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NEPAD-IPPF approves US $3.88 million in grants to DRC, Mozambique and Zambia for power interconnector projects
03-Mar-2017 - The NEPAD-IPPF (Infrastructure Project Preparation Facility) has approved US $3.88 million in grants to the Governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional projects preparations.
AfDB President engages Sudan’s private sector, explores opportunities for collaboration on the implementation of the High 5s
03-Mar-2017 - On Tuesday, February 28, 2017, the President of the African Development Bank, Akinwumi Adesina, engaged with representatives from Sudan’s private sector on available support to invigorate their contribution to the country’s economic development. The meeting, which discussed the critical role of the private sector in the implementation of the High 5s, was chaired by Sudan’s Minister of Finance and Economic Planning, Badreldin Mahmoud Abass Mukhtar, who is also a Governor of the AfDB.
AfDB President renews partnership MOU with Arab Bank for Economic Development in Africa (BADEA)
03-Mar-2017 - As part of his three-day official visit to Sudan, the President of the African Development Bank, Akinwumi Adesina, met with the Director General of Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah, to explore further cooperation and consolidate existing relations between the two institutions.
AfDB announces appointment of Henry Paul Batchi Baldeh as Director for Power Systems Development
03-Mar-2017 - The African Development Bank Group has announced the appointment of Henry Paul Batchi Baldeh as the Director for Power Systems Development with effect from May 1, 2017. Baldeh, a Gambian, holds a Master of Business Administration from Boston University, Graduate School of Management, USA, and a Bachelor of Science, Electrical and Electronic Engineering from the University of Newcastle-Upon-Tyne, United Kingdom. He is a Fellow of the Institute of Directors of South Africa and member of the Institute of Engineering and Technology, United Kingdom.
German Government unveils Marshall Plan with Africa at the AfDB
02-Mar-2017 - Africa is a continent of opportunity facing many challenges that the Plan can help resolve. Focus on entrepreneurship, private sector, renewable energy and green growth. The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan can help resolve some of the challenges facing Africa.
African Development Bank supports Zimbabwe’s State enterprise reforms with USD 4.061 million
02-Mar-2017 - On February 28, 2017, Bank Group Director General (DG), Southern Africa Regional Development and Business Delivery Office, Tonia Kandiero, and Zimbabwe’s Finance and Economic Development Minister, P.A. Chinamasa, signed a grant agreement on the Institutional support for State enterprise reform and delivery project (ISERDP) for a total amount of UA 3.0 million (approximately USD 4 million).
AfDB President holds high-level meeting with the diplomatic community in Sudan
02-Mar-2017 - As part of his official visit to Sudan, Akinwumi Adesina, President of the African Development Bank Group, met with the diplomatic community in Sudan. The meeting comprised Ambassadors of the Bank’s regional and non-regional member countries, the Ambassador of the African Union (AU), the Director General of the Arab Bank for Economic Development in Africa (BADEA), and the Sudan Country Directors of the World Bank, UN-Women and UNDP.
AfDB President Akinwumi Adesina meets with Sudanese President Omar al-Bashir
02-Mar-2017 - On Monday, February 27, 2017 in Khartoum, African Development Bank President Akinwumi Adesina paid a courtesy call on the President of the Republic of Sudan, Field Marshal Omar al-Bashir, in the company of the Minister of Finance and Economic Planning, Badre Eldin Mahmoud Abbas, during an official visit to the country. Adesina was accompanied by the Executive Director, Kwabena Boadu Oku-Afari, who represents Sudan on the Bank’s Board; the AfDB Director General (East), Gabriel Negatu; and Sudan Country Manager for the Bank, Abdul Kamara.
Sudan: AfDB President visits Africa’s leading sugar factory and the world’s largest producer of white sugar
01-Mar-2017 - On February 28, 2017, the President of the African Development Bank visited the Kenana Sugar Company (KSC) in Sudan, which is by far Africa’s largest sugar-producing agro-industrial complex and world’s largest producer of white sugar. The company operates a cane farm of 105,000 acres of land and produces 400,000 metric tons of raw sugar annually, both for domestic consumption and for export. The company employs some 16,000 people, including 4,000 seasonal workers, and generates an annual revenue of US $400 million.
