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Morocco making giant strides in electrification
30-Jul-2018 - This feat is even more remarkable when one considers that demand for electricity in the north African nation has constantly increased, by an average of 6-7% per year over the last 25 years. For the African Development Bank, Morocco is a prime example of the success of a key High 5 priority - electrification of the African continent by 2013, and a model to inspire other countries.Africa Investment Forum (AIF) : l’étape casablancaise du roadshow en Afrique du Nord
27-Jul-2018 - La Banque africaine de développement a organisé, ce 27 juillet 2018 à Casablanca, au Maroc, un atelier de présentation de l’Africa Investment Forum (AIF). Troisième étape d’un roadshow en Afrique du Nord après Tunis et Le Caire, cette présentation avait pour objectif de mobiliser les acteurs de l’investissement public et privés. L’objectif de cette rencontre était de mettre en place une réserve de projets bancables en amont de l’Africa Investment Forum, qui se tiendra du 7 au 9 novembre à Johannesburg, en Afrique du Sud.African Development Bank Signs US$41 million grant agreement for Sudan’s Agriculture Value Chain Development Project
27-Jul-2018 - The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country. The project was identified under Sudan’s National Agriculture Investment Plan (SNAIP), which seeks to increase agricultural production through the modernization of agricultural systems, value chains and market access, the Minister of Finance and Economic Planning, Mohamed Osman Elrikabi said at the signing ceremony on July 26, 2018.
Tunisia launches pilot project to use drones for data collection in agricultural sector
27-Jul-2018 - Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country. The project, to be implemented over the next ten months, would receive technical management and assistance from South Korea, Minister Zied Laadhari announced during the signing ceremony on Thursday July 26.African Investment Forum Road show in Cairo, attended by Egyptian public and Private Sector entities
26-Jul-2018 - Over 80 Egyptian public and private sector entities attended the African Investment Forum (AIF) road show organised by the African Development Bank on Wednesday 25 July 2018 in Cairo. Leading business executives from a wide range of industries including the banking and investment sector, industry associations, the Government and its investment promotion agencies, as well as key AIF partners EBRD, World Bank and the IFC, participated in the road show.
Launch Ceremony of Tunisia Drone Project financed by KOAFEC Trust Fund
26-Jul-2018 - The Launching Ceremony of the Pilot Project on the Use of Drones in Agricultural Development Projects will be attended by Tunisia’s Minister of Development and International Cooperation and Minister of Agriculture, Water Resources and Fisheries. The Ambassador of the Republic of Korea, Vice Mayor of Busan Metropolitan City, and the Director General of the Regional Office of the African Development Bank for North Africa, will also participate in the event.
African Development Bank and partners to convene for talks on controlling Fall Armyworm threat in southern Africa
26-Jul-2018 - The African Development Bank will on 26-27 July 2018, host “From Plan to Action,” a meeting on controlling Fall Armyworm in southern Africa. The meeting will bring together ministerial level government representatives and experts from the government of Zambia, the Food and Agriculture Organization (FAO), United States Agency for International Development (USAID), the Alliance for a Green Revolution in Africa (AGRA), Sygenta Foundation, the International Institute of Tropical Agriculture (IITA) to Lusaka, Zambia..South Africa sees Africa Investment Forum as vehicle for economic growth
26-Jul-2018 - The Africa Investment Forum (AIF), African Development Bank’s new platform to enhance private-sector cooperation and drive investment to key development sectors on the continent, has received commendation from South Africa’s business leaders.
Africa Investment Forum: African Development Bank and partners to discuss key roles in accelerating Africa’s investment opportunities
25-Jul-2018 - The African Development Bank will on 25 July 2018, host a discussion on “Attracting Private Sector Investment into Africa” along BRICS Business Forum, and in collaborating with the South African Chamber of Commerce and Industry (SACCI) in the Capital Empire Hotel in Johannesburg, South Africa.The Facility for Agricultural Finance in Africa receives FAPA donors’ approval seal
25-Jul-2018 - By 2030, it is estimated that Africa’s urban food markets will be valued at US$1 trillion. Despite this potential, the sector substantially lacks financial investment. The share of commercial bank lending to agriculture remains very low, ranging from 3% in Sierra Leone, 4% in Ghana and Kenya, 6% in Uganda, 8% in Mozambique to 12% in Tanzania.
African Development Bank and IFAD collaborate to help Mozambique build knowledge on climate finance and Natural Capital
25-Jul-2018 - Mozambique remains one of the countries most impacted by climate change in Africa, having faced a number of climate shocks and disasters over the past years that have hampered economic development. Temperature rises, scarce rainfall and droughts, floods and cyclones, have had significant impacts on key sectors such as agriculture, fisheries, and tourism, among others.
African Development Bank reiterates support for Lake Chad Basin Heritage Project
25-Jul-2018 - The African Development Bank will continue its support for an environmental initiative to protect the shrinking Lake Chad - a source of water to millions of people in central and West Africa, the Bank’s Director General for Central Africa Region, Ousmane Dore told UN bodies and representatives of west and central African UN missions In the past decade, the Bank has invested more than $160 Million through regional projects aimed at fighting the ecological and humanitarian crises in the Lake Chad region.Consortium Delivers Bujagali Refinancing to Reduce Ugandan Electricity Costs
24-Jul-2018 - A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than USUS$400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.
Water project in Cabo Verde saves communities, transforms livelihoods of women
23-Jul-2018 - A water irrigation and supply system funded by the African Development Bank has transformed the lives of rural farming communities in Cabo Verde’s Santiago Island, sparing farmers grueling treks of up to 20 kilometres to fetch water for farming and daily use. Santiago Island, Cabo Verde’s largest and most important agricultural centre, depends on water for its survival, but for years had been beset by endemic water shortages. Traditionally women, who make up a significant percentage of farmers, were hardest hit by the shortfall in supply.
In Kenya, African Development Bank marks a milestone in financing clean energy on the continent
23-Jul-2018 - A cloud of steam rises from beneath the earth’s surface sending fine showers onto the faces of the dignitaries visiting the Menengai Well- 01, a major geothermal power project in Kenya which is set to significantly boost the country’s electricity capacity and lead the way in providing clean energy.
Development in action: Expansion of Nairobi’s Outer Ring Road reduces traffic congestion, public commute times
23-Jul-2018 - The expansion of a 13-kilometre Outer ring road in the Kenyan capital has significantly reduced travel times and road congestion demonstrating the power of road infrastructure in development, says African Development Bank President, Akinwumi Adesina. The road provides access to residential and industrial zones in the East and North of Nairobi, and to two other major entry and exit routes for the city – Thika Road and Mombasa Road. During a July 21 tour of the road, the President met residents who narrated how the road has significantly...
Africa Investment Forum Road Show in North Africa
23-Jul-2018 - the African Development Bank will present the Africa Investment Forum (AIF), the largest investment market in Africa, in North Africa. The Bank is championing the continent's premier investment market to help Africa find the path to long-needed prosperity. This regional road show precedes the first ever Africa Investment Forum, to be held in Johannesburg, 7- 9 November 2018.