acquired knowledge and skills. How did you hear about the program and how did it feel like to be selected?
Energy Access Investment Forum (EAIF2023): African Development Bank Conducts Consultations on the Desert to Power Mini Grid Strategy for Sahel countries
30-Mar-2023 - The African Development Bank has organized a two-day consultation with stakeholders in the mini grid sector in Africa. The event took place on the sidelines of the Energy Access Investment Forum, held in Abidjan from 21-23 March 2023.