AfDB President explores power supply projects in Sudan
28-Feb-2017 - On Tuesday, February 27, 2017, Akinwumi Adesina, President of the African Development Bank (AfDB), visited Garri Power Station located in Khartoum and discussed the Government of Sudan’s planned power interconnection project that is to boost electricity supply in Sudan by 3,750 MW. The Bank President was joined by the Executive Director (ED) Kwabena Boadu Oku-Afari, representing Sudan at the AfDB; the Bank’s Director General for East Africa, Gabriel Negatu; and the Country Manager for Sudan, Abdul Kamara.
AfDB President holds high-level discussions with Sector Ministers to reinforce support to Sudan and roll out implementation of the High 5s
28-Feb-2017 - On Monday, February 27, 2017, the President of the African Development Bank, Akinwumi Adesina, met the Sector Ministers of the Government of Sudan to reinforce the Bank’s support to the country’s economic development. The meeting, which discussed the Bank’s current and future interventions in Sudan, was chaired by Badreldin Mahmoud Abass Mukhtar, Minister of Finance and Economic Planning (MoFEP) and Governor of the AfDB. The meeting was attended by the Ministers of Agriculture and Forests, Industry, Water Resources and Electricity, Welfare and...
Tunisie : une ligne de crédit de la BAD de 60 millions d’euros à la Banque de l’Habitat pour financer les PME
28-Feb-2017 - La Banque africaine de développement (BAD) et la Banque de l’Habitat (BH) ont signé, le 27 février 2017 à Tunis, l’accord de prêt préalable à l’octroi d’une ligne de crédit de 60 millions d’euros, destinée au financement des PME tunisiennes. Cette ligne de crédit devrait a à redynamiser les échanges économiques et commerciaux de la BH ; mais aussi soutenir la croissance de cet établissement bancaire sur le marché tunisien et renforcer sa présence en Afrique.AfDB takes agricultural transformation discourse to India, cradle of Green Revolution
28-Feb-2017 - Agriculture, agri-business and agro-industries will dominate the knowledge events of the 2017 Annual Meetings of the African Development Bank Group scheduled to take place from May 22-26 in Ahmedabad, in India’s Gujarat State.
AfDB President pays a courtesy call on Sudan’s Minister of Finance and Economic Planning
28-Feb-2017 - The three-day official visit of the President of the African Development Bank, Akinwumi Adesina, to Sudan kicked off with a courtesy call on the Minister of Finance of Economic Planning, Badreldin Mahmoud Abass, on February 26, 2017. The hour-long meeting, which concluded with a press conference, touched on important issues that underscore the bilateral cooperation between the Bank and its country of birth, the Sudan, where it was born some 53 years ago.
AfDB builds capacity on Value for Money in Social Service Delivery in the West African region
27-Feb-2017 - The African Development Bank (AfDB), in collaboration with the World Health Organization-Africa Region and the Collaborative Africa Budget Reform Initiative (CABRI), organized a capacity-building workshop for senior officials from Ministries of Finance, Health, Education and civil society organizations from February 21-23 in Abuja, Nigeria. The workshop targeted Economic Community of West African States (ECOWAS) member countries (Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger,...
SEFA commits close to US $1 million to energy access in The Gambia
27-Feb-2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA)approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through the creation of an enabling policy, institutional and regulatory framework, as well as direct support to project development and financing.AfDB President to make a three-day official visit to Sudan
26-Feb-2017 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, will make an official visit to Sudan from February 26 to March 1, 2017. He will meet top Government officials, including President Omar Al-Bashir; Minister of Finance and Economic Planning, Badr El-Din Mahmoud Abbas; and the Governor of the Central Bank of Sudan, Hazim Abdelgadir Ahmed Babikier.
AfDB launches three projects worth US $26 million in Zimbabwe
23-Feb-2017 - The African Development Bank and the Government of Zimbabwe officially launched three projects worth US $26 million that were recently approved by the Bank’s Board of Directors. The three ventures are Alaska Karoi Transmission Reinforcement Project (US $18 million); the Youth and Women Empowerment Project (US $4 million) and the Institutional Support for State Enterprise Reform and Delivery Project (US $ 4 million).AfDB to open field offices in Benin, Guinea and Niger
23-Feb-2017 - Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence, visibility and address their needs effectively